TACKTIMO: 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.
TACKTIMO
Largest movements
- Receivables within one year +€113,363
up €113,363 (+79.7%), from €142,197 to €255,560
of which Trade receivables: +€97,492
- Tangible fixed assets +€99,677
up €99,677 (+40.8%), from €244,046 to €343,723
of which Leasing and similar rights: +€74,793
- Stocks and contracts +€14,872
up €14,872 (+80.0%), from €18,594 to €33,466
- Debts after one year +€81,123
up €81,123 (+39.3%), from €206,350 to €287,473
- Reserves +€66,299
up €66,299 (+69.9%), from €94,847 to €161,146
- Trade debts +€55,091
up €55,091 (+83.6%), from €65,882 to €120,973
- Current portion of long-term debt +€17,255
up €17,255 (+59.7%), from €28,892 to €46,147
- Tax, wage and social debts +€13,902
up €13,902 (+36.1%), from €38,505 to €52,407
of which Taxes: +€10,262
- Staff costs +€14,487
up €14,487 (+27.8%), from €52,083 to €66,570
- Depreciation -€13,959
down €13,959 (-38.5%), from €36,242 to €22,283
- Financial charges +€3,532
up €3,532 (+41.2%), from €8,564 to €12,096
- Gross operating margin +€3,109
up €3,109 (+1.6%), from €193,530 to €196,639
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 | €450,277 | €684,726 | +€234,449 | +52.1% |
| Fixed assets | 21/28 | €245,282 | €344,959 | +€99,677 | +40.6% |
| Tangible fixed assets | 22/27 | €244,046 | €343,723 | +€99,677 | +40.8% |
| Land and buildings | 22 | €193,222 | €206,375 | +€13,153 | +6.8% |
| Plant, machinery and equipment | 23 | €1,102 | €12,835 | +€11,732 | +1,064% |
| Leasing and similar rights | 25 | €49,721 | €124,514 | +€74,793 | +150% |
| Financial fixed assets | 28 | €1,236 | €1,236 | = | 0.0% |
| Current assets | 29/58 | €204,995 | €339,767 | +€134,772 | +65.7% |
| Stocks and contracts in progress | 3 | €18,594 | €33,466 | +€14,872 | +80.0% |
| Stocks | 30/36 | €18,594 | €33,466 | +€14,872 | +80.0% |
| Amounts receivable within one year | 40/41 | €142,197 | €255,560 | +€113,363 | +79.7% |
| Trade receivables | 40 | €124,506 | €221,998 | +€97,492 | +78.3% |
| Other amounts receivable | 41 | €17,691 | €33,562 | +€15,871 | +89.7% |
| Cash at bank and in hand | 54/58 | €39,512 | €44,428 | +€4,915 | +12.4% |
| Deferred charges and accrued income | 490/1 | €4,691 | €6,313 | +€1,622 | +34.6% |
| Total equity and liabilities | 10/49 | €450,277 | €684,726 | +€234,449 | +52.1% |
| Equity | 10/15 | €109,847 | €176,146 | +€66,299 | +60.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €94,847 | €161,146 | +€66,299 | +69.9% |
| Distributable reserves | 133 | €94,847 | €161,146 | +€66,299 | +69.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €340,430 | €508,580 | +€168,150 | +49.4% |
| Amounts payable after more than one year | 17 | €206,350 | €287,473 | +€81,123 | +39.3% |
| Financial debts | 170/4 | €206,350 | €287,473 | +€81,123 | +39.3% |
| Amounts payable within one year | 42/48 | €134,080 | €221,107 | +€87,027 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €28,892 | €46,147 | +€17,255 | +59.7% |
| Trade debts | 44 | €65,882 | €120,973 | +€55,091 | +83.6% |
| Suppliers | 440/4 | €65,882 | €120,973 | +€55,091 | +83.6% |
| Taxes, remuneration and social security | 45 | €38,505 | €52,407 | +€13,902 | +36.1% |
| Taxes | 450/3 | €31,483 | €41,746 | +€10,262 | +32.6% |
| Remuneration and social security | 454/9 | €7,022 | €10,662 | +€3,640 | +51.8% |
| Other amounts payable | 47/48 | €801 | €1,580 | +€779 | +97.3% |
| Remuneration, social security and pensions | 62 | €52,083 | €66,570 | +€14,487 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,242 | €22,283 | -€13,959 | -38.5% |
| Other operating charges | 640/8 | €704 | €1,914 | +€1,210 | +172% |
| Non-recurring operating charges | 66A | - | €1,701 | +€1,701 | |
| Gross operating margin | 9900 | €193,530 | €196,639 | +€3,109 | +1.6% |
| Operating profit (loss) | 9901 | €104,502 | €104,171 | -€331 | -0.3% |
| Financial income | 75/76B | €1 | €5 | +€4 | +481% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +481% |
| Financial charges | 65/66B | €8,564 | €12,096 | +€3,532 | +41.2% |
| Recurring financial charges | 65 | €8,564 | €12,096 | +€3,532 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €95,939 | €92,080 | -€3,859 | -4.0% |
| Income taxes | 67/77 | €25,321 | €24,115 | -€1,207 | -4.8% |
| Profit (loss) for the period | 9904 | €70,618 | €67,965 | -€2,653 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,618 | €67,965 | -€2,653 | -3.8% |
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 21 October 2026 via checked.be.