TAKO: 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.
TAKO
Largest movements
- Receivables within one year +€107,314
up €107,314 (+57.1%), from €188,044 to €295,358
of which Other amounts receivable: +€158,823
- Cash +€66,649
up €66,649 (+2,230%), from €2,989 to €69,637
mainly Net result for the year (+€77,177) and Trade debts (+€40,732)
- Tangible fixed assets -€6,896
down €6,896 (-6.1%), from €113,417 to €106,521
- Reserves +€77,177
up €77,177 (+54.2%), from €142,312 to €219,488
- Trade debts +€40,732
up €40,732 (+48.2%), from €84,445 to €125,176
- Tax, wage and social debts +€38,723
up €38,723 (+72.4%), from €53,471 to €92,194
of which Taxes: +€40,862
- Other debts +€21,949
up €21,949 (+4,390%), from €500 to €22,449
- Current portion of long-term debt -€11,632
no longer reported in 2025 (was €11,632)
- Other operating charges +€2,728
up €2,728 (+46.6%), from €5,852 to €8,579
- Taxes -€1,601
down €1,601 (-4.5%), from €35,757 to €34,156
- Depreciation -€1,446
down €1,446 (-17.3%), from €8,342 to €6,896
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 | €304,760 | €471,708 | +€166,948 | +54.8% |
| Fixed assets | 21/28 | €113,417 | €106,521 | -€6,896 | -6.1% |
| Tangible fixed assets | 22/27 | €113,417 | €106,521 | -€6,896 | -6.1% |
| Land and buildings | 22 | €83,712 | €82,176 | -€1,536 | -1.8% |
| Plant, machinery and equipment | 23 | €5,234 | €4,221 | -€1,013 | -19.4% |
| Furniture and vehicles | 24 | €6,640 | €4,809 | -€1,831 | -27.6% |
| Other tangible fixed assets | 26 | €17,831 | €15,315 | -€2,517 | -14.1% |
| Current assets | 29/58 | €191,343 | €365,187 | +€173,844 | +90.9% |
| Amounts receivable within one year | 40/41 | €188,044 | €295,358 | +€107,314 | +57.1% |
| Trade receivables | 40 | €179,602 | €128,092 | -€51,510 | -28.7% |
| Other amounts receivable | 41 | €8,443 | €167,266 | +€158,823 | +1,881% |
| Cash at bank and in hand | 54/58 | €2,989 | €69,637 | +€66,649 | +2,230% |
| Deferred charges and accrued income | 490/1 | €310 | €192 | -€118 | -38.2% |
| Total equity and liabilities | 10/49 | €304,760 | €471,708 | +€166,948 | +54.8% |
| Equity | 10/15 | €154,712 | €231,888 | +€77,177 | +49.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €142,312 | €219,488 | +€77,177 | +54.2% |
| Distributable reserves | 133 | €142,312 | €219,488 | +€77,177 | +54.2% |
| Amounts payable | 17/49 | €150,048 | €239,819 | +€89,771 | +59.8% |
| Amounts payable within one year | 42/48 | €150,048 | €239,819 | +€89,771 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €11,632 | - | -€11,632 | |
| Trade debts | 44 | €84,445 | €125,176 | +€40,732 | +48.2% |
| Suppliers | 440/4 | €84,445 | €125,176 | +€40,732 | +48.2% |
| Taxes, remuneration and social security | 45 | €53,471 | €92,194 | +€38,723 | +72.4% |
| Taxes | 450/3 | €51,333 | €92,194 | +€40,862 | +79.6% |
| Remuneration and social security | 454/9 | €2,138 | - | -€2,138 | |
| Other amounts payable | 47/48 | €500 | €22,449 | +€21,949 | +4,390% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,342 | €6,896 | -€1,446 | -17.3% |
| Other operating charges | 640/8 | €5,852 | €8,579 | +€2,728 | +46.6% |
| Gross operating margin | 9900 | €126,069 | €126,941 | +€872 | +0.7% |
| Operating profit (loss) | 9901 | €111,876 | €111,466 | -€410 | -0.4% |
| Financial income | 75/76B | €0 | €846 | +€846 | +4,231,000% |
| Recurring financial income | 75 | €0 | €846 | +€846 | +4,231,000% |
| Financial charges | 65/66B | €1,151 | €979 | -€172 | -14.9% |
| Recurring financial charges | 65 | €1,151 | €979 | -€172 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €110,724 | €111,333 | +€608 | +0.5% |
| Income taxes | 67/77 | €35,757 | €34,156 | -€1,601 | -4.5% |
| Profit (loss) for the period | 9904 | €74,968 | €77,177 | +€2,209 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,968 | €77,177 | +€2,209 | +2.9% |
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 19 October 2026 via checked.be.