TAF Construct: 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.
TAF Construct
Largest movements
- Receivables within one year -€324
down €324 (-100%), from €324 to €0
- Cash +€168
up €168 (+102%), from €165 to €333
mainly Other debts (+€647) and Receivables within one year (+€324)
- Profit (loss) carried forward -€1,006
down €1,006 (-3.3%), from -€30,226 to -€31,232
- Other debts +€647
up €647 (+3.5%), from €18,440 to €19,087
- Accrued charges and deferred income +€228
up €228 (+50.7%), from €450 to €678
- Trade debts -€25
down €25 (-100%), from €25 to €0
- Gross operating margin -€14,862
down €14,862 (-99.9%), from €14,883 to €20
- Financial charges -€8,000
down €8,000 (-94.9%), from €8,429 to €429
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 | €489 | €333 | -€156 | -31.9% |
| Current assets | 29/58 | €489 | €333 | -€156 | -31.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €324 | €0 | -€324 | -100% |
| Other amounts receivable | 41 | €324 | €0 | -€324 | -100% |
| Cash at bank and in hand | 54/58 | €165 | €333 | +€168 | +102% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €489 | €333 | -€156 | -31.9% |
| Equity | 10/15 | -€18,426 | -€19,432 | -€1,006 | -5.5% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,226 | -€31,232 | -€1,006 | -3.3% |
| Amounts payable | 17/49 | €18,915 | €19,765 | +€850 | +4.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,465 | €19,087 | +€622 | +3.4% |
| Trade debts | 44 | €25 | €0 | -€25 | -100% |
| Suppliers | 440/4 | €25 | €0 | -€25 | -100% |
| Other amounts payable | 47/48 | €18,440 | €19,087 | +€647 | +3.5% |
| Accrued charges and deferred income | 492/3 | €450 | €678 | +€228 | +50.7% |
| Other operating charges | 640/8 | €708 | €597 | -€110 | -15.6% |
| Gross operating margin | 9900 | €14,883 | €20 | -€14,862 | -99.9% |
| Operating profit (loss) | 9901 | €14,175 | -€577 | -€14,752 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,429 | €429 | -€8,000 | -94.9% |
| Recurring financial charges | 65 | €8,429 | €429 | -€8,000 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €5,746 | -€1,006 | -€6,752 | |
| Profit (loss) for the period | 9904 | €5,746 | -€1,006 | -€6,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,746 | -€1,006 | -€6,752 |
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 26 October 2026 via checked.be.