TAGALY: 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.
TAGALY
Largest movements
- Tangible fixed assets -€79,002
down €79,002 (-22.9%), from €345,416 to €266,415
of which Furniture and vehicles: -€41,044
- Receivables within one year +€6,887
up €6,887 (+316%), from €2,179 to €9,067
of which Trade receivables: +€6,910
- Trade debts -€41,791
down €41,791 (-97.6%), from €42,832 to €1,041
- Reserves -€17,429
down €17,429 (-5.9%), from €294,579 to €277,150
of which Tax-exempt reserves: -€17,664
- Other debts -€9,386
down €9,386 (-23.8%), from €39,395 to €30,009
- Current portion of long-term debt -€8,880
down €8,880 (-100%), from €8,880 to €0
- Depreciation -€11,604
down €11,604 (-24.4%), from €47,518 to €35,914
- Gross operating margin +€10,667
up €10,667 (+63.0%), from €16,944 to €27,611
- Other operating charges +€5,676
up €5,676 (+246%), from €2,308 to €7,984
- Taxes +€526
up €526 (+287%), from €183 to €710
- Financial income +€339
up €339 (+247%), from €137 to €476
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 | €409,119 | €331,443 | -€77,677 | -19.0% |
| Fixed assets | 21/28 | €345,416 | €266,415 | -€79,002 | -22.9% |
| Tangible fixed assets | 22/27 | €345,416 | €266,415 | -€79,002 | -22.9% |
| Land and buildings | 22 | €240,999 | €224,140 | -€16,859 | -7.0% |
| Plant, machinery and equipment | 23 | €21,099 | €0 | -€21,099 | -100% |
| Furniture and vehicles | 24 | €83,319 | €42,275 | -€41,044 | -49.3% |
| Current assets | 29/58 | €63,703 | €65,028 | +€1,325 | +2.1% |
| Amounts receivable within one year | 40/41 | €2,179 | €9,067 | +€6,887 | +316% |
| Trade receivables | 40 | €40 | €6,950 | +€6,910 | +17,275% |
| Other amounts receivable | 41 | €2,139 | €2,117 | -€23 | -1.1% |
| Cash at bank and in hand | 54/58 | €59,679 | €55,961 | -€3,717 | -6.2% |
| Deferred charges and accrued income | 490/1 | €1,845 | €0 | -€1,845 | -100% |
| Total equity and liabilities | 10/49 | €409,119 | €331,443 | -€77,677 | -19.0% |
| Equity | 10/15 | €313,179 | €295,750 | -€17,429 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,579 | €277,150 | -€17,429 | -5.9% |
| Tax-exempt reserves | 132 | €125,110 | €107,446 | -€17,664 | -14.1% |
| Distributable reserves | 133 | €169,469 | €169,704 | +€235 | +0.1% |
| Amounts payable | 17/49 | €95,940 | €35,692 | -€60,248 | -62.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €95,940 | €35,692 | -€60,248 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €8,880 | €0 | -€8,880 | -100% |
| Trade debts | 44 | €42,832 | €1,041 | -€41,791 | -97.6% |
| Suppliers | 440/4 | €42,832 | €1,041 | -€41,791 | -97.6% |
| Advances received on contracts in progress | 46 | €4,500 | €4,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €333 | €143 | -€190 | -57.1% |
| Taxes | 450/3 | €333 | €143 | -€190 | -57.1% |
| Other amounts payable | 47/48 | €39,395 | €30,009 | -€9,386 | -23.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €18,284 | +€18,284 | |
| Remuneration, social security and pensions | 62 | €415 | €452 | +€37 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,518 | €35,914 | -€11,604 | -24.4% |
| Other operating charges | 640/8 | €2,308 | €7,984 | +€5,676 | +246% |
| Gross operating margin | 9900 | €16,944 | €27,611 | +€10,667 | +63.0% |
| Operating profit (loss) | 9901 | -€33,297 | -€16,738 | +€16,559 | +49.7% |
| Financial income | 75/76B | €137 | €476 | +€339 | +247% |
| Recurring financial income | 75 | €137 | €476 | +€339 | +247% |
| Financial charges | 65/66B | €382 | €456 | +€74 | +19.5% |
| Recurring financial charges | 65 | €382 | €456 | +€74 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,542 | -€16,719 | +€16,823 | +50.2% |
| Transfer from deferred taxes | 780 | €17,664 | €17,664 | = | 0.0% |
| Income taxes | 67/77 | €183 | €710 | +€526 | +287% |
| Profit (loss) for the period | 9904 | -€16,062 | €235 | +€16,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,062 | €235 | +€16,296 |
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 29 October 2026 via checked.be.