TACHUS: what changed
TACHUS
Largest movements
- Current investments -€100,000
down €100,000 (-80.0%), from €125,000 to €25,000
- Cash -€21,562
down €21,562 (-40.5%), from €53,197 to €31,635
mainly Contributions, distributions and other (-€140,000) and Tax, wage and social debts (-€20,462)
- Receivables within one year -€6,458
down €6,458 (-30.5%), from €21,145 to €14,687
of which Trade receivables: -€10,601
- Reserves -€97,164
down €97,164 (-59.6%), from €162,968 to €65,804
- Tax, wage and social debts -€20,462
down €20,462 (-77.8%), from €26,308 to €5,846
of which Taxes: -€18,457
- Trade debts -€16,392
down €16,392 (-86.0%), from €19,065 to €2,673
- Other debts +€3,885
up €3,885 (+155%), from €2,507 to €6,392
- Gross operating margin -€14,429
down €14,429 (-20.2%), from €71,421 to €56,992
- Depreciation +€3,201
up €3,201 (+371%), from €863 to €4,065
- Taxes -€2,709
down €2,709 (-18.9%), from €14,366 to €11,656
- Financial income +€2,678
new in 2025: €2,678
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,848 | €82,715 | -€130,133 | -61.1% |
| Fixed assets | 21/28 | €13,506 | €11,393 | -€2,113 | -15.6% |
| Tangible fixed assets | 22/27 | €13,506 | €11,393 | -€2,113 | -15.6% |
| Plant, machinery and equipment | 23 | €874 | €410 | -€464 | -53.1% |
| Furniture and vehicles | 24 | €12,632 | €10,982 | -€1,650 | -13.1% |
| Current assets | 29/58 | €199,342 | €71,322 | -€128,020 | -64.2% |
| Amounts receivable within one year | 40/41 | €21,145 | €14,687 | -€6,458 | -30.5% |
| Trade receivables | 40 | €21,145 | €10,544 | -€10,601 | -50.1% |
| Other amounts receivable | 41 | - | €4,143 | +€4,143 | |
| Current investments | 50/53 | €125,000 | €25,000 | -€100,000 | -80.0% |
| Cash at bank and in hand | 54/58 | €53,197 | €31,635 | -€21,562 | -40.5% |
| Total equity and liabilities | 10/49 | €212,848 | €82,715 | -€130,133 | -61.1% |
| Equity | 10/15 | €164,968 | €67,804 | -€97,164 | -58.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €162,968 | €65,804 | -€97,164 | -59.6% |
| Distributable reserves | 133 | €162,968 | €65,804 | -€97,164 | -59.6% |
| Amounts payable | 17/49 | €47,880 | €14,911 | -€32,969 | -68.9% |
| Amounts payable within one year | 42/48 | €47,880 | €14,911 | -€32,969 | -68.9% |
| Trade debts | 44 | €19,065 | €2,673 | -€16,392 | -86.0% |
| Suppliers | 440/4 | €19,065 | €2,673 | -€16,392 | -86.0% |
| Taxes, remuneration and social security | 45 | €26,308 | €5,846 | -€20,462 | -77.8% |
| Taxes | 450/3 | €24,303 | €5,846 | -€18,457 | -75.9% |
| Remuneration and social security | 454/9 | €2,005 | - | -€2,005 | |
| Other amounts payable | 47/48 | €2,507 | €6,392 | +€3,885 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €4,065 | +€3,201 | +371% |
| Other operating charges | 640/8 | €799 | €914 | +€114 | +14.3% |
| Gross operating margin | 9900 | €71,421 | €56,992 | -€14,429 | -20.2% |
| Operating profit (loss) | 9901 | €69,758 | €52,014 | -€17,745 | -25.4% |
| Financial income | 75/76B | - | €2,678 | +€2,678 | |
| Recurring financial income | 75 | - | €2,678 | +€2,678 | |
| Financial charges | 65/66B | €140 | €200 | +€60 | +42.6% |
| Recurring financial charges | 65 | €140 | €200 | +€60 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €69,618 | €54,492 | -€15,127 | -21.7% |
| Income taxes | 67/77 | €14,366 | €11,656 | -€2,709 | -18.9% |
| Profit (loss) for the period | 9904 | €55,253 | €42,836 | -€12,417 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,253 | €42,836 | -€12,417 | -22.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.