Tairon: 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.
Tairon
Largest movements
- Receivables within one year +€97,773
up €97,773 (+190%), from €51,429 to €149,202
of which Other amounts receivable: +€104,241
- Cash -€65,841
down €65,841 (-68.7%), from €95,868 to €30,028
mainly Receivables within one year (-€97,773) and Other debts (-€22,783)
- Tangible fixed assets +€16,528
up €16,528 (+17.3%), from €95,320 to €111,849
of which Other tangible fixed assets: +€19,902
- Reserves +€50,657
up €50,657 (+30.9%), from €164,078 to €214,735
of which Distributable reserves: +€50,719
- Tax, wage and social debts +€24,164
up €24,164 (+68.4%), from €35,348 to €59,512
- Other debts -€22,783
no longer reported in 2025 (was €22,783)
- Debts after one year -€3,869
down €3,869 (-9.2%), from €42,072 to €38,203
- Financial income +€2,015
up €2,015, from €0 to €2,015
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.
Derived cash bridge
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 | €275,422 | €323,497 | +€48,075 | +17.5% |
| Fixed assets | 21/28 | €95,320 | €111,849 | +€16,528 | +17.3% |
| Tangible fixed assets | 22/27 | €95,320 | €111,849 | +€16,528 | +17.3% |
| Land and buildings | 22 | €94,782 | €91,524 | -€3,258 | -3.4% |
| Furniture and vehicles | 24 | €538 | €422 | -€116 | -21.5% |
| Other tangible fixed assets | 26 | €0 | €19,902 | +€19,902 | |
| Current assets | 29/58 | €180,102 | €211,649 | +€31,546 | +17.5% |
| Stocks and contracts in progress | 3 | €32,175 | €32,175 | = | 0.0% |
| Stocks | 30/36 | €32,175 | €32,175 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,429 | €149,202 | +€97,773 | +190% |
| Trade receivables | 40 | €51,318 | €44,850 | -€6,468 | -12.6% |
| Other amounts receivable | 41 | €111 | €104,352 | +€104,241 | +94,013% |
| Cash at bank and in hand | 54/58 | €95,868 | €30,028 | -€65,841 | -68.7% |
| Deferred charges and accrued income | 490/1 | €629 | €244 | -€386 | -61.3% |
| Total equity and liabilities | 10/49 | €275,422 | €323,497 | +€48,075 | +17.5% |
| Equity | 10/15 | €170,278 | €220,935 | +€50,657 | +29.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,078 | €214,735 | +€50,657 | +30.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €62 | - | -€62 | |
| Distributable reserves | 133 | €162,156 | €212,875 | +€50,719 | +31.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,145 | €102,562 | -€2,582 | -2.5% |
| Amounts payable after more than one year | 17 | €42,072 | €38,203 | -€3,869 | -9.2% |
| Financial debts | 170/4 | €42,072 | €38,203 | -€3,869 | -9.2% |
| Amounts payable within one year | 42/48 | €63,063 | €64,359 | +€1,297 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,813 | €3,869 | +€56 | +1.5% |
| Financial debts | 43 | €92 | - | -€92 | |
| Credit institutions | 430/8 | €92 | - | -€92 | |
| Trade debts | 44 | €1,026 | €979 | -€47 | -4.6% |
| Suppliers | 440/4 | €1,026 | €979 | -€47 | -4.6% |
| Taxes, remuneration and social security | 45 | €35,348 | €59,512 | +€24,164 | +68.4% |
| Taxes | 450/3 | €35,348 | €59,512 | +€24,164 | +68.4% |
| Other amounts payable | 47/48 | €22,783 | - | -€22,783 | |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €3,374 | -€14 | -0.4% |
| Other operating charges | 640/8 | €2,016 | €2,640 | +€623 | +30.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €82,241 | €82,880 | +€639 | +0.8% |
| Operating profit (loss) | 9901 | €76,836 | €76,866 | +€30 | 0.0% |
| Financial income | 75/76B | €0 | €2,015 | +€2,015 | |
| Recurring financial income | 75 | €0 | €2,015 | +€2,015 | |
| Financial charges | 65/66B | €1,071 | €960 | -€111 | -10.4% |
| Recurring financial charges | 65 | €1,071 | €960 | -€111 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €75,765 | €77,921 | +€2,156 | +2.8% |
| Income taxes | 67/77 | €26,632 | €27,264 | +€632 | +2.4% |
| Profit (loss) for the period | 9904 | €49,133 | €50,657 | +€1,524 | +3.1% |
| Transfer from tax-exempt reserves | 789 | - | €62 | +€62 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,133 | €50,719 | +€1,586 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.