TAIPIG: 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.
TAIPIG
Largest movements
- Tangible fixed assets -€59,263
down €59,263 (-23.6%), from €251,286 to €192,022
- Cash +€26,532
up €26,532 (+14.8%), from €179,161 to €205,693
mainly Net result for the year (+€68,508) and Depreciation (+€59,263)
- Receivables within one year +€25,840
up €25,840 (+3.0%), from €870,506 to €896,346
of which Other amounts receivable: +€55,973
- Profit (loss) carried forward +€68,508
up €68,508 (+8.1%), from €842,113 to €910,621
- Tax, wage and social debts -€46,402
down €46,402 (-82.5%), from €56,271 to €9,868
of which Taxes: -€48,307
- Debts after one year -€26,714
down €26,714 (-55.6%), from €48,047 to €21,333
- Trade debts +€22,620
up €22,620 (+42.3%), from €53,427 to €76,047
- Current portion of long-term debt -€21,993
down €21,993 (-45.2%), from €48,707 to €26,714
- Gross operating margin -€235,603
down €235,603 (-50.7%), from €464,426 to €228,824
- Taxes -€62,314
down €62,314 (-70.5%), from €88,370 to €26,056
- Other operating charges -€20,092
down €20,092 (-75.2%), from €26,714 to €6,622
- Staff costs +€9,674
up €9,674 (+16.0%), from €60,574 to €70,247
- Financial income -€5,346
down €5,346 (-60.1%), from €8,901 to €3,556
of which Financial income: -€5,346
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 | €1,479,339 | €1,474,523 | -€4,816 | -0.3% |
| Fixed assets | 21/28 | €251,286 | €192,022 | -€59,263 | -23.6% |
| Tangible fixed assets | 22/27 | €251,286 | €192,022 | -€59,263 | -23.6% |
| Land and buildings | 22 | €163,093 | €136,114 | -€26,979 | -16.5% |
| Plant, machinery and equipment | 23 | €48,525 | €31,492 | -€17,032 | -35.1% |
| Furniture and vehicles | 24 | €39,668 | €24,416 | -€15,252 | -38.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,228,054 | €1,282,500 | +€54,447 | +4.4% |
| Stocks and contracts in progress | 3 | €170,391 | €178,164 | +€7,773 | +4.6% |
| Stocks | 30/36 | €170,391 | €178,164 | +€7,773 | +4.6% |
| Amounts receivable within one year | 40/41 | €870,506 | €896,346 | +€25,840 | +3.0% |
| Trade receivables | 40 | €851,168 | €821,035 | -€30,133 | -3.5% |
| Other amounts receivable | 41 | €19,338 | €75,311 | +€55,973 | +289.4% |
| Cash at bank and in hand | 54/58 | €179,161 | €205,693 | +€26,532 | +14.8% |
| Deferred charges and accrued income | 490/1 | €7,996 | €2,297 | -€5,699 | -71.3% |
| Total equity and liabilities | 10/49 | €1,479,339 | €1,474,523 | -€4,816 | -0.3% |
| Equity | 10/15 | €894,979 | €960,691 | +€65,713 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €842,113 | €910,621 | +€68,508 | +8.1% |
| Investment grants | 15 | €13,655 | €10,860 | -€2,795 | -20.5% |
| Amounts payable | 17/49 | €584,361 | €513,832 | -€70,529 | -12.1% |
| Amounts payable after more than one year | 17 | €48,047 | €21,333 | -€26,714 | -55.6% |
| Financial debts | 170/4 | €48,047 | €21,333 | -€26,714 | -55.6% |
| Amounts payable within one year | 42/48 | €534,596 | €490,000 | -€44,596 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €48,707 | €26,714 | -€21,993 | -45.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €53,427 | €76,047 | +€22,620 | +42.3% |
| Suppliers | 440/4 | €53,427 | €76,047 | +€22,620 | +42.3% |
| Taxes, remuneration and social security | 45 | €56,271 | €9,868 | -€46,402 | -82.5% |
| Taxes | 450/3 | €48,896 | €589 | -€48,307 | -98.8% |
| Remuneration and social security | 454/9 | €7,375 | €9,279 | +€1,905 | +25.8% |
| Other amounts payable | 47/48 | €376,192 | €377,371 | +€1,179 | +0.3% |
| Accrued charges and deferred income | 492/3 | €1,718 | €2,498 | +€781 | +45.5% |
| Remuneration, social security and pensions | 62 | €60,574 | €70,247 | +€9,674 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,700 | €59,263 | -€4,437 | -7.0% |
| Other operating charges | 640/8 | €26,714 | €6,622 | -€20,092 | -75.2% |
| Gross operating margin | 9900 | €464,426 | €228,824 | -€235,603 | -50.7% |
| Operating profit (loss) | 9901 | €313,438 | €92,691 | -€220,747 | -70.4% |
| Financial income | 75/76B | €8,901 | €3,556 | -€5,346 | -60.1% |
| Recurring financial income | 75 | €8,901 | €3,556 | -€5,346 | -60.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €678 | €1,683 | +€1,005 | +148.3% |
| Recurring financial charges | 65 | €678 | €1,683 | +€1,005 | +148.3% |
| Profit (loss) for the period before taxes | 9903 | €321,661 | €94,564 | -€227,098 | -70.6% |
| Income taxes | 67/77 | €88,370 | €26,056 | -€62,314 | -70.5% |
| Profit (loss) for the period | 9904 | €233,292 | €68,508 | -€164,784 | -70.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €233,292 | €68,508 | -€164,784 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.