TABo: 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.
TABo
Largest movements
- Tangible fixed assets +€170,732
up €170,732 (+469.7%), from €36,351 to €207,083
of which Land and buildings: +€181,304
- Cash -€144,957
down €144,957 (-72.0%), from €201,339 to €56,382
mainly Contributions, distributions and other (-€233,298) and Investment in fixed assets (net) (-€206,483)
- Receivables within one year +€16,630
up €16,630 (+109.3%), from €15,215 to €31,845
of which Other amounts receivable: +€9,524
- Deferred charges and accrued income -€3,763
down €3,763 (-37.3%), from €10,087 to €6,324
- Debts after one year +€162,593
new in 2025: €162,593
- Profit (loss) carried forward -€136,904
down €136,904 (-58.7%), from €233,298 to €96,394
- Current portion of long-term debt +€16,137
new in 2025: €16,137
- Trade debts -€4,688
down €4,688 (-59.1%), from €7,930 to €3,242
- Tax, wage and social debts +€4,356
up €4,356 (+28.0%), from €15,531 to €19,886
of which Taxes: +€3,070
- Gross operating margin +€31,610
up €31,610 (+24.1%), from €131,172 to €162,782
- Depreciation +€28,693
up €28,693 (+406.5%), from €7,058 to €35,751
- Financial charges +€1,743
up €1,743 (+188.8%), from €923 to €2,667
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 | €262,992 | €301,634 | +€38,642 | +14.7% |
| Fixed assets | 21/28 | €36,351 | €207,083 | +€170,732 | +469.7% |
| Tangible fixed assets | 22/27 | €36,351 | €207,083 | +€170,732 | +469.7% |
| Land and buildings | 22 | €8,378 | €189,683 | +€181,304 | +2164.0% |
| Furniture and vehicles | 24 | €27,973 | €17,401 | -€10,572 | -37.8% |
| Current assets | 29/58 | €226,641 | €94,551 | -€132,090 | -58.3% |
| Amounts receivable within one year | 40/41 | €15,215 | €31,845 | +€16,630 | +109.3% |
| Trade receivables | 40 | €15,208 | €22,313 | +€7,106 | +46.7% |
| Other amounts receivable | 41 | €7 | €9,531 | +€9,524 | +130823.5% |
| Cash at bank and in hand | 54/58 | €201,339 | €56,382 | -€144,957 | -72.0% |
| Deferred charges and accrued income | 490/1 | €10,087 | €6,324 | -€3,763 | -37.3% |
| Total equity and liabilities | 10/49 | €262,992 | €301,634 | +€38,642 | +14.7% |
| Equity | 10/15 | €234,298 | €97,394 | -€136,904 | -58.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,298 | €96,394 | -€136,904 | -58.7% |
| Amounts payable | 17/49 | €28,695 | €204,240 | +€175,545 | +611.8% |
| Amounts payable after more than one year | 17 | - | €162,593 | +€162,593 | |
| Financial debts | 170/4 | - | €162,593 | +€162,593 | |
| Amounts payable within one year | 42/48 | €28,695 | €41,648 | +€12,953 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | - | €16,137 | +€16,137 | |
| Financial debts | 43 | €988 | €2,382 | +€1,394 | +141.2% |
| Credit institutions | 430/8 | €988 | €2,382 | +€1,394 | +141.2% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,930 | €3,242 | -€4,688 | -59.1% |
| Suppliers | 440/4 | €7,930 | €3,242 | -€4,688 | -59.1% |
| Taxes, remuneration and social security | 45 | €15,531 | €19,886 | +€4,356 | +28.0% |
| Taxes | 450/3 | €15,531 | €18,601 | +€3,070 | +19.8% |
| Remuneration and social security | 454/9 | - | €1,286 | +€1,286 | |
| Other amounts payable | 47/48 | €4,247 | €0 | -€4,247 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,058 | €35,751 | +€28,693 | +406.5% |
| Other operating charges | 640/8 | €918 | €1,581 | +€663 | +72.2% |
| Gross operating margin | 9900 | €131,172 | €162,782 | +€31,610 | +24.1% |
| Operating profit (loss) | 9901 | €123,195 | €125,450 | +€2,254 | +1.8% |
| Financial income | 75/76B | €0 | €147 | +€146 | +30439.6% |
| Recurring financial income | 75 | €0 | €147 | +€146 | +30439.6% |
| Financial charges | 65/66B | €923 | €2,667 | +€1,743 | +188.8% |
| Recurring financial charges | 65 | €923 | €2,667 | +€1,743 | +188.8% |
| Profit (loss) for the period before taxes | 9903 | €122,272 | €122,930 | +€657 | +0.5% |
| Income taxes | 67/77 | €26,400 | €26,536 | +€136 | +0.5% |
| Profit (loss) for the period | 9904 | €95,872 | €96,394 | +€522 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,872 | €96,394 | +€522 | +0.5% |
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.