Taeson: 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.
Taeson
Largest movements
- Tangible fixed assets +€330,994
up €330,994 (+30.0%), from €1.1m to €1.4m
of which Land and buildings: +€333,265
- Deferred charges and accrued income +€117,000
new in 2025: €117,000
- Receivables within one year +€31,103
up €31,103 (+29.2%), from €106,414 to €137,516
- Cash +€20,125
up €20,125 (+2,194%), from €917 to €21,043
mainly Debts after one year (+€427,342) and Depreciation (+€65,890)
- Debts after one year +€427,342
new in 2025: €427,342
- Trade debts +€56,028
new in 2025: €56,028
- Other debts -€31,873
down €31,873 (-12.8%), from €248,053 to €216,180
- Accrued charges and deferred income +€24,000
new in 2025: €24,000
- Current portion of long-term debt +€22,658
new in 2025: €22,658
- Depreciation +€32,179
up €32,179 (+95.5%), from €33,711 to €65,890
- Gross operating margin +€31,042
up €31,042 (+56.4%), from €55,001 to €86,044
- Financial charges +€9,996
up €9,996 (+1,814%), from €551 to €10,547
- Taxes -€2,892
down €2,892 (-91.0%), from €3,177 to €285
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 | €1,211,404 | €1,710,626 | +€499,222 | +41.2% |
| Fixed assets | 21/28 | €1,104,073 | €1,435,067 | +€330,994 | +30.0% |
| Tangible fixed assets | 22/27 | €1,104,073 | €1,435,067 | +€330,994 | +30.0% |
| Land and buildings | 22 | €1,096,255 | €1,429,520 | +€333,265 | +30.4% |
| Plant, machinery and equipment | 23 | €7,818 | €5,547 | -€2,270 | -29.0% |
| Current assets | 29/58 | €107,331 | €275,559 | +€168,228 | +157% |
| Amounts receivable within one year | 40/41 | €106,414 | €137,516 | +€31,103 | +29.2% |
| Other amounts receivable | 41 | €106,414 | €137,516 | +€31,103 | +29.2% |
| Cash at bank and in hand | 54/58 | €917 | €21,043 | +€20,125 | +2,194% |
| Deferred charges and accrued income | 490/1 | - | €117,000 | +€117,000 | |
| Total equity and liabilities | 10/49 | €1,211,404 | €1,710,626 | +€499,222 | +41.2% |
| Equity | 10/15 | €960,175 | €960,957 | +€782 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €729,328 | €729,328 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,646 | €163,429 | +€782 | +0.5% |
| Amounts payable | 17/49 | €251,230 | €749,669 | +€498,440 | +198% |
| Amounts payable after more than one year | 17 | - | €427,342 | +€427,342 | |
| Financial debts | 170/4 | - | €427,342 | +€427,342 | |
| Amounts payable within one year | 42/48 | €251,230 | €298,327 | +€47,097 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €22,658 | +€22,658 | |
| Trade debts | 44 | - | €56,028 | +€56,028 | |
| Suppliers | 440/4 | - | €56,028 | +€56,028 | |
| Taxes, remuneration and social security | 45 | €3,177 | €3,461 | +€285 | +9.0% |
| Taxes | 450/3 | €3,177 | €3,461 | +€285 | +9.0% |
| Other amounts payable | 47/48 | €248,053 | €216,180 | -€31,873 | -12.8% |
| Accrued charges and deferred income | 492/3 | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,711 | €65,890 | +€32,179 | +95.5% |
| Other operating charges | 640/8 | €9,092 | €8,540 | -€552 | -6.1% |
| Gross operating margin | 9900 | €55,001 | €86,044 | +€31,042 | +56.4% |
| Operating profit (loss) | 9901 | €12,198 | €11,614 | -€585 | -4.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €551 | €10,547 | +€9,996 | +1,814% |
| Recurring financial charges | 65 | €551 | €10,547 | +€9,996 | +1,814% |
| Profit (loss) for the period before taxes | 9903 | €11,657 | €1,067 | -€10,590 | -90.8% |
| Income taxes | 67/77 | €3,177 | €285 | -€2,892 | -91.0% |
| Profit (loss) for the period | 9904 | €8,480 | €782 | -€7,698 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,480 | €782 | -€7,698 | -90.8% |
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 15 October 2026 via checked.be.