TADAM: 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.
TADAM
Largest movements
- Tangible fixed assets +€53,256
up €53,256 (+659%), from €8,076 to €61,332
of which Leasing and similar rights: +€56,246
- Cash +€32,100
up €32,100 (+28.9%), from €110,938 to €143,038
mainly Net result for the year (+€77,633) and Debts after one year (+€30,767)
- Receivables within one year +€4,618
up €4,618 (+18.2%), from €25,336 to €29,954
of which Other amounts receivable: +€3,585
- Debts after one year +€30,767
new in 2025: €30,767
of which Financial debts: +€27,679
- Reserves +€28,100
up €28,100 (+34.1%), from €82,360 to €110,460
- Other debts +€19,500
up €19,500 (+65.0%), from €30,000 to €49,500
- Current portion of long-term debt +€11,429
new in 2025: €11,429
- Tax, wage and social debts +€4,489
up €4,489 (+41.6%), from €10,795 to €15,284
- Gross operating margin +€43,591
up €43,591 (+50.1%), from €87,045 to €130,636
- Taxes +€9,685
up €9,685 (+41.6%), from €23,286 to €32,971
- Depreciation +€4,327
up €4,327 (+44.3%), from €9,760 to €14,087
- Other operating charges +€3,168
up €3,168 (+188%), from €1,683 to €4,851
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 | €148,680 | €239,372 | +€90,692 | +61.0% |
| Fixed assets | 21/28 | €8,076 | €61,332 | +€53,256 | +659% |
| Tangible fixed assets | 22/27 | €8,076 | €61,332 | +€53,256 | +659% |
| Furniture and vehicles | 24 | €8,076 | €5,086 | -€2,990 | -37.0% |
| Leasing and similar rights | 25 | - | €56,246 | +€56,246 | |
| Current assets | 29/58 | €140,604 | €178,040 | +€37,436 | +26.6% |
| Amounts receivable within one year | 40/41 | €25,336 | €29,954 | +€4,618 | +18.2% |
| Trade receivables | 40 | €23,941 | €24,974 | +€1,033 | +4.3% |
| Other amounts receivable | 41 | €1,395 | €4,980 | +€3,585 | +257% |
| Cash at bank and in hand | 54/58 | €110,938 | €143,038 | +€32,100 | +28.9% |
| Deferred charges and accrued income | 490/1 | €4,330 | €5,048 | +€718 | +16.6% |
| Total equity and liabilities | 10/49 | €148,680 | €239,372 | +€90,692 | +61.0% |
| Equity | 10/15 | €101,782 | €129,915 | +€28,133 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,360 | €110,460 | +€28,100 | +34.1% |
| Distributable reserves | 133 | €82,360 | €110,460 | +€28,100 | +34.1% |
| Profit (loss) carried forward | 14 | €13,222 | €13,255 | +€33 | +0.2% |
| Amounts payable | 17/49 | €46,898 | €109,457 | +€62,559 | +133% |
| Amounts payable after more than one year | 17 | - | €30,767 | +€30,767 | |
| Financial debts | 170/4 | - | €27,679 | +€27,679 | |
| Other amounts payable | 178/9 | - | €3,088 | +€3,088 | |
| Amounts payable within one year | 42/48 | €46,855 | €78,143 | +€31,288 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,429 | +€11,429 | |
| Trade debts | 44 | €6,060 | €1,930 | -€4,130 | -68.2% |
| Suppliers | 440/4 | €6,060 | €1,930 | -€4,130 | -68.2% |
| Taxes, remuneration and social security | 45 | €10,795 | €15,284 | +€4,489 | +41.6% |
| Taxes | 450/3 | €10,795 | €15,284 | +€4,489 | +41.6% |
| Other amounts payable | 47/48 | €30,000 | €49,500 | +€19,500 | +65.0% |
| Accrued charges and deferred income | 492/3 | €43 | €547 | +€504 | +1,172% |
| Non-recurring operating income | 76A | - | €15,688 | +€15,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,760 | €14,087 | +€4,327 | +44.3% |
| Other operating charges | 640/8 | €1,683 | €4,851 | +€3,168 | +188% |
| Non-recurring operating charges | 66A | - | €308 | +€308 | |
| Gross operating margin | 9900 | €87,045 | €130,636 | +€43,591 | +50.1% |
| Operating profit (loss) | 9901 | €75,602 | €111,390 | +€35,788 | +47.3% |
| Financial income | 75/76B | €419 | €638 | +€219 | +52.3% |
| Recurring financial income | 75 | €419 | €638 | +€219 | +52.3% |
| Financial charges | 65/66B | €291 | €1,424 | +€1,133 | +389% |
| Recurring financial charges | 65 | €291 | €1,424 | +€1,133 | +389% |
| Profit (loss) for the period before taxes | 9903 | €75,730 | €110,604 | +€34,874 | +46.1% |
| Income taxes | 67/77 | €23,286 | €32,971 | +€9,685 | +41.6% |
| Profit (loss) for the period | 9904 | €52,444 | €77,633 | +€25,189 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,444 | €77,633 | +€25,189 | +48.0% |
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 19 October 2026 via checked.be.