TAFIAC: what changed
Two fiscal 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.
TAFIAC
Largest movements
- Cash -€35,660
down €35,660 (-56.4%), from €63,180 to €27,521
mainly Contributions, distributions and other (-€49,671) and Current investments (-€30,000)
- Current investments +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Tangible fixed assets +€5,273
up €5,273 (+212.5%), from €2,481 to €7,754
- Deferred charges and accrued income -€1,451
down €1,451 (-53.0%), from €2,738 to €1,288
- Tax, wage and social debts -€10,565
down €10,565 (-38.9%), from €27,142 to €16,577
of which Taxes: -€10,592
- Other debts +€8,995
up €8,995 (+309.6%), from €2,906 to €11,900
- Gross operating margin +€7,343
up €7,343 (+11.6%), from €63,511 to €70,854
- Financial income -€2,722
down €2,722 (-70.5%), from €3,859 to €1,137
- Depreciation +€2,181
up €2,181 (+164.6%), from €1,325 to €3,506
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 | €130,536 | €128,796 | -€1,741 | -1.3% |
| Fixed assets | 21/28 | €2,481 | €7,754 | +€5,273 | +212.5% |
| Tangible fixed assets | 22/27 | €2,481 | €7,754 | +€5,273 | +212.5% |
| Furniture and vehicles | 24 | €2,481 | €7,754 | +€5,273 | +212.5% |
| Current assets | 29/58 | €128,055 | €121,041 | -€7,013 | -5.5% |
| Amounts receivable within one year | 40/41 | €12,136 | €12,233 | +€97 | +0.8% |
| Trade receivables | 40 | €12,136 | €12,233 | +€97 | +0.8% |
| Current investments | 50/53 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €63,180 | €27,521 | -€35,660 | -56.4% |
| Deferred charges and accrued income | 490/1 | €2,738 | €1,288 | -€1,451 | -53.0% |
| Total equity and liabilities | 10/49 | €130,536 | €128,796 | -€1,741 | -1.3% |
| Equity | 10/15 | €99,688 | €99,688 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €99,687 | €99,687 | = | 0.0% |
| Distributable reserves | 133 | €99,687 | €99,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,848 | €29,107 | -€1,741 | -5.6% |
| Amounts payable within one year | 42/48 | €30,848 | €29,107 | -€1,741 | -5.6% |
| Trade debts | 44 | €800 | €630 | -€170 | -21.3% |
| Suppliers | 440/4 | €800 | €630 | -€170 | -21.3% |
| Taxes, remuneration and social security | 45 | €27,142 | €16,577 | -€10,565 | -38.9% |
| Taxes | 450/3 | €25,427 | €14,836 | -€10,592 | -41.7% |
| Remuneration and social security | 454/9 | €1,715 | €1,741 | +€26 | +1.5% |
| Other amounts payable | 47/48 | €2,906 | €11,900 | +€8,995 | +309.6% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €3,506 | +€2,181 | +164.6% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €63,511 | €70,854 | +€7,343 | +11.6% |
| Operating profit (loss) | 9901 | €61,658 | €66,805 | +€5,147 | +8.3% |
| Financial income | 75/76B | €3,859 | €1,137 | -€2,722 | -70.5% |
| Recurring financial income | 75 | €3,859 | €1,137 | -€2,722 | -70.5% |
| Financial charges | 65/66B | €447 | €448 | +€1 | +0.2% |
| Recurring financial charges | 65 | €447 | €448 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €65,070 | €67,494 | +€2,424 | +3.7% |
| Income taxes | 67/77 | €18,281 | €17,823 | -€458 | -2.5% |
| Profit (loss) for the period | 9904 | €46,790 | €49,671 | +€2,882 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,790 | €49,671 | +€2,882 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.