TaCaVe: 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.
TaCaVe
Largest movements
- Cash +€105,021
up €105,021 (+223.1%), from €47,066 to €152,087
mainly Net result for the year (+€98,161) and Other debts (+€80,341)
- Financial fixed assets -€49,995
no longer reported in 2025 (was €49,995)
- Tangible fixed assets -€15,570
down €15,570 (-26.4%), from €58,894 to €43,324
of which Furniture and vehicles: -€13,166
- Other debts +€80,341
up €80,341 (+203.1%), from €39,557 to €119,897
- Profit (loss) carried forward -€51,705
down €51,705 (-99.9%), from €51,747 to €42
- Tax, wage and social debts +€30,773
up €30,773 (+1001.8%), from €3,072 to €33,845
of which Taxes: +€32,213
- Debts after one year -€19,934
down €19,934 (-50.8%), from €39,272 to €19,337
- Financial income +€72,562
up €72,562 (+725620200.0%), from €0 to €72,562
- Gross operating margin -€48,418
down €48,418 (-39.2%), from €123,444 to €75,026
- Taxes +€2,587
up €2,587 (+9.6%), from €27,044 to €29,631
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,986 | €197,392 | +€40,406 | +25.7% |
| Fixed assets | 21/28 | €108,889 | €43,324 | -€65,565 | -60.2% |
| Tangible fixed assets | 22/27 | €58,894 | €43,324 | -€15,570 | -26.4% |
| Land and buildings | 22 | €6,646 | €5,773 | -€873 | -13.1% |
| Plant, machinery and equipment | 23 | €3,047 | €1,517 | -€1,530 | -50.2% |
| Furniture and vehicles | 24 | €49,201 | €36,034 | -€13,166 | -26.8% |
| Financial fixed assets | 28 | €49,995 | - | -€49,995 | |
| Current assets | 29/58 | €48,097 | €154,067 | +€105,970 | +220.3% |
| Amounts receivable within one year | 40/41 | - | €800 | +€800 | |
| Trade receivables | 40 | - | €800 | +€800 | |
| Cash at bank and in hand | 54/58 | €47,066 | €152,087 | +€105,021 | +223.1% |
| Deferred charges and accrued income | 490/1 | €1,031 | €1,180 | +€149 | +14.4% |
| Total equity and liabilities | 10/49 | €156,986 | €197,392 | +€40,406 | +25.7% |
| Equity | 10/15 | €54,747 | €3,042 | -€51,705 | -94.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,747 | €42 | -€51,705 | -99.9% |
| Amounts payable | 17/49 | €102,239 | €194,350 | +€92,111 | +90.1% |
| Amounts payable after more than one year | 17 | €39,272 | €19,337 | -€19,934 | -50.8% |
| Financial debts | 170/4 | €39,272 | €19,337 | -€19,934 | -50.8% |
| Amounts payable within one year | 42/48 | €62,968 | €175,013 | +€112,045 | +177.9% |
| Current portion of amounts payable after more than one year | 42 | €19,276 | €19,934 | +€659 | +3.4% |
| Trade debts | 44 | €1,063 | €1,336 | +€273 | +25.6% |
| Suppliers | 440/4 | €1,063 | €1,336 | +€273 | +25.6% |
| Taxes, remuneration and social security | 45 | €3,072 | €33,845 | +€30,773 | +1001.8% |
| Taxes | 450/3 | €1,632 | €33,845 | +€32,213 | +1974.1% |
| Remuneration and social security | 454/9 | €1,440 | - | -€1,440 | |
| Other amounts payable | 47/48 | €39,557 | €119,897 | +€80,341 | +203.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,164 | €17,182 | +€19 | +0.1% |
| Other operating charges | 640/8 | €797 | €675 | -€122 | -15.3% |
| Gross operating margin | 9900 | €123,444 | €75,026 | -€48,418 | -39.2% |
| Operating profit (loss) | 9901 | €105,483 | €57,169 | -€48,315 | -45.8% |
| Financial income | 75/76B | €0 | €72,562 | +€72,562 | +725620200.0% |
| Recurring financial income | 75 | €0 | €72,562 | +€72,562 | +725620200.0% |
| Financial charges | 65/66B | €2,746 | €1,938 | -€808 | -29.4% |
| Recurring financial charges | 65 | €2,746 | €1,938 | -€808 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €102,737 | €127,792 | +€25,055 | +24.4% |
| Income taxes | 67/77 | €27,044 | €29,631 | +€2,587 | +9.6% |
| Profit (loss) for the period | 9904 | €75,694 | €98,161 | +€22,468 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,694 | €98,161 | +€22,468 | +29.7% |
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 8 October 2026 via checked.be.