TAKEVAL: 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.
TAKEVAL
Largest movements
- Receivables within one year +€43,378
up €43,378 (+64.3%), from €67,415 to €110,794
of which Trade receivables: +€28,131
- Tangible fixed assets +€41,665
up €41,665 (+42.0%), from €99,208 to €140,873
- Reserves +€73,470
up €73,470 (+25.5%), from €287,970 to €361,440
- Trade debts +€44,250
up €44,250 (+1989.1%), from €2,225 to €46,474
- Tax, wage and social debts -€19,873
down €19,873 (-68.0%), from €29,239 to €9,367
- Debts after one year -€8,944
down €8,944 (-13.6%), from €65,824 to €56,880
- Provisions -€7,261
down €7,261 (-18.4%), from €39,491 to €32,230
- Gross operating margin -€65,905
down €65,905 (-35.2%), from €187,439 to €121,534
- Taxes -€19,396
down €19,396 (-36.3%), from €53,361 to €33,965
- Provisions -€11,853
down €11,853, from €4,593 to -€7,261
- Depreciation +€4,206
up €4,206 (+31.9%), from €13,200 to €17,406
- Other operating charges -€2,249
down €2,249 (-41.5%), from €5,420 to €3,171
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 | €448,095 | €530,613 | +€82,518 | +18.4% |
| Fixed assets | 21/28 | €99,208 | €140,873 | +€41,665 | +42.0% |
| Tangible fixed assets | 22/27 | €99,208 | €140,873 | +€41,665 | +42.0% |
| Other tangible fixed assets | 26 | €99,208 | €140,873 | +€41,665 | +42.0% |
| Current assets | 29/58 | €348,887 | €389,741 | +€40,854 | +11.7% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,415 | €110,794 | +€43,378 | +64.3% |
| Trade receivables | 40 | €27,674 | €55,805 | +€28,131 | +101.7% |
| Other amounts receivable | 41 | €39,741 | €54,988 | +€15,247 | +38.4% |
| Cash at bank and in hand | 54/58 | €210,072 | €205,865 | -€4,207 | -2.0% |
| Deferred charges and accrued income | 490/1 | €6,399 | €8,082 | +€1,683 | +26.3% |
| Total equity and liabilities | 10/49 | €448,095 | €530,613 | +€82,518 | +18.4% |
| Equity | 10/15 | €302,672 | €376,143 | +€73,471 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €287,970 | €361,440 | +€73,470 | +25.5% |
| Distributable reserves | 133 | €287,970 | €361,440 | +€73,470 | +25.5% |
| Profit (loss) carried forward | 14 | €8,502 | €8,503 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €39,491 | €32,230 | -€7,261 | -18.4% |
| Provisions for liabilities and charges | 160/5 | €39,491 | €32,230 | -€7,261 | -18.4% |
| Other liabilities and charges | 164/5 | €39,491 | €32,230 | -€7,261 | -18.4% |
| Amounts payable | 17/49 | €105,932 | €122,240 | +€16,308 | +15.4% |
| Amounts payable after more than one year | 17 | €65,824 | €56,880 | -€8,944 | -13.6% |
| Financial debts | 170/4 | €65,824 | €56,880 | -€8,944 | -13.6% |
| Amounts payable within one year | 42/48 | €40,108 | €64,785 | +€24,677 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €8,644 | €8,944 | +€300 | +3.5% |
| Trade debts | 44 | €2,225 | €46,474 | +€44,250 | +1989.1% |
| Suppliers | 440/4 | €2,225 | €46,474 | +€44,250 | +1989.1% |
| Taxes, remuneration and social security | 45 | €29,239 | €9,367 | -€19,873 | -68.0% |
| Taxes | 450/3 | €29,239 | €9,367 | -€19,873 | -68.0% |
| Accrued charges and deferred income | 492/3 | €0 | €575 | +€575 | |
| Non-recurring operating income | 76A | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,200 | €17,406 | +€4,206 | +31.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,593 | -€7,261 | -€11,853 | |
| Other operating charges | 640/8 | €5,420 | €3,171 | -€2,249 | -41.5% |
| Non-recurring operating charges | 66A | €1,516 | €0 | -€1,516 | -100.0% |
| Gross operating margin | 9900 | €187,439 | €121,534 | -€65,905 | -35.2% |
| Operating profit (loss) | 9901 | €162,710 | €108,217 | -€54,494 | -33.5% |
| Financial income | 75/76B | €3,549 | €4,465 | +€916 | +25.8% |
| Recurring financial income | 75 | €3,549 | €4,465 | +€916 | +25.8% |
| Financial charges | 65/66B | €4,805 | €5,246 | +€441 | +9.2% |
| Recurring financial charges | 65 | €4,805 | €5,246 | +€441 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €161,454 | €107,436 | -€54,018 | -33.5% |
| Income taxes | 67/77 | €53,361 | €33,965 | -€19,396 | -36.3% |
| Profit (loss) for the period | 9904 | €108,093 | €73,471 | -€34,622 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,093 | €73,471 | -€34,622 | -32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.