TAMAK: 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.
TAMAK
Largest movements
- Receivables after one year -€30,000
down €30,000 (-34.1%), from €88,000 to €58,000
- Current investments +€25,477
new in 2025: €25,477
- Receivables within one year +€15,022
up €15,022 (+33.6%), from €44,714 to €59,736
of which Other amounts receivable: +€15,143
- Cash +€14,226
up €14,226 (+43.8%), from €32,479 to €46,705
mainly Net result for the year (+€150,976) and Tax, wage and social debts (+€44,023)
- Tax, wage and social debts +€44,023
up €44,023 (+93.1%), from €47,296 to €91,319
- Debts after one year -€17,464
down €17,464 (-24.4%), from €71,699 to €54,236
- Gross operating margin +€23,326
up €23,326 (+11.7%), from €199,620 to €222,947
- Depreciation +€20,257
up €20,257 (+266.9%), from €7,590 to €27,847
- Financial charges +€3,800
up €3,800 (+888.3%), from €428 to €4,228
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 | €289,094 | €316,713 | +€27,619 | +9.6% |
| Fixed assets | 21/28 | €120,303 | €122,489 | +€2,186 | +1.8% |
| Tangible fixed assets | 22/27 | €120,303 | €122,489 | +€2,186 | +1.8% |
| Furniture and vehicles | 24 | €120,303 | €122,489 | +€2,186 | +1.8% |
| Current assets | 29/58 | €168,791 | €194,224 | +€25,433 | +15.1% |
| Amounts receivable after more than one year | 29 | €88,000 | €58,000 | -€30,000 | -34.1% |
| Other amounts receivable | 291 | €88,000 | €58,000 | -€30,000 | -34.1% |
| Amounts receivable within one year | 40/41 | €44,714 | €59,736 | +€15,022 | +33.6% |
| Trade receivables | 40 | €121 | €0 | -€121 | -100.0% |
| Other amounts receivable | 41 | €44,593 | €59,736 | +€15,143 | +34.0% |
| Current investments | 50/53 | - | €25,477 | +€25,477 | |
| Cash at bank and in hand | 54/58 | €32,479 | €46,705 | +€14,226 | +43.8% |
| Deferred charges and accrued income | 490/1 | €3,598 | €4,306 | +€708 | +19.7% |
| Total equity and liabilities | 10/49 | €289,094 | €316,713 | +€27,619 | +9.6% |
| Equity | 10/15 | €2,537 | €3,514 | +€976 | +38.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,537 | €2,514 | +€976 | +63.5% |
| Distributable reserves | 133 | €1,537 | €2,514 | +€976 | +63.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €286,557 | €313,199 | +€26,642 | +9.3% |
| Amounts payable after more than one year | 17 | €71,699 | €54,236 | -€17,464 | -24.4% |
| Financial debts | 170/4 | €71,699 | €54,236 | -€17,464 | -24.4% |
| Amounts payable within one year | 42/48 | €214,858 | €258,964 | +€44,106 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €16,915 | €17,464 | +€548 | +3.2% |
| Trade debts | 44 | €1,646 | €181 | -€1,466 | -89.0% |
| Suppliers | 440/4 | €1,646 | €181 | -€1,466 | -89.0% |
| Taxes, remuneration and social security | 45 | €47,296 | €91,319 | +€44,023 | +93.1% |
| Taxes | 450/3 | €47,296 | €91,319 | +€44,023 | +93.1% |
| Other amounts payable | 47/48 | €149,000 | €150,000 | +€1,000 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,590 | €27,847 | +€20,257 | +266.9% |
| Other operating charges | 640/8 | €198 | €0 | -€198 | -100.0% |
| Gross operating margin | 9900 | €199,620 | €222,947 | +€23,326 | +11.7% |
| Operating profit (loss) | 9901 | €191,832 | €195,099 | +€3,267 | +1.7% |
| Financial income | 75/76B | €3,910 | €4,191 | +€281 | +7.2% |
| Recurring financial income | 75 | €3,910 | €4,191 | +€281 | +7.2% |
| Financial charges | 65/66B | €428 | €4,228 | +€3,800 | +888.3% |
| Recurring financial charges | 65 | €428 | €4,228 | +€3,800 | +888.3% |
| Profit (loss) for the period before taxes | 9903 | €195,314 | €195,063 | -€251 | -0.1% |
| Income taxes | 67/77 | €45,381 | €44,086 | -€1,295 | -2.9% |
| Profit (loss) for the period | 9904 | €149,933 | €150,976 | +€1,044 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,933 | €150,976 | +€1,044 | +0.7% |
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 6 October 2026 via checked.be.