TADAG: 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.
TADAG
Largest movements
- Receivables within one year +€81,844
up €81,844, from €0 to €81,844
of which Trade receivables: +€81,844
- Cash +€50,190
up €50,190 (+401.9%), from €12,489 to €62,679
mainly Debts after one year (+€130,097) and Depreciation (+€13,053)
- Debts after one year +€130,097
up €130,097 (+65.9%), from €197,554 to €327,651
- Gross operating margin +€7,089
up €7,089 (+121.0%), from €5,857 to €12,946
- Depreciation -€2,923
down €2,923 (-18.3%), from €15,976 to €13,053
- Other operating charges +€831
up €831 (+89.3%), from €931 to €1,762
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 | €456,856 | €585,114 | +€128,258 | +28.1% |
| Fixed assets | 21/28 | €443,643 | €439,978 | -€3,666 | -0.8% |
| Tangible fixed assets | 22/27 | €443,643 | €439,978 | -€3,666 | -0.8% |
| Land and buildings | 22 | €443,643 | €439,978 | -€3,666 | -0.8% |
| Current assets | 29/58 | €13,212 | €145,136 | +€131,924 | +998.5% |
| Amounts receivable within one year | 40/41 | €0 | €81,844 | +€81,844 | |
| Trade receivables | 40 | - | €81,844 | +€81,844 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,489 | €62,679 | +€50,190 | +401.9% |
| Deferred charges and accrued income | 490/1 | €724 | €613 | -€111 | -15.3% |
| Total equity and liabilities | 10/49 | €456,856 | €585,114 | +€128,258 | +28.1% |
| Equity | 10/15 | €258,872 | €256,839 | -€2,033 | -0.8% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,128 | -€13,161 | -€2,033 | -18.3% |
| Amounts payable | 17/49 | €197,984 | €328,275 | +€130,291 | +65.8% |
| Amounts payable after more than one year | 17 | €197,554 | €327,651 | +€130,097 | +65.9% |
| Financial debts | 170/4 | €197,554 | €327,651 | +€130,097 | +65.9% |
| Amounts payable within one year | 42/48 | €431 | €625 | +€194 | +45.1% |
| Trade debts | 44 | €431 | €625 | +€194 | +45.1% |
| Suppliers | 440/4 | €431 | €625 | +€194 | +45.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,976 | €13,053 | -€2,923 | -18.3% |
| Other operating charges | 640/8 | €931 | €1,762 | +€831 | +89.3% |
| Gross operating margin | 9900 | €5,857 | €12,946 | +€7,089 | +121.0% |
| Operating profit (loss) | 9901 | -€11,050 | -€1,869 | +€9,181 | +83.1% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €78 | €184 | +€105 | +135.1% |
| Recurring financial charges | 65 | €78 | €184 | +€105 | +135.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,128 | -€2,033 | +€9,096 | +81.7% |
| Profit (loss) for the period | 9904 | -€11,128 | -€2,033 | +€9,096 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,128 | -€2,033 | +€9,096 | +81.7% |
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 5 October 2026 via checked.be.