Tado Tado: 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.
Tado Tado
Largest movements
- Receivables within one year -€74,895
down €74,895 (-66.3%), from €112,977 to €38,082
of which Other amounts receivable: -€77,171
- Cash -€68,583
down €68,583 (-29.4%), from €232,921 to €164,337
mainly Contributions, distributions and other (-€121,429) and Investment in fixed assets (net) (-€40,198)
- Current investments +€36,474
up €36,474 (+58.6%), from €62,199 to €98,674
- Deferred charges and accrued income +€13,058
up €13,058 (+391%), from €3,342 to €16,400
- Profit (loss) carried forward -€121,429
down €121,429 (-22.0%), from €551,200 to €429,771
- Reserves +€83,453
up €83,453 (+44.8%), from €186,110 to €269,563
of which Distributable reserves: +€83,453
- Debts after one year -€35,264
down €35,264 (-37.5%), from €94,098 to €58,834
- Tax, wage and social debts -€33,958
down €33,958 (-51.8%), from €65,574 to €31,617
- Taxes -€14,915
down €14,915 (-40.7%), from €36,647 to €21,732
- Depreciation +€9,487
up €9,487 (+32.6%), from €29,106 to €38,593
- Gross operating margin -€9,220
down €9,220 (-6.0%), from €153,134 to €143,914
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 | €964,243 | €871,903 | -€92,340 | -9.6% |
| Fixed assets | 21/28 | €413,304 | €414,910 | +€1,606 | +0.4% |
| Tangible fixed assets | 22/27 | €413,304 | €414,910 | +€1,606 | +0.4% |
| Land and buildings | 22 | €317,487 | €308,761 | -€8,726 | -2.7% |
| Furniture and vehicles | 24 | €95,818 | €106,149 | +€10,332 | +10.8% |
| Current assets | 29/58 | €550,939 | €456,993 | -€93,946 | -17.1% |
| Amounts receivable after more than one year | 29 | €139,500 | €139,500 | = | 0.0% |
| Other amounts receivable | 291 | €139,500 | €139,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,977 | €38,082 | -€74,895 | -66.3% |
| Trade receivables | 40 | €31,092 | €33,369 | +€2,276 | +7.3% |
| Other amounts receivable | 41 | €81,884 | €4,713 | -€77,171 | -94.2% |
| Current investments | 50/53 | €62,199 | €98,674 | +€36,474 | +58.6% |
| Cash at bank and in hand | 54/58 | €232,921 | €164,337 | -€68,583 | -29.4% |
| Deferred charges and accrued income | 490/1 | €3,342 | €16,400 | +€13,058 | +391% |
| Total equity and liabilities | 10/49 | €964,243 | €871,903 | -€92,340 | -9.6% |
| Equity | 10/15 | €755,910 | €717,934 | -€37,976 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,110 | €269,563 | +€83,453 | +44.8% |
| Tax-exempt reserves | 132 | €451 | €451 | = | 0.0% |
| Distributable reserves | 133 | €185,660 | €269,112 | +€83,453 | +44.9% |
| Profit (loss) carried forward | 14 | €551,200 | €429,771 | -€121,429 | -22.0% |
| Amounts payable | 17/49 | €208,332 | €153,968 | -€54,364 | -26.1% |
| Amounts payable after more than one year | 17 | €94,098 | €58,834 | -€35,264 | -37.5% |
| Financial debts | 170/4 | €94,098 | €58,834 | -€35,264 | -37.5% |
| Amounts payable within one year | 42/48 | €113,538 | €95,134 | -€18,403 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €34,347 | €35,264 | +€917 | +2.7% |
| Trade debts | 44 | €13,617 | €21,200 | +€7,583 | +55.7% |
| Suppliers | 440/4 | €13,617 | €21,200 | +€7,583 | +55.7% |
| Taxes, remuneration and social security | 45 | €65,574 | €31,617 | -€33,958 | -51.8% |
| Taxes | 450/3 | €65,574 | €31,617 | -€33,958 | -51.8% |
| Other amounts payable | 47/48 | - | €7,054 | +€7,054 | |
| Accrued charges and deferred income | 492/3 | €697 | €0 | -€697 | -100% |
| Non-recurring operating income | 76A | €142 | €9,917 | +€9,775 | +6,873% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,106 | €38,593 | +€9,487 | +32.6% |
| Other operating charges | 640/8 | €3,704 | €3,407 | -€297 | -8.0% |
| Gross operating margin | 9900 | €153,134 | €143,914 | -€9,220 | -6.0% |
| Operating profit (loss) | 9901 | €120,324 | €101,914 | -€18,409 | -15.3% |
| Financial income | 75/76B | €8,161 | €7,273 | -€888 | -10.9% |
| Recurring financial income | 75 | €8,161 | €7,273 | -€888 | -10.9% |
| Financial charges | 65/66B | €3,945 | €4,002 | +€57 | +1.4% |
| Recurring financial charges | 65 | €3,945 | €4,002 | +€57 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €124,540 | €105,185 | -€19,354 | -15.5% |
| Income taxes | 67/77 | €36,647 | €21,732 | -€14,915 | -40.7% |
| Profit (loss) for the period | 9904 | €87,893 | €83,453 | -€4,440 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,893 | €83,453 | -€4,440 | -5.1% |
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 30 October 2026 via checked.be.