TAGMAG: 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.
TAGMAG
Largest movements
- Receivables within one year -€132,553
down €132,553 (-51.6%), from €256,645 to €124,091
- Cash +€15,425
up €15,425 (+27.0%), from €57,183 to €72,608
mainly Receivables within one year (+€132,553) and Tax, wage and social debts (+€24,723)
- Intangible fixed assets -€7,364
down €7,364 (-54.5%), from €13,512 to €6,148
- Profit (loss) carried forward -€148,773
down €148,773 (-51.3%), from -€289,778 to -€438,552
- Tax, wage and social debts +€24,723
up €24,723 (+34.5%), from €71,575 to €96,298
of which Taxes: +€28,870
- Short-term financial debts +€5,000
up €5,000, from €0 to €5,000
- Other debts -€4,029
down €4,029 (-1.9%), from €213,601 to €209,572
- Trade debts +€3,470
up €3,470 (+1.1%), from €306,297 to €309,766
- Gross operating margin -€150,947
down €150,947, from €146,257 to -€4,690
- Financial charges -€2,815
down €2,815 (-30.2%), from €9,306 to €6,492
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 | €333,517 | €212,328 | -€121,189 | -36.3% |
| Fixed assets | 21/28 | €19,689 | €15,629 | -€4,060 | -20.6% |
| Intangible fixed assets | 21 | €13,512 | €6,148 | -€7,364 | -54.5% |
| Tangible fixed assets | 22/27 | €1,977 | €4,531 | +€2,554 | +129% |
| Plant, machinery and equipment | 23 | €1,977 | - | -€1,977 | |
| Furniture and vehicles | 24 | - | €4,531 | +€4,531 | |
| Financial fixed assets | 28 | €4,200 | €4,950 | +€750 | +17.9% |
| Current assets | 29/58 | €313,828 | €196,699 | -€117,129 | -37.3% |
| Amounts receivable within one year | 40/41 | €256,645 | €124,091 | -€132,553 | -51.6% |
| Trade receivables | 40 | €256,645 | €124,091 | -€132,553 | -51.6% |
| Cash at bank and in hand | 54/58 | €57,183 | €72,608 | +€15,425 | +27.0% |
| Total equity and liabilities | 10/49 | €333,517 | €212,328 | -€121,189 | -36.3% |
| Equity | 10/15 | -€259,778 | -€408,552 | -€148,773 | -57.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,778 | -€438,552 | -€148,773 | -51.3% |
| Amounts payable | 17/49 | €593,296 | €620,880 | +€27,584 | +4.6% |
| Amounts payable within one year | 42/48 | €591,472 | €620,637 | +€29,164 | +4.9% |
| Financial debts | 43 | €0 | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | €0 | €5,000 | +€5,000 | |
| Trade debts | 44 | €306,297 | €309,766 | +€3,470 | +1.1% |
| Suppliers | 440/4 | €306,297 | €309,766 | +€3,470 | +1.1% |
| Taxes, remuneration and social security | 45 | €71,575 | €96,298 | +€24,723 | +34.5% |
| Taxes | 450/3 | €52,265 | €81,135 | +€28,870 | +55.2% |
| Remuneration and social security | 454/9 | €19,310 | €15,163 | -€4,146 | -21.5% |
| Other amounts payable | 47/48 | €213,601 | €209,572 | -€4,029 | -1.9% |
| Accrued charges and deferred income | 492/3 | €1,823 | €243 | -€1,580 | -86.7% |
| Remuneration, social security and pensions | 62 | €126,735 | €127,745 | +€1,010 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,933 | €9,641 | +€708 | +7.9% |
| Other operating charges | 640/8 | €199 | €292 | +€93 | +46.9% |
| Gross operating margin | 9900 | €146,257 | -€4,690 | -€150,947 | |
| Operating profit (loss) | 9901 | €10,391 | -€142,367 | -€152,758 | |
| Financial income | 75/76B | €294 | €273 | -€21 | -7.1% |
| Recurring financial income | 75 | €294 | €273 | -€21 | -7.1% |
| Financial charges | 65/66B | €9,306 | €6,492 | -€2,815 | -30.2% |
| Recurring financial charges | 65 | €9,306 | €6,492 | -€2,815 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €1,379 | -€148,586 | -€149,964 | |
| Income taxes | 67/77 | - | €188 | +€188 | |
| Profit (loss) for the period | 9904 | €1,379 | -€148,773 | -€150,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,379 | -€148,773 | -€150,152 |
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 24 October 2026 via checked.be.