Taiyang: 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.
Taiyang
Largest movements
- Receivables within one year -€38,709
down €38,709 (-90.4%), from €42,809 to €4,100
of which Trade receivables: -€40,359
- Cash -€12,542
down €12,542 (-36.0%), from €34,829 to €22,288
- Tangible fixed assets +€12,024
up €12,024 (+12.1%), from €99,334 to €111,358
of which Land and buildings: +€58,888
- Other debts +€99,121
up €99,121 (+117.3%), from €84,520 to €183,641
- Profit (loss) carried forward -€81,843
down €81,843 (-127.9%), from -€64,000 to -€145,843
- Debts after one year -€34,336
down €34,336 (-42.3%), from €81,165 to €46,828
- Trade debts -€19,917
down €19,917 (-39.6%), from €50,292 to €30,375
- Tax, wage and social debts -€5,098
down €5,098 (-65.7%), from €7,758 to €2,660
of which Taxes: -€3,742
- Gross operating margin -€53,358
down €53,358, from €50,576 to -€2,782
- Other operating charges +€50,475
up €50,475 (+798.8%), from €6,319 to €56,793
- Staff costs -€48,501
down €48,501 (-80.3%), from €60,416 to €11,915
- Depreciation +€2,259
up €2,259 (+17.0%), from €13,299 to €15,558
- Financial charges -€2,057
down €2,057 (-72.0%), from €2,855 to €798
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,570 | €142,495 | -€41,075 | -22.4% |
| Fixed assets | 21/28 | €102,604 | €114,108 | +€11,504 | +11.2% |
| Intangible fixed assets | 21 | €520 | - | -€520 | |
| Tangible fixed assets | 22/27 | €99,334 | €111,358 | +€12,024 | +12.1% |
| Land and buildings | 22 | €2,453 | €61,341 | +€58,888 | +2400.8% |
| Plant, machinery and equipment | 23 | €53,567 | €23,978 | -€29,590 | -55.2% |
| Furniture and vehicles | 24 | €32,702 | €15,005 | -€17,697 | -54.1% |
| Other tangible fixed assets | 26 | €10,611 | €11,034 | +€422 | +4.0% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €80,967 | €28,388 | -€52,579 | -64.9% |
| Stocks and contracts in progress | 3 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Stocks | 30/36 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €42,809 | €4,100 | -€38,709 | -90.4% |
| Trade receivables | 40 | €42,809 | €2,449 | -€40,359 | -94.3% |
| Other amounts receivable | 41 | - | €1,651 | +€1,651 | |
| Cash at bank and in hand | 54/58 | €34,829 | €22,288 | -€12,542 | -36.0% |
| Deferred charges and accrued income | 490/1 | €329 | - | -€329 | |
| Total equity and liabilities | 10/49 | €183,570 | €142,495 | -€41,075 | -22.4% |
| Equity | 10/15 | -€59,000 | -€140,843 | -€81,843 | -138.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,000 | -€145,843 | -€81,843 | -127.9% |
| Amounts payable | 17/49 | €242,571 | €283,338 | +€40,768 | +16.8% |
| Amounts payable after more than one year | 17 | €81,165 | €46,828 | -€34,336 | -42.3% |
| Financial debts | 170/4 | €81,165 | €46,828 | -€34,336 | -42.3% |
| Amounts payable within one year | 42/48 | €161,406 | €236,510 | +€75,104 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €18,835 | €19,834 | +€998 | +5.3% |
| Trade debts | 44 | €50,292 | €30,375 | -€19,917 | -39.6% |
| Suppliers | 440/4 | €50,292 | €30,375 | -€19,917 | -39.6% |
| Taxes, remuneration and social security | 45 | €7,758 | €2,660 | -€5,098 | -65.7% |
| Taxes | 450/3 | €3,769 | €27 | -€3,742 | -99.3% |
| Remuneration and social security | 454/9 | €3,989 | €2,633 | -€1,356 | -34.0% |
| Other amounts payable | 47/48 | €84,520 | €183,641 | +€99,121 | +117.3% |
| Remuneration, social security and pensions | 62 | €60,416 | €11,915 | -€48,501 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,299 | €15,558 | +€2,259 | +17.0% |
| Other operating charges | 640/8 | €6,319 | €56,793 | +€50,475 | +798.8% |
| Gross operating margin | 9900 | €50,576 | -€2,782 | -€53,358 | |
| Operating profit (loss) | 9901 | -€29,457 | -€87,048 | -€57,590 | -195.5% |
| Financial income | 75/76B | €0 | €1,203 | +€1,202 | +667961.1% |
| Recurring financial income | 75 | €0 | €1,203 | +€1,202 | +667961.1% |
| Financial charges | 65/66B | €2,855 | €798 | -€2,057 | -72.0% |
| Recurring financial charges | 65 | €2,855 | €798 | -€2,057 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,312 | -€86,643 | -€54,331 | -168.1% |
| Profit (loss) for the period | 9904 | -€32,312 | -€86,643 | -€54,331 | -168.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,312 | -€86,643 | -€54,331 | -168.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.