TAKVLAM: 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.
TAKVLAM
Largest movements
- Cash +€115,638
up €115,638 (+46.8%), from €247,135 to €362,773
mainly Net result for the year (+€143,764) and Receivables within one year (+€29,868)
- Current investments +€60,800
up €60,800 (+152%), from €40,000 to €100,800
- Receivables within one year -€29,868
down €29,868 (-45.8%), from €65,147 to €35,279
of which Other amounts receivable: -€29,008
- Reserves +€143,764
up €143,764 (+42.5%), from €337,940 to €481,705
- Gross operating margin +€42,706
up €42,706 (+29.6%), from €144,198 to €186,904
- Taxes +€11,007
up €11,007 (+35.3%), from €31,213 to €42,220
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 | €369,078 | €512,612 | +€143,535 | +38.9% |
| Fixed assets | 21/28 | €16,795 | €13,760 | -€3,035 | -18.1% |
| Tangible fixed assets | 22/27 | €16,795 | €13,760 | -€3,035 | -18.1% |
| Furniture and vehicles | 24 | €16,795 | €13,760 | -€3,035 | -18.1% |
| Current assets | 29/58 | €352,282 | €498,852 | +€146,569 | +41.6% |
| Amounts receivable within one year | 40/41 | €65,147 | €35,279 | -€29,868 | -45.8% |
| Trade receivables | 40 | €1,593 | €733 | -€860 | -54.0% |
| Other amounts receivable | 41 | €63,554 | €34,546 | -€29,008 | -45.6% |
| Current investments | 50/53 | €40,000 | €100,800 | +€60,800 | +152% |
| Cash at bank and in hand | 54/58 | €247,135 | €362,773 | +€115,638 | +46.8% |
| Total equity and liabilities | 10/49 | €369,078 | €512,612 | +€143,535 | +38.9% |
| Equity | 10/15 | €356,490 | €500,255 | +€143,764 | +40.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €337,940 | €481,705 | +€143,764 | +42.5% |
| Distributable reserves | 133 | €337,940 | €481,705 | +€143,764 | +42.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €12,587 | €12,357 | -€230 | -1.8% |
| Amounts payable within one year | 42/48 | €12,587 | €12,357 | -€230 | -1.8% |
| Trade debts | 44 | €1,167 | €622 | -€545 | -46.7% |
| Suppliers | 440/4 | €1,167 | €622 | -€545 | -46.7% |
| Taxes, remuneration and social security | 45 | €2,700 | €2,700 | = | 0.0% |
| Taxes | 450/3 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €8,720 | €9,035 | +€315 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,004 | €3,035 | +€31 | +1.0% |
| Other operating charges | 640/8 | €617 | €741 | +€124 | +20.1% |
| Gross operating margin | 9900 | €144,198 | €186,904 | +€42,706 | +29.6% |
| Operating profit (loss) | 9901 | €140,577 | €183,128 | +€42,551 | +30.3% |
| Financial income | 75/76B | €1,061 | €2,902 | +€1,841 | +174% |
| Recurring financial income | 75 | €1,061 | €2,902 | +€1,841 | +174% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €141,594 | €185,985 | +€44,391 | +31.4% |
| Income taxes | 67/77 | €31,213 | €42,220 | +€11,007 | +35.3% |
| Profit (loss) for the period | 9904 | €110,381 | €143,764 | +€33,383 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,381 | €143,764 | +€33,383 | +30.2% |
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 17 October 2026 via checked.be.