TAGA GROUP: what changed
Two financial 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.
TAGA GROUP
Largest movements
- Tangible fixed assets +€263,142
up €263,142 (+10,916%), from €2,411 to €265,553
of which Land and buildings: +€238,381
- Stocks and contracts +€109,227
new in 2025: €109,227
- Receivables after one year -€105,049
no longer reported in 2025 (was €105,049)
of which Other amounts receivable: -€105,049
- Receivables within one year -€58,105
down €58,105 (-84.1%), from €69,106 to €11,001
of which Trade receivables: -€58,031
- Intangible fixed assets +€37,774
new in 2025: €37,774
- Debts after one year +€239,000
new in 2025: €239,000
- Profit (loss) carried forward +€9,833
up €9,833 (+65.2%), from €15,071 to €24,905
- Other debts -€9,788
down €9,788 (-35.4%), from €27,650 to €17,862
- Gross operating margin -€47,127
down €47,127 (-68.4%), from €68,850 to €21,723
- Depreciation +€4,379
up €4,379 (+272%), from €1,610 to €5,989
- Taxes -€2,964
down €2,964 (-48.2%), from €6,155 to €3,191
- Staff costs +€2,910
up €2,910, from -€650 to €2,260
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.
Derived cash bridge
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 | €213,107 | €451,068 | +€237,960 | +112% |
| Fixed assets | 21/28 | €7,619 | €308,535 | +€300,917 | +3,950% |
| Intangible fixed assets | 21 | - | €37,774 | +€37,774 | |
| Tangible fixed assets | 22/27 | €2,411 | €265,553 | +€263,142 | +10,916% |
| Land and buildings | 22 | - | €238,381 | +€238,381 | |
| Furniture and vehicles | 24 | €2,411 | €5,701 | +€3,291 | +137% |
| Other tangible fixed assets | 26 | - | €21,471 | +€21,471 | |
| Financial fixed assets | 28 | €5,208 | €5,208 | = | 0.0% |
| Current assets | 29/58 | €205,489 | €142,532 | -€62,956 | -30.6% |
| Amounts receivable after more than one year | 29 | €105,049 | - | -€105,049 | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €105,049 | - | -€105,049 | |
| Stocks and contracts in progress | 3 | - | €109,227 | +€109,227 | |
| Stocks | 30/36 | - | €109,227 | +€109,227 | |
| Amounts receivable within one year | 40/41 | €69,106 | €11,001 | -€58,105 | -84.1% |
| Trade receivables | 40 | €68,750 | €10,719 | -€58,031 | -84.4% |
| Other amounts receivable | 41 | €356 | €281 | -€74 | -20.9% |
| Cash at bank and in hand | 54/58 | €31,103 | €20,972 | -€10,131 | -32.6% |
| Deferred charges and accrued income | 490/1 | €231 | €1,332 | +€1,102 | +477% |
| Total equity and liabilities | 10/49 | €213,107 | €451,068 | +€237,960 | +112% |
| Equity | 10/15 | €133,786 | €143,620 | +€9,833 | +7.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €114,715 | €114,715 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,453 | €77,453 | = | 0.0% |
| Distributable reserves | 133 | €37,262 | €37,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,071 | €24,905 | +€9,833 | +65.2% |
| Provisions and deferred taxes | 16 | €19,363 | €19,363 | = | 0.0% |
| Deferred taxes | 168 | €19,363 | €19,363 | = | 0.0% |
| Amounts payable | 17/49 | €59,957 | €288,085 | +€228,127 | +380% |
| Amounts payable after more than one year | 17 | - | €239,000 | +€239,000 | |
| Financial debts | 170/4 | - | €239,000 | +€239,000 | |
| Amounts payable within one year | 42/48 | €59,957 | €49,085 | -€10,873 | -18.1% |
| Trade debts | 44 | €19,342 | €19,928 | +€586 | +3.0% |
| Suppliers | 440/4 | €19,342 | €19,928 | +€586 | +3.0% |
| Taxes, remuneration and social security | 45 | €12,966 | €11,294 | -€1,671 | -12.9% |
| Taxes | 450/3 | €10,966 | €10,558 | -€408 | -3.7% |
| Remuneration and social security | 454/9 | €2,000 | €736 | -€1,264 | -63.2% |
| Other amounts payable | 47/48 | €27,650 | €17,862 | -€9,788 | -35.4% |
| Remuneration, social security and pensions | 62 | -€650 | €2,260 | +€2,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €5,989 | +€4,379 | +272% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €68,850 | €21,723 | -€47,127 | -68.4% |
| Operating profit (loss) | 9901 | €67,506 | €13,474 | -€54,032 | -80.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €505 | €451 | -€55 | -10.8% |
| Recurring financial charges | 65 | €505 | €451 | -€55 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €67,002 | €13,024 | -€53,978 | -80.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €6,155 | €3,191 | -€2,964 | -48.2% |
| Profit (loss) for the period | 9904 | €60,847 | €9,833 | -€51,014 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,847 | €9,833 | -€51,014 | -83.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.