TAFKO: 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.
TAFKO
Largest movements
- Cash +€20,889
up €20,889 (+36.7%), from €56,924 to €77,813
mainly Net result for the year (+€16,565) and Receivables within one year (+€6,290)
- Receivables within one year -€6,290
down €6,290 (-45.7%), from €13,761 to €7,471
of which Other amounts receivable: -€3,868
- Tangible fixed assets +€2,442
up €2,442 (+17.5%), from €13,989 to €16,431
of which Furniture and vehicles: +€3,998
- Reserves +€16,565
up €16,565 (+22.1%), from €74,984 to €91,549
- Trade debts +€1,943
up €1,943 (+668.0%), from €291 to €2,234
- Other debts -€1,186
down €1,186 (-11.2%), from €10,635 to €9,448
- Gross operating margin +€6,722
up €6,722 (+22.7%), from €29,622 to €36,344
- Taxes +€3,667
up €3,667 (+55.7%), from €6,587 to €10,254
- Financial charges +€1,546
up €1,546 (+808.9%), from €191 to €1,738
- Other operating charges +€1,043
up €1,043 (+30.8%), from €3,390 to €4,434
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 | €88,910 | €106,486 | +€17,576 | +19.8% |
| Fixed assets | 21/28 | €13,989 | €16,431 | +€2,442 | +17.5% |
| Tangible fixed assets | 22/27 | €13,989 | €16,431 | +€2,442 | +17.5% |
| Plant, machinery and equipment | 23 | €10,372 | €8,816 | -€1,556 | -15.0% |
| Furniture and vehicles | 24 | €3,616 | €7,614 | +€3,998 | +110.5% |
| Current assets | 29/58 | €74,921 | €90,055 | +€15,134 | +20.2% |
| Amounts receivable within one year | 40/41 | €13,761 | €7,471 | -€6,290 | -45.7% |
| Trade receivables | 40 | €7,300 | €4,877 | -€2,422 | -33.2% |
| Other amounts receivable | 41 | €6,462 | €2,593 | -€3,868 | -59.9% |
| Cash at bank and in hand | 54/58 | €56,924 | €77,813 | +€20,889 | +36.7% |
| Deferred charges and accrued income | 490/1 | €4,236 | €4,771 | +€535 | +12.6% |
| Total equity and liabilities | 10/49 | €88,910 | €106,486 | +€17,576 | +19.8% |
| Equity | 10/15 | €77,984 | €94,549 | +€16,565 | +21.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,984 | €91,549 | +€16,565 | +22.1% |
| Distributable reserves | 133 | €74,984 | €91,549 | +€16,565 | +22.1% |
| Amounts payable | 17/49 | €10,926 | €11,937 | +€1,011 | +9.3% |
| Amounts payable within one year | 42/48 | €10,926 | €11,937 | +€1,011 | +9.3% |
| Trade debts | 44 | €291 | €2,234 | +€1,943 | +668.0% |
| Suppliers | 440/4 | €291 | €2,234 | +€1,943 | +668.0% |
| Taxes, remuneration and social security | 45 | - | €254 | +€254 | |
| Taxes | 450/3 | - | €254 | +€254 | |
| Other amounts payable | 47/48 | €10,635 | €9,448 | -€1,186 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,040 | €3,354 | +€313 | +10.3% |
| Other operating charges | 640/8 | €3,390 | €4,434 | +€1,043 | +30.8% |
| Gross operating margin | 9900 | €29,622 | €36,344 | +€6,722 | +22.7% |
| Operating profit (loss) | 9901 | €23,191 | €28,557 | +€5,365 | +23.1% |
| Financial charges | 65/66B | €191 | €1,738 | +€1,546 | +808.9% |
| Recurring financial charges | 65 | €191 | €1,738 | +€1,546 | +808.9% |
| Profit (loss) for the period before taxes | 9903 | €23,000 | €26,819 | +€3,819 | +16.6% |
| Income taxes | 67/77 | €6,587 | €10,254 | +€3,667 | +55.7% |
| Profit (loss) for the period | 9904 | €16,413 | €16,565 | +€152 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,413 | €16,565 | +€152 | +0.9% |
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 7 October 2026 via checked.be.