TAMAFIN: 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.
TAMAFIN
Largest movements
- Intangible fixed assets -€42,500
down €42,500 (-29.6%), from €143,521 to €101,021
- Receivables within one year +€41,189
up €41,189 (+236.0%), from €17,454 to €58,643
of which Other amounts receivable: +€40,519
- Tangible fixed assets +€26,480
up €26,480 (+23.0%), from €114,903 to €141,384
of which Furniture and vehicles: +€30,911
- Reserves +€41,320
up €41,320 (+14.3%), from €288,944 to €330,263
- Debts after one year -€35,626
down €35,626 (-8.4%), from €425,811 to €390,184
- Tax, wage and social debts +€17,810
up €17,810 (+51.4%), from €34,649 to €52,458
of which Remuneration and social security: +€33,877
- Staff costs +€94,012
up €94,012 (+64.7%), from €145,398 to €239,410
- Financial income -€92,087
down €92,087 (-64.6%), from €142,484 to €50,397
- Taxes -€29,951
down €29,951 (-91.8%), from €32,632 to €2,681
- Gross operating margin +€20,193
up €20,193 (+6.7%), from €301,076 to €321,269
- Depreciation -€11,550
down €11,550 (-14.0%), from €82,420 to €70,870
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 | €883,316 | €913,699 | +€30,383 | +3.4% |
| Fixed assets | 21/28 | €820,425 | €804,405 | -€16,020 | -2.0% |
| Intangible fixed assets | 21 | €143,521 | €101,021 | -€42,500 | -29.6% |
| Tangible fixed assets | 22/27 | €114,903 | €141,384 | +€26,480 | +23.0% |
| Furniture and vehicles | 24 | €71,794 | €102,705 | +€30,911 | +43.1% |
| Other tangible fixed assets | 26 | €43,110 | €38,679 | -€4,430 | -10.3% |
| Financial fixed assets | 28 | €562,000 | €562,000 | = | 0.0% |
| Current assets | 29/58 | €62,891 | €109,294 | +€46,403 | +73.8% |
| Amounts receivable within one year | 40/41 | €17,454 | €58,643 | +€41,189 | +236.0% |
| Trade receivables | 40 | - | €670 | +€670 | |
| Other amounts receivable | 41 | €17,454 | €57,973 | +€40,519 | +232.1% |
| Cash at bank and in hand | 54/58 | €3,962 | €6,566 | +€2,603 | +65.7% |
| Deferred charges and accrued income | 490/1 | €41,475 | €44,086 | +€2,610 | +6.3% |
| Total equity and liabilities | 10/49 | €883,316 | €913,699 | +€30,383 | +3.4% |
| Equity | 10/15 | €295,144 | €336,463 | +€41,320 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €288,944 | €330,263 | +€41,320 | +14.3% |
| Distributable reserves | 133 | €288,944 | €330,263 | +€41,320 | +14.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €588,173 | €577,236 | -€10,936 | -1.9% |
| Amounts payable after more than one year | 17 | €425,811 | €390,184 | -€35,626 | -8.4% |
| Financial debts | 170/4 | €425,811 | €390,184 | -€35,626 | -8.4% |
| Amounts payable within one year | 42/48 | €159,337 | €187,052 | +€27,715 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €88,055 | €95,925 | +€7,869 | +8.9% |
| Financial debts | 43 | €36,016 | €38,078 | +€2,063 | +5.7% |
| Credit institutions | 430/8 | €36,016 | €38,078 | +€2,063 | +5.7% |
| Trade debts | 44 | €617 | €591 | -€27 | -4.3% |
| Suppliers | 440/4 | €617 | €591 | -€27 | -4.3% |
| Taxes, remuneration and social security | 45 | €34,649 | €52,458 | +€17,810 | +51.4% |
| Taxes | 450/3 | €25,119 | €9,051 | -€16,068 | -64.0% |
| Remuneration and social security | 454/9 | €9,530 | €43,407 | +€33,877 | +355.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,025 | €0 | -€3,025 | -100.0% |
| Non-recurring operating income | 76A | €7,030 | €34,484 | +€27,453 | +390.5% |
| Remuneration, social security and pensions | 62 | €145,398 | €239,410 | +€94,012 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,420 | €70,870 | -€11,550 | -14.0% |
| Other operating charges | 640/8 | €1,731 | €1,569 | -€162 | -9.4% |
| Gross operating margin | 9900 | €301,076 | €321,269 | +€20,193 | +6.7% |
| Operating profit (loss) | 9901 | €71,527 | €9,421 | -€62,107 | -86.8% |
| Financial income | 75/76B | €142,484 | €50,397 | -€92,087 | -64.6% |
| Recurring financial income | 75 | €142,484 | €50,397 | -€92,087 | -64.6% |
| Financial charges | 65/66B | €16,440 | €15,817 | -€623 | -3.8% |
| Recurring financial charges | 65 | €16,440 | €15,817 | -€623 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €197,571 | €44,001 | -€153,570 | -77.7% |
| Income taxes | 67/77 | €32,632 | €2,681 | -€29,951 | -91.8% |
| Profit (loss) for the period | 9904 | €164,939 | €41,320 | -€123,620 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €164,939 | €41,320 | -€123,620 | -74.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.