TACK PLANTS: 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.
TACK PLANTS
Largest movements
- Receivables within one year +€2.4m
up €2.4m (+949%), from €255,688 to €2.7m
of which Trade receivables: +€2.5m
- Cash -€634,017
down €634,017 (-90.4%), from €701,340 to €67,323
mainly Receivables within one year (-€2.4m) and Current investments (-€100,000)
- Stocks and contracts -€465,029
down €465,029 (-44.3%), from €1.1m to €584,971
- Tangible fixed assets -€123,829
down €123,829 (-28.0%), from €442,604 to €318,775
of which Plant, machinery and equipment: -€64,829
- Deferred charges and accrued income -€105,167
down €105,167 (-97.4%), from €107,935 to €2,769
- Reserves +€447,982
up €447,982 (+29.5%), from €1.5m to €2.0m
of which Tax-exempt reserves: +€231,550
- Trade debts +€413,689
up €413,689 (+188%), from €219,689 to €633,378
- Other debts +€360,192
up €360,192 (+427%), from €84,271 to €444,463
- Gross operating margin -€419,982
down €419,982 (-37.7%), from €1.1m to €695,468
- Taxes -€85,493
down €85,493 (-36.6%), from €233,369 to €147,876
- Financial income +€25,288
up €25,288 (+1,425%), from €1,775 to €27,063
- Staff costs -€15,182
down €15,182, from €14,480 to -€702
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 | €2,557,767 | €3,755,937 | +€1.2m | +46.8% |
| Fixed assets | 21/28 | €442,804 | €318,975 | -€123,829 | -28.0% |
| Tangible fixed assets | 22/27 | €442,604 | €318,775 | -€123,829 | -28.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €228,168 | €163,339 | -€64,829 | -28.4% |
| Furniture and vehicles | 24 | €214,436 | €155,436 | -€59,000 | -27.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,114,963 | €3,436,962 | +€1.3m | +62.5% |
| Stocks and contracts in progress | 3 | €1,050,000 | €584,971 | -€465,029 | -44.3% |
| Stocks | 30/36 | €1,050,000 | €584,971 | -€465,029 | -44.3% |
| Amounts receivable within one year | 40/41 | €255,688 | €2,681,899 | +€2.4m | +949% |
| Trade receivables | 40 | €204,471 | €2,676,468 | +€2.5m | +1,209% |
| Other amounts receivable | 41 | €51,217 | €5,431 | -€45,786 | -89.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €701,340 | €67,323 | -€634,017 | -90.4% |
| Deferred charges and accrued income | 490/1 | €107,935 | €2,769 | -€105,167 | -97.4% |
| Total equity and liabilities | 10/49 | €2,557,767 | €3,755,937 | +€1.2m | +46.8% |
| Equity | 10/15 | €2,224,519 | €2,672,501 | +€447,982 | +20.1% |
| Contributions | 10/11 | €706,321 | €706,321 | = | 0.0% |
| Reserves | 13 | €1,518,197 | €1,966,179 | +€447,982 | +29.5% |
| Tax-exempt reserves | 132 | €1,007,430 | €1,238,980 | +€231,550 | +23.0% |
| Distributable reserves | 133 | €510,768 | €727,200 | +€216,432 | +42.4% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €333,248 | €1,083,436 | +€750,188 | +225% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €326,545 | €1,083,436 | +€756,891 | +232% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €219,689 | €633,378 | +€413,689 | +188% |
| Suppliers | 440/4 | €219,689 | €633,378 | +€413,689 | +188% |
| Taxes, remuneration and social security | 45 | €22,585 | €5,596 | -€16,989 | -75.2% |
| Taxes | 450/3 | €21,617 | €5,596 | -€16,021 | -74.1% |
| Remuneration and social security | 454/9 | €968 | €0 | -€968 | -100% |
| Other amounts payable | 47/48 | €84,271 | €444,463 | +€360,192 | +427% |
| Accrued charges and deferred income | 492/3 | €6,703 | €0 | -€6,703 | -100% |
| Non-recurring operating income | 76A | €0 | €52,500 | +€52,500 | |
| Remuneration, social security and pensions | 62 | €14,480 | -€702 | -€15,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,890 | €123,829 | -€1,062 | -0.8% |
| Other operating charges | 640/8 | €8,694 | €620 | -€8,074 | -92.9% |
| Non-recurring operating charges | 66A | €7,052 | €0 | -€7,052 | -100% |
| Gross operating margin | 9900 | €1,115,450 | €695,468 | -€419,982 | -37.7% |
| Operating profit (loss) | 9901 | €960,334 | €571,722 | -€388,612 | -40.5% |
| Financial income | 75/76B | €1,775 | €27,063 | +€25,288 | +1,425% |
| Recurring financial income | 75 | €1,775 | €27,063 | +€25,288 | +1,425% |
| Financial charges | 65/66B | €11,308 | €2,928 | -€8,381 | -74.1% |
| Recurring financial charges | 65 | €11,308 | €2,928 | -€8,381 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €950,800 | €595,858 | -€354,943 | -37.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €233,369 | €147,876 | -€85,493 | -36.6% |
| Profit (loss) for the period | 9904 | €717,432 | €447,982 | -€269,450 | -37.6% |
| Transfer to tax-exempt reserves | 689 | €282,070 | €231,550 | -€50,520 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €435,362 | €216,432 | -€218,930 | -50.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.