TAFICON: 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.
TAFICON
Largest movements
- Current investments -€126,268
no longer reported in 2025 (was €126,268)
- Cash -€27,271
down €27,271 (-27.5%), from €99,220 to €71,949
mainly Contributions, distributions and other (-€231,499) and Tax, wage and social debts (-€6,862)
- Receivables within one year +€4,715
up €4,715 (+25.6%), from €18,401 to €23,116
of which Other amounts receivable: +€2,722
- Reserves -€143,816
down €143,816 (-62.1%), from €231,499 to €87,683
- Tax, wage and social debts -€6,862
no longer reported in 2025 (was €6,862)
- Financial income +€6,580
up €6,580 (+449.8%), from €1,463 to €8,043
- Gross operating margin +€3,004
up €3,004 (+2.9%), from €104,134 to €107,138
- Financial charges +€2,133
up €2,133 (+5461.6%), from €39 to €2,172
- Taxes +€1,437
up €1,437 (+6.3%), from €22,757 to €24,195
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 | €251,269 | €100,501 | -€150,768 | -60.0% |
| Fixed assets | 21/28 | €964 | €217 | -€747 | -77.5% |
| Tangible fixed assets | 22/27 | €964 | €217 | -€747 | -77.5% |
| Plant, machinery and equipment | 23 | €964 | €217 | -€747 | -77.5% |
| Current assets | 29/58 | €250,305 | €100,284 | -€150,021 | -59.9% |
| Amounts receivable within one year | 40/41 | €18,401 | €23,116 | +€4,715 | +25.6% |
| Trade receivables | 40 | €17,852 | €19,845 | +€1,993 | +11.2% |
| Other amounts receivable | 41 | €549 | €3,271 | +€2,722 | +495.4% |
| Current investments | 50/53 | €126,268 | - | -€126,268 | |
| Cash at bank and in hand | 54/58 | €99,220 | €71,949 | -€27,271 | -27.5% |
| Deferred charges and accrued income | 490/1 | €6,416 | €5,220 | -€1,197 | -18.6% |
| Total equity and liabilities | 10/49 | €251,269 | €100,501 | -€150,768 | -60.0% |
| Equity | 10/15 | €241,499 | €97,683 | -€143,816 | -59.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €231,499 | €87,683 | -€143,816 | -62.1% |
| Distributable reserves | 133 | €231,499 | €87,683 | -€143,816 | -62.1% |
| Amounts payable | 17/49 | €9,770 | €2,818 | -€6,952 | -71.2% |
| Amounts payable within one year | 42/48 | €9,770 | €2,818 | -€6,952 | -71.2% |
| Trade debts | 44 | €2,908 | €2,818 | -€90 | -3.1% |
| Suppliers | 440/4 | €2,908 | €2,818 | -€90 | -3.1% |
| Taxes, remuneration and social security | 45 | €6,862 | - | -€6,862 | |
| Taxes | 450/3 | €6,862 | - | -€6,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €747 | = | 0.0% |
| Other operating charges | 640/8 | €683 | €384 | -€299 | -43.8% |
| Gross operating margin | 9900 | €104,134 | €107,138 | +€3,004 | +2.9% |
| Operating profit (loss) | 9901 | €102,704 | €106,007 | +€3,303 | +3.2% |
| Financial income | 75/76B | €1,463 | €8,043 | +€6,580 | +449.8% |
| Recurring financial income | 75 | €1,463 | €8,043 | +€6,580 | +449.8% |
| Financial charges | 65/66B | €39 | €2,172 | +€2,133 | +5461.6% |
| Recurring financial charges | 65 | €39 | €2,172 | +€2,133 | +5461.6% |
| Profit (loss) for the period before taxes | 9903 | €104,128 | €111,878 | +€7,751 | +7.4% |
| Income taxes | 67/77 | €22,757 | €24,195 | +€1,437 | +6.3% |
| Profit (loss) for the period | 9904 | €81,370 | €87,683 | +€6,313 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,370 | €87,683 | +€6,313 | +7.8% |
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 3 October 2026 via checked.be.