TAILLEUR VINCENT: 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.
TAILLEUR VINCENT
Largest movements
- Tangible fixed assets -€26,253
down €26,253 (-17.9%), from €146,872 to €120,619
of which Land and buildings: -€15,418
- Cash +€10,083
up €10,083 (+23.4%), from €43,038 to €53,121
mainly Depreciation (+€26,253) and Other debts (+€7,016)
- Stocks and contracts -€6,980
down €6,980 (-5.0%), from €139,917 to €132,937
- Debts after one year -€15,042
down €15,042 (-12.7%), from €118,065 to €103,023
- Current portion of long-term debt -€9,364
down €9,364 (-38.4%), from €24,406 to €15,042
- Other debts +€7,016
up €7,016 (+713%), from €984 to €8,000
- Reserves -€4,750
down €4,750 (-3.9%), from €121,728 to €116,977
of which Distributable reserves: -€4,750
- Write-downs -€3,147
down €3,147 (-22.7%), from €13,865 to €10,718
- Gross operating margin -€2,152
down €2,152 (-3.0%), from €70,751 to €68,599
- Financial charges -€1,669
down €1,669 (-5.2%), from €32,262 to €30,593
- Taxes +€744
up €744 (+81.6%), from €912 to €1,655
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,638 | €327,251 | -€25,387 | -7.2% |
| Fixed assets | 21/28 | €147,022 | €120,769 | -€26,253 | -17.9% |
| Tangible fixed assets | 22/27 | €146,872 | €120,619 | -€26,253 | -17.9% |
| Land and buildings | 22 | €130,166 | €114,748 | -€15,418 | -11.8% |
| Plant, machinery and equipment | 23 | €3,100 | €2,267 | -€833 | -26.9% |
| Furniture and vehicles | 24 | €11,903 | €2,469 | -€9,435 | -79.3% |
| Other tangible fixed assets | 26 | €1,703 | €1,135 | -€568 | -33.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €205,616 | €206,482 | +€866 | +0.4% |
| Stocks and contracts in progress | 3 | €139,917 | €132,937 | -€6,980 | -5.0% |
| Stocks | 30/36 | €139,917 | €132,937 | -€6,980 | -5.0% |
| Amounts receivable within one year | 40/41 | €20,837 | €17,573 | -€3,265 | -15.7% |
| Trade receivables | 40 | €154 | €385 | +€231 | +150% |
| Other amounts receivable | 41 | €20,683 | €17,188 | -€3,495 | -16.9% |
| Cash at bank and in hand | 54/58 | €43,038 | €53,121 | +€10,083 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,824 | €2,851 | +€1,027 | +56.3% |
| Total equity and liabilities | 10/49 | €352,638 | €327,251 | -€25,387 | -7.2% |
| Equity | 10/15 | €184,129 | €179,379 | -€4,750 | -2.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €121,728 | €116,977 | -€4,750 | -3.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,615 | €6,615 | = | 0.0% |
| Distributable reserves | 133 | €115,113 | €110,362 | -€4,750 | -4.1% |
| Profit (loss) carried forward | 14 | €2,402 | €2,402 | = | 0.0% |
| Amounts payable | 17/49 | €168,509 | €147,872 | -€20,637 | -12.2% |
| Amounts payable after more than one year | 17 | €118,065 | €103,023 | -€15,042 | -12.7% |
| Financial debts | 170/4 | €118,065 | €103,023 | -€15,042 | -12.7% |
| Amounts payable within one year | 42/48 | €50,444 | €44,849 | -€5,595 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €24,406 | €15,042 | -€9,364 | -38.4% |
| Financial debts | 43 | €4,238 | €1,270 | -€2,968 | -70.0% |
| Credit institutions | 430/8 | €4,238 | €1,270 | -€2,968 | -70.0% |
| Trade debts | 44 | €16,676 | €16,688 | +€11 | +0.1% |
| Suppliers | 440/4 | €16,676 | €16,688 | +€11 | +0.1% |
| Taxes, remuneration and social security | 45 | €4,140 | €3,849 | -€291 | -7.0% |
| Taxes | 450/3 | €4,140 | €3,849 | -€291 | -7.0% |
| Other amounts payable | 47/48 | €984 | €8,000 | +€7,016 | +713% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,339 | €26,253 | -€86 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,865 | €10,718 | -€3,147 | -22.7% |
| Other operating charges | 640/8 | €2,318 | €2,561 | +€243 | +10.5% |
| Gross operating margin | 9900 | €70,751 | €68,599 | -€2,152 | -3.0% |
| Operating profit (loss) | 9901 | €28,228 | €29,066 | +€838 | +3.0% |
| Financial income | 75/76B | €6,263 | €6,432 | +€169 | +2.7% |
| Recurring financial income | 75 | €6,263 | €6,432 | +€169 | +2.7% |
| Financial charges | 65/66B | €32,262 | €30,593 | -€1,669 | -5.2% |
| Recurring financial charges | 65 | €32,262 | €30,593 | -€1,669 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,229 | €4,905 | +€2,676 | +120% |
| Income taxes | 67/77 | €912 | €1,655 | +€744 | +81.6% |
| Profit (loss) for the period | 9904 | €1,317 | €3,250 | +€1,933 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €1,317 | €3,250 | +€1,933 | +147% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.