TAJ GROUP: 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.
TAJ GROUP
Largest movements
- Cash +€49,563
up €49,563 (+4,203%), from €1,179 to €50,742
mainly Net result for the year (+€27,731) and Depreciation (+€9,393)
- Tangible fixed assets -€9,393
down €9,393 (-50.7%), from €18,535 to €9,142
- Receivables within one year -€6,820
down €6,820 (-36.5%), from €18,671 to €11,851
of which Trade receivables: -€6,891
- Profit (loss) carried forward +€27,731
up €27,731 (+80.3%), from €34,542 to €62,273
- Tax, wage and social debts +€5,529
up €5,529 (+144%), from €3,842 to €9,372
- Gross operating margin +€50,496
up €50,496, from -€7,888 to €42,608
- Taxes +€2,509
up €2,509 (+253%), from €991 to €3,500
- Other operating charges -€1,388
down €1,388 (-46.6%), from €2,978 to €1,590
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 | €38,385 | €71,735 | +€33,350 | +86.9% |
| Fixed assets | 21/28 | €18,535 | €9,142 | -€9,393 | -50.7% |
| Tangible fixed assets | 22/27 | €18,535 | €9,142 | -€9,393 | -50.7% |
| Furniture and vehicles | 24 | €18,535 | €9,142 | -€9,393 | -50.7% |
| Current assets | 29/58 | €19,850 | €62,593 | +€42,743 | +215% |
| Amounts receivable within one year | 40/41 | €18,671 | €11,851 | -€6,820 | -36.5% |
| Trade receivables | 40 | €17,636 | €10,745 | -€6,891 | -39.1% |
| Other amounts receivable | 41 | €1,035 | €1,106 | +€71 | +6.9% |
| Cash at bank and in hand | 54/58 | €1,179 | €50,742 | +€49,563 | +4,203% |
| Total equity and liabilities | 10/49 | €38,385 | €71,735 | +€33,350 | +86.9% |
| Equity | 10/15 | €34,542 | €62,274 | +€27,732 | +80.3% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €34,542 | €62,273 | +€27,731 | +80.3% |
| Amounts payable | 17/49 | €3,842 | €9,461 | +€5,619 | +146% |
| Amounts payable within one year | 42/48 | €3,842 | €9,461 | +€5,619 | +146% |
| Trade debts | 44 | - | €89 | +€89 | |
| Suppliers | 440/4 | - | €89 | +€89 | |
| Taxes, remuneration and social security | 45 | €3,842 | €9,372 | +€5,529 | +144% |
| Taxes | 450/3 | €3,842 | €9,372 | +€5,529 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,461 | €9,393 | -€68 | -0.7% |
| Other operating charges | 640/8 | €2,978 | €1,590 | -€1,388 | -46.6% |
| Gross operating margin | 9900 | -€7,888 | €42,608 | +€50,496 | |
| Operating profit (loss) | 9901 | -€20,327 | €31,625 | +€51,952 | |
| Financial charges | 65/66B | €1 | €395 | +€393 | +26,750% |
| Recurring financial charges | 65 | €1 | €395 | +€393 | +26,750% |
| Profit (loss) for the period before taxes | 9903 | -€20,328 | €31,231 | +€51,559 | |
| Income taxes | 67/77 | €991 | €3,500 | +€2,509 | +253% |
| Profit (loss) for the period | 9904 | -€21,319 | €27,731 | +€49,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,319 | €27,731 | +€49,050 |
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 16 October 2026 via checked.be.