TAGEBO: 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.
TAGEBO
Largest movements
- Cash +€16,249
up €16,249 (+15.6%), from €104,371 to €120,620
mainly Net result for the year (+€47,957) and Tax, wage and social debts (+€9,283)
- Receivables within one year +€8,793
up €8,793 (+74.6%), from €11,791 to €20,584
of which Trade receivables: +€8,001
- Tangible fixed assets +€5,290
up €5,290 (+141%), from €3,754 to €9,044
- Deferred charges and accrued income -€3,973
down €3,973 (-48.7%), from €8,150 to €4,177
- Reserves +€47,957
new in 2025: €47,957
- Trade debts -€30,764
down €30,764 (-32.5%), from €94,577 to €63,813
- Tax, wage and social debts +€9,283
up €9,283 (+38.0%), from €24,438 to €33,721
of which Taxes: +€9,957
- Taxes +€10,391
up €10,391 (+3,779%), from €275 to €10,666
- Gross operating margin +€6,374
up €6,374 (+2.2%), from €294,158 to €300,532
- Staff costs -€4,829
down €4,829 (-2.0%), from €241,890 to €237,061
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 | €155,012 | €180,100 | +€25,088 | +16.2% |
| Fixed assets | 21/28 | €3,909 | €9,199 | +€5,290 | +135% |
| Tangible fixed assets | 22/27 | €3,754 | €9,044 | +€5,290 | +141% |
| Plant, machinery and equipment | 23 | €3,754 | €9,044 | +€5,290 | +141% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €151,103 | €170,901 | +€19,798 | +13.1% |
| Stocks and contracts in progress | 3 | €26,791 | €25,520 | -€1,271 | -4.7% |
| Stocks | 30/36 | €26,791 | €25,520 | -€1,271 | -4.7% |
| Amounts receivable within one year | 40/41 | €11,791 | €20,584 | +€8,793 | +74.6% |
| Trade receivables | 40 | €10,602 | €18,603 | +€8,001 | +75.5% |
| Other amounts receivable | 41 | €1,189 | €1,981 | +€792 | +66.6% |
| Cash at bank and in hand | 54/58 | €104,371 | €120,620 | +€16,249 | +15.6% |
| Deferred charges and accrued income | 490/1 | €8,150 | €4,177 | -€3,973 | -48.7% |
| Total equity and liabilities | 10/49 | €155,012 | €180,100 | +€25,088 | +16.2% |
| Equity | 10/15 | €32,562 | €80,519 | +€47,957 | +147% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Reserves | 13 | - | €47,957 | +€47,957 | |
| Non-distributable reserves | 130/1 | - | €47,957 | +€47,957 | |
| Other | 1319 | - | €47,957 | +€47,957 | |
| Profit (loss) carried forward | 14 | €9,462 | €9,462 | = | 0.0% |
| Amounts payable | 17/49 | €122,450 | €99,581 | -€22,869 | -18.7% |
| Amounts payable within one year | 42/48 | €121,343 | €99,581 | -€21,762 | -17.9% |
| Trade debts | 44 | €94,577 | €63,813 | -€30,764 | -32.5% |
| Suppliers | 440/4 | €94,577 | €63,813 | -€30,764 | -32.5% |
| Taxes, remuneration and social security | 45 | €24,438 | €33,721 | +€9,283 | +38.0% |
| Taxes | 450/3 | €5,195 | €15,152 | +€9,957 | +192% |
| Remuneration and social security | 454/9 | €19,243 | €18,569 | -€674 | -3.5% |
| Other amounts payable | 47/48 | €2,328 | €2,047 | -€281 | -12.1% |
| Accrued charges and deferred income | 492/3 | €1,107 | - | -€1,107 | |
| Remuneration, social security and pensions | 62 | €241,890 | €237,061 | -€4,829 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,302 | €1,573 | +€271 | +20.8% |
| Other operating charges | 640/8 | €2,036 | €2,042 | +€6 | +0.3% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €294,158 | €300,532 | +€6,374 | +2.2% |
| Operating profit (loss) | 9901 | €48,930 | €59,556 | +€10,626 | +21.7% |
| Financial income | 75/76B | €70 | €1 | -€69 | -98.6% |
| Recurring financial income | 75 | €70 | €1 | -€69 | -98.6% |
| Financial charges | 65/66B | €1,228 | €934 | -€294 | -23.9% |
| Recurring financial charges | 65 | €1,228 | €934 | -€294 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €47,772 | €58,623 | +€10,851 | +22.7% |
| Income taxes | 67/77 | €275 | €10,666 | +€10,391 | +3,779% |
| Profit (loss) for the period | 9904 | €47,497 | €47,957 | +€460 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,497 | €47,957 | +€460 | +1.0% |
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 19 October 2026 via checked.be.