TACHE D'OR: 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.
TACHE D'OR
Largest movements
- Cash -€28,742
down €28,742 (-36.4%), from €79,051 to €50,308
mainly Trade debts (-€30,700) and Debts after one year (-€10,244)
- Receivables within one year +€7,608
up €7,608 (+13.1%), from €58,286 to €65,893
of which Trade receivables: +€15,551
- Tangible fixed assets -€4,071
down €4,071 (-2.6%), from €153,931 to €149,860
of which Land and buildings: -€6,830
- Trade debts -€30,700
down €30,700 (-85.9%), from €35,748 to €5,048
- Tax, wage and social debts +€17,505
up €17,505 (+199.9%), from €8,755 to €26,260
of which Remuneration and social security: +€10,180
- Debts after one year -€10,244
down €10,244 (-8.7%), from €117,130 to €106,886
- Reserves -€6,177
down €6,177 (-5.9%), from €104,313 to €98,136
- Other debts +€3,649
up €3,649 (+38.8%), from €9,411 to €13,060
- Gross operating margin -€4,025
down €4,025 (-4.3%), from €92,796 to €88,771
- Write-downs +€4,000
new in 2025: €4,000
- Depreciation +€2,776
up €2,776 (+35.1%), from €7,906 to €10,682
- Staff costs +€2,663
up €2,663 (+3.9%), from €68,848 to €71,511
- Financial charges +€2,044
up €2,044 (+69.6%), from €2,935 to €4,979
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 | €291,962 | €266,139 | -€25,822 | -8.8% |
| Fixed assets | 21/28 | €153,931 | €149,860 | -€4,071 | -2.6% |
| Tangible fixed assets | 22/27 | €153,931 | €149,860 | -€4,071 | -2.6% |
| Land and buildings | 22 | €149,519 | €142,689 | -€6,830 | -4.6% |
| Plant, machinery and equipment | 23 | €1,992 | €996 | -€996 | -50.0% |
| Furniture and vehicles | 24 | €2,419 | €6,175 | +€3,756 | +155.2% |
| Current assets | 29/58 | €138,031 | €116,279 | -€21,752 | -15.8% |
| Amounts receivable within one year | 40/41 | €58,286 | €65,893 | +€7,608 | +13.1% |
| Trade receivables | 40 | €50,343 | €65,893 | +€15,551 | +30.9% |
| Other amounts receivable | 41 | €7,943 | - | -€7,943 | |
| Cash at bank and in hand | 54/58 | €79,051 | €50,308 | -€28,742 | -36.4% |
| Deferred charges and accrued income | 490/1 | €695 | €77 | -€617 | -88.9% |
| Total equity and liabilities | 10/49 | €291,962 | €266,139 | -€25,822 | -8.8% |
| Equity | 10/15 | €110,818 | €104,642 | -€6,177 | -5.6% |
| Contributions | 10/11 | €6,505 | €6,505 | = | 0.0% |
| Reserves | 13 | €104,313 | €98,136 | -€6,177 | -5.9% |
| Distributable reserves | 133 | €104,313 | €98,136 | -€6,177 | -5.9% |
| Amounts payable | 17/49 | €181,144 | €161,498 | -€19,646 | -10.8% |
| Amounts payable after more than one year | 17 | €117,130 | €106,886 | -€10,244 | -8.7% |
| Financial debts | 170/4 | €117,130 | €106,886 | -€10,244 | -8.7% |
| Amounts payable within one year | 42/48 | €64,014 | €54,612 | -€9,402 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €10,100 | €10,244 | +€144 | +1.4% |
| Trade debts | 44 | €35,748 | €5,048 | -€30,700 | -85.9% |
| Suppliers | 440/4 | €35,748 | €5,048 | -€30,700 | -85.9% |
| Taxes, remuneration and social security | 45 | €8,755 | €26,260 | +€17,505 | +199.9% |
| Taxes | 450/3 | €2,379 | €9,703 | +€7,325 | +307.9% |
| Remuneration and social security | 454/9 | €6,376 | €16,556 | +€10,180 | +159.7% |
| Other amounts payable | 47/48 | €9,411 | €13,060 | +€3,649 | +38.8% |
| Non-recurring operating income | 76A | €2,000 | €6,757 | +€4,757 | +237.8% |
| Remuneration, social security and pensions | 62 | €68,848 | €71,511 | +€2,663 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,906 | €10,682 | +€2,776 | +35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €2,103 | €2,728 | +€625 | +29.7% |
| Non-recurring operating charges | 66A | - | €521 | +€521 | |
| Gross operating margin | 9900 | €92,796 | €88,771 | -€4,025 | -4.3% |
| Operating profit (loss) | 9901 | €13,939 | -€671 | -€14,610 | |
| Financial income | 75/76B | €188 | €0 | -€188 | -100.0% |
| Recurring financial income | 75 | €188 | €0 | -€188 | -100.0% |
| Financial charges | 65/66B | €2,935 | €4,979 | +€2,044 | +69.6% |
| Recurring financial charges | 65 | €2,935 | €4,979 | +€2,044 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €11,192 | -€5,650 | -€16,842 | |
| Income taxes | 67/77 | €1,879 | €527 | -€1,352 | -72.0% |
| Profit (loss) for the period | 9904 | €9,313 | -€6,177 | -€15,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,313 | -€6,177 | -€15,490 |
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 9 October 2026 via checked.be.