TABELO: 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.
TABELO
Largest movements
- Current investments -€374,282
no longer reported in 2025 (was €374,282)
- Cash +€98,369
up €98,369 (+83.4%), from €117,943 to €216,312
mainly Current investments (+€374,282) and Net result for the year (+€260,313)
- Tangible fixed assets +€29,598
up €29,598 (+22.4%), from €132,235 to €161,833
of which Plant, machinery and equipment: +€41,425
- Receivables within one year -€7,665
down €7,665 (-39.1%), from €19,590 to €11,924
of which Other amounts receivable: -€10,005
- Deferred charges and accrued income -€7,393
down €7,393 (-29.7%), from €24,867 to €17,474
- Reserves -€535,498
no longer reported in 2025 (was €535,498)
- Other debts +€260,313
new in 2025: €260,313
- Tax, wage and social debts +€15,355
up €15,355 (+20.7%), from €74,128 to €89,483
- Gross operating margin +€42,113
up €42,113 (+12.6%), from €332,916 to €375,029
- Taxes +€13,022
up €13,022 (+17.4%), from €74,924 to €87,946
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 | €668,917 | €407,544 | -€261,373 | -39.1% |
| Fixed assets | 21/28 | €132,235 | €161,833 | +€29,598 | +22.4% |
| Tangible fixed assets | 22/27 | €132,235 | €161,833 | +€29,598 | +22.4% |
| Plant, machinery and equipment | 23 | €42,139 | €83,563 | +€41,425 | +98.3% |
| Furniture and vehicles | 24 | €799 | - | -€799 | |
| Other tangible fixed assets | 26 | €89,297 | €78,269 | -€11,027 | -12.3% |
| Current assets | 29/58 | €536,682 | €245,711 | -€290,971 | -54.2% |
| Amounts receivable within one year | 40/41 | €19,590 | €11,924 | -€7,665 | -39.1% |
| Trade receivables | 40 | - | €2,340 | +€2,340 | |
| Other amounts receivable | 41 | €19,590 | €9,584 | -€10,005 | -51.1% |
| Current investments | 50/53 | €374,282 | - | -€374,282 | |
| Cash at bank and in hand | 54/58 | €117,943 | €216,312 | +€98,369 | +83.4% |
| Deferred charges and accrued income | 490/1 | €24,867 | €17,474 | -€7,393 | -29.7% |
| Total equity and liabilities | 10/49 | €668,917 | €407,544 | -€261,373 | -39.1% |
| Equity | 10/15 | €536,498 | €1,000 | -€535,498 | -99.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €535,498 | - | -€535,498 | |
| Distributable reserves | 133 | €535,498 | - | -€535,498 | |
| Amounts payable | 17/49 | €132,419 | €406,544 | +€274,125 | +207.0% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,126 | €351,713 | +€271,586 | +338.9% |
| Trade debts | 44 | €5,998 | €1,916 | -€4,081 | -68.0% |
| Suppliers | 440/4 | €5,998 | €1,916 | -€4,081 | -68.0% |
| Taxes, remuneration and social security | 45 | €74,128 | €89,483 | +€15,355 | +20.7% |
| Taxes | 450/3 | €74,128 | €89,483 | +€15,355 | +20.7% |
| Other amounts payable | 47/48 | - | €260,313 | +€260,313 | |
| Accrued charges and deferred income | 492/3 | €2,293 | €4,831 | +€2,538 | +110.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,281 | €29,205 | +€924 | +3.3% |
| Other operating charges | 640/8 | €267 | €272 | +€6 | +2.1% |
| Gross operating margin | 9900 | €332,916 | €375,029 | +€42,113 | +12.6% |
| Operating profit (loss) | 9901 | €304,369 | €345,552 | +€41,183 | +13.5% |
| Financial income | 75/76B | €7,087 | €5,713 | -€1,374 | -19.4% |
| Recurring financial income | 75 | €7,087 | €5,713 | -€1,374 | -19.4% |
| Financial charges | 65/66B | €508 | €3,005 | +€2,497 | +491.2% |
| Recurring financial charges | 65 | €508 | €3,005 | +€2,497 | +491.2% |
| Profit (loss) for the period before taxes | 9903 | €310,947 | €348,259 | +€37,312 | +12.0% |
| Income taxes | 67/77 | €74,924 | €87,946 | +€13,022 | +17.4% |
| Profit (loss) for the period | 9904 | €236,023 | €260,313 | +€24,290 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €236,023 | €260,313 | +€24,290 | +10.3% |
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 4 October 2026 via checked.be.