TAC SUD: 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 SUD
Largest movements
- Tangible fixed assets -€128,186
down €128,186 (-11.6%), from €1.1m to €974,901
of which Land and buildings: -€99,839
- Receivables within one year +€98,131
up €98,131 (+25.5%), from €385,333 to €483,464
of which Other amounts receivable: +€49,764
- Cash +€31,370
up €31,370 (+98.9%), from €31,706 to €63,076
mainly Other debts (+€120,658) and Depreciation (+€117,710)
- Other debts +€120,658
up €120,658 (+17.9%), from €674,999 to €795,657
- Debts after one year -€79,314
down €79,314 (-38.1%), from €208,003 to €128,689
- Profit (loss) carried forward -€40,401
down €40,401 (-41.2%), from -€98,146 to -€138,546
- Gross operating margin -€31,920
down €31,920 (-25.6%), from €124,761 to €92,841
- Taxes -€14,780
down €14,780, from €534 to -€14,245
- Other operating charges +€12,240
up €12,240 (+95.1%), from €12,870 to €25,110
- Financial charges -€4,915
down €4,915 (-30.7%), from €15,983 to €11,069
- Financial income +€3,979
up €3,979 (+164%), from €2,423 to €6,402
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 | €1,559,171 | €1,560,688 | +€1,517 | +0.1% |
| Fixed assets | 21/28 | €1,105,828 | €977,642 | -€128,186 | -11.6% |
| Tangible fixed assets | 22/27 | €1,103,087 | €974,901 | -€128,186 | -11.6% |
| Land and buildings | 22 | €1,006,386 | €906,548 | -€99,839 | -9.9% |
| Plant, machinery and equipment | 23 | €4,883 | €8,314 | +€3,431 | +70.3% |
| Furniture and vehicles | 24 | €24,423 | €6,733 | -€17,690 | -72.4% |
| Leasing and similar rights | 25 | - | €964 | +€964 | |
| Other tangible fixed assets | 26 | €67,395 | €52,342 | -€15,053 | -22.3% |
| Financial fixed assets | 28 | €2,742 | €2,742 | = | 0.0% |
| Current assets | 29/58 | €453,342 | €583,046 | +€129,703 | +28.6% |
| Amounts receivable within one year | 40/41 | €385,333 | €483,464 | +€98,131 | +25.5% |
| Trade receivables | 40 | €156,402 | €204,769 | +€48,367 | +30.9% |
| Other amounts receivable | 41 | €228,931 | €278,695 | +€49,764 | +21.7% |
| Cash at bank and in hand | 54/58 | €31,706 | €63,076 | +€31,370 | +98.9% |
| Deferred charges and accrued income | 490/1 | €36,303 | €36,505 | +€202 | +0.6% |
| Total equity and liabilities | 10/49 | €1,559,171 | €1,560,688 | +€1,517 | +0.1% |
| Equity | 10/15 | €542,445 | €502,045 | -€40,401 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,991 | €621,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,286 | €6,286 | = | 0.0% |
| Distributable reserves | 133 | €613,844 | €613,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,146 | -€138,546 | -€40,401 | -41.2% |
| Amounts payable | 17/49 | €1,016,725 | €1,058,643 | +€41,918 | +4.1% |
| Amounts payable after more than one year | 17 | €208,003 | €128,689 | -€79,314 | -38.1% |
| Financial debts | 170/4 | €208,003 | €128,689 | -€79,314 | -38.1% |
| Amounts payable within one year | 42/48 | €808,723 | €929,955 | +€121,232 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €105,064 | €95,648 | -€9,416 | -9.0% |
| Financial debts | 43 | €1,979 | €0 | -€1,979 | -100% |
| Credit institutions | 430/8 | €1,979 | €0 | -€1,979 | -100% |
| Trade debts | 44 | €23,304 | €35,867 | +€12,563 | +53.9% |
| Suppliers | 440/4 | €23,304 | €35,867 | +€12,563 | +53.9% |
| Advances received on contracts in progress | 46 | - | €587 | +€587 | |
| Taxes, remuneration and social security | 45 | €3,377 | €2,195 | -€1,182 | -35.0% |
| Taxes | 450/3 | €3,377 | €2,195 | -€1,182 | -35.0% |
| Other amounts payable | 47/48 | €674,999 | €795,657 | +€120,658 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,332 | €117,710 | -€622 | -0.5% |
| Other operating charges | 640/8 | €12,870 | €25,110 | +€12,240 | +95.1% |
| Gross operating margin | 9900 | €124,761 | €92,841 | -€31,920 | -25.6% |
| Operating profit (loss) | 9901 | -€6,442 | -€49,980 | -€43,537 | -676% |
| Financial income | 75/76B | €2,423 | €6,402 | +€3,979 | +164% |
| Recurring financial income | 75 | €2,423 | €6,402 | +€3,979 | +164% |
| Financial charges | 65/66B | €15,983 | €11,069 | -€4,915 | -30.7% |
| Recurring financial charges | 65 | €15,983 | €11,069 | -€4,915 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,003 | -€54,646 | -€34,643 | -173% |
| Income taxes | 67/77 | €534 | -€14,245 | -€14,780 | |
| Profit (loss) for the period | 9904 | -€20,537 | -€40,401 | -€19,863 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,537 | -€40,401 | -€19,863 | -96.7% |
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 19 October 2026 via checked.be.