TADEK: 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.
TADEK
Largest movements
- Current investments +€50,500
new in 2025: €50,500
- Receivables within one year -€3,204
down €3,204 (-13.0%), from €24,700 to €21,496
of which Trade receivables: -€2,472
- Reserves +€33,804
up €33,804 (+24.5%), from €137,968 to €171,772
of which Distributable reserves: +€35,664
- Tax, wage and social debts +€5,550
up €5,550 (+1947.5%), from €285 to €5,835
- Profit (loss) carried forward +€4,277
no longer reported in 2025 (was -€4,277)
- Turnover -€192,947
no longer reported in 2025 (was €192,947)
- Purchases and services -€132,462
no longer reported in 2025 (was €132,462)
- Staff costs -€40,465
down €40,465 (-77.1%), from €52,465 to €12,000
- Taxes +€8,167
up €8,167 (+440.0%), from €1,856 to €10,023
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 | €143,551 | €187,320 | +€43,769 | +30.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €143,551 | €187,320 | +€43,769 | +30.5% |
| Amounts receivable within one year | 40/41 | €24,700 | €21,496 | -€3,204 | -13.0% |
| Trade receivables | 40 | €9,656 | €7,184 | -€2,472 | -25.6% |
| Other amounts receivable | 41 | €15,044 | €14,312 | -€732 | -4.9% |
| Current investments | 50/53 | - | €50,500 | +€50,500 | |
| Cash at bank and in hand | 54/58 | €111,841 | €110,018 | -€1,823 | -1.6% |
| Deferred charges and accrued income | 490/1 | €7,010 | €5,306 | -€1,704 | -24.3% |
| Total equity and liabilities | 10/49 | €143,551 | €187,320 | +€43,769 | +30.5% |
| Equity | 10/15 | €139,891 | €179,832 | +€39,941 | +28.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €137,968 | €171,772 | +€33,804 | +24.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €136,108 | €171,772 | +€35,664 | +26.2% |
| Profit (loss) carried forward | 14 | -€4,277 | - | +€4,277 | |
| Amounts payable | 17/49 | €3,660 | €7,488 | +€3,828 | +104.6% |
| Amounts payable within one year | 42/48 | €3,660 | €7,488 | +€3,828 | +104.6% |
| Trade debts | 44 | €3,375 | €1,653 | -€1,722 | -51.0% |
| Suppliers | 440/4 | €3,375 | €1,653 | -€1,722 | -51.0% |
| Taxes, remuneration and social security | 45 | €285 | €5,835 | +€5,550 | +1947.5% |
| Taxes | 450/3 | €285 | €5,835 | +€5,550 | +1947.5% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Turnover | 70 | €192,947 | - | -€192,947 | |
| Non-recurring operating income | 76A | €41 | €4 | -€37 | -90.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,462 | - | -€132,462 | |
| Remuneration, social security and pensions | 62 | €52,465 | €12,000 | -€40,465 | -77.1% |
| Other operating charges | 640/8 | €1,226 | €984 | -€242 | -19.7% |
| Gross operating margin | 9900 | €63,551 | €63,229 | -€322 | -0.5% |
| Operating profit (loss) | 9901 | €9,860 | €50,245 | +€40,385 | +409.6% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.4% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.4% |
| Financial charges | 65/66B | €749 | €281 | -€468 | -62.4% |
| Recurring financial charges | 65 | €749 | €281 | -€468 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €9,128 | €49,963 | +€40,835 | +447.4% |
| Income taxes | 67/77 | €1,856 | €10,023 | +€8,167 | +440.0% |
| Profit (loss) for the period | 9904 | €7,272 | €39,941 | +€32,669 | +449.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,272 | €39,941 | +€32,669 | +449.2% |
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 8 October 2026 via checked.be.