TAMARA C.E.M.: 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.
TAMARA C.E.M.
Largest movements
- Cash +€77,726
up €77,726 (+68.8%), from €112,898 to €190,624
mainly Net result for the year (+€48,822) and Depreciation (+€39,922)
- Tangible fixed assets -€38,961
down €38,961 (-6.3%), from €623,163 to €584,202
of which Land and buildings: -€29,307
- Financial fixed assets -€16,280
down €16,280 (-100.0%), from €16,280 to €0
- Reserves +€46,322
up €46,322 (+12.7%), from €366,151 to €412,473
of which Distributable reserves: +€58,774
- Tax, wage and social debts +€12,046
up €12,046 (+142.0%), from €8,481 to €20,527
- Debts after one year -€11,395
down €11,395 (-4.9%), from €233,078 to €221,683
- Accrued charges and deferred income -€9,716
down €9,716 (-97.2%), from €10,000 to €284
- Gross operating margin +€45,463
up €45,463 (+56.0%), from €81,112 to €126,575
- Depreciation -€28,588
down €28,588 (-41.7%), from €68,510 to €39,922
- Taxes +€17,355
up €17,355 (+279.3%), from €6,214 to €23,569
- Financial income -€9,953
down €9,953 (-99.4%), from €10,009 to €56
- Other operating charges +€2,060
up €2,060 (+57.6%), from €3,578 to €5,638
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 | €789,638 | €825,526 | +€35,889 | +4.5% |
| Fixed assets | 21/28 | €639,443 | €584,202 | -€55,241 | -8.6% |
| Tangible fixed assets | 22/27 | €623,163 | €584,202 | -€38,961 | -6.3% |
| Land and buildings | 22 | €602,954 | €573,647 | -€29,307 | -4.9% |
| Furniture and vehicles | 24 | - | €10,555 | +€10,555 | |
| Leasing and similar rights | 25 | €20,208 | €0 | -€20,208 | -100.0% |
| Financial fixed assets | 28 | €16,280 | €0 | -€16,280 | -100.0% |
| Current assets | 29/58 | €150,195 | €241,324 | +€91,129 | +60.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €19,502 | €24,449 | +€4,947 | +25.4% |
| Trade receivables | 40 | €19,076 | €24,200 | +€5,124 | +26.9% |
| Other amounts receivable | 41 | €426 | €249 | -€177 | -41.6% |
| Current investments | 50/53 | €8,766 | €14,823 | +€6,056 | +69.1% |
| Cash at bank and in hand | 54/58 | €112,898 | €190,624 | +€77,726 | +68.8% |
| Deferred charges and accrued income | 490/1 | €9,029 | €11,429 | +€2,400 | +26.6% |
| Total equity and liabilities | 10/49 | €789,638 | €825,526 | +€35,889 | +4.5% |
| Equity | 10/15 | €372,351 | €418,673 | +€46,322 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €366,151 | €412,473 | +€46,322 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €276,423 | €263,971 | -€12,452 | -4.5% |
| Distributable reserves | 133 | €87,868 | €146,642 | +€58,774 | +66.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €92,141 | €87,990 | -€4,151 | -4.5% |
| Deferred taxes | 168 | €92,141 | €87,990 | -€4,151 | -4.5% |
| Amounts payable | 17/49 | €325,146 | €318,863 | -€6,283 | -1.9% |
| Amounts payable after more than one year | 17 | €233,078 | €221,683 | -€11,395 | -4.9% |
| Financial debts | 170/4 | €233,078 | €221,683 | -€11,395 | -4.9% |
| Amounts payable within one year | 42/48 | €82,068 | €96,896 | +€14,828 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €18,647 | €13,130 | -€5,517 | -29.6% |
| Trade debts | 44 | €2,801 | €9,888 | +€7,087 | +253.0% |
| Suppliers | 440/4 | €2,801 | €9,888 | +€7,087 | +253.0% |
| Taxes, remuneration and social security | 45 | €8,481 | €20,527 | +€12,046 | +142.0% |
| Taxes | 450/3 | €8,481 | €20,527 | +€12,046 | +142.0% |
| Other amounts payable | 47/48 | €52,138 | €53,350 | +€1,212 | +2.3% |
| Accrued charges and deferred income | 492/3 | €10,000 | €284 | -€9,716 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,510 | €39,922 | -€28,588 | -41.7% |
| Other operating charges | 640/8 | €3,578 | €5,638 | +€2,060 | +57.6% |
| Gross operating margin | 9900 | €81,112 | €126,575 | +€45,463 | +56.0% |
| Operating profit (loss) | 9901 | €9,023 | €81,015 | +€71,992 | +797.8% |
| Financial income | 75/76B | €10,009 | €56 | -€9,953 | -99.4% |
| Recurring financial income | 75 | €10,009 | €56 | -€9,953 | -99.4% |
| Financial charges | 65/66B | €13,115 | €12,831 | -€284 | -2.2% |
| Recurring financial charges | 65 | €13,115 | €10,716 | -€2,399 | -18.3% |
| Non-recurring financial charges | 66B | - | €2,114 | +€2,114 | |
| Profit (loss) for the period before taxes | 9903 | €5,917 | €68,240 | +€62,323 | +1053.2% |
| Transfer from deferred taxes | 780 | €4,151 | €4,151 | = | 0.0% |
| Income taxes | 67/77 | €6,214 | €23,569 | +€17,355 | +279.3% |
| Profit (loss) for the period | 9904 | €3,854 | €48,822 | +€44,968 | +1166.7% |
| Transfer from tax-exempt reserves | 789 | €12,452 | €12,452 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,306 | €61,274 | +€44,968 | +275.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.