TAKHEROUBT: 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.
TAKHEROUBT
Largest movements
- Receivables within one year +€112,791
up €112,791 (+47.3%), from €238,375 to €351,167
of which Trade receivables: +€96,313
- Tangible fixed assets -€78,534
down €78,534 (-6.9%), from €1.1m to €1.1m
of which Land and buildings: -€42,867
- Cash -€29,748
down €29,748 (-53.9%), from €55,218 to €25,469
mainly Receivables within one year (-€112,791) and Debts after one year (-€74,703)
- Debts after one year -€74,703
down €74,703 (-12.1%), from €619,542 to €544,839
of which Financial debts: -€74,703
- Tax, wage and social debts +€42,163
up €42,163 (+91.9%), from €45,861 to €88,024
of which Remuneration and social security: +€47,051
- Reserves +€40,189
up €40,189 (+21.2%), from €189,588 to €229,777
of which Distributable reserves: +€40,189
- Trade debts +€14,865
up €14,865 (+41.9%), from €35,440 to €50,304
- Staff costs +€34,640
up €34,640 (+8.3%), from €416,512 to €451,151
- Depreciation -€19,750
down €19,750 (-14.3%), from €137,694 to €117,944
- Gross operating margin +€8,014
up €8,014 (+1.2%), from €672,394 to €680,408
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 | €1,441,060 | €1,456,884 | +€15,823 | +1.1% |
| Fixed assets | 21/28 | €1,132,959 | €1,054,425 | -€78,534 | -6.9% |
| Tangible fixed assets | 22/27 | €1,132,959 | €1,054,425 | -€78,534 | -6.9% |
| Land and buildings | 22 | €923,006 | €880,139 | -€42,867 | -4.6% |
| Furniture and vehicles | 24 | €25,915 | €19,274 | -€6,640 | -25.6% |
| Leasing and similar rights | 25 | €184,038 | €155,012 | -€29,026 | -15.8% |
| Current assets | 29/58 | €308,101 | €402,459 | +€94,357 | +30.6% |
| Amounts receivable within one year | 40/41 | €238,375 | €351,167 | +€112,791 | +47.3% |
| Trade receivables | 40 | €230,557 | €326,870 | +€96,313 | +41.8% |
| Other amounts receivable | 41 | €7,818 | €24,296 | +€16,478 | +210.8% |
| Current investments | 50/53 | €10,278 | €11,478 | +€1,200 | +11.7% |
| Cash at bank and in hand | 54/58 | €55,218 | €25,469 | -€29,748 | -53.9% |
| Deferred charges and accrued income | 490/1 | €4,231 | €14,345 | +€10,114 | +239.1% |
| Total equity and liabilities | 10/49 | €1,441,060 | €1,456,884 | +€15,823 | +1.1% |
| Equity | 10/15 | €593,801 | €633,990 | +€40,189 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,588 | €229,777 | +€40,189 | +21.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €187,728 | €227,917 | +€40,189 | +21.4% |
| Profit (loss) carried forward | 14 | €398,013 | €398,013 | = | 0.0% |
| Amounts payable | 17/49 | €847,259 | €822,893 | -€24,366 | -2.9% |
| Amounts payable after more than one year | 17 | €619,542 | €544,839 | -€74,703 | -12.1% |
| Financial debts | 170/4 | €618,342 | €543,639 | -€74,703 | -12.1% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €221,374 | €271,769 | +€50,394 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €126,925 | €122,363 | -€4,562 | -3.6% |
| Financial debts | 43 | €8,465 | - | -€8,465 | |
| Other loans | 439 | €8,465 | - | -€8,465 | |
| Trade debts | 44 | €35,440 | €50,304 | +€14,865 | +41.9% |
| Suppliers | 440/4 | €35,440 | €50,304 | +€14,865 | +41.9% |
| Advances received on contracts in progress | 46 | - | €11,078 | +€11,078 | |
| Taxes, remuneration and social security | 45 | €45,861 | €88,024 | +€42,163 | +91.9% |
| Taxes | 450/3 | €17,179 | €12,291 | -€4,888 | -28.5% |
| Remuneration and social security | 454/9 | €28,682 | €75,733 | +€47,051 | +164.0% |
| Other amounts payable | 47/48 | €4,683 | - | -€4,683 | |
| Accrued charges and deferred income | 492/3 | €6,343 | €6,286 | -€57 | -0.9% |
| Non-recurring operating income | 76A | €1,259 | €1,240 | -€19 | -1.5% |
| Remuneration, social security and pensions | 62 | €416,512 | €451,151 | +€34,640 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,694 | €117,944 | -€19,750 | -14.3% |
| Other operating charges | 640/8 | €22,323 | €19,307 | -€3,016 | -13.5% |
| Non-recurring operating charges | 66A | €4,335 | €2,235 | -€2,101 | -48.5% |
| Gross operating margin | 9900 | €672,394 | €680,408 | +€8,014 | +1.2% |
| Operating profit (loss) | 9901 | €91,531 | €89,771 | -€1,760 | -1.9% |
| Financial income | 75/76B | €24 | €8 | -€16 | -67.5% |
| Recurring financial income | 75 | €24 | €8 | -€16 | -67.5% |
| Financial charges | 65/66B | €33,663 | €29,068 | -€4,595 | -13.6% |
| Recurring financial charges | 65 | €33,663 | €29,068 | -€4,595 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €57,892 | €60,711 | +€2,819 | +4.9% |
| Income taxes | 67/77 | €17,595 | €20,522 | +€2,927 | +16.6% |
| Profit (loss) for the period | 9904 | €40,297 | €40,189 | -€108 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,297 | €40,189 | -€108 | -0.3% |
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 10 October 2026 via checked.be.