TAKVA: 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.
TAKVA
Largest movements
- Financial fixed assets +€61.6m
new in 2025: €61.6m
- Tangible fixed assets +€9.1m
up €9.1m (+112.2%), from €8.1m to €17.1m
of which Land and buildings: +€8.9m
- Cash +€1.3m
up €1.3m (+1738.0%), from €75,400 to €1.4m
mainly Contributions, distributions and other (+€63.7m) and Other debts (+€6.2m)
- Contributions +€63.7m
up €63.7m (+102825.8%), from €61,973 to €63.8m
- Other debts +€6.2m
up €6.2m (+507.6%), from €1.2m to €7.5m
- Profit (loss) carried forward +€1.1m
up €1.1m (+3295.0%), from €33,866 to €1.1m
- Gross operating margin +€2.7m
up €2.7m (+497.6%), from €538,669 to €3.2m
- Financial charges +€809,802
up €809,802 (+3390.6%), from €23,884 to €833,686
- Taxes +€410,905
up €410,905 (+42208.6%), from €974 to €411,879
- Depreciation +€166,469
up €166,469 (+45.8%), from €363,073 to €529,542
- Other operating charges +€125,470
up €125,470 (+85.3%), from €147,152 to €272,622
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 | €8,295,755 | €80,596,822 | +€72.3m | +871.5% |
| Fixed assets | 21/28 | €8,080,179 | €78,736,598 | +€70.7m | +874.4% |
| Tangible fixed assets | 22/27 | €8,080,179 | €17,145,398 | +€9.1m | +112.2% |
| Land and buildings | 22 | €7,875,780 | €16,778,760 | +€8.9m | +113.0% |
| Plant, machinery and equipment | 23 | €204,399 | €366,638 | +€162,238 | +79.4% |
| Financial fixed assets | 28 | - | €61,591,200 | +€61.6m | |
| Current assets | 29/58 | €215,575 | €1,860,224 | +€1.6m | +762.9% |
| Amounts receivable within one year | 40/41 | €60,533 | €445,803 | +€385,269 | +636.5% |
| Trade receivables | 40 | €60,533 | €445,803 | +€385,269 | +636.5% |
| Current investments | 50/53 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,400 | €1,385,872 | +€1.3m | +1738.0% |
| Deferred charges and accrued income | 490/1 | €79,626 | €28,532 | -€51,093 | -64.2% |
| Total equity and liabilities | 10/49 | €8,295,755 | €80,596,822 | +€72.3m | +871.5% |
| Equity | 10/15 | €101,720 | €65,001,826 | +€64.9m | +63802.6% |
| Contributions | 10/11 | €61,973 | €63,786,623 | +€63.7m | +102825.8% |
| Capital | 10 | €61,973 | €63,786,623 | +€63.7m | +102825.8% |
| Issued capital | 100 | €61,973 | €63,786,623 | +€63.7m | +102825.8% |
| Reserves | 13 | €5,881 | €65,467 | +€59,586 | +1013.2% |
| Non-distributable reserves | 130/1 | - | €59,586 | +€59,586 | |
| Legal reserve | 130 | - | €59,586 | +€59,586 | |
| Distributable reserves | 133 | €5,881 | €5,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,866 | €1,149,736 | +€1.1m | +3295.0% |
| Amounts payable | 17/49 | €8,194,035 | €15,594,996 | +€7.4m | +90.3% |
| Amounts payable after more than one year | 17 | €6,495,791 | €6,353,456 | -€142,335 | -2.2% |
| Financial debts | 170/4 | €6,395,932 | €6,252,463 | -€143,469 | -2.2% |
| Other amounts payable | 178/9 | €99,859 | €100,993 | +€1,134 | +1.1% |
| Amounts payable within one year | 42/48 | €1,698,244 | €8,449,895 | +€6.8m | +397.6% |
| Current portion of amounts payable after more than one year | 42 | €159,035 | €154,607 | -€4,428 | -2.8% |
| Trade debts | 44 | €309,891 | €745,171 | +€435,280 | +140.5% |
| Suppliers | 440/4 | €309,891 | €745,171 | +€435,280 | +140.5% |
| Taxes, remuneration and social security | 45 | €974 | €86,398 | +€85,425 | +8774.9% |
| Taxes | 450/3 | €974 | €86,398 | +€85,425 | +8774.9% |
| Other amounts payable | 47/48 | €1,228,344 | €7,463,718 | +€6.2m | +507.6% |
| Accrued charges and deferred income | 492/3 | - | €791,646 | +€791,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,073 | €529,542 | +€166,469 | +45.8% |
| Other operating charges | 640/8 | €147,152 | €272,622 | +€125,470 | +85.3% |
| Gross operating margin | 9900 | €538,669 | €3,218,870 | +€2.7m | +497.6% |
| Operating profit (loss) | 9901 | €28,444 | €2,416,706 | +€2.4m | +8396.5% |
| Financial income | 75/76B | €0 | €4,316 | +€4,315 | +4315410.0% |
| Recurring financial income | 75 | €0 | €4,316 | +€4,315 | +4315410.0% |
| Financial charges | 65/66B | €23,884 | €833,686 | +€809,802 | +3390.6% |
| Recurring financial charges | 65 | €23,884 | €833,686 | +€809,802 | +3390.6% |
| Profit (loss) for the period before taxes | 9903 | €4,560 | €1,587,335 | +€1.6m | +34711.9% |
| Income taxes | 67/77 | €974 | €411,879 | +€410,905 | +42208.6% |
| Profit (loss) for the period | 9904 | €3,586 | €1,175,456 | +€1.2m | +32676.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,586 | €1,175,456 | +€1.2m | +32676.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.