TAHRI: 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.
TAHRI
Largest movements
- Cash +€289,961
up €289,961 (+84.7%), from €342,239 to €632,200
mainly Net result for the year (+€231,529) and Receivables within one year (+€70,074)
- Receivables within one year -€70,074
down €70,074 (-14.8%), from €474,574 to €404,500
- Tangible fixed assets -€23,802
down €23,802 (-38.0%), from €62,646 to €38,844
of which Furniture and vehicles: -€21,686
- Reserves +€183,208
up €183,208 (+22.4%), from €816,577 to €999,786
of which Distributable reserves: +€183,208
- Tax, wage and social debts +€24,076
up €24,076 (+193%), from €12,496 to €36,572
- Gross operating margin +€131,963
up €131,963 (+56.4%), from €234,080 to €366,043
- Taxes +€39,488
up €39,488 (+58.5%), from €67,496 to €106,984
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 | €902,770 | €1,099,861 | +€197,091 | +21.8% |
| Fixed assets | 21/28 | €62,837 | €39,035 | -€23,802 | -37.9% |
| Tangible fixed assets | 22/27 | €62,646 | €38,844 | -€23,802 | -38.0% |
| Furniture and vehicles | 24 | €43,187 | €21,500 | -€21,686 | -50.2% |
| Other tangible fixed assets | 26 | €19,459 | €17,343 | -€2,116 | -10.9% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €839,933 | €1,060,826 | +€220,893 | +26.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €474,574 | €404,500 | -€70,074 | -14.8% |
| Other amounts receivable | 41 | €474,574 | €404,500 | -€70,074 | -14.8% |
| Cash at bank and in hand | 54/58 | €342,239 | €632,200 | +€289,961 | +84.7% |
| Deferred charges and accrued income | 490/1 | €3,120 | €4,126 | +€1,006 | +32.3% |
| Total equity and liabilities | 10/49 | €902,770 | €1,099,861 | +€197,091 | +21.8% |
| Equity | 10/15 | €840,015 | €1,023,223 | +€183,208 | +21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €816,577 | €999,786 | +€183,208 | +22.4% |
| 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 | €22,041 | €22,041 | = | 0.0% |
| Distributable reserves | 133 | €792,676 | €975,885 | +€183,208 | +23.1% |
| Profit (loss) carried forward | 14 | €11,037 | €11,037 | = | 0.0% |
| Amounts payable | 17/49 | €62,755 | €76,638 | +€13,883 | +22.1% |
| Amounts payable within one year | 42/48 | €62,755 | €76,638 | +€13,883 | +22.1% |
| Trade debts | 44 | €8,858 | €5,531 | -€3,328 | -37.6% |
| Suppliers | 440/4 | €4,133 | €5,531 | +€1,397 | +33.8% |
| Bills of exchange payable | 441 | €4,725 | - | -€4,725 | |
| Taxes, remuneration and social security | 45 | €12,496 | €36,572 | +€24,076 | +193% |
| Taxes | 450/3 | €12,496 | €36,572 | +€24,076 | +193% |
| Other amounts payable | 47/48 | €41,401 | €34,535 | -€6,866 | -16.6% |
| Remuneration, social security and pensions | 62 | €132 | - | -€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,881 | €25,617 | -€263 | -1.0% |
| Other operating charges | 640/8 | €511 | €2,653 | +€2,142 | +419% |
| Gross operating margin | 9900 | €234,080 | €366,043 | +€131,963 | +56.4% |
| Operating profit (loss) | 9901 | €207,556 | €337,772 | +€130,217 | +62.7% |
| Financial income | 75/76B | €0 | €1,012 | +€1,012 | +10,119,900% |
| Recurring financial income | 75 | €0 | €1,012 | +€1,012 | +10,119,900% |
| Financial charges | 65/66B | €285 | €271 | -€14 | -4.8% |
| Recurring financial charges | 65 | €169 | €271 | +€102 | +60.5% |
| Non-recurring financial charges | 66B | €116 | - | -€116 | |
| Profit (loss) for the period before taxes | 9903 | €207,270 | €338,513 | +€131,242 | +63.3% |
| Income taxes | 67/77 | €67,496 | €106,984 | +€39,488 | +58.5% |
| Profit (loss) for the period | 9904 | €139,775 | €231,529 | +€91,754 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,775 | €231,529 | +€91,754 | +65.6% |
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.