TABOE: 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.
TABOE
Largest movements
- Cash +€21,968
up €21,968 (+99.8%), from €22,006 to €43,974
mainly Net result for the year (+€35,153) and Depreciation (+€15,095)
- Tangible fixed assets -€13,985
down €13,985 (-4.8%), from €290,558 to €276,572
of which Land and buildings: -€9,972
- Reserves +€35,153
up €35,153 (+141%), from €24,971 to €60,125
- Other debts -€20,887
down €20,887 (-58.1%), from €35,945 to €15,058
- Debts after one year -€19,594
down €19,594 (-7.7%), from €255,516 to €235,922
- Tax, wage and social debts +€10,827
up €10,827 (+83.0%), from €13,049 to €23,877
- Gross operating margin +€14,096
up €14,096 (+21.2%), from €66,386 to €80,482
- Taxes +€4,274
up €4,274 (+48.3%), from €8,849 to €13,124
- Financial charges -€2,483
down €2,483 (-15.0%), from €16,593 to €14,110
- Staff costs +€852
up €852 (+326%), from €262 to €1,114
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 | €364,250 | €372,639 | +€8,389 | +2.3% |
| Fixed assets | 21/28 | €290,558 | €276,572 | -€13,985 | -4.8% |
| Tangible fixed assets | 22/27 | €290,558 | €276,572 | -€13,985 | -4.8% |
| Land and buildings | 22 | €252,217 | €242,245 | -€9,972 | -4.0% |
| Plant, machinery and equipment | 23 | €36,784 | €33,198 | -€3,586 | -9.7% |
| Furniture and vehicles | 24 | €1,556 | €1,129 | -€427 | -27.4% |
| Current assets | 29/58 | €73,692 | €96,067 | +€22,375 | +30.4% |
| Amounts receivable after more than one year | 29 | €45,400 | €45,400 | = | 0.0% |
| Other amounts receivable | 291 | €45,400 | €45,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,287 | €6,693 | +€3,407 | +104% |
| Trade receivables | 40 | €1,861 | €2,433 | +€572 | +30.7% |
| Other amounts receivable | 41 | €1,426 | €4,261 | +€2,835 | +199% |
| Cash at bank and in hand | 54/58 | €22,006 | €43,974 | +€21,968 | +99.8% |
| Deferred charges and accrued income | 490/1 | €3,000 | €0 | -€3,000 | -100% |
| Total equity and liabilities | 10/49 | €364,250 | €372,639 | +€8,389 | +2.3% |
| Equity | 10/15 | €27,971 | €63,125 | +€35,153 | +126% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,971 | €60,125 | +€35,153 | +141% |
| Distributable reserves | 133 | €24,971 | €60,125 | +€35,153 | +141% |
| Amounts payable | 17/49 | €336,279 | €309,515 | -€26,764 | -8.0% |
| Amounts payable after more than one year | 17 | €255,516 | €235,922 | -€19,594 | -7.7% |
| Financial debts | 170/4 | €255,516 | €235,922 | -€19,594 | -7.7% |
| Amounts payable within one year | 42/48 | €78,969 | €69,445 | -€9,524 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €19,349 | €20,340 | +€991 | +5.1% |
| Trade debts | 44 | €10,626 | €10,171 | -€456 | -4.3% |
| Suppliers | 440/4 | €10,626 | €10,171 | -€456 | -4.3% |
| Taxes, remuneration and social security | 45 | €13,049 | €23,877 | +€10,827 | +83.0% |
| Taxes | 450/3 | €13,049 | €23,877 | +€10,827 | +83.0% |
| Other amounts payable | 47/48 | €35,945 | €15,058 | -€20,887 | -58.1% |
| Accrued charges and deferred income | 492/3 | €1,793 | €4,148 | +€2,354 | +131% |
| Remuneration, social security and pensions | 62 | €262 | €1,114 | +€852 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,119 | €15,095 | -€23 | -0.2% |
| Other operating charges | 640/8 | €2,780 | €3,179 | +€398 | +14.3% |
| Gross operating margin | 9900 | €66,386 | €80,482 | +€14,096 | +21.2% |
| Operating profit (loss) | 9901 | €48,225 | €61,094 | +€12,869 | +26.7% |
| Financial income | 75/76B | €1,286 | €1,293 | +€7 | +0.6% |
| Recurring financial income | 75 | €1,286 | €1,293 | +€7 | +0.6% |
| Financial charges | 65/66B | €16,593 | €14,110 | -€2,483 | -15.0% |
| Recurring financial charges | 65 | €16,593 | €14,110 | -€2,483 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €32,918 | €48,277 | +€15,359 | +46.7% |
| Income taxes | 67/77 | €8,849 | €13,124 | +€4,274 | +48.3% |
| Profit (loss) for the period | 9904 | €24,069 | €35,153 | +€11,085 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,069 | €35,153 | +€11,085 | +46.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.