TACTIEK: 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.
TACTIEK
Largest movements
- Receivables within one year +€75,153
up €75,153 (+47.0%), from €159,796 to €234,949
of which Trade receivables: +€51,148
- Receivables after one year +€40,000
up €40,000 (+56.2%), from €71,135 to €111,135
- Tangible fixed assets -€13,843
down €13,843 (-22.4%), from €61,758 to €47,915
- Trade debts +€97,681
up €97,681 (+1,015%), from €9,628 to €107,309
- Reserves +€16,184
up €16,184 (+9.6%), from €169,464 to €185,648
- Debts after one year -€12,515
down €12,515 (-29.7%), from €42,156 to €29,641
- Tax, wage and social debts -€7,323
down €7,323 (-12.4%), from €59,079 to €51,756
of which Taxes: -€5,643
- Other debts +€4,853
new in 2025: €4,853
- Gross operating margin -€157,622
down €157,622 (-78.7%), from €200,208 to €42,587
- Taxes -€33,022
down €33,022 (-79.6%), from €41,479 to €8,457
- Depreciation +€2,925
up €2,925 (+24.3%), from €12,048 to €14,973
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 | €298,034 | €396,721 | +€98,687 | +33.1% |
| Fixed assets | 21/28 | €61,758 | €47,915 | -€13,843 | -22.4% |
| Tangible fixed assets | 22/27 | €61,758 | €47,915 | -€13,843 | -22.4% |
| Furniture and vehicles | 24 | €61,758 | €47,915 | -€13,843 | -22.4% |
| Current assets | 29/58 | €236,276 | €348,806 | +€112,530 | +47.6% |
| Amounts receivable after more than one year | 29 | €71,135 | €111,135 | +€40,000 | +56.2% |
| Other amounts receivable | 291 | €71,135 | €111,135 | +€40,000 | +56.2% |
| Amounts receivable within one year | 40/41 | €159,796 | €234,949 | +€75,153 | +47.0% |
| Trade receivables | 40 | €151,124 | €202,272 | +€51,148 | +33.8% |
| Other amounts receivable | 41 | €8,672 | €32,677 | +€24,005 | +277% |
| Cash at bank and in hand | 54/58 | €5,038 | €1,670 | -€3,368 | -66.9% |
| Deferred charges and accrued income | 490/1 | €307 | €1,052 | +€745 | +243% |
| Total equity and liabilities | 10/49 | €298,034 | €396,721 | +€98,687 | +33.1% |
| Equity | 10/15 | €174,464 | €190,648 | +€16,184 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,464 | €185,648 | +€16,184 | +9.6% |
| Distributable reserves | 133 | €169,464 | €185,648 | +€16,184 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €123,570 | €206,073 | +€82,503 | +66.8% |
| Amounts payable after more than one year | 17 | €42,156 | €29,641 | -€12,515 | -29.7% |
| Financial debts | 170/4 | €42,156 | €29,641 | -€12,515 | -29.7% |
| Amounts payable within one year | 42/48 | €80,835 | €176,432 | +€95,598 | +118% |
| Current portion of amounts payable after more than one year | 42 | €12,128 | €12,515 | +€388 | +3.2% |
| Trade debts | 44 | €9,628 | €107,309 | +€97,681 | +1,015% |
| Suppliers | 440/4 | €9,628 | €107,309 | +€97,681 | +1,015% |
| Taxes, remuneration and social security | 45 | €59,079 | €51,756 | -€7,323 | -12.4% |
| Taxes | 450/3 | €57,399 | €51,756 | -€5,643 | -9.8% |
| Remuneration and social security | 454/9 | €1,680 | €0 | -€1,680 | -100% |
| Other amounts payable | 47/48 | - | €4,853 | +€4,853 | |
| Accrued charges and deferred income | 492/3 | €580 | €0 | -€580 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,048 | €14,973 | +€2,925 | +24.3% |
| Other operating charges | 640/8 | €1,461 | €1,064 | -€397 | -27.2% |
| Gross operating margin | 9900 | €200,208 | €42,587 | -€157,622 | -78.7% |
| Operating profit (loss) | 9901 | €186,700 | €26,550 | -€160,150 | -85.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,074 | €1,909 | -€165 | -8.0% |
| Recurring financial charges | 65 | €2,074 | €1,909 | -€165 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €184,626 | €24,641 | -€159,985 | -86.7% |
| Income taxes | 67/77 | €41,479 | €8,457 | -€33,022 | -79.6% |
| Profit (loss) for the period | 9904 | €143,147 | €16,184 | -€126,963 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €143,147 | €16,184 | -€126,963 | -88.7% |
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.