TAISO PROJECTS: 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.
TAISO PROJECTS
Largest movements
- Receivables within one year +€33,572
up €33,572 (+95.8%), from €35,061 to €68,633
of which Trade receivables: +€32,410
- Tangible fixed assets -€24,767
down €24,767 (-33.4%), from €74,181 to €49,413
of which Plant, machinery and equipment: -€16,389
- Cash +€10,132
up €10,132 (+13.9%), from €72,955 to €83,087
mainly Net result for the year (+€47,976) and Other debts (+€46,525)
- Reserves -€48,381
down €48,381 (-100.0%), from €48,381 to €0
- Other debts +€46,525
up €46,525 (+42.9%), from €108,485 to €155,009
- Accrued charges and deferred income +€19,645
up €19,645 (+2182.8%), from €900 to €20,545
- Tax, wage and social debts +€5,583
up €5,583 (+44.8%), from €12,470 to €18,053
- Debts after one year -€4,464
down €4,464 (-8.7%), from €51,462 to €46,999
- Gross operating margin -€14,189
down €14,189 (-14.7%), from €96,698 to €82,509
- Taxes -€4,866
down €4,866 (-27.6%), from €17,622 to €12,756
- Financial charges -€4,527
down €4,527 (-26.6%), from €17,030 to €12,503
- Depreciation -€4,363
down €4,363 (-33.3%), from €13,121 to €8,758
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 | €227,851 | €247,124 | +€19,272 | +8.5% |
| Fixed assets | 21/28 | €74,181 | €49,413 | -€24,767 | -33.4% |
| Tangible fixed assets | 22/27 | €74,181 | €49,413 | -€24,767 | -33.4% |
| Land and buildings | 22 | €56,314 | €48,248 | -€8,067 | -14.3% |
| Plant, machinery and equipment | 23 | €16,942 | €552 | -€16,389 | -96.7% |
| Furniture and vehicles | 24 | €924 | €613 | -€311 | -33.6% |
| Current assets | 29/58 | €153,671 | €197,711 | +€44,040 | +28.7% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,061 | €68,633 | +€33,572 | +95.8% |
| Trade receivables | 40 | €28,979 | €61,389 | +€32,410 | +111.8% |
| Other amounts receivable | 41 | €6,081 | €7,244 | +€1,163 | +19.1% |
| Cash at bank and in hand | 54/58 | €72,955 | €83,087 | +€10,132 | +13.9% |
| Deferred charges and accrued income | 490/1 | €656 | €991 | +€335 | +51.2% |
| Total equity and liabilities | 10/49 | €227,851 | €247,124 | +€19,272 | +8.5% |
| Equity | 10/15 | €49,881 | €1,500 | -€48,381 | -97.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €48,381 | €0 | -€48,381 | -100.0% |
| Distributable reserves | 133 | €48,381 | €0 | -€48,381 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €177,971 | €245,624 | +€67,653 | +38.0% |
| Amounts payable after more than one year | 17 | €51,462 | €46,999 | -€4,464 | -8.7% |
| Financial debts | 170/4 | €51,462 | €46,999 | -€4,464 | -8.7% |
| Amounts payable within one year | 42/48 | €125,608 | €178,080 | +€52,472 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €4,393 | €4,464 | +€70 | +1.6% |
| Financial debts | 43 | €59 | - | -€59 | |
| Credit institutions | 430/8 | €59 | - | -€59 | |
| Trade debts | 44 | €201 | €555 | +€354 | +175.8% |
| Suppliers | 440/4 | €201 | €555 | +€354 | +175.8% |
| Taxes, remuneration and social security | 45 | €12,470 | €18,053 | +€5,583 | +44.8% |
| Taxes | 450/3 | €12,470 | €18,053 | +€5,583 | +44.8% |
| Other amounts payable | 47/48 | €108,485 | €155,009 | +€46,525 | +42.9% |
| Accrued charges and deferred income | 492/3 | €900 | €20,545 | +€19,645 | +2182.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,121 | €8,758 | -€4,363 | -33.3% |
| Other operating charges | 640/8 | €1,029 | €1,166 | +€136 | +13.3% |
| Gross operating margin | 9900 | €96,698 | €82,509 | -€14,189 | -14.7% |
| Operating profit (loss) | 9901 | €82,547 | €72,586 | -€9,962 | -12.1% |
| Financial income | 75/76B | €651 | €649 | -€2 | -0.3% |
| Recurring financial income | 75 | €651 | €649 | -€2 | -0.3% |
| Financial charges | 65/66B | €17,030 | €12,503 | -€4,527 | -26.6% |
| Recurring financial charges | 65 | €17,030 | €12,503 | -€4,527 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €66,168 | €60,732 | -€5,437 | -8.2% |
| Income taxes | 67/77 | €17,622 | €12,756 | -€4,866 | -27.6% |
| Profit (loss) for the period | 9904 | €48,547 | €47,976 | -€571 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,547 | €47,976 | -€571 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.