TAGOLI: 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.
TAGOLI
Largest movements
- Receivables within one year -€5,899
down €5,899 (-82.8%), from €7,125 to €1,226
of which Trade receivables: -€6,149
- Stocks and contracts -€2,424
down €2,424 (-30.2%), from €8,016 to €5,592
- Cash -€2,180
down €2,180 (-33.2%), from €6,569 to €4,389
mainly Net result for the year (-€18,154) and Investment in fixed assets (net) (-€2,100)
- Financial fixed assets +€2,100
new in 2025: €2,100
- Tangible fixed assets -€426
down €426 (-15.8%), from €2,695 to €2,269
of which Other tangible fixed assets: -€426
- Profit (loss) carried forward -€18,154
down €18,154 (-269.9%), from -€6,725 to -€24,879
- Other debts +€11,142
up €11,142, from €0 to €11,142
- Tax, wage and social debts -€1,358
down €1,358 (-81.3%), from €1,670 to €312
of which Taxes: -€1,358
- Trade debts -€295
down €295 (-5.7%), from €5,213 to €4,918
- Purchases and services +€67,637
new in 2025: €67,637
- Turnover +€50,577
new in 2025: €50,577
- Gross operating margin -€19,323
down €19,323, from €2,371 to -€16,952
- Depreciation -€3,452
down €3,452 (-89.0%), from €3,878 to €426
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 | €24,467 | €15,802 | -€8,665 | -35.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,695 | €4,369 | +€1,674 | +62.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,695 | €2,269 | -€426 | -15.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €2,695 | €2,269 | -€426 | -15.8% |
| Financial fixed assets | 28 | - | €2,100 | +€2,100 | |
| Current assets | 29/58 | €21,773 | €11,433 | -€10,339 | -47.5% |
| Stocks and contracts in progress | 3 | €8,016 | €5,592 | -€2,424 | -30.2% |
| Stocks | 30/36 | €8,016 | €5,592 | -€2,424 | -30.2% |
| Amounts receivable within one year | 40/41 | €7,125 | €1,226 | -€5,899 | -82.8% |
| Trade receivables | 40 | €7,125 | €976 | -€6,149 | -86.3% |
| Other amounts receivable | 41 | €0 | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €6,569 | €4,389 | -€2,180 | -33.2% |
| Deferred charges and accrued income | 490/1 | €63 | €227 | +€164 | +261.6% |
| Total equity and liabilities | 10/49 | €24,467 | €15,802 | -€8,665 | -35.4% |
| Equity | 10/15 | €17,584 | -€570 | -€18,154 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,709 | €5,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €5,579 | €5,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,725 | -€24,879 | -€18,154 | -269.9% |
| Amounts payable | 17/49 | €6,883 | €16,372 | +€9,489 | +137.8% |
| Amounts payable within one year | 42/48 | €6,883 | €16,372 | +€9,489 | +137.8% |
| Trade debts | 44 | €5,213 | €4,918 | -€295 | -5.7% |
| Suppliers | 440/4 | €5,213 | €4,918 | -€295 | -5.7% |
| Taxes, remuneration and social security | 45 | €1,670 | €312 | -€1,358 | -81.3% |
| Taxes | 450/3 | €1,670 | €312 | -€1,358 | -81.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | €11,142 | +€11,142 | |
| Turnover | 70 | - | €50,577 | +€50,577 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €67,637 | +€67,637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,878 | €426 | -€3,452 | -89.0% |
| Other operating charges | 640/8 | €384 | €411 | +€27 | +7.0% |
| Gross operating margin | 9900 | €2,371 | -€16,952 | -€19,323 | |
| Operating profit (loss) | 9901 | -€1,891 | -€17,789 | -€15,898 | -840.5% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €347 | €365 | +€18 | +5.3% |
| Recurring financial charges | 65 | €347 | €365 | +€18 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,229 | -€18,154 | -€15,925 | -714.5% |
| Profit (loss) for the period | 9904 | -€2,229 | -€18,154 | -€15,925 | -714.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,229 | -€18,154 | -€15,925 | -714.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.