TAM DECORATION: what changed
TAM DECORATION
Largest movements
- Receivables within one year -€15,266
down €15,266 (-17.6%), from €86,629 to €71,364
of which Other amounts receivable: -€18,626
- Cash -€13,246
down €13,246 (-92.6%), from €14,302 to €1,056
mainly Net result for the year (-€30,918) and Investment in fixed assets (net) (-€21,591)
- Tangible fixed assets +€8,283
up €8,283 (+33.3%), from €24,851 to €33,134
of which Plant, machinery and equipment: +€8,273
- Profit (loss) carried forward -€30,918
down €30,918 (-33.9%), from €91,084 to €60,166
- Trade debts +€18,023
up €18,023 (+194%), from €9,308 to €27,331
- Debts after one year -€5,425
down €5,425 (-58.9%), from €9,208 to €3,783
- Tax, wage and social debts -€2,674
down €2,674 (-98.9%), from €2,704 to €31
of which Remuneration and social security: -€2,674
- Gross operating margin -€22,402
down €22,402 (-26.8%), from €83,576 to €61,174
- Staff costs +€9,711
up €9,711 (+20.5%), from €47,457 to €57,167
- Taxes +€7,113
up €7,113 (+63.4%), from €11,220 to €18,333
- Depreciation +€5,448
up €5,448 (+69.3%), from €7,860 to €13,307
- Write-downs -€3,254
no longer reported in 2025 (was €3,254)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,026 | €105,798 | -€20,228 | -16.1% |
| Fixed assets | 21/28 | €25,095 | €33,378 | +€8,283 | +33.0% |
| Tangible fixed assets | 22/27 | €24,851 | €33,134 | +€8,283 | +33.3% |
| Land and buildings | 22 | €2,924 | €2,330 | -€595 | -20.3% |
| Plant, machinery and equipment | 23 | €2,935 | €11,208 | +€8,273 | +282% |
| Furniture and vehicles | 24 | €18,992 | €19,597 | +€605 | +3.2% |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €100,931 | €72,420 | -€28,511 | -28.2% |
| Amounts receivable within one year | 40/41 | €86,629 | €71,364 | -€15,266 | -17.6% |
| Trade receivables | 40 | €9,639 | €13,000 | +€3,361 | +34.9% |
| Other amounts receivable | 41 | €76,990 | €58,364 | -€18,626 | -24.2% |
| Cash at bank and in hand | 54/58 | €14,302 | €1,056 | -€13,246 | -92.6% |
| Total equity and liabilities | 10/49 | €126,026 | €105,798 | -€20,228 | -16.1% |
| Equity | 10/15 | €99,944 | €69,026 | -€30,918 | -30.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,600 | €11,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,084 | €60,166 | -€30,918 | -33.9% |
| Amounts payable | 17/49 | €26,082 | €36,772 | +€10,690 | +41.0% |
| Amounts payable after more than one year | 17 | €9,208 | €3,783 | -€5,425 | -58.9% |
| Financial debts | 170/4 | €9,208 | €3,783 | -€5,425 | -58.9% |
| Amounts payable within one year | 42/48 | €16,874 | €32,989 | +€16,115 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €4,862 | €5,425 | +€563 | +11.6% |
| Financial debts | 43 | - | €202 | +€202 | |
| Credit institutions | 430/8 | - | €202 | +€202 | |
| Trade debts | 44 | €9,308 | €27,331 | +€18,023 | +194% |
| Suppliers | 440/4 | €9,308 | €27,331 | +€18,023 | +194% |
| Taxes, remuneration and social security | 45 | €2,704 | €31 | -€2,674 | -98.9% |
| Taxes | 450/3 | €31 | €31 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,674 | - | -€2,674 | |
| Remuneration, social security and pensions | 62 | €47,457 | €57,167 | +€9,711 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,860 | €13,307 | +€5,448 | +69.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,254 | - | -€3,254 | |
| Other operating charges | 640/8 | €4,523 | €1,689 | -€2,834 | -62.7% |
| Gross operating margin | 9900 | €83,576 | €61,174 | -€22,402 | -26.8% |
| Operating profit (loss) | 9901 | €20,483 | -€10,990 | -€31,472 | |
| Financial income | 75/76B | €8 | €3 | -€5 | -62.9% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -62.9% |
| Financial charges | 65/66B | €831 | €1,598 | +€767 | +92.3% |
| Recurring financial charges | 65 | €831 | €1,598 | +€767 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €19,660 | -€12,585 | -€32,245 | |
| Income taxes | 67/77 | €11,220 | €18,333 | +€7,113 | +63.4% |
| Profit (loss) for the period | 9904 | €8,440 | -€30,918 | -€39,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,440 | -€30,918 | -€39,358 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.