TAC: 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.
TAC
Largest movements
- Cash +€59,609
up €59,609 (+314%), from €19,001 to €78,610
mainly Other debts (+€60,799) and Net result for the year (+€59,976)
- Receivables within one year -€35,552
down €35,552 (-9.1%), from €391,392 to €355,840
of which Other amounts receivable: -€101,569
- Deferred charges and accrued income +€4,870
up €4,870 (+60.7%), from €8,023 to €12,893
- Other debts +€60,799
up €60,799 (+30.2%), from €201,610 to €262,409
- Profit (loss) carried forward -€40,024
down €40,024 (-63.7%), from €62,810 to €22,786
- Gross operating margin -€47,449
down €47,449 (-18.9%), from €251,531 to €204,082
- Staff costs +€35,453
up €35,453 (+50.2%), from €70,693 to €106,146
- Taxes -€14,362
down €14,362 (-40.0%), from €35,943 to €21,581
- Financial charges +€8,779
up €8,779 (+338%), from €2,595 to €11,374
- Depreciation +€3,681
up €3,681 (+479%), from €768 to €4,449
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 | €439,943 | €464,421 | +€24,478 | +5.6% |
| Fixed assets | 21/28 | €21,527 | €17,078 | -€4,449 | -20.7% |
| Tangible fixed assets | 22/27 | €21,477 | €17,028 | -€4,449 | -20.7% |
| Furniture and vehicles | 24 | €6,264 | €4,978 | -€1,286 | -20.5% |
| Other tangible fixed assets | 26 | €15,212 | €12,049 | -€3,163 | -20.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €418,416 | €447,343 | +€28,927 | +6.9% |
| Amounts receivable within one year | 40/41 | €391,392 | €355,840 | -€35,552 | -9.1% |
| Trade receivables | 40 | €189,824 | €255,840 | +€66,016 | +34.8% |
| Other amounts receivable | 41 | €201,569 | €100,000 | -€101,569 | -50.4% |
| Cash at bank and in hand | 54/58 | €19,001 | €78,610 | +€59,609 | +314% |
| Deferred charges and accrued income | 490/1 | €8,023 | €12,893 | +€4,870 | +60.7% |
| Total equity and liabilities | 10/49 | €439,943 | €464,421 | +€24,478 | +5.6% |
| Equity | 10/15 | €70,869 | €30,845 | -€40,024 | -56.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,810 | €22,786 | -€40,024 | -63.7% |
| Amounts payable | 17/49 | €369,074 | €433,576 | +€64,502 | +17.5% |
| Amounts payable within one year | 42/48 | €338,990 | €401,666 | +€62,676 | +18.5% |
| Trade debts | 44 | €91,662 | €93,002 | +€1,340 | +1.5% |
| Suppliers | 440/4 | €91,662 | €93,002 | +€1,340 | +1.5% |
| Taxes, remuneration and social security | 45 | €45,718 | €46,255 | +€537 | +1.2% |
| Taxes | 450/3 | €38,092 | €34,289 | -€3,803 | -10.0% |
| Remuneration and social security | 454/9 | €7,626 | €11,966 | +€4,340 | +56.9% |
| Other amounts payable | 47/48 | €201,610 | €262,409 | +€60,799 | +30.2% |
| Accrued charges and deferred income | 492/3 | €30,084 | €31,910 | +€1,826 | +6.1% |
| Remuneration, social security and pensions | 62 | €70,693 | €106,146 | +€35,453 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €4,449 | +€3,681 | +479% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€580 | - | +€580 | |
| Other operating charges | 640/8 | €599 | €757 | +€159 | +26.5% |
| Non-recurring operating charges | 66A | €46,351 | - | -€46,351 | |
| Gross operating margin | 9900 | €251,531 | €204,082 | -€47,449 | -18.9% |
| Operating profit (loss) | 9901 | €133,700 | €92,730 | -€40,970 | -30.6% |
| Financial income | 75/76B | €56 | €202 | +€146 | +260% |
| Recurring financial income | 75 | €56 | €202 | +€146 | +260% |
| Financial charges | 65/66B | €2,595 | €11,374 | +€8,779 | +338% |
| Recurring financial charges | 65 | €2,595 | €11,374 | +€8,779 | +338% |
| Profit (loss) for the period before taxes | 9903 | €131,161 | €81,557 | -€49,604 | -37.8% |
| Income taxes | 67/77 | €35,943 | €21,581 | -€14,362 | -40.0% |
| Profit (loss) for the period | 9904 | €95,218 | €59,976 | -€35,242 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,218 | €59,976 | -€35,242 | -37.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.