TAGES: 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.
TAGES
Largest movements
- Current investments +€18,802
up €18,802 (+120.8%), from €15,564 to €34,366
- Cash -€16,336
down €16,336 (-23.5%), from €69,373 to €53,037
mainly Contributions, distributions and other (-€61,007) and Current investments (-€18,802)
- Tangible fixed assets +€13,158
up €13,158 (+827.4%), from €1,590 to €14,748
- Deferred charges and accrued income -€2,767
down €2,767 (-83.2%), from €3,325 to €557
- Financial fixed assets -€2,723
down €2,723 (-100.0%), from €2,723 to €0
- Other debts +€46,576
up €46,576 (+517.0%), from €9,010 to €55,585
- Reserves -€38,752
down €38,752 (-44.6%), from €86,951 to €48,199
of which Distributable reserves: -€38,752
- Tax, wage and social debts +€4,229
up €4,229 (+135.4%), from €3,124 to €7,353
- Gross operating margin +€9,794
up €9,794 (+45.1%), from €21,702 to €31,496
- Taxes +€2,983
up €2,983 (+39.0%), from €7,654 to €10,637
- Financial charges -€1,280
down €1,280 (-91.6%), from €1,398 to €117
of which Non-recurring financial charges: -€1,271
- Depreciation +€1,045
up €1,045 (+368.3%), from €284 to €1,329
- Financial income +€1,000
up €1,000 (+39.0%), from €2,563 to €3,562
of which Non-recurring financial income: +€714
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 | €99,193 | €111,324 | +€12,130 | +12.2% |
| Fixed assets | 21/28 | €4,314 | €14,748 | +€10,434 | +241.9% |
| Tangible fixed assets | 22/27 | €1,590 | €14,748 | +€13,158 | +827.4% |
| Furniture and vehicles | 24 | €1,590 | €14,748 | +€13,158 | +827.4% |
| Financial fixed assets | 28 | €2,723 | €0 | -€2,723 | -100.0% |
| Current assets | 29/58 | €94,880 | €96,576 | +€1,696 | +1.8% |
| Amounts receivable within one year | 40/41 | €6,617 | €8,615 | +€1,997 | +30.2% |
| Trade receivables | 40 | €6,208 | €8,589 | +€2,381 | +38.4% |
| Other amounts receivable | 41 | €409 | €26 | -€384 | -93.7% |
| Current investments | 50/53 | €15,564 | €34,366 | +€18,802 | +120.8% |
| Cash at bank and in hand | 54/58 | €69,373 | €53,037 | -€16,336 | -23.5% |
| Deferred charges and accrued income | 490/1 | €3,325 | €557 | -€2,767 | -83.2% |
| Total equity and liabilities | 10/49 | €99,193 | €111,324 | +€12,130 | +12.2% |
| Equity | 10/15 | €87,051 | €48,299 | -€38,752 | -44.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €86,951 | €48,199 | -€38,752 | -44.6% |
| Non-distributable reserves | 130/1 | €8,707 | €8,707 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,707 | €8,707 | = | 0.0% |
| Distributable reserves | 133 | €78,244 | €39,492 | -€38,752 | -49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,142 | €63,025 | +€50,883 | +419.0% |
| Amounts payable within one year | 42/48 | €12,142 | €63,025 | +€50,883 | +419.0% |
| Trade debts | 44 | €9 | €87 | +€78 | +858.0% |
| Suppliers | 440/4 | €9 | €87 | +€78 | +858.0% |
| Taxes, remuneration and social security | 45 | €3,124 | €7,353 | +€4,229 | +135.4% |
| Taxes | 450/3 | €3,124 | €7,353 | +€4,229 | +135.4% |
| Other amounts payable | 47/48 | €9,010 | €55,585 | +€46,576 | +517.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €1,329 | +€1,045 | +368.3% |
| Other operating charges | 640/8 | €760 | €720 | -€39 | -5.2% |
| Gross operating margin | 9900 | €21,702 | €31,496 | +€9,794 | +45.1% |
| Operating profit (loss) | 9901 | €20,659 | €29,447 | +€8,788 | +42.5% |
| Financial income | 75/76B | €2,563 | €3,562 | +€1,000 | +39.0% |
| Recurring financial income | 75 | €2,563 | €2,849 | +€286 | +11.2% |
| Non-recurring financial income | 76B | - | €714 | +€714 | |
| Financial charges | 65/66B | €1,398 | €117 | -€1,280 | -91.6% |
| Recurring financial charges | 65 | €126 | €117 | -€9 | -7.1% |
| Non-recurring financial charges | 66B | €1,271 | €0 | -€1,271 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,824 | €32,892 | +€11,068 | +50.7% |
| Income taxes | 67/77 | €7,654 | €10,637 | +€2,983 | +39.0% |
| Profit (loss) for the period | 9904 | €14,169 | €22,255 | +€8,085 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,169 | €22,255 | +€8,085 | +57.1% |
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 10 October 2026 via checked.be.