TAIRO: 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.
TAIRO
Largest movements
- Tangible fixed assets +€66,258
up €66,258 (+3394.4%), from €1,952 to €68,210
- Cash +€59,023
up €59,023 (+255.8%), from €23,077 to €82,100
mainly Net result for the year (+€51,494) and Debts after one year (+€51,134)
- Receivables within one year -€8,700
down €8,700 (-34.2%), from €25,447 to €16,748
- Profit (loss) carried forward +€51,494
up €51,494 (+189.2%), from €27,220 to €78,714
- Debts after one year +€51,134
new in 2025: €51,134
- Current portion of long-term debt +€15,205
new in 2025: €15,205
- Tax, wage and social debts -€2,001
down €2,001 (-11.2%), from €17,929 to €15,928
of which Taxes: -€1,857
- Gross operating margin +€48,763
up €48,763 (+139.5%), from €34,956 to €83,718
- Depreciation +€15,339
up €15,339 (+44838.5%), from €34 to €15,373
- Taxes +€6,493
up €6,493 (+89.3%), from €7,270 to €13,763
- Financial charges +€2,763
up €2,763 (+1674.3%), from €165 to €2,928
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 | €50,476 | €167,057 | +€116,581 | +231.0% |
| Fixed assets | 21/28 | €1,952 | €68,210 | +€66,258 | +3394.4% |
| Tangible fixed assets | 22/27 | €1,952 | €68,210 | +€66,258 | +3394.4% |
| Furniture and vehicles | 24 | €1,952 | €68,210 | +€66,258 | +3394.4% |
| Current assets | 29/58 | €48,524 | €98,847 | +€50,323 | +103.7% |
| Amounts receivable within one year | 40/41 | €25,447 | €16,748 | -€8,700 | -34.2% |
| Trade receivables | 40 | €25,447 | €16,748 | -€8,700 | -34.2% |
| Cash at bank and in hand | 54/58 | €23,077 | €82,100 | +€59,023 | +255.8% |
| Total equity and liabilities | 10/49 | €50,476 | €167,057 | +€116,581 | +231.0% |
| Equity | 10/15 | €30,220 | €81,714 | +€51,494 | +170.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,220 | €78,714 | +€51,494 | +189.2% |
| Amounts payable | 17/49 | €20,256 | €85,343 | +€65,087 | +321.3% |
| Amounts payable after more than one year | 17 | - | €51,134 | +€51,134 | |
| Financial debts | 170/4 | - | €51,134 | +€51,134 | |
| Amounts payable within one year | 42/48 | €20,256 | €34,210 | +€13,954 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,205 | +€15,205 | |
| Trade debts | 44 | €147 | €461 | +€313 | +212.7% |
| Suppliers | 440/4 | €147 | €461 | +€313 | +212.7% |
| Taxes, remuneration and social security | 45 | €17,929 | €15,928 | -€2,001 | -11.2% |
| Taxes | 450/3 | €15,699 | €13,842 | -€1,857 | -11.8% |
| Remuneration and social security | 454/9 | €2,230 | €2,086 | -€144 | -6.5% |
| Other amounts payable | 47/48 | €2,180 | €2,616 | +€436 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | €15,373 | +€15,339 | +44838.5% |
| Other operating charges | 640/8 | €266 | €162 | -€104 | -39.0% |
| Gross operating margin | 9900 | €34,956 | €83,718 | +€48,763 | +139.5% |
| Operating profit (loss) | 9901 | €34,655 | €68,182 | +€33,527 | +96.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €165 | €2,928 | +€2,763 | +1674.3% |
| Recurring financial charges | 65 | €165 | €2,928 | +€2,763 | +1674.3% |
| Profit (loss) for the period before taxes | 9903 | €34,490 | €65,257 | +€30,766 | +89.2% |
| Income taxes | 67/77 | €7,270 | €13,763 | +€6,493 | +89.3% |
| Profit (loss) for the period | 9904 | €27,220 | €51,494 | +€24,274 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,220 | €51,494 | +€24,274 | +89.2% |
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 30 September 2026 via checked.be.