Tak 44: 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.
Tak 44
Largest movements
- Receivables within one year +€61,209
new in 2025: €61,209
- Deferred charges and accrued income -€52,481
down €52,481 (-64.0%), from €81,983 to €29,502
- Cash +€51,301
up €51,301 (+33.2%), from €154,741 to €206,042
mainly Net result for the year (+€100,113) and Deferred charges and accrued income (+€52,481)
- Current investments +€7,700
up €7,700 (+1.9%), from €400,000 to €407,700
- Profit (loss) carried forward +€100,113
up €100,113 (+35.7%), from €280,286 to €380,399
- Accrued charges and deferred income -€41,537
no longer reported in 2025 (was €41,537)
- Tax, wage and social debts +€8,636
up €8,636 (+92.5%), from €9,338 to €17,974
- Purchases and services -€80,699
down €80,699 (-29.0%), from €277,895 to €197,196
- Turnover -€50,164
down €50,164 (-13.5%), from €372,926 to €322,762
- Gross operating margin +€27,279
up €27,279 (+27.8%), from €98,287 to €125,566
- Taxes +€7,240
up €7,240 (+28.1%), from €25,745 to €32,985
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 | €636,724 | €704,452 | +€67,728 | +10.6% |
| Current assets | 29/58 | €636,724 | €704,452 | +€67,728 | +10.6% |
| Amounts receivable within one year | 40/41 | - | €61,209 | +€61,209 | |
| Trade receivables | 40 | - | €61,209 | +€61,209 | |
| Current investments | 50/53 | €400,000 | €407,700 | +€7,700 | +1.9% |
| Cash at bank and in hand | 54/58 | €154,741 | €206,042 | +€51,301 | +33.2% |
| Deferred charges and accrued income | 490/1 | €81,983 | €29,502 | -€52,481 | -64.0% |
| Total equity and liabilities | 10/49 | €636,724 | €704,452 | +€67,728 | +10.6% |
| Equity | 10/15 | €585,849 | €685,962 | +€100,113 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €299,363 | €299,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €299,363 | €297,503 | -€1,860 | -0.6% |
| Profit (loss) carried forward | 14 | €280,286 | €380,399 | +€100,113 | +35.7% |
| Amounts payable | 17/49 | €50,875 | €18,491 | -€32,385 | -63.7% |
| Amounts payable within one year | 42/48 | €9,338 | €18,491 | +€9,152 | +98.0% |
| Trade debts | 44 | - | €516 | +€516 | |
| Suppliers | 440/4 | - | €516 | +€516 | |
| Taxes, remuneration and social security | 45 | €9,338 | €17,974 | +€8,636 | +92.5% |
| Taxes | 450/3 | €9,338 | €17,974 | +€8,636 | +92.5% |
| Accrued charges and deferred income | 492/3 | €41,537 | - | -€41,537 | |
| Turnover | 70 | €372,926 | €322,762 | -€50,164 | -13.5% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €277,895 | €197,196 | -€80,699 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | - | -€70 | |
| Other operating charges | 640/8 | €1,316 | €400 | -€916 | -69.6% |
| Gross operating margin | 9900 | €98,287 | €125,566 | +€27,279 | +27.8% |
| Operating profit (loss) | 9901 | €96,902 | €125,166 | +€28,264 | +29.2% |
| Financial income | 75/76B | €6,150 | €8,137 | +€1,987 | +32.3% |
| Recurring financial income | 75 | €6,150 | €8,137 | +€1,987 | +32.3% |
| Financial charges | 65/66B | €72 | €205 | +€133 | +184% |
| Recurring financial charges | 65 | €72 | €205 | +€133 | +184% |
| Profit (loss) for the period before taxes | 9903 | €102,980 | €133,098 | +€30,118 | +29.2% |
| Income taxes | 67/77 | €25,745 | €32,985 | +€7,240 | +28.1% |
| Profit (loss) for the period | 9904 | €77,235 | €100,113 | +€22,878 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,235 | €100,113 | +€22,878 | +29.6% |
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 15 October 2026 via checked.be.