TABY: 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.
TABY
Largest movements
- Receivables within one year +€512,647
up €512,647 (+173%), from €296,253 to €808,900
of which Trade receivables: +€508,367
- Tangible fixed assets -€325,253
down €325,253 (-2.8%), from €11.5m to €11.2m
of which Land and buildings: -€168,011
- Current investments +€300,000
up €300,000 (+100%), from €300,000 to €600,000
- Debts after one year +€682,154
up €682,154 (+10.9%), from €6.2m to €6.9m
of which Financial debts: +€682,154
- Reserves -€429,275
down €429,275 (-21.2%), from €2.0m to €1.6m
of which Tax-exempt reserves: -€429,275
- Profit (loss) carried forward +€330,179
up €330,179 (+27.7%), from -€1.2m to -€863,542
- Current portion of long-term debt -€173,353
down €173,353 (-45.2%), from €383,609 to €210,256
- Trade debts +€154,093
up €154,093 (+149%), from €103,128 to €257,222
- Gross operating margin -€143,513
down €143,513 (-26.2%), from €547,674 to €404,161
- Financial charges -€69,181
down €69,181 (-19.1%), from €361,868 to €292,687
- Other operating charges +€26,926
up €26,926 (+183%), from €14,699 to €41,626
- Financial income -€18,161
down €18,161 (-57.9%), from €31,377 to €13,216
- Depreciation +€6,766
up €6,766 (+2.1%), from €318,487 to €325,253
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 | €12,335,647 | €12,762,982 | +€427,335 | +3.5% |
| Fixed assets | 21/28 | €11,533,920 | €11,248,221 | -€285,699 | -2.5% |
| Tangible fixed assets | 22/27 | €11,533,920 | €11,208,667 | -€325,253 | -2.8% |
| Land and buildings | 22 | €6,173,321 | €6,005,310 | -€168,011 | -2.7% |
| Leasing and similar rights | 25 | €5,360,599 | €5,203,358 | -€157,241 | -2.9% |
| Financial fixed assets | 28 | - | €39,554 | +€39,554 | |
| Current assets | 29/58 | €801,727 | €1,514,761 | +€713,034 | +88.9% |
| Amounts receivable within one year | 40/41 | €296,253 | €808,900 | +€512,647 | +173% |
| Trade receivables | 40 | €241,547 | €749,914 | +€508,367 | +210% |
| Other amounts receivable | 41 | €54,706 | €58,986 | +€4,280 | +7.8% |
| Current investments | 50/53 | €300,000 | €600,000 | +€300,000 | +100% |
| Cash at bank and in hand | 54/58 | €156,264 | €60,501 | -€95,764 | -61.3% |
| Deferred charges and accrued income | 490/1 | €49,210 | €45,361 | -€3,849 | -7.8% |
| Total equity and liabilities | 10/49 | €12,335,647 | €12,762,982 | +€427,335 | +3.5% |
| Equity | 10/15 | €4,923,358 | €4,824,262 | -€99,096 | -2.0% |
| Contributions | 10/11 | €4,088,200 | €4,088,200 | = | 0.0% |
| Reserves | 13 | €2,028,878 | €1,599,603 | -€429,275 | -21.2% |
| Tax-exempt reserves | 132 | €2,027,018 | €1,597,743 | -€429,275 | -21.2% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,193,720 | -€863,542 | +€330,179 | +27.7% |
| Provisions and deferred taxes | 16 | €675,673 | €532,581 | -€143,092 | -21.2% |
| Deferred taxes | 168 | €675,673 | €532,581 | -€143,092 | -21.2% |
| Amounts payable | 17/49 | €6,736,617 | €7,406,140 | +€669,523 | +9.9% |
| Amounts payable after more than one year | 17 | €6,232,255 | €6,914,409 | +€682,154 | +10.9% |
| Financial debts | 170/4 | €6,232,255 | €6,914,409 | +€682,154 | +10.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €499,421 | €477,169 | -€22,251 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €383,609 | €210,256 | -€173,353 | -45.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €103,128 | €257,222 | +€154,093 | +149% |
| Suppliers | 440/4 | €103,128 | €257,222 | +€154,093 | +149% |
| Taxes, remuneration and social security | 45 | €10,337 | €7,282 | -€3,055 | -29.6% |
| Taxes | 450/3 | €10,337 | €7,282 | -€3,055 | -29.6% |
| Other amounts payable | 47/48 | €2,346 | €2,410 | +€64 | +2.7% |
| Accrued charges and deferred income | 492/3 | €4,941 | €14,561 | +€9,620 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318,487 | €325,253 | +€6,766 | +2.1% |
| Other operating charges | 640/8 | €14,699 | €41,626 | +€26,926 | +183% |
| Gross operating margin | 9900 | €547,674 | €404,161 | -€143,513 | -26.2% |
| Operating profit (loss) | 9901 | €214,488 | €37,283 | -€177,205 | -82.6% |
| Financial income | 75/76B | €31,377 | €13,216 | -€18,161 | -57.9% |
| Recurring financial income | 75 | €31,377 | €13,216 | -€18,161 | -57.9% |
| Financial charges | 65/66B | €361,868 | €292,687 | -€69,181 | -19.1% |
| Recurring financial charges | 65 | €361,868 | €292,687 | -€69,181 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€116,003 | -€242,188 | -€126,185 | -109% |
| Transfer from deferred taxes | 780 | €16,028 | €143,061 | +€127,033 | +793% |
| Income taxes | 67/77 | €2,595 | €0 | -€2,595 | -100% |
| Profit (loss) for the period | 9904 | -€102,569 | -€99,126 | +€3,443 | +3.4% |
| Transfer from tax-exempt reserves | 789 | €48,085 | €429,305 | +€381,220 | +793% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,484 | €330,179 | +€384,663 |
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 30 October 2026 via checked.be.