TAG GROUP: 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.
TAG GROUP
Largest movements
- Cash +€35,143
up €35,143 (+10040.8%), from €350 to €35,493
mainly Net result for the year (+€23,174) and Stocks and contracts (+€19,700)
- Stocks and contracts -€19,700
down €19,700 (-75.2%), from €26,200 to €6,500
- Receivables within one year +€13,936
up €13,936 (+356.3%), from €3,911 to €17,847
of which Trade receivables: +€14,203
- Tangible fixed assets +€5,175
new in 2025: €5,175
- Profit (loss) carried forward +€23,174
up €23,174, from -€4,975 to €18,198
- Tax, wage and social debts +€16,905
new in 2025: €16,905
- Other debts -€8,589
down €8,589 (-33.7%), from €25,470 to €16,881
- Trade debts +€2,898
up €2,898 (+46.8%), from €6,198 to €9,095
- Gross operating margin +€34,069
up €34,069, from -€4,904 to €29,166
- Taxes +€4,657
new in 2025: €4,657
- Depreciation +€906
new in 2025: €906
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 | €31,703 | €66,080 | +€34,377 | +108.4% |
| Fixed assets | 21/28 | €1,065 | €6,240 | +€5,175 | +486.1% |
| Tangible fixed assets | 22/27 | - | €5,175 | +€5,175 | |
| Plant, machinery and equipment | 23 | - | €5,175 | +€5,175 | |
| Financial fixed assets | 28 | €1,065 | €1,065 | = | 0.0% |
| Current assets | 29/58 | €30,638 | €59,840 | +€29,201 | +95.3% |
| Stocks and contracts in progress | 3 | €26,200 | €6,500 | -€19,700 | -75.2% |
| Stocks | 30/36 | €26,200 | €6,500 | -€19,700 | -75.2% |
| Amounts receivable within one year | 40/41 | €3,911 | €17,847 | +€13,936 | +356.3% |
| Trade receivables | 40 | €3,644 | €17,847 | +€14,203 | +389.8% |
| Other amounts receivable | 41 | €267 | - | -€267 | |
| Cash at bank and in hand | 54/58 | €350 | €35,493 | +€35,143 | +10040.8% |
| Deferred charges and accrued income | 490/1 | €177 | - | -€177 | |
| Total equity and liabilities | 10/49 | €31,703 | €66,080 | +€34,377 | +108.4% |
| Equity | 10/15 | €25 | €23,198 | +€23,174 | +93253.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,975 | €18,198 | +€23,174 | |
| Amounts payable | 17/49 | €31,678 | €42,881 | +€11,203 | +35.4% |
| Amounts payable within one year | 42/48 | €31,678 | €42,881 | +€11,203 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €11 | - | -€11 | |
| Trade debts | 44 | €6,198 | €9,095 | +€2,898 | +46.8% |
| Suppliers | 440/4 | €6,198 | €9,095 | +€2,898 | +46.8% |
| Taxes, remuneration and social security | 45 | - | €16,905 | +€16,905 | |
| Taxes | 450/3 | - | €16,905 | +€16,905 | |
| Other amounts payable | 47/48 | €25,470 | €16,881 | -€8,589 | -33.7% |
| Non-recurring operating income | 76A | - | €2,302 | +€2,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €906 | +€906 | |
| Other operating charges | 640/8 | - | €266 | +€266 | |
| Gross operating margin | 9900 | -€4,904 | €29,166 | +€34,069 | |
| Operating profit (loss) | 9901 | -€4,904 | €27,993 | +€32,897 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €72 | €168 | +€97 | +135.3% |
| Recurring financial charges | 65 | €72 | €168 | +€97 | +135.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,975 | €27,831 | +€32,806 | |
| Income taxes | 67/77 | - | €4,657 | +€4,657 | |
| Profit (loss) for the period | 9904 | -€4,975 | €23,174 | +€28,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,975 | €23,174 | +€28,149 |
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 9 October 2026 via checked.be.