TABAKADO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TABAKADO
Largest movements
- Tangible fixed assets -€9,064
down €9,064 (-11.2%), from €80,892 to €71,829
of which Land and buildings: -€9,826
- Stocks and contracts +€4,042
up €4,042 (+2.2%), from €181,018 to €185,060
- Debts after one year +€54,936
up €54,936 (+75.3%), from €72,912 to €127,848
- Profit (loss) carried forward -€47,780
down €47,780 (-102.0%), from -€46,822 to -€94,602
- Current portion of long-term debt -€38,628
down €38,628 (-88.2%), from €43,799 to €5,171
- Trade debts +€26,770
up €26,770 (+126.5%), from €21,156 to €47,927
- Gross operating margin -€46,477
down €46,477 (-63.2%), from €73,566 to €27,088
- Staff costs -€12,479
down €12,479 (-19.6%), from €63,723 to €51,244
- Depreciation +€909
up €909 (+9.1%), from €10,035 to €10,944
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,588 | €320,941 | -€2,647 | -0.8% |
| Fixed assets | 21/28 | €81,042 | €71,979 | -€9,064 | -11.2% |
| Tangible fixed assets | 22/27 | €80,892 | €71,829 | -€9,064 | -11.2% |
| Land and buildings | 22 | €80,497 | €70,671 | -€9,826 | -12.2% |
| Plant, machinery and equipment | 23 | €395 | €186 | -€209 | -52.8% |
| Furniture and vehicles | 24 | - | €971 | +€971 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €242,546 | €248,962 | +€6,417 | +2.6% |
| Stocks and contracts in progress | 3 | €181,018 | €185,060 | +€4,042 | +2.2% |
| Stocks | 30/36 | €181,018 | €185,060 | +€4,042 | +2.2% |
| Amounts receivable within one year | 40/41 | €920 | €3,017 | +€2,097 | +227.8% |
| Other amounts receivable | 41 | €920 | €3,017 | +€2,097 | +227.8% |
| Cash at bank and in hand | 54/58 | €58,274 | €58,913 | +€639 | +1.1% |
| Deferred charges and accrued income | 490/1 | €2,334 | €1,973 | -€361 | -15.5% |
| Total equity and liabilities | 10/49 | €323,588 | €320,941 | -€2,647 | -0.8% |
| Equity | 10/15 | -€26,362 | -€74,142 | -€47,780 | -181.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,822 | -€94,602 | -€47,780 | -102.0% |
| Amounts payable | 17/49 | €349,951 | €395,083 | +€45,133 | +12.9% |
| Amounts payable after more than one year | 17 | €72,912 | €127,848 | +€54,936 | +75.3% |
| Financial debts | 170/4 | €72,912 | €127,848 | +€54,936 | +75.3% |
| Amounts payable within one year | 42/48 | €273,953 | €263,297 | -€10,657 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €43,799 | €5,171 | -€38,628 | -88.2% |
| Trade debts | 44 | €21,156 | €47,927 | +€26,770 | +126.5% |
| Suppliers | 440/4 | €21,156 | €47,927 | +€26,770 | +126.5% |
| Taxes, remuneration and social security | 45 | €13,621 | €11,737 | -€1,884 | -13.8% |
| Taxes | 450/3 | €314 | €319 | +€6 | +1.8% |
| Remuneration and social security | 454/9 | €13,308 | €11,418 | -€1,890 | -14.2% |
| Other amounts payable | 47/48 | €195,376 | €198,462 | +€3,085 | +1.6% |
| Accrued charges and deferred income | 492/3 | €3,085 | €3,938 | +€853 | +27.6% |
| Remuneration, social security and pensions | 62 | €63,723 | €51,244 | -€12,479 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,035 | €10,944 | +€909 | +9.1% |
| Other operating charges | 640/8 | €3,763 | €4,421 | +€658 | +17.5% |
| Gross operating margin | 9900 | €73,566 | €27,088 | -€46,477 | -63.2% |
| Operating profit (loss) | 9901 | -€3,955 | -€39,520 | -€35,565 | -899.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,478 | €8,083 | -€395 | -4.7% |
| Recurring financial charges | 65 | €8,478 | €8,083 | -€395 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,433 | -€47,603 | -€35,171 | -282.9% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,607 | -€47,780 | -€35,172 | -279.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,607 | -€47,780 | -€35,172 | -279.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.