TAETS D.: 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.
TAETS D.
Largest movements
- Cash +€23,283
up €23,283 (+45.9%), from €50,772 to €74,055
mainly Net result for the year (+€24,451) and Depreciation (+€16,163)
- Tangible fixed assets -€16,163
down €16,163 (-11.0%), from €146,315 to €130,152
- Stocks and contracts +€11,344
up €11,344 (+75.6%), from €15,000 to €26,344
- Receivables within one year -€7,599
down €7,599 (-28.7%), from €26,473 to €18,874
of which Trade receivables: -€7,552
- Reserves +€24,451
up €24,451 (+19.8%), from €123,533 to €147,985
- Debts after one year -€18,891
down €18,891 (-21.4%), from €88,300 to €69,409
- Trade debts +€4,261
up €4,261 (+80.3%), from €5,305 to €9,566
- Gross operating margin -€21,318
down €21,318 (-27.2%), from €78,279 to €56,961
- Taxes -€4,986
down €4,986 (-26.9%), from €18,537 to €13,551
- Financial charges -€4,492
down €4,492 (-49.7%), from €9,033 to €4,541
of which Non-recurring financial charges: -€3,368
- Financial income -€823
down €823 (-19.2%), from €4,285 to €3,462
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 | €243,842 | €253,036 | +€9,194 | +3.8% |
| Fixed assets | 21/28 | €146,315 | €130,152 | -€16,163 | -11.0% |
| Tangible fixed assets | 22/27 | €146,315 | €130,152 | -€16,163 | -11.0% |
| Land and buildings | 22 | €129,045 | €121,757 | -€7,288 | -5.6% |
| Plant, machinery and equipment | 23 | €4,987 | €2,739 | -€2,248 | -45.1% |
| Furniture and vehicles | 24 | €2,496 | €1,424 | -€1,072 | -42.9% |
| Leasing and similar rights | 25 | €9,787 | €4,231 | -€5,556 | -56.8% |
| Current assets | 29/58 | €97,527 | €122,884 | +€25,357 | +26.0% |
| Stocks and contracts in progress | 3 | €15,000 | €26,344 | +€11,344 | +75.6% |
| Stocks | 30/36 | €15,000 | €26,344 | +€11,344 | +75.6% |
| Amounts receivable within one year | 40/41 | €26,473 | €18,874 | -€7,599 | -28.7% |
| Trade receivables | 40 | €15,845 | €8,292 | -€7,552 | -47.7% |
| Other amounts receivable | 41 | €10,629 | €10,582 | -€47 | -0.4% |
| Cash at bank and in hand | 54/58 | €50,772 | €74,055 | +€23,283 | +45.9% |
| Deferred charges and accrued income | 490/1 | €5,281 | €3,611 | -€1,671 | -31.6% |
| Total equity and liabilities | 10/49 | €243,842 | €253,036 | +€9,194 | +3.8% |
| Equity | 10/15 | €129,733 | €154,185 | +€24,451 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,533 | €147,985 | +€24,451 | +19.8% |
| Distributable reserves | 133 | €123,533 | €147,985 | +€24,451 | +19.8% |
| Amounts payable | 17/49 | €114,109 | €98,852 | -€15,257 | -13.4% |
| Amounts payable after more than one year | 17 | €88,300 | €69,409 | -€18,891 | -21.4% |
| Financial debts | 170/4 | €88,300 | €69,409 | -€18,891 | -21.4% |
| Amounts payable within one year | 42/48 | €25,809 | €29,443 | +€3,634 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €18,813 | €18,887 | +€73 | +0.4% |
| Trade debts | 44 | €5,305 | €9,566 | +€4,261 | +80.3% |
| Suppliers | 440/4 | €5,305 | €9,566 | +€4,261 | +80.3% |
| Advances received on contracts in progress | 46 | €252 | - | -€252 | |
| Taxes, remuneration and social security | 45 | - | €167 | +€167 | |
| Taxes | 450/3 | - | €167 | +€167 | |
| Other amounts payable | 47/48 | €1,438 | €823 | -€615 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,399 | €16,163 | -€236 | -1.4% |
| Other operating charges | 640/8 | €2,122 | €1,716 | -€406 | -19.1% |
| Gross operating margin | 9900 | €78,279 | €56,961 | -€21,318 | -27.2% |
| Operating profit (loss) | 9901 | €59,758 | €39,082 | -€20,677 | -34.6% |
| Financial income | 75/76B | €4,285 | €3,462 | -€823 | -19.2% |
| Recurring financial income | 75 | €4,285 | €3,462 | -€823 | -19.2% |
| Financial charges | 65/66B | €9,033 | €4,541 | -€4,492 | -49.7% |
| Recurring financial charges | 65 | €5,665 | €4,541 | -€1,124 | -19.8% |
| Non-recurring financial charges | 66B | €3,368 | - | -€3,368 | |
| Profit (loss) for the period before taxes | 9903 | €55,010 | €38,002 | -€17,008 | -30.9% |
| Income taxes | 67/77 | €18,537 | €13,551 | -€4,986 | -26.9% |
| Profit (loss) for the period | 9904 | €36,473 | €24,451 | -€12,022 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,473 | €24,451 | -€12,022 | -33.0% |
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 17 October 2026 via checked.be.