TAMAR HOLDINGS: what changed
TAMAR HOLDINGS
Largest movements
- Receivables within one year -€19,912
down €19,912 (-75.6%), from €26,349 to €6,437
of which Other amounts receivable: -€16,282
- Cash -€2,703
down €2,703 (-2.6%), from €105,309 to €102,607
mainly Other debts (-€19,011) and Investment in fixed assets (net) (-€2,827)
- Other debts -€19,011
down €19,011 (-60.6%), from €31,350 to €12,339
- Tax, wage and social debts -€2,247
down €2,247 (-33.8%), from €6,647 to €4,400
of which Taxes: -€2,247
- Financial income -€1,006
down €1,006 (-99.6%), from €1,010 to €4
- Depreciation +€385
up €385 (+68.0%), from €566 to €951
- Other operating charges +€351
up €351 (+37.7%), from €931 to €1,282
- Gross operating margin -€329
down €329 (-8.0%), from €4,096 to €3,767
- Financial charges +€180
up €180 (+59.6%), from €301 to €481
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 | €134,637 | €113,874 | -€20,763 | -15.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,783 | €3,660 | +€1,876 | +105% |
| Tangible fixed assets | 22/27 | €1,556 | €2,208 | +€651 | +41.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,556 | €2,208 | +€651 | +41.8% |
| Financial fixed assets | 28 | €227 | €1,452 | +€1,225 | +540% |
| Current assets | 29/58 | €132,854 | €110,215 | -€22,639 | -17.0% |
| Amounts receivable within one year | 40/41 | €26,349 | €6,437 | -€19,912 | -75.6% |
| Trade receivables | 40 | €9,680 | €6,050 | -€3,630 | -37.5% |
| Other amounts receivable | 41 | €16,669 | €387 | -€16,282 | -97.7% |
| Cash at bank and in hand | 54/58 | €105,309 | €102,607 | -€2,703 | -2.6% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,171 | -€25 | -2.1% |
| Total equity and liabilities | 10/49 | €134,637 | €113,874 | -€20,763 | -15.4% |
| Equity | 10/15 | €96,033 | €96,636 | +€604 | +0.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €87,433 | €88,036 | +€604 | +0.7% |
| Distributable reserves | 133 | €87,433 | €88,036 | +€604 | +0.7% |
| Amounts payable | 17/49 | €38,605 | €17,238 | -€21,366 | -55.3% |
| Amounts payable within one year | 42/48 | €38,605 | €17,238 | -€21,366 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €607 | €499 | -€109 | -17.9% |
| Suppliers | 440/4 | €607 | €499 | -€109 | -17.9% |
| Taxes, remuneration and social security | 45 | €6,647 | €4,400 | -€2,247 | -33.8% |
| Taxes | 450/3 | €6,647 | €4,400 | -€2,247 | -33.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €31,350 | €12,339 | -€19,011 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €951 | +€385 | +68.0% |
| Other operating charges | 640/8 | €931 | €1,282 | +€351 | +37.7% |
| Gross operating margin | 9900 | €4,096 | €3,767 | -€329 | -8.0% |
| Operating profit (loss) | 9901 | €2,598 | €1,533 | -€1,065 | -41.0% |
| Financial income | 75/76B | €1,010 | €4 | -€1,006 | -99.6% |
| Recurring financial income | 75 | €1,010 | €4 | -€1,006 | -99.6% |
| Financial charges | 65/66B | €301 | €481 | +€180 | +59.6% |
| Recurring financial charges | 65 | €301 | €481 | +€180 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €3,307 | €1,056 | -€2,251 | -68.1% |
| Income taxes | 67/77 | €399 | €453 | +€53 | +13.3% |
| Profit (loss) for the period | 9904 | €2,907 | €604 | -€2,304 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,907 | €604 | -€2,304 | -79.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.