TADZJIK: 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.
TADZJIK
Largest movements
- Tangible fixed assets +€35,776
up €35,776 (+257%), from €13,904 to €49,679
of which Furniture and vehicles: +€35,238
- Receivables within one year +€16,746
up €16,746 (+34.9%), from €47,981 to €64,727
of which Other amounts receivable: +€19,054
- Debts after one year +€36,486
new in 2025: €36,486
- Reserves +€10,161
up €10,161 (+2.2%), from €468,991 to €479,152
- Short-term financial debts +€6,753
new in 2025: €6,753
- Gross operating margin +€17,524
up €17,524 (+64.9%), from €26,997 to €44,521
- Taxes +€4,788
up €4,788 (+60.1%), from €7,961 to €12,750
- Depreciation -€2,813
down €2,813 (-29.7%), from €9,487 to €6,673
- Financial charges +€1,972
up €1,972 (+685%), from €288 to €2,260
of which Financial charges: +€1,605
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 | €517,515 | €568,157 | +€50,642 | +9.8% |
| Fixed assets | 21/28 | €14,350 | €50,125 | +€35,776 | +249% |
| Tangible fixed assets | 22/27 | €13,904 | €49,679 | +€35,776 | +257% |
| Plant, machinery and equipment | 23 | - | €537 | +€537 | |
| Furniture and vehicles | 24 | €13,904 | €49,142 | +€35,238 | +253% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €503,165 | €518,032 | +€14,866 | +3.0% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,981 | €64,727 | +€16,746 | +34.9% |
| Trade receivables | 40 | €8,788 | €6,480 | -€2,308 | -26.3% |
| Other amounts receivable | 41 | €39,193 | €58,247 | +€19,054 | +48.6% |
| Cash at bank and in hand | 54/58 | €4,449 | €2,798 | -€1,651 | -37.1% |
| Deferred charges and accrued income | 490/1 | €735 | €507 | -€228 | -31.1% |
| Total equity and liabilities | 10/49 | €517,515 | €568,157 | +€50,642 | +9.8% |
| Equity | 10/15 | €487,591 | €497,752 | +€10,161 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €468,991 | €479,152 | +€10,161 | +2.2% |
| Distributable reserves | 133 | €468,991 | €479,152 | +€10,161 | +2.2% |
| Amounts payable | 17/49 | €29,925 | €70,406 | +€40,481 | +135% |
| Amounts payable after more than one year | 17 | - | €36,486 | +€36,486 | |
| Financial debts | 170/4 | - | €36,486 | +€36,486 | |
| Amounts payable within one year | 42/48 | €29,634 | €33,620 | +€3,986 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €13,466 | €9,139 | -€4,327 | -32.1% |
| Financial debts | 43 | - | €6,753 | +€6,753 | |
| Credit institutions | 430/8 | - | €6,753 | +€6,753 | |
| Trade debts | 44 | €8,797 | €8,917 | +€120 | +1.4% |
| Suppliers | 440/4 | €8,797 | €8,917 | +€120 | +1.4% |
| Taxes, remuneration and social security | 45 | €7,371 | €8,811 | +€1,440 | +19.5% |
| Taxes | 450/3 | €7,371 | €8,811 | +€1,440 | +19.5% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,487 | €6,673 | -€2,813 | -29.7% |
| Other operating charges | 640/8 | €697 | €314 | -€383 | -54.9% |
| Gross operating margin | 9900 | €26,997 | €44,521 | +€17,524 | +64.9% |
| Operating profit (loss) | 9901 | €16,813 | €37,533 | +€20,720 | +123% |
| Financial income | 75/76B | €8,788 | €9,138 | +€349 | +4.0% |
| Recurring financial income | 75 | €8,788 | €9,138 | +€349 | +4.0% |
| Financial charges | 65/66B | €288 | €2,260 | +€1,972 | +685% |
| Recurring financial charges | 65 | €288 | €1,893 | +€1,605 | +558% |
| Non-recurring financial charges | 66B | - | €368 | +€368 | |
| Profit (loss) for the period before taxes | 9903 | €25,314 | €44,411 | +€19,097 | +75.4% |
| Income taxes | 67/77 | €7,961 | €12,750 | +€4,788 | +60.1% |
| Profit (loss) for the period | 9904 | €17,353 | €31,661 | +€14,308 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,353 | €31,661 | +€14,308 | +82.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.