TAIL-R: what changed
Two fiscal 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
TAIL-R
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,846
2024 · €38,450+€3,397
Equity
€2.1m
2024 · €2.0m+€41,846
Cash
€28,692
2024 · €65,358-€36,666
Balance sheet total
€2.2m
2024 · €2.2m-€34,386
Largest movements
Assets
- Cash -€36,666
down €36,666 (-56.1%), from €65,358 to €28,692
mainly Other debts (-€50,419) and Investment in fixed assets (net) (-€37,000)
Equity and liabilities
- Other debts -€50,419
down €50,419 (-51.8%), from €97,427 to €47,008
- Reserves +€41,846
up €41,846 (+3.5%), from €1.2m to €1.2m
Income statement
- Financial charges -€3,833
down €3,833 (-23.0%), from €16,683 to €12,850
- Gross operating margin +€1,834
up €1,834 (+1.7%), from €107,488 to €109,322
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
€38,450
Gross operating margin
+€1,834
Depreciation
-€954
Other operating charges
-€245
Financial income
-€0
Financial charges
+€3,833
Taxes
-€1,072
Result 2025
€41,846
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.
From operations
+€25,340
Investment
-€37,000
Financing
-€25,006
Cash 2024
€65,358
From operations (derived)
+€25,340
Net result for the year
+€41,846
Depreciation
+€33,776
Receivables within one year
+€2,202
Deferred charges and accrued income
-€1,257
Trade debts
+€2,452
Tax, wage and social debts
+€5,678
Other debts
-€50,419
Accrued charges and deferred income
-€8,938
Investment (derived)
-€37,000
Investment in fixed assets (net)
-€37,000
Financing
-€25,006
Debts after one year
-€21,437
Current portion of long-term debt
+€491
Short-term financial debts
-€4,059
Cash 2025
€28,692
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,216,569 | €2,182,183 | -€34,386 | -1.6% |
| Fixed assets | 21/28 | €1,521,471 | €1,524,695 | +€3,224 | +0.2% |
| Tangible fixed assets | 22/27 | €121,471 | €124,695 | +€3,224 | +2.7% |
| Plant, machinery and equipment | 23 | €11,905 | €23,785 | +€11,880 | +99.8% |
| Furniture and vehicles | 24 | €4,295 | €2,683 | -€1,613 | -37.5% |
| Other tangible fixed assets | 26 | €105,271 | €98,228 | -€7,043 | -6.7% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €695,098 | €657,488 | -€37,610 | -5.4% |
| Amounts receivable within one year | 40/41 | €628,701 | €626,499 | -€2,202 | -0.4% |
| Other amounts receivable | 41 | €628,701 | €626,499 | -€2,202 | -0.4% |
| Cash at bank and in hand | 54/58 | €65,358 | €28,692 | -€36,666 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,040 | €2,297 | +€1,257 | +120.9% |
| Total equity and liabilities | 10/49 | €2,216,569 | €2,182,183 | -€34,386 | -1.6% |
| Equity | 10/15 | €2,012,283 | €2,054,129 | +€41,846 | +2.1% |
| Contributions | 10/11 | €829,000 | €829,000 | = | 0.0% |
| Reserves | 13 | €1,183,283 | €1,225,129 | +€41,846 | +3.5% |
| Distributable reserves | 133 | €1,183,283 | €1,225,129 | +€41,846 | +3.5% |
| Amounts payable | 17/49 | €204,287 | €128,054 | -€76,232 | -37.3% |
| Amounts payable after more than one year | 17 | €47,033 | €25,596 | -€21,437 | -45.6% |
| Financial debts | 170/4 | €47,033 | €25,596 | -€21,437 | -45.6% |
| Amounts payable within one year | 42/48 | €139,938 | €94,080 | -€45,858 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €22,712 | €23,203 | +€491 | +2.2% |
| Financial debts | 43 | €4,059 | €0 | -€4,059 | -100.0% |
| Credit institutions | 430/8 | €4,059 | €0 | -€4,059 | -100.0% |
| Trade debts | 44 | €3,224 | €5,676 | +€2,452 | +76.0% |
| Suppliers | 440/4 | €3,224 | €5,676 | +€2,452 | +76.0% |
| Taxes, remuneration and social security | 45 | €12,516 | €18,194 | +€5,678 | +45.4% |
| Taxes | 450/3 | €12,516 | €18,194 | +€5,678 | +45.4% |
| Other amounts payable | 47/48 | €97,427 | €47,008 | -€50,419 | -51.8% |
| Accrued charges and deferred income | 492/3 | €17,316 | €8,378 | -€8,938 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,822 | €33,776 | +€954 | +2.9% |
| Other operating charges | 640/8 | €3,145 | €3,390 | +€245 | +7.8% |
| Gross operating margin | 9900 | €107,488 | €109,322 | +€1,834 | +1.7% |
| Operating profit (loss) | 9901 | €71,521 | €72,156 | +€635 | +0.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €16,683 | €12,850 | -€3,833 | -23.0% |
| Recurring financial charges | 65 | €16,683 | €12,850 | -€3,833 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €54,838 | €59,306 | +€4,468 | +8.1% |
| Income taxes | 67/77 | €16,388 | €17,459 | +€1,072 | +6.5% |
| Profit (loss) for the period | 9904 | €38,450 | €41,846 | +€3,397 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,450 | €41,846 | +€3,397 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.