TAILLET: 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.
TAILLET
Largest movements
- Tangible fixed assets -€9,201
down €9,201 (-4.0%), from €229,674 to €220,473
of which Land and buildings: -€10,506
- Receivables within one year +€8,279
up €8,279 (+22.1%), from €37,455 to €45,734
of which Other amounts receivable: +€7,998
- Profit (loss) carried forward +€19,062
up €19,062 (+31.0%), from -€61,399 to -€42,337
- Reserves -€5,922
down €5,922 (-6.8%), from €87,031 to €81,108
of which Tax-exempt reserves: -€5,922
- Short-term financial debts -€4,193
no longer reported in 2025 (was €4,193)
- Provisions -€3,051
down €3,051 (-7.4%), from €41,106 to €38,055
- Debts after one year -€3,037
no longer reported in 2025 (was €3,037)
- Gross operating margin +€22,004
up €22,004 (+249.3%), from €8,826 to €30,830
- Taxes +€3,745
up €3,745 (+247.5%), from €1,513 to €5,259
- Depreciation +€1,021
up €1,021 (+9.3%), from €10,986 to €12,006
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 | €267,144 | €266,855 | -€289 | -0.1% |
| Fixed assets | 21/28 | €229,674 | €220,473 | -€9,201 | -4.0% |
| Tangible fixed assets | 22/27 | €229,674 | €220,473 | -€9,201 | -4.0% |
| Land and buildings | 22 | €226,820 | €216,314 | -€10,506 | -4.6% |
| Furniture and vehicles | 24 | €2,854 | €4,160 | +€1,305 | +45.7% |
| Current assets | 29/58 | €37,470 | €46,382 | +€8,912 | +23.8% |
| Amounts receivable within one year | 40/41 | €37,455 | €45,734 | +€8,279 | +22.1% |
| Trade receivables | 40 | €13,265 | €13,545 | +€280 | +2.1% |
| Other amounts receivable | 41 | €24,191 | €32,189 | +€7,998 | +33.1% |
| Current investments | 50/53 | €15 | €16 | +€1 | +7.9% |
| Cash at bank and in hand | 54/58 | - | €632 | +€632 | |
| Total equity and liabilities | 10/49 | €267,144 | €266,855 | -€289 | -0.1% |
| Equity | 10/15 | €200,632 | €213,771 | +€13,139 | +6.5% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €87,031 | €81,108 | -€5,922 | -6.8% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,797 | €73,874 | -€5,922 | -7.4% |
| Distributable reserves | 133 | €4,135 | €4,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,399 | -€42,337 | +€19,062 | +31.0% |
| Provisions and deferred taxes | 16 | €41,106 | €38,055 | -€3,051 | -7.4% |
| Deferred taxes | 168 | €41,106 | €38,055 | -€3,051 | -7.4% |
| Amounts payable | 17/49 | €25,406 | €15,028 | -€10,377 | -40.8% |
| Amounts payable after more than one year | 17 | €3,037 | - | -€3,037 | |
| Financial debts | 170/4 | €3,037 | - | -€3,037 | |
| Amounts payable within one year | 42/48 | €22,368 | €15,028 | -€7,340 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €9,107 | €7,174 | -€1,932 | -21.2% |
| Financial debts | 43 | €4,193 | - | -€4,193 | |
| Credit institutions | 430/8 | €4,193 | - | -€4,193 | |
| Trade debts | 44 | €3,649 | €4,109 | +€459 | +12.6% |
| Suppliers | 440/4 | €3,649 | €4,109 | +€459 | +12.6% |
| Taxes, remuneration and social security | 45 | €4,964 | €3,745 | -€1,219 | -24.6% |
| Taxes | 450/3 | €4,964 | €3,745 | -€1,219 | -24.6% |
| Other amounts payable | 47/48 | €455 | - | -€455 | |
| Non-recurring operating income | 76A | €1,203 | - | -€1,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,986 | €12,006 | +€1,021 | +9.3% |
| Other operating charges | 640/8 | €1,815 | €1,885 | +€70 | +3.9% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €8,826 | €30,830 | +€22,004 | +249.3% |
| Operating profit (loss) | 9901 | -€3,976 | €16,939 | +€20,914 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,490 | €1,593 | +€104 | +7.0% |
| Recurring financial charges | 65 | €1,490 | €1,593 | +€104 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,465 | €15,347 | +€20,812 | |
| Transfer from deferred taxes | 780 | €3,051 | €3,051 | = | 0.0% |
| Income taxes | 67/77 | €1,513 | €5,259 | +€3,745 | +247.5% |
| Profit (loss) for the period | 9904 | -€3,928 | €13,139 | +€17,067 | |
| Transfer from tax-exempt reserves | 789 | €5,922 | €5,922 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,995 | €19,062 | +€17,067 | +855.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.