TAÏGA: 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.
What changed
TAÏGA
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€104,154
2024 · -€2,177+€106,331
Equity
€155,500
2024 · €51,345+€104,154
Cash
€345,885
2024 · €42,805+€303,080
Balance sheet total
€793,203
2024 · €544,027+€249,176
Largest movements
Assets
- Cash +€303,080
up €303,080 (+708%), from €42,805 to €345,885
mainly Trade debts (+€145,045) and Net result for the year (+€104,154)
- Tangible fixed assets -€38,621
down €38,621 (-11.3%), from €342,021 to €303,400
- Current investments -€10,399
down €10,399 (-99.9%), from €10,412 to €13
Equity and liabilities
- Trade debts +€145,045
up €145,045 (+155%), from €93,878 to €238,923
- Profit (loss) carried forward +€106,714
up €106,714 (+471%), from €22,658 to €129,372
- Tax, wage and social debts +€71,738
up €71,738 (+164%), from €43,677 to €115,415
of which Remuneration and social security: +€49,545
- Other debts -€32,554
down €32,554 (-64.0%), from €50,895 to €18,341
- Debts after one year -€32,065
down €32,065 (-12.4%), from €259,068 to €227,003
Income statement
- Gross operating margin +€320,325
up €320,325 (+75.8%), from €422,645 to €742,970
- Staff costs +€203,494
up €203,494 (+57.5%), from €354,161 to €557,655
- Taxes +€17,602
up €17,602 (+28,506%), from €62 to €17,664
- Financial charges +€9,990
up €9,990 (+194%), from €5,143 to €15,133
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.
Result 2024
-€2,177
Gross operating margin
+€320,325
Staff costs
-€203,494
Depreciation
+€6,622
Write-downs
+€64
Other operating charges
+€61
Other operating items
+€7,978
Financial income
+€2,367
Financial charges
-€9,990
Taxes
-€17,602
Result 2025
€104,154
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€333,637
Investment
+€8,009
Financing
-€38,567
Cash 2024
€42,805
From operations (derived)
+€333,637
Net result for the year
+€104,154
Depreciation
+€45,466
Stocks and contracts
-€2,550
Receivables within one year
+€1,123
Deferred charges and accrued income
+€1,856
Provisions
-€640
Trade debts
+€145,045
Tax, wage and social debts
+€71,738
Other debts
-€32,554
Investment (derived)
+€8,009
Investment in fixed assets (net)
-€2,389
Current investments
+€10,399
Financing
-€38,567
Debts after one year
-€32,065
Current portion of long-term debt
-€6,459
Short-term financial debts
-€43
Cash 2025
€345,885
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,027 | €793,203 | +€249,176 | +45.8% |
| Fixed assets | 21/28 | €363,788 | €320,711 | -€43,076 | -11.8% |
| Intangible fixed assets | 21 | €16,298 | €12,609 | -€3,689 | -22.6% |
| Tangible fixed assets | 22/27 | €342,021 | €303,400 | -€38,621 | -11.3% |
| Land and buildings | 22 | €269,596 | €254,940 | -€14,657 | -5.4% |
| Plant, machinery and equipment | 23 | €24,310 | €19,279 | -€5,031 | -20.7% |
| Furniture and vehicles | 24 | €39,663 | €29,181 | -€10,482 | -26.4% |
| Other tangible fixed assets | 26 | €8,452 | €0 | -€8,452 | -100% |
| Financial fixed assets | 28 | €5,468 | €4,702 | -€766 | -14.0% |
| Current assets | 29/58 | €180,239 | €472,492 | +€292,253 | +162% |
| Stocks and contracts in progress | 3 | €8,450 | €11,000 | +€2,550 | +30.2% |
| Stocks | 30/36 | €8,450 | €11,000 | +€2,550 | +30.2% |
| Amounts receivable within one year | 40/41 | €116,433 | €115,310 | -€1,123 | -1.0% |
| Trade receivables | 40 | €59,905 | €57,468 | -€2,437 | -4.1% |
| Other amounts receivable | 41 | €56,529 | €57,843 | +€1,314 | +2.3% |
| Current investments | 50/53 | €10,412 | €13 | -€10,399 | -99.9% |
| Cash at bank and in hand | 54/58 | €42,805 | €345,885 | +€303,080 | +708% |
| Deferred charges and accrued income | 490/1 | €2,139 | €284 | -€1,856 | -86.7% |
| Total equity and liabilities | 10/49 | €544,027 | €793,203 | +€249,176 | +45.8% |
| Equity | 10/15 | €51,345 | €155,500 | +€104,154 | +203% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,088 | €7,528 | -€2,560 | -25.4% |
| Tax-exempt reserves | 132 | €9,988 | €7,428 | -€2,560 | -25.6% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,658 | €129,372 | +€106,714 | +471% |
| Provisions and deferred taxes | 16 | €2,497 | €1,857 | -€640 | -25.6% |
| Deferred taxes | 168 | €2,497 | €1,857 | -€640 | -25.6% |
| Amounts payable | 17/49 | €490,185 | €635,847 | +€145,662 | +29.7% |
| Amounts payable after more than one year | 17 | €259,068 | €227,003 | -€32,065 | -12.4% |
| Financial debts | 170/4 | €259,068 | €227,003 | -€32,065 | -12.4% |
| Amounts payable within one year | 42/48 | €228,077 | €405,804 | +€177,727 | +77.9% |
| Current portion of amounts payable after more than one year | 42 | €39,584 | €33,125 | -€6,459 | -16.3% |
| Financial debts | 43 | €43 | €0 | -€43 | -100% |
| Credit institutions | 430/8 | €43 | - | -€43 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €93,878 | €238,923 | +€145,045 | +155% |
| Suppliers | 440/4 | €93,878 | €238,923 | +€145,045 | +155% |
| Taxes, remuneration and social security | 45 | €43,677 | €115,415 | +€71,738 | +164% |
| Taxes | 450/3 | €166 | €22,358 | +€22,192 | +13,371% |
| Remuneration and social security | 454/9 | €43,511 | €93,057 | +€49,545 | +114% |
| Other amounts payable | 47/48 | €50,895 | €18,341 | -€32,554 | -64.0% |
| Accrued charges and deferred income | 492/3 | €3,040 | €3,040 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €354,161 | €557,655 | +€203,494 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,088 | €45,466 | -€6,622 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€64 | -€64 | |
| Other operating charges | 640/8 | €5,375 | €5,314 | -€61 | -1.1% |
| Non-recurring operating charges | 66A | €8,778 | €800 | -€7,978 | -90.9% |
| Gross operating margin | 9900 | €422,645 | €742,970 | +€320,325 | +75.8% |
| Operating profit (loss) | 9901 | €2,243 | €133,800 | +€131,556 | +5,864% |
| Financial income | 75/76B | €145 | €2,511 | +€2,367 | +1,637% |
| Recurring financial income | 75 | €145 | €2,511 | +€2,367 | +1,637% |
| Financial charges | 65/66B | €5,143 | €15,133 | +€9,990 | +194% |
| Recurring financial charges | 65 | €5,143 | €15,133 | +€9,990 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€2,755 | €121,178 | +€123,934 | |
| Transfer from deferred taxes | 780 | €640 | €640 | = | 0.0% |
| Income taxes | 67/77 | €62 | €17,664 | +€17,602 | +28,506% |
| Profit (loss) for the period | 9904 | -€2,177 | €104,154 | +€106,331 | |
| Transfer from tax-exempt reserves | 789 | €2,560 | €2,560 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €383 | €106,714 | +€106,331 | +27,774% |
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 16 October 2026 via checked.be.