Taffigna: what changed
What changed
Taffigna
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€352,051
2024 · -€511,325+€159,274
Equity
€7.0m
2024 · €7.4m-€352,051
Cash
€674,807
2024 · €7,416+€667,391
Balance sheet total
€19.6m
2024 · €18.1m+€1.5m
Largest movements
Assets
- Cash +€667,391
up €667,391 (+8,999%), from €7,416 to €674,807
mainly Debts after one year (+€1.4m) and Short-term financial debts (+€601,368)
- Stocks and contracts +€597,118
up €597,118 (+16.3%), from €3.7m to €4.3m
- Receivables within one year +€324,975
up €324,975 (+38.3%), from €848,849 to €1.2m
of which Other amounts receivable: +€317,289
- Tangible fixed assets -€235,251
down €235,251 (-4.9%), from €4.8m to €4.5m
of which Land and buildings: -€232,991
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+115%), from €1.2m to €2.6m
of which Other amounts payable: +€1.0m
- Short-term financial debts +€601,368
up €601,368 (+7.3%), from €8.2m to €8.8m
of which Credit institutions: +€800,000
- Reserves -€352,051
down €352,051 (-4.8%), from €7.3m to €6.9m
of which Distributable reserves: -€352,051
Income statement
- Financial charges -€119,199
down €119,199 (-30.0%), from €397,946 to €278,748
- Depreciation -€24,091
down €24,091 (-9.3%), from €259,343 to €235,251
- Financial income +€18,008
up €18,008 (+164%), from €10,970 to €28,978
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€511,325
Gross operating margin
-€1,144
Depreciation
+€24,091
Other operating charges
-€975
Financial income
+€18,008
Financial charges
+€119,199
Taxes
+€95
Result 2025
-€352,051
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
-€106,250
Financing
+€2.0m
Cash 2024
€7,416
From operations (derived)
-€1.2m
Net result for the year
-€352,051
Depreciation
+€235,251
Stocks and contracts
-€597,118
Receivables within one year
-€324,975
Deferred charges and accrued income
-€15,760
Trade debts
-€131
Tax, wage and social debts
+€5,745
Other debts
-€189,202
Accrued charges and deferred income
+€8,126
Investment (derived)
-€106,250
Investment in fixed assets (net)
-€106,250
Financing
+€2.0m
Debts after one year
+€1.4m
Current portion of long-term debt
+€2,248
Short-term financial debts
+€601,368
Cash 2025
€674,807
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,135,375 | €19,611,619 | +€1.5m | +8.1% |
| Fixed assets | 21/28 | €13,605,704 | €13,476,702 | -€129,001 | -0.9% |
| Tangible fixed assets | 22/27 | €4,756,506 | €4,521,255 | -€235,251 | -4.9% |
| Land and buildings | 22 | €4,747,645 | €4,514,654 | -€232,991 | -4.9% |
| Plant, machinery and equipment | 23 | €1,564 | €197 | -€1,367 | -87.4% |
| Furniture and vehicles | 24 | €7,298 | €6,404 | -€894 | -12.2% |
| Financial fixed assets | 28 | €8,849,198 | €8,955,448 | +€106,250 | +1.2% |
| Current assets | 29/58 | €4,529,671 | €6,134,916 | +€1.6m | +35.4% |
| Stocks and contracts in progress | 3 | €3,661,798 | €4,258,917 | +€597,118 | +16.3% |
| Stocks | 30/36 | €3,661,798 | €4,258,917 | +€597,118 | +16.3% |
| Amounts receivable within one year | 40/41 | €848,849 | €1,173,824 | +€324,975 | +38.3% |
| Trade receivables | 40 | €87,199 | €94,885 | +€7,686 | +8.8% |
| Other amounts receivable | 41 | €761,650 | €1,078,939 | +€317,289 | +41.7% |
| Cash at bank and in hand | 54/58 | €7,416 | €674,807 | +€667,391 | +8,999% |
| Deferred charges and accrued income | 490/1 | €11,608 | €27,368 | +€15,760 | +136% |
| Total equity and liabilities | 10/49 | €18,135,375 | €19,611,619 | +€1.5m | +8.1% |
| Equity | 10/15 | €7,350,074 | €6,998,023 | -€352,051 | -4.8% |
| 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% |
| Reserves | 13 | €7,288,074 | €6,936,023 | -€352,051 | -4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,281,874 | €6,929,823 | -€352,051 | -4.8% |
| Amounts payable | 17/49 | €10,785,301 | €12,613,595 | +€1.8m | +17.0% |
| Amounts payable after more than one year | 17 | €1,221,273 | €2,621,414 | +€1.4m | +115% |
| Financial debts | 170/4 | €1,221,273 | €1,617,359 | +€396,086 | +32.4% |
| Other amounts payable | 178/9 | - | €1,004,055 | +€1.0m | |
| Amounts payable within one year | 42/48 | €9,485,347 | €9,905,375 | +€420,028 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €96,666 | €98,914 | +€2,248 | +2.3% |
| Financial debts | 43 | €8,248,268 | €8,849,636 | +€601,368 | +7.3% |
| Credit institutions | 430/8 | €6,310,000 | €7,110,000 | +€800,000 | +12.7% |
| Other loans | 439 | €1,938,268 | €1,739,636 | -€198,632 | -10.2% |
| Trade debts | 44 | €54,246 | €54,115 | -€131 | -0.2% |
| Suppliers | 440/4 | €54,246 | €54,115 | -€131 | -0.2% |
| Taxes, remuneration and social security | 45 | €4,770 | €10,514 | +€5,745 | +120% |
| Taxes | 450/3 | €4,770 | €10,514 | +€5,745 | +120% |
| Other amounts payable | 47/48 | €1,081,398 | €892,196 | -€189,202 | -17.5% |
| Accrued charges and deferred income | 492/3 | €78,681 | €86,807 | +€8,126 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,343 | €235,251 | -€24,091 | -9.3% |
| Other operating charges | 640/8 | €6,027 | €7,002 | +€975 | +16.2% |
| Gross operating margin | 9900 | €141,115 | €139,972 | -€1,144 | -0.8% |
| Operating profit (loss) | 9901 | -€124,254 | -€102,281 | +€21,972 | +17.7% |
| Financial income | 75/76B | €10,970 | €28,978 | +€18,008 | +164% |
| Recurring financial income | 75 | €10,970 | €28,978 | +€18,008 | +164% |
| Financial charges | 65/66B | €397,946 | €278,748 | -€119,199 | -30.0% |
| Recurring financial charges | 65 | €397,946 | €278,748 | -€119,199 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€511,230 | -€352,051 | +€159,179 | +31.1% |
| Income taxes | 67/77 | €95 | €0 | -€95 | -100% |
| Profit (loss) for the period | 9904 | -€511,325 | -€352,051 | +€159,274 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€511,325 | -€352,051 | +€159,274 | +31.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.