TABRAD: what changed
TABRAD
Largest movements
- Intangible fixed assets +€72,709
new in 2025: €72,709
- Tangible fixed assets +€65,512
up €65,512 (+36.3%), from €180,466 to €245,977
of which Furniture and vehicles: +€44,616
- Cash +€54,513
up €54,513 (+56.0%), from €97,317 to €151,831
- Receivables within one year +€19,631
up €19,631 (+7.5%), from €262,655 to €282,285
of which Trade receivables: +€15,723
- Trade debts +€166,499
up €166,499 (+76.1%), from €218,774 to €385,273
- Profit (loss) carried forward +€84,914
up €84,914 (+178%), from €47,776 to €132,690
- Accrued charges and deferred income -€66,535
no longer reported in 2025 (was €66,535)
- Reserves +€40,000
up €40,000 (+36.7%), from €109,000 to €149,000
- Debts after one year -€20,472
down €20,472 (-55.1%), from €37,164 to €16,692
- Gross operating margin +€243,447
up €243,447 (+310%), from €78,460 to €321,907
- Write-downs +€195,198
new in 2025: €195,198
- Taxes +€10,563
up €10,563 (+109%), from €9,657 to €20,220
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,438 | €752,802 | +€212,365 | +39.3% |
| Fixed assets | 21/28 | €180,466 | €318,687 | +€138,221 | +76.6% |
| Intangible fixed assets | 21 | - | €72,709 | +€72,709 | |
| Tangible fixed assets | 22/27 | €180,466 | €245,977 | +€65,512 | +36.3% |
| Land and buildings | 22 | €137,750 | €120,441 | -€17,309 | -12.6% |
| Plant, machinery and equipment | 23 | €6,090 | €4,133 | -€1,957 | -32.1% |
| Furniture and vehicles | 24 | €2,910 | €47,526 | +€44,616 | +1,533% |
| Other tangible fixed assets | 26 | €33,715 | €73,877 | +€40,161 | +119% |
| Current assets | 29/58 | €359,972 | €434,116 | +€74,144 | +20.6% |
| Amounts receivable within one year | 40/41 | €262,655 | €282,285 | +€19,631 | +7.5% |
| Trade receivables | 40 | €260,489 | €276,212 | +€15,723 | +6.0% |
| Other amounts receivable | 41 | €2,166 | €6,074 | +€3,908 | +180% |
| Cash at bank and in hand | 54/58 | €97,317 | €151,831 | +€54,513 | +56.0% |
| Total equity and liabilities | 10/49 | €540,438 | €752,802 | +€212,365 | +39.3% |
| Equity | 10/15 | €175,376 | €300,290 | +€124,914 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,000 | €149,000 | +€40,000 | +36.7% |
| Distributable reserves | 133 | €109,000 | €149,000 | +€40,000 | +36.7% |
| Profit (loss) carried forward | 14 | €47,776 | €132,690 | +€84,914 | +178% |
| Amounts payable | 17/49 | €365,062 | €452,512 | +€87,450 | +24.0% |
| Amounts payable after more than one year | 17 | €37,164 | €16,692 | -€20,472 | -55.1% |
| Financial debts | 170/4 | €37,164 | €16,692 | -€20,472 | -55.1% |
| Amounts payable within one year | 42/48 | €261,363 | €435,820 | +€174,457 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €10,236 | €10,236 | = | 0.0% |
| Trade debts | 44 | €218,774 | €385,273 | +€166,499 | +76.1% |
| Suppliers | 440/4 | €218,774 | €385,273 | +€166,499 | +76.1% |
| Taxes, remuneration and social security | 45 | €20,810 | €29,457 | +€8,648 | +41.6% |
| Taxes | 450/3 | €17,095 | €26,409 | +€9,314 | +54.5% |
| Remuneration and social security | 454/9 | €3,715 | €3,048 | -€667 | -17.9% |
| Other amounts payable | 47/48 | €11,543 | €10,854 | -€689 | -6.0% |
| Accrued charges and deferred income | 492/3 | €66,535 | - | -€66,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,409 | €34,787 | +€2,378 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €195,198 | +€195,198 | |
| Other operating charges | 640/8 | €2,082 | €2,884 | +€802 | +38.5% |
| Gross operating margin | 9900 | €78,460 | €321,907 | +€243,447 | +310% |
| Operating profit (loss) | 9901 | €43,969 | €89,038 | +€45,070 | +103% |
| Financial income | 75/76B | €346 | €750 | +€404 | +117% |
| Recurring financial income | 75 | €346 | €750 | +€404 | +117% |
| Financial charges | 65/66B | €2,519 | €1,409 | -€1,110 | -44.0% |
| Recurring financial charges | 65 | €2,519 | €1,409 | -€1,110 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €41,795 | €88,379 | +€46,583 | +111% |
| Income taxes | 67/77 | €9,657 | €20,220 | +€10,563 | +109% |
| Profit (loss) for the period | 9904 | €32,139 | €68,159 | +€36,020 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €32,139 | €68,159 | +€36,020 | +112% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.