TAHOE DESIGN: 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.
TAHOE DESIGN
Largest movements
- Cash -€1,968
down €1,968 (-51.8%), from €3,796 to €1,828
mainly Trade debts (-€1,332) and Net result for the year (-€636)
- Trade debts -€1,332
down €1,332 (-88.6%), from €1,503 to €171
of which Suppliers: -€1,503
- Profit (loss) carried forward -€636
down €636 (-3.8%), from -€16,545 to -€17,181
- Taxes -€1,689
no longer reported in 2025 (was €1,689)
- Gross operating margin -€814
no longer reported in 2025 (was €814)
- Financial charges -€540
down €540 (-76.0%), from €711 to €171
- Other operating charges -€370
down €370 (-44.3%), from €836 to €465
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 | €11,097 | €9,130 | -€1,968 | -17.7% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €8,597 | €6,630 | -€1,968 | -22.9% |
| Amounts receivable within one year | 40/41 | €4,686 | €4,686 | = | 0.0% |
| Trade receivables | 40 | €4,686 | €4,686 | = | 0.0% |
| Current investments | 50/53 | €115 | €115 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,796 | €1,828 | -€1,968 | -51.8% |
| Total equity and liabilities | 10/49 | €11,097 | €9,130 | -€1,968 | -17.7% |
| Equity | 10/15 | -€1,369 | -€2,005 | -€636 | -46.4% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €7,739 | €7,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,879 | €5,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,545 | -€17,181 | -€636 | -3.8% |
| Amounts payable | 17/49 | €12,467 | €11,135 | -€1,332 | -10.7% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,467 | €1,135 | -€1,332 | -54.0% |
| Trade debts | 44 | €1,503 | €171 | -€1,332 | -88.6% |
| Suppliers | 440/4 | €1,503 | - | -€1,503 | |
| Bills of exchange payable | 441 | - | €171 | +€171 | |
| Other amounts payable | 47/48 | €964 | €964 | = | 0.0% |
| Other operating charges | 640/8 | €836 | €465 | -€370 | -44.3% |
| Gross operating margin | 9900 | €814 | - | -€814 | |
| Operating profit (loss) | 9901 | -€22 | -€465 | -€444 | -2,024% |
| Financial charges | 65/66B | €711 | €171 | -€540 | -76.0% |
| Recurring financial charges | 65 | €711 | €171 | -€540 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | -€733 | -€636 | +€97 | +13.2% |
| Income taxes | 67/77 | €1,689 | - | -€1,689 | |
| Profit (loss) for the period | 9904 | -€2,422 | -€636 | +€1,786 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,422 | -€636 | +€1,786 | +73.7% |
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 30 October 2026 via checked.be.