TAFAM: 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.
TAFAM
Largest movements
- Cash -€99,810
down €99,810 (-58.3%), from €171,338 to €71,527
mainly Other debts (-€176,255) and Deferred charges and accrued income (-€8,887)
- Deferred charges and accrued income +€8,887
up €8,887 (+136.6%), from €6,504 to €15,391
- Tangible fixed assets -€3,272
down €3,272 (-6.6%), from €49,390 to €46,119
of which Other tangible fixed assets: -€5,738
- Receivables within one year -€3,010
down €3,010 (-6.0%), from €50,311 to €47,301
of which Trade receivables: -€7,776
- Other debts -€176,255
down €176,255 (-98.9%), from €178,159 to €1,904
- Reserves +€87,086
up €87,086 (+105.5%), from €82,510 to €169,596
- Accrued charges and deferred income -€7,038
no longer reported in 2025 (was €7,038)
- Tax, wage and social debts -€3,885
down €3,885 (-51.0%), from €7,612 to €3,727
of which Taxes: -€3,885
- Trade debts +€2,887
up €2,887 (+236.1%), from €1,223 to €4,110
- Financial charges -€6,958
down €6,958 (-83.3%), from €8,354 to €1,396
- Gross operating margin +€3,127
up €3,127 (+2.7%), from €117,226 to €120,353
- Financial income -€1,998
no longer reported in 2025 (was €1,998)
- Taxes +€1,658
up €1,658 (+7.4%), from €22,504 to €24,161
- Depreciation +€1,432
up €1,432 (+24.5%), from €5,856 to €7,288
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.
Cash bridge derived
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 | €277,542 | €180,338 | -€97,205 | -35.0% |
| Fixed assets | 21/28 | €49,390 | €46,119 | -€3,272 | -6.6% |
| Tangible fixed assets | 22/27 | €49,390 | €46,119 | -€3,272 | -6.6% |
| Plant, machinery and equipment | 23 | €1,157 | €3,623 | +€2,466 | +213.2% |
| Other tangible fixed assets | 26 | €48,234 | €42,496 | -€5,738 | -11.9% |
| Current assets | 29/58 | €228,152 | €134,219 | -€93,933 | -41.2% |
| Amounts receivable within one year | 40/41 | €50,311 | €47,301 | -€3,010 | -6.0% |
| Trade receivables | 40 | €50,311 | €42,534 | -€7,776 | -15.5% |
| Other amounts receivable | 41 | - | €4,767 | +€4,767 | |
| Cash at bank and in hand | 54/58 | €171,338 | €71,527 | -€99,810 | -58.3% |
| Deferred charges and accrued income | 490/1 | €6,504 | €15,391 | +€8,887 | +136.6% |
| Total equity and liabilities | 10/49 | €277,542 | €180,338 | -€97,205 | -35.0% |
| Equity | 10/15 | €83,510 | €170,596 | +€87,086 | +104.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €82,510 | €169,596 | +€87,086 | +105.5% |
| Distributable reserves | 133 | €82,510 | €169,596 | +€87,086 | +105.5% |
| Amounts payable | 17/49 | €194,032 | €9,742 | -€184,290 | -95.0% |
| Amounts payable within one year | 42/48 | €186,994 | €9,742 | -€177,252 | -94.8% |
| Trade debts | 44 | €1,223 | €4,110 | +€2,887 | +236.1% |
| Suppliers | 440/4 | €1,223 | €4,110 | +€2,887 | +236.1% |
| Taxes, remuneration and social security | 45 | €7,612 | €3,727 | -€3,885 | -51.0% |
| Taxes | 450/3 | €5,005 | €1,120 | -€3,885 | -77.6% |
| Remuneration and social security | 454/9 | €2,607 | €2,607 | = | 0.0% |
| Other amounts payable | 47/48 | €178,159 | €1,904 | -€176,255 | -98.9% |
| Accrued charges and deferred income | 492/3 | €7,038 | - | -€7,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,856 | €7,288 | +€1,432 | +24.5% |
| Other operating charges | 640/8 | - | €422 | +€422 | |
| Gross operating margin | 9900 | €117,226 | €120,353 | +€3,127 | +2.7% |
| Operating profit (loss) | 9901 | €111,370 | €112,642 | +€1,272 | +1.1% |
| Financial income | 75/76B | €1,998 | - | -€1,998 | |
| Recurring financial income | 75 | €1,998 | - | -€1,998 | |
| Financial charges | 65/66B | €8,354 | €1,396 | -€6,958 | -83.3% |
| Recurring financial charges | 65 | €8,354 | €1,396 | -€6,958 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €105,014 | €111,247 | +€6,233 | +5.9% |
| Income taxes | 67/77 | €22,504 | €24,161 | +€1,658 | +7.4% |
| Profit (loss) for the period | 9904 | €82,510 | €87,086 | +€4,575 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,510 | €87,086 | +€4,575 | +5.5% |
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 12 October 2026 via checked.be.