TABALUX: what changed
Two financial 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.
TABALUX
Largest movements
- Receivables within one year +€98,049
up €98,049 (+237%), from €41,356 to €139,405
of which Trade receivables: +€63,079
- Stocks and contracts -€86,474
down €86,474 (-4.8%), from €1.8m to €1.7m
- Cash +€32,879
up €32,879 (+185%), from €17,807 to €50,686
mainly Stocks and contracts (+€86,474) and Net result for the year (+€52,921)
- Deferred charges and accrued income +€31,332
up €31,332 (+439%), from €7,130 to €38,461
- Reserves +€52,921
up €52,921 (+32.4%), from €163,551 to €216,472
of which Distributable reserves: +€52,921
- Gross operating margin +€10,702
up €10,702 (+3.4%), from €314,582 to €325,284
- Staff costs -€9,460
down €9,460 (-4.9%), from €192,115 to €182,655
- Taxes +€7,809
up €7,809 (+62.1%), from €12,578 to €20,388
- Other operating charges +€4,989
up €4,989 (+271%), from €1,839 to €6,828
- Depreciation -€3,844
down €3,844 (-7.4%), from €52,223 to €48,379
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.
Derived cash bridge
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 | €2,059,836 | €2,133,707 | +€73,871 | +3.6% |
| Fixed assets | 21/28 | €153,225 | €151,312 | -€1,914 | -1.2% |
| Intangible fixed assets | 21 | €8,416 | €7,526 | -€890 | -10.6% |
| Tangible fixed assets | 22/27 | €144,809 | €143,786 | -€1,023 | -0.7% |
| Plant, machinery and equipment | 23 | €141,828 | €141,575 | -€253 | -0.2% |
| Furniture and vehicles | 24 | €2,981 | €2,211 | -€770 | -25.8% |
| Current assets | 29/58 | €1,906,611 | €1,982,395 | +€75,785 | +4.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,785,318 | €1,698,844 | -€86,474 | -4.8% |
| Stocks | 30/36 | €1,785,318 | €1,698,844 | -€86,474 | -4.8% |
| Amounts receivable within one year | 40/41 | €41,356 | €139,405 | +€98,049 | +237% |
| Trade receivables | 40 | €0 | €63,079 | +€63,079 | |
| Other amounts receivable | 41 | €41,356 | €76,325 | +€34,970 | +84.6% |
| Cash at bank and in hand | 54/58 | €17,807 | €50,686 | +€32,879 | +185% |
| Deferred charges and accrued income | 490/1 | €7,130 | €38,461 | +€31,332 | +439% |
| Total equity and liabilities | 10/49 | €2,059,836 | €2,133,707 | +€73,871 | +3.6% |
| Equity | 10/15 | €761,835 | €814,756 | +€52,921 | +6.9% |
| Contributions | 10/11 | €239,119 | €239,119 | = | 0.0% |
| Capital | 10 | €239,119 | €239,119 | = | 0.0% |
| Issued capital | 100 | €239,119 | €239,119 | = | 0.0% |
| Reserves | 13 | €163,551 | €216,472 | +€52,921 | +32.4% |
| Non-distributable reserves | 130/1 | €23,912 | €23,912 | = | 0.0% |
| Legal reserve | 130 | €23,912 | €23,912 | = | 0.0% |
| Distributable reserves | 133 | €139,640 | €192,560 | +€52,921 | +37.9% |
| Profit (loss) carried forward | 14 | €359,164 | €359,164 | = | 0.0% |
| Amounts payable | 17/49 | €1,298,001 | €1,318,951 | +€20,950 | +1.6% |
| Amounts payable within one year | 42/48 | €1,292,392 | €1,318,951 | +€26,559 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €1,106,861 | €1,116,422 | +€9,562 | +0.9% |
| Suppliers | 440/4 | €1,106,861 | €1,116,422 | +€9,562 | +0.9% |
| Taxes, remuneration and social security | 45 | €35,531 | €52,529 | +€16,997 | +47.8% |
| Taxes | 450/3 | €17,210 | €26,779 | +€9,570 | +55.6% |
| Remuneration and social security | 454/9 | €18,322 | €25,749 | +€7,428 | +40.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,609 | €0 | -€5,609 | -100% |
| Remuneration, social security and pensions | 62 | €192,115 | €182,655 | -€9,460 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,223 | €48,379 | -€3,844 | -7.4% |
| Other operating charges | 640/8 | €1,839 | €6,828 | +€4,989 | +271% |
| Gross operating margin | 9900 | €314,582 | €325,284 | +€10,702 | +3.4% |
| Operating profit (loss) | 9901 | €68,406 | €87,422 | +€19,017 | +27.8% |
| Financial income | 75/76B | €3,510 | €7,190 | +€3,680 | +105% |
| Recurring financial income | 75 | €3,510 | €7,190 | +€3,680 | +105% |
| Financial charges | 65/66B | €24,226 | €21,304 | -€2,922 | -12.1% |
| Recurring financial charges | 65 | €24,226 | €21,304 | -€2,922 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €47,690 | €73,308 | +€25,619 | +53.7% |
| Income taxes | 67/77 | €12,578 | €20,388 | +€7,809 | +62.1% |
| Profit (loss) for the period | 9904 | €35,111 | €52,921 | +€17,809 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,111 | €52,921 | +€17,809 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.