TACK-SINATTI: 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-SINATTI
Largest movements
- Tangible fixed assets +€197,579
up €197,579 (+40.1%), from €492,140 to €689,719
of which Land and buildings: +€200,335
- Debts after one year +€161,551
up €161,551 (+42.4%), from €381,206 to €542,757
- Current portion of long-term debt +€24,786
new in 2025: €24,786
- Reserves +€17,449
up €17,449 (+13.9%), from €125,093 to €142,542
- Gross operating margin +€24,388
up €24,388 (+60.6%), from €40,249 to €64,636
- Depreciation +€22,067
up €22,067 (+279%), from €7,896 to €29,964
- Financial charges +€6,774
up €6,774 (+67.5%), from €10,041 to €16,816
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 | €519,880 | €723,266 | +€203,385 | +39.1% |
| Fixed assets | 21/28 | €492,140 | €689,719 | +€197,579 | +40.1% |
| Tangible fixed assets | 22/27 | €492,140 | €689,719 | +€197,579 | +40.1% |
| Land and buildings | 22 | €473,391 | €673,727 | +€200,335 | +42.3% |
| Plant, machinery and equipment | 23 | €680 | €3,337 | +€2,657 | +390% |
| Furniture and vehicles | 24 | €18,068 | €12,656 | -€5,413 | -30.0% |
| Current assets | 29/58 | €27,740 | €33,547 | +€5,806 | +20.9% |
| Amounts receivable within one year | 40/41 | €5,744 | €8,480 | +€2,736 | +47.6% |
| Other amounts receivable | 41 | €5,744 | €8,480 | +€2,736 | +47.6% |
| Cash at bank and in hand | 54/58 | €16,904 | €16,573 | -€331 | -2.0% |
| Deferred charges and accrued income | 490/1 | €5,093 | €8,494 | +€3,401 | +66.8% |
| Total equity and liabilities | 10/49 | €519,880 | €723,266 | +€203,385 | +39.1% |
| Equity | 10/15 | €129,093 | €146,542 | +€17,449 | +13.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €125,093 | €142,542 | +€17,449 | +13.9% |
| Distributable reserves | 133 | €125,093 | €142,542 | +€17,449 | +13.9% |
| Amounts payable | 17/49 | €390,788 | €576,724 | +€185,936 | +47.6% |
| Amounts payable after more than one year | 17 | €381,206 | €542,757 | +€161,551 | +42.4% |
| Financial debts | 170/4 | €381,206 | €542,757 | +€161,551 | +42.4% |
| Amounts payable within one year | 42/48 | €9,582 | €33,967 | +€24,385 | +254% |
| Current portion of amounts payable after more than one year | 42 | - | €24,786 | +€24,786 | |
| Trade debts | 44 | €6,300 | €6,000 | -€299 | -4.7% |
| Suppliers | 440/4 | €6,300 | €6,000 | -€299 | -4.7% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €282 | €181 | -€101 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,896 | €29,964 | +€22,067 | +279% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €40,249 | €64,636 | +€24,388 | +60.6% |
| Operating profit (loss) | 9901 | €32,212 | €34,529 | +€2,317 | +7.2% |
| Financial charges | 65/66B | €10,041 | €16,816 | +€6,774 | +67.5% |
| Recurring financial charges | 65 | €10,041 | €16,816 | +€6,774 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €22,171 | €17,713 | -€4,457 | -20.1% |
| Income taxes | 67/77 | €256 | €264 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | €21,915 | €17,449 | -€4,465 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,915 | €17,449 | -€4,465 | -20.4% |
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 19 October 2026 via checked.be.