TAD: 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.
TAD
Largest movements
- Receivables within one year +€81,000
up €81,000 (+2700.3%), from €3,000 to €84,000
of which Other amounts receivable: +€72,500
- Profit (loss) carried forward +€125,554
up €125,554 (+35.9%), from €349,789 to €475,343
- Debts after one year -€46,760
down €46,760 (-40.2%), from €116,357 to €69,598
- Other debts -€36,504
down €36,504 (-19.9%), from €183,227 to €146,723
- Tax, wage and social debts +€34,277
up €34,277 (+3245.8%), from €1,056 to €35,334
- Financial income -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Gross operating margin +€89,898
up €89,898 (+1513.5%), from €5,940 to €95,838
- Taxes +€15,774
new in 2025: €15,774
- Other operating charges +€1,966
new in 2025: €1,966
- Financial charges -€1,035
down €1,035 (-34.9%), from €2,962 to €1,927
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.
Cash bridge derived
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 | €1,047,850 | €1,127,024 | +€79,173 | +7.6% |
| Fixed assets | 21/28 | €1,040,133 | €1,042,112 | +€1,979 | +0.2% |
| Tangible fixed assets | 22/27 | €133 | €2,112 | +€1,979 | +1488.0% |
| Furniture and vehicles | 24 | €133 | €2,112 | +€1,979 | +1488.0% |
| Financial fixed assets | 28 | €1,040,000 | €1,040,000 | = | 0.0% |
| Current assets | 29/58 | €7,717 | €84,912 | +€77,195 | +1000.3% |
| Amounts receivable within one year | 40/41 | €3,000 | €84,000 | +€81,000 | +2700.3% |
| Trade receivables | 40 | €3,000 | €11,500 | +€8,500 | +283.4% |
| Other amounts receivable | 41 | - | €72,500 | +€72,500 | |
| Cash at bank and in hand | 54/58 | €4,717 | €912 | -€3,805 | -80.7% |
| Total equity and liabilities | 10/49 | €1,047,850 | €1,127,024 | +€79,173 | +7.6% |
| Equity | 10/15 | €701,039 | €826,593 | +€125,554 | +17.9% |
| Contributions | 10/11 | €351,250 | €351,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,789 | €475,343 | +€125,554 | +35.9% |
| Amounts payable | 17/49 | €346,812 | €300,430 | -€46,381 | -13.4% |
| Amounts payable after more than one year | 17 | €116,357 | €69,598 | -€46,760 | -40.2% |
| Financial debts | 170/4 | €116,357 | €69,598 | -€46,760 | -40.2% |
| Amounts payable within one year | 42/48 | €230,454 | €230,833 | +€379 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €46,172 | €46,760 | +€588 | +1.3% |
| Trade debts | 44 | - | €2,017 | +€2,017 | |
| Suppliers | 440/4 | - | €2,017 | +€2,017 | |
| Taxes, remuneration and social security | 45 | €1,056 | €35,334 | +€34,277 | +3245.8% |
| Taxes | 450/3 | €1,056 | €35,334 | +€34,277 | +3245.8% |
| Other amounts payable | 47/48 | €183,227 | €146,723 | -€36,504 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €616 | -€149 | -19.4% |
| Other operating charges | 640/8 | - | €1,966 | +€1,966 | |
| Gross operating margin | 9900 | €5,940 | €95,838 | +€89,898 | +1513.5% |
| Operating profit (loss) | 9901 | €5,175 | €93,256 | +€88,081 | +1702.1% |
| Financial income | 75/76B | €150,000 | €50,000 | -€100,000 | -66.7% |
| Recurring financial income | 75 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Financial charges | 65/66B | €2,962 | €1,927 | -€1,035 | -34.9% |
| Recurring financial charges | 65 | €2,962 | €1,927 | -€1,035 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €152,213 | €141,328 | -€10,884 | -7.2% |
| Income taxes | 67/77 | - | €15,774 | +€15,774 | |
| Profit (loss) for the period | 9904 | €152,213 | €125,554 | -€26,658 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,213 | €125,554 | -€26,658 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.