TACO SYSTEMS: what changed
Two fiscal 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.
TACO SYSTEMS
Largest movements
- Cash +€167,270
up €167,270 (+46.7%), from €358,155 to €525,425
mainly Trade debts (+€232,390) and Advances received (+€105,234)
- Receivables within one year +€93,802
up €93,802 (+35.1%), from €266,974 to €360,776
of which Trade receivables: +€144,292
- Stocks and contracts +€64,133
up €64,133 (+42.6%), from €150,465 to €214,597
- Tangible fixed assets -€54,235
down €54,235 (-5.4%), from €1.0m to €953,125
- Trade debts +€232,390
up €232,390 (+61.9%), from €375,615 to €608,004
- Advances received +€105,234
new in 2023: €105,234
- Profit (loss) carried forward -€86,029
down €86,029, from €62,470 to -€23,559
- Other debts +€76,402
up €76,402 (+165.8%), from €46,071 to €122,473
- Short-term financial debts +€75,000
up €75,000 (+91.4%), from €82,036 to €157,036
- Financial charges +€47,270
up €47,270 (+188.7%), from €25,047 to €72,317
- Gross operating margin +€31,571
up €31,571 (+11.3%), from €278,363 to €309,934
- Other operating charges +€13,908
up €13,908 (+277.8%), from €5,007 to €18,914
- Taxes +€5,727
new in 2023: €5,727
- Depreciation +€3,970
up €3,970 (+7.5%), from €53,239 to €57,208
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,801,313 | €2,083,179 | +€281,865 | +15.6% |
| Fixed assets | 21/28 | €1,010,838 | €956,603 | -€54,235 | -5.4% |
| Tangible fixed assets | 22/27 | €1,007,359 | €953,125 | -€54,235 | -5.4% |
| Land and buildings | 22 | €753,714 | €744,136 | -€9,578 | -1.3% |
| Plant, machinery and equipment | 23 | €133,296 | €117,658 | -€15,638 | -11.7% |
| Furniture and vehicles | 24 | €99,513 | €73,262 | -€26,251 | -26.4% |
| Other tangible fixed assets | 26 | €20,836 | €18,068 | -€2,768 | -13.3% |
| Financial fixed assets | 28 | €3,479 | €3,479 | = | 0.0% |
| Current assets | 29/58 | €790,475 | €1,126,575 | +€336,100 | +42.5% |
| Stocks and contracts in progress | 3 | €150,465 | €214,597 | +€64,133 | +42.6% |
| Stocks | 30/36 | €150,465 | €214,597 | +€64,133 | +42.6% |
| Amounts receivable within one year | 40/41 | €266,974 | €360,776 | +€93,802 | +35.1% |
| Trade receivables | 40 | €216,484 | €360,776 | +€144,292 | +66.7% |
| Other amounts receivable | 41 | €50,490 | - | -€50,490 | |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €358,155 | €525,425 | +€167,270 | +46.7% |
| Deferred charges and accrued income | 490/1 | €14,879 | €25,774 | +€10,895 | +73.2% |
| Total equity and liabilities | 10/49 | €1,801,313 | €2,083,179 | +€281,865 | +15.6% |
| Equity | 10/15 | €743,905 | €657,875 | -€86,029 | -11.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €569,490 | €569,490 | = | 0.0% |
| Reserves | 13 | €21,944 | €21,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,944 | €12,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,470 | -€23,559 | -€86,029 | |
| Amounts payable | 17/49 | €1,057,408 | €1,425,303 | +€367,895 | +34.8% |
| Amounts payable after more than one year | 17 | €188,126 | €197,690 | +€9,564 | +5.1% |
| Financial debts | 170/4 | €188,126 | €197,690 | +€9,564 | +5.1% |
| Amounts payable within one year | 42/48 | €869,282 | €1,226,423 | +€357,140 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €105,975 | €44,249 | -€61,726 | -58.2% |
| Financial debts | 43 | €82,036 | €157,036 | +€75,000 | +91.4% |
| Credit institutions | 430/8 | €82,036 | €157,036 | +€75,000 | +91.4% |
| Trade debts | 44 | €375,615 | €608,004 | +€232,390 | +61.9% |
| Suppliers | 440/4 | €375,615 | €608,004 | +€232,390 | +61.9% |
| Advances received on contracts in progress | 46 | - | €105,234 | +€105,234 | |
| Taxes, remuneration and social security | 45 | €259,585 | €189,427 | -€70,159 | -27.0% |
| Taxes | 450/3 | €191,177 | €127,982 | -€63,195 | -33.1% |
| Remuneration and social security | 454/9 | €68,408 | €61,445 | -€6,963 | -10.2% |
| Other amounts payable | 47/48 | €46,071 | €122,473 | +€76,402 | +165.8% |
| Accrued charges and deferred income | 492/3 | - | €1,190 | +€1,190 | |
| Non-recurring operating income | 76A | €16,957 | - | -€16,957 | |
| Remuneration, social security and pensions | 62 | €251,848 | €247,982 | -€3,866 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,239 | €57,208 | +€3,970 | +7.5% |
| Other operating charges | 640/8 | €5,007 | €18,914 | +€13,908 | +277.8% |
| Non-recurring operating charges | 66A | €1,120 | - | -€1,120 | |
| Gross operating margin | 9900 | €278,363 | €309,934 | +€31,571 | +11.3% |
| Operating profit (loss) | 9901 | -€32,850 | -€14,171 | +€18,680 | +56.9% |
| Financial income | 75/76B | €3,985 | €6,185 | +€2,201 | +55.2% |
| Recurring financial income | 75 | €3,985 | €6,185 | +€2,201 | +55.2% |
| Financial charges | 65/66B | €25,047 | €72,317 | +€47,270 | +188.7% |
| Recurring financial charges | 65 | €25,047 | €72,317 | +€47,270 | +188.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,913 | -€80,302 | -€26,389 | -48.9% |
| Income taxes | 67/77 | - | €5,727 | +€5,727 | |
| Profit (loss) for the period | 9904 | -€53,913 | -€86,029 | -€32,116 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,913 | -€86,029 | -€32,116 | -59.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.