TAFAMA: 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.
TAFAMA
Largest movements
- Cash +€30,713
up €30,713 (+20.5%), from €150,178 to €180,891
mainly Net result for the year (+€45,394) and Accrued charges and deferred income (+€8,465)
- Receivables within one year +€24,598
up €24,598 (+31.1%), from €79,124 to €103,722
- Reserves +€45,394
up €45,394 (+7.0%), from €651,621 to €697,014
- Gross operating margin -€23,262
down €23,262 (-17.5%), from €132,620 to €109,357
- Financial charges +€8,447
up €8,447 (+24.5%), from €34,476 to €42,923
- Taxes -€7,512
down €7,512 (-28.3%), from €26,518 to €19,006
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 | €1,294,758 | €1,352,752 | +€57,994 | +4.5% |
| Fixed assets | 21/28 | €1,063,532 | €1,065,081 | +€1,549 | +0.1% |
| Tangible fixed assets | 22/27 | €4,232 | €5,781 | +€1,549 | +36.6% |
| Plant, machinery and equipment | 23 | €4,232 | €5,781 | +€1,549 | +36.6% |
| Financial fixed assets | 28 | €1,059,300 | €1,059,300 | = | 0.0% |
| Current assets | 29/58 | €231,226 | €287,671 | +€56,445 | +24.4% |
| Amounts receivable within one year | 40/41 | €79,124 | €103,722 | +€24,598 | +31.1% |
| Trade receivables | 40 | €79,124 | €103,722 | +€24,598 | +31.1% |
| Cash at bank and in hand | 54/58 | €150,178 | €180,891 | +€30,713 | +20.5% |
| Deferred charges and accrued income | 490/1 | €1,924 | €3,058 | +€1,134 | +58.9% |
| Total equity and liabilities | 10/49 | €1,294,758 | €1,352,752 | +€57,994 | +4.5% |
| Equity | 10/15 | €670,221 | €715,614 | +€45,394 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €651,621 | €697,014 | +€45,394 | +7.0% |
| Distributable reserves | 133 | €651,621 | €697,014 | +€45,394 | +7.0% |
| Amounts payable | 17/49 | €624,537 | €637,137 | +€12,600 | +2.0% |
| Amounts payable within one year | 42/48 | €590,322 | €594,457 | +€4,135 | +0.7% |
| Trade debts | 44 | €3,499 | €1,588 | -€1,911 | -54.6% |
| Suppliers | 440/4 | €3,499 | €1,588 | -€1,911 | -54.6% |
| Taxes, remuneration and social security | 45 | €29,074 | €31,197 | +€2,124 | +7.3% |
| Taxes | 450/3 | €25,389 | €27,494 | +€2,106 | +8.3% |
| Remuneration and social security | 454/9 | €3,685 | €3,703 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €557,749 | €561,672 | +€3,923 | +0.7% |
| Accrued charges and deferred income | 492/3 | €34,215 | €42,681 | +€8,465 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €1,355 | +€49 | +3.8% |
| Other operating charges | 640/8 | €1,220 | €1,239 | +€18 | +1.5% |
| Gross operating margin | 9900 | €132,620 | €109,357 | -€23,262 | -17.5% |
| Operating profit (loss) | 9901 | €130,093 | €106,763 | -€23,330 | -17.9% |
| Financial income | 75/76B | €69 | €559 | +€491 | +715% |
| Recurring financial income | 75 | €69 | €559 | +€491 | +715% |
| Financial charges | 65/66B | €34,476 | €42,923 | +€8,447 | +24.5% |
| Recurring financial charges | 65 | €34,476 | €42,923 | +€8,447 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €95,686 | €64,400 | -€31,286 | -32.7% |
| Income taxes | 67/77 | €26,518 | €19,006 | -€7,512 | -28.3% |
| Profit (loss) for the period | 9904 | €69,169 | €45,394 | -€23,775 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,169 | €45,394 | -€23,775 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.