Tae Yeon: 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.
Tae Yeon
Largest movements
- Cash -€45,331
down €45,331 (-61.5%), from €73,697 to €28,366
mainly Contributions, distributions and other (-€224,972) and Current investments (-€23,564)
- Current investments +€23,564
up €23,564 (+4.0%), from €589,075 to €612,640
- Tangible fixed assets -€16,779
down €16,779 (-37.4%), from €44,857 to €28,078
of which Furniture and vehicles: -€16,575
- Reserves -€115,506
down €115,506 (-20.3%), from €569,543 to €454,037
- Other debts +€69,495
up €69,495 (+44.7%), from €155,477 to €224,972
- Gross operating margin -€39,827
down €39,827 (-18.7%), from €213,404 to €173,577
- Depreciation +€3,624
up €3,624 (+27.5%), from €13,155 to €16,779
- Financial charges +€2,666
up €2,666, from -€504 to €2,162
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 | €751,354 | €707,135 | -€44,219 | -5.9% |
| Fixed assets | 21/28 | €44,857 | €28,078 | -€16,779 | -37.4% |
| Tangible fixed assets | 22/27 | €44,857 | €28,078 | -€16,779 | -37.4% |
| Plant, machinery and equipment | 23 | €1,481 | €1,278 | -€203 | -13.7% |
| Furniture and vehicles | 24 | €43,376 | €26,800 | -€16,575 | -38.2% |
| Current assets | 29/58 | €706,497 | €679,058 | -€27,440 | -3.9% |
| Amounts receivable within one year | 40/41 | €35,339 | €32,417 | -€2,923 | -8.3% |
| Trade receivables | 40 | €30,279 | €32,053 | +€1,774 | +5.9% |
| Other amounts receivable | 41 | €5,060 | €363 | -€4,697 | -92.8% |
| Current investments | 50/53 | €589,075 | €612,640 | +€23,564 | +4.0% |
| Cash at bank and in hand | 54/58 | €73,697 | €28,366 | -€45,331 | -61.5% |
| Deferred charges and accrued income | 490/1 | €8,386 | €5,635 | -€2,750 | -32.8% |
| Total equity and liabilities | 10/49 | €751,354 | €707,135 | -€44,219 | -5.9% |
| Equity | 10/15 | €579,543 | €464,037 | -€115,506 | -19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €569,543 | €454,037 | -€115,506 | -20.3% |
| Distributable reserves | 133 | €569,543 | €454,037 | -€115,506 | -20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,811 | €243,098 | +€71,287 | +41.5% |
| Amounts payable within one year | 42/48 | €171,811 | €243,098 | +€71,287 | +41.5% |
| Trade debts | 44 | €692 | €498 | -€194 | -28.0% |
| Suppliers | 440/4 | €692 | €498 | -€194 | -28.0% |
| Taxes, remuneration and social security | 45 | €15,642 | €17,628 | +€1,986 | +12.7% |
| Taxes | 450/3 | €15,642 | €17,628 | +€1,986 | +12.7% |
| Other amounts payable | 47/48 | €155,477 | €224,972 | +€69,495 | +44.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,155 | €16,779 | +€3,624 | +27.5% |
| Other operating charges | 640/8 | €646 | €692 | +€46 | +7.2% |
| Non-recurring operating charges | 66A | €213 | €0 | -€213 | -100% |
| Gross operating margin | 9900 | €213,404 | €173,577 | -€39,827 | -18.7% |
| Operating profit (loss) | 9901 | €199,390 | €156,106 | -€43,284 | -21.7% |
| Financial income | 75/76B | €844 | €1,654 | +€811 | +96.1% |
| Recurring financial income | 75 | €844 | €1,654 | +€811 | +96.1% |
| Financial charges | 65/66B | -€504 | €2,162 | +€2,666 | |
| Recurring financial charges | 65 | -€504 | €2,162 | +€2,666 | |
| Profit (loss) for the period before taxes | 9903 | €200,737 | €155,598 | -€45,139 | -22.5% |
| Income taxes | 67/77 | €45,260 | €46,132 | +€872 | +1.9% |
| Profit (loss) for the period | 9904 | €155,477 | €109,466 | -€46,011 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,477 | €109,466 | -€46,011 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.