TACOS PRODUCTION: 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.
What changed
TACOS PRODUCTION
NACE 58.210, Publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€557,735
2024 · -€526,080-€31,655
Equity
€1.5m
2024 · €2.0m-€557,735
Cash
€52,946
2024 · €62,048-€9,102
Balance sheet total
€8.4m
2024 · €8.8m-€391,746
Largest movements
Assets
- Tangible fixed assets -€320,907
down €320,907 (-3.8%), from €8.4m to €8.1m
of which Land and buildings: -€300,791
Equity and liabilities
- Profit (loss) carried forward -€557,735
down €557,735 (-41.6%), from €1.3m to €783,228
- Other debts +€151,757
up €151,757 (+2.4%), from €6.4m to €6.6m
Income statement
- Gross operating margin -€55,654
down €55,654 (-49.9%), from €111,485 to €55,830
- Financial charges -€15,694
down €15,694 (-40.7%), from €38,553 to €22,859
- Depreciation -€13,295
down €13,295 (-3.1%), from €435,460 to €422,165
- Financial income -€10,730
down €10,730 (-99.7%), from €10,759 to €30
of which Non-recurring financial income: -€10,744
- Staff costs -€6,330
down €6,330 (-4.5%), from €140,688 to €134,359
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.
Result 2024
-€526,080
Gross operating margin
-€55,654
Staff costs
+€6,330
Depreciation
+€13,295
Provisions
-€655
Other operating charges
+€517
Financial income
-€10,730
Financial charges
+€15,694
Taxes
-€452
Result 2025
-€557,735
raises the resultlowers the result
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.
From operations
+€92,156
Investment
-€101,258
Financing
€0
Cash 2024
€62,048
From operations (derived)
+€92,156
Net result for the year
-€557,735
Depreciation
+€422,165
Receivables within one year
+€59,265
Deferred charges and accrued income
+€2,472
Provisions
-€3,324
Trade debts
+€18,941
Smaller working-capital items
-€1,385
Other debts
+€151,757
Investment (derived)
-€101,258
Investment in fixed assets (net)
-€101,258
Cash 2025
€52,946
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,817,210 | €8,425,464 | -€391,746 | -4.4% |
| Fixed assets | 21/28 | €8,411,211 | €8,090,304 | -€320,907 | -3.8% |
| Tangible fixed assets | 22/27 | €8,410,571 | €8,089,664 | -€320,907 | -3.8% |
| Land and buildings | 22 | €7,985,699 | €7,684,908 | -€300,791 | -3.8% |
| Plant, machinery and equipment | 23 | €258,581 | €307,433 | +€48,851 | +18.9% |
| Furniture and vehicles | 24 | €166,290 | €97,323 | -€68,967 | -41.5% |
| Financial fixed assets | 28 | €640 | €640 | = | 0.0% |
| Current assets | 29/58 | €406,000 | €335,161 | -€70,839 | -17.4% |
| Amounts receivable within one year | 40/41 | €327,007 | €267,742 | -€59,265 | -18.1% |
| Trade receivables | 40 | €74,244 | €76,500 | +€2,256 | +3.0% |
| Other amounts receivable | 41 | €252,764 | €191,242 | -€61,521 | -24.3% |
| Cash at bank and in hand | 54/58 | €62,048 | €52,946 | -€9,102 | -14.7% |
| Deferred charges and accrued income | 490/1 | €16,944 | €14,473 | -€2,472 | -14.6% |
| Total equity and liabilities | 10/49 | €8,817,210 | €8,425,464 | -€391,746 | -4.4% |
| Equity | 10/15 | €2,011,423 | €1,453,688 | -€557,735 | -27.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €650,000 | €650,000 | = | 0.0% |
| Distributable reserves | 133 | €650,000 | €650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,340,963 | €783,228 | -€557,735 | -41.6% |
| Provisions and deferred taxes | 16 | €239,096 | €235,772 | -€3,324 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €239,096 | €235,772 | -€3,324 | -1.4% |
| Other liabilities and charges | 164/5 | €239,096 | €235,772 | -€3,324 | -1.4% |
| Amounts payable | 17/49 | €6,566,691 | €6,736,004 | +€169,314 | +2.6% |
| Amounts payable after more than one year | 17 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,562,399 | €6,732,444 | +€170,046 | +2.6% |
| Trade debts | 44 | €102,695 | €121,636 | +€18,941 | +18.4% |
| Suppliers | 440/4 | €102,695 | €121,636 | +€18,941 | +18.4% |
| Taxes, remuneration and social security | 45 | €17,497 | €16,844 | -€653 | -3.7% |
| Taxes | 450/3 | €1,450 | €1,850 | +€400 | +27.6% |
| Remuneration and social security | 454/9 | €16,047 | €14,994 | -€1,053 | -6.6% |
| Other amounts payable | 47/48 | €6,442,207 | €6,593,964 | +€151,757 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,892 | €2,160 | -€732 | -25.3% |
| Remuneration, social security and pensions | 62 | €140,688 | €134,359 | -€6,330 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,460 | €422,165 | -€13,295 | -3.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,980 | -€3,324 | +€655 | +16.5% |
| Other operating charges | 640/8 | €35,735 | €35,218 | -€517 | -1.4% |
| Gross operating margin | 9900 | €111,485 | €55,830 | -€55,654 | -49.9% |
| Operating profit (loss) | 9901 | -€496,419 | -€532,587 | -€36,168 | -7.3% |
| Financial income | 75/76B | €10,759 | €30 | -€10,730 | -99.7% |
| Recurring financial income | 75 | €16 | €30 | +€14 | +91.6% |
| Non-recurring financial income | 76B | €10,744 | - | -€10,744 | |
| Financial charges | 65/66B | €38,553 | €22,859 | -€15,694 | -40.7% |
| Recurring financial charges | 65 | €38,553 | €22,859 | -€15,694 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€524,213 | -€555,416 | -€31,204 | -6.0% |
| Income taxes | 67/77 | €1,867 | €2,319 | +€452 | +24.2% |
| Profit (loss) for the period | 9904 | -€526,080 | -€557,735 | -€31,655 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€526,080 | -€557,735 | -€31,655 | -6.0% |
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 14 October 2026 via checked.be.