TABOR: 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.
What changed
TABOR
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€557,150
2024 · €2.4m-€1.8m
Equity
€31.2m
2024 · €30.6m+€557,150
Cash
€2.3m
2024 · €4.4m-€2.1m
Balance sheet total
€32.2m
2024 · €33.1m-€843,163
Largest movements
Assets
- Current investments +€2.6m
up €2.6m (+18.7%), from €13.9m to €16.5m
- Cash -€2.1m
down €2.1m (-47.8%), from €4.4m to €2.3m
mainly Current investments (-€2.6m) and Debts within one year (-€1.4m)
- Receivables within one year -€1.5m
down €1.5m (-30.0%), from €4.9m to €3.4m
of which Trade receivables: -€1.1m
Equity and liabilities
- Debts within one year -€1.4m
down €1.4m (-59.1%), from €2.4m to €980,301
of which Trade debts: -€1.4m
- Profit (loss) carried forward +€557,150
up €557,150 (+8.5%), from €6.5m to €7.1m
Income statement
- Gross operating margin -€4.0m
down €4.0m (-59.8%), from €6.7m to €2.7m
- Financial income +€575,683
up €575,683 (+120.4%), from €478,102 to €1.1m
of which Financial income: +€577,486
- Financial charges +€249,210
up €249,210, from -€189,056 to €60,155
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.
Result 2024
€2.4m
Gross operating margin
-€4.0m
Staff costs
-€54,934
Depreciation
-€65,772
Other operating charges
-€22,365
Other operating items
+€2.0m
Financial income
+€575,683
Financial charges
-€249,210
Taxes
+€1,291
Result 2025
€557,150
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.
From operations
+€510,566
Investment
-€2.6m
Financing
€0
Cash 2024
€4.4m
From operations (derived)
+€510,566
Net result for the year
+€557,150
Depreciation
+€167,292
Receivables after one year
-€287,376
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€39
Debts within one year
-€1.4m
Accrued charges and deferred income
+€15,813
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€21,920
Current investments
-€2.6m
Cash 2025
€2.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,074,935 | €32,231,772 | -€843,163 | -2.5% |
| Fixed assets | 21/28 | €4,643,941 | €4,498,570 | -€145,371 | -3.1% |
| Intangible fixed assets | 21 | €176,101 | €99,174 | -€76,927 | -43.7% |
| Tangible fixed assets | 22/27 | €919,293 | €845,139 | -€74,153 | -8.1% |
| Plant, machinery and equipment | 23 | €16,864 | €13,602 | -€3,262 | -19.3% |
| Furniture and vehicles | 24 | €23,456 | €23,627 | +€170 | +0.7% |
| Other tangible fixed assets | 26 | €878,705 | €807,643 | -€71,061 | -8.1% |
| Assets under construction and advance payments | 27 | €267 | €267 | = | 0.0% |
| Financial fixed assets | 28 | €3,548,548 | €3,554,257 | +€5,709 | +0.2% |
| Current assets | 29/58 | €28,430,993 | €27,733,202 | -€697,792 | -2.5% |
| Amounts receivable after more than one year | 29 | €5,189,693 | €5,477,069 | +€287,376 | +5.5% |
| Trade receivables | 290 | €2,040 | - | -€2,040 | |
| Other amounts receivable | 291 | €5,187,653 | €5,477,069 | +€289,416 | +5.6% |
| Amounts receivable within one year | 40/41 | €4,909,693 | €3,435,841 | -€1.5m | -30.0% |
| Trade receivables | 40 | €4,134,929 | €3,025,683 | -€1.1m | -26.8% |
| Other amounts receivable | 41 | €774,764 | €410,158 | -€364,606 | -47.1% |
| Current investments | 50/53 | €13,895,812 | €16,488,202 | +€2.6m | +18.7% |
| Cash at bank and in hand | 54/58 | €4,397,103 | €2,293,358 | -€2.1m | -47.8% |
| Deferred charges and accrued income | 490/1 | €38,692 | €38,731 | +€39 | +0.1% |
| Total equity and liabilities | 10/49 | €33,074,935 | €32,231,772 | -€843,163 | -2.5% |
| Equity | 10/15 | €30,605,314 | €31,162,464 | +€557,150 | +1.8% |
| Contributions | 10/11 | €17,081,604 | €17,081,604 | = | 0.0% |
| Capital | 10 | €17,081,604 | €17,081,604 | = | 0.0% |
| Reserves | 13 | €7,000,000 | €7,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,523,710 | €7,080,860 | +€557,150 | +8.5% |
| Amounts payable | 17/49 | €2,469,621 | €1,069,308 | -€1.4m | -56.7% |
| Amounts payable within one year | 42/48 | €2,396,427 | €980,301 | -€1.4m | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €2,028,810 | €604,409 | -€1.4m | -70.2% |
| Suppliers | 440/4 | €2,028,810 | €604,409 | -€1.4m | -70.2% |
| Taxes, remuneration and social security | 45 | €287,315 | €292,381 | +€5,066 | +1.8% |
| Taxes | 450/3 | €196 | €343 | +€147 | +74.8% |
| Remuneration and social security | 454/9 | €287,119 | €292,039 | +€4,920 | +1.7% |
| Accrued charges and deferred income | 492/3 | €73,194 | €89,007 | +€15,813 | +21.6% |
| Non-recurring operating income | 76A | €4,098,603 | €15,022 | -€4.1m | -99.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €425,278 | €439,705 | +€14,427 | +3.4% |
| Remuneration, social security and pensions | 62 | €2,561,096 | €2,616,030 | +€54,934 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,520 | €167,292 | +€65,772 | +64.8% |
| Other operating charges | 640/8 | €263,111 | €285,476 | +€22,365 | +8.5% |
| Non-recurring operating charges | 66A | €2,046,899 | €35,000 | -€2.0m | -98.3% |
| Gross operating margin | 9900 | €6,725,369 | €2,706,311 | -€4.0m | -59.8% |
| Operating profit (loss) | 9901 | €1,752,743 | -€397,487 | -€2.2m | |
| Financial income | 75/76B | €478,102 | €1,053,785 | +€575,683 | +120.4% |
| Recurring financial income | 75 | €470,591 | €1,048,076 | +€577,486 | +122.7% |
| Non-recurring financial income | 76B | €7,511 | €5,709 | -€1,803 | -24.0% |
| Financial charges | 65/66B | -€189,056 | €60,155 | +€249,210 | |
| Recurring financial charges | 65 | -€189,056 | €60,155 | +€249,210 | |
| Profit (loss) for the period before taxes | 9903 | €2,419,900 | €596,143 | -€1.8m | -75.4% |
| Income taxes | 67/77 | €40,284 | €38,993 | -€1,291 | -3.2% |
| Profit (loss) for the period | 9904 | €2,379,616 | €557,150 | -€1.8m | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,379,616 | €557,150 | -€1.8m | -76.6% |
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.