TAMAS: what changed
TAMAS
Largest movements
- Receivables within one year +€35,536
up €35,536 (+24.3%), from €146,056 to €181,592
of which Trade receivables: +€30,246
- Cash +€22,724
up €22,724 (+93.0%), from €24,422 to €47,145
mainly Net result for the year (+€58,116) and Tax, wage and social debts (+€24,731)
- Tangible fixed assets -€7,258
down €7,258 (-14.9%), from €48,586 to €41,329
of which Furniture and vehicles: -€6,142
- Profit (loss) carried forward +€58,116
up €58,116 (+69.8%), from €83,294 to €141,409
- Tax, wage and social debts +€24,731
up €24,731 (+175%), from €14,169 to €38,899
of which Taxes: +€13,523
- Debts after one year -€17,336
down €17,336 (-85.3%), from €20,313 to €2,977
- Trade debts -€15,084
down €15,084 (-18.8%), from €80,068 to €64,984
- Gross operating margin +€10,675
up €10,675 (+13.0%), from €82,333 to €93,008
- Staff costs +€3,199
new in 2025: €3,199
- Depreciation +€2,480
up €2,480 (+22.3%), from €11,115 to €13,595
- Other operating charges -€2,057
down €2,057 (-89.1%), from €2,310 to €252
- Taxes +€1,164
up €1,164 (+8.2%), from €14,169 to €15,333
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 | €219,314 | €270,606 | +€51,291 | +23.4% |
| Fixed assets | 21/28 | €48,586 | €41,329 | -€7,258 | -14.9% |
| Tangible fixed assets | 22/27 | €48,586 | €41,329 | -€7,258 | -14.9% |
| Plant, machinery and equipment | 23 | €5,123 | €4,008 | -€1,115 | -21.8% |
| Furniture and vehicles | 24 | €43,463 | €37,321 | -€6,142 | -14.1% |
| Current assets | 29/58 | €170,728 | €229,277 | +€58,549 | +34.3% |
| Amounts receivable within one year | 40/41 | €146,056 | €181,592 | +€35,536 | +24.3% |
| Trade receivables | 40 | €128,144 | €158,390 | +€30,246 | +23.6% |
| Other amounts receivable | 41 | €17,912 | €23,202 | +€5,290 | +29.5% |
| Cash at bank and in hand | 54/58 | €24,422 | €47,145 | +€22,724 | +93.0% |
| Deferred charges and accrued income | 490/1 | €250 | €539 | +€289 | +115% |
| Total equity and liabilities | 10/49 | €219,314 | €270,606 | +€51,291 | +23.4% |
| Equity | 10/15 | €88,294 | €146,409 | +€58,116 | +65.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,294 | €141,409 | +€58,116 | +69.8% |
| Amounts payable | 17/49 | €131,020 | €124,196 | -€6,824 | -5.2% |
| Amounts payable after more than one year | 17 | €20,313 | €2,977 | -€17,336 | -85.3% |
| Financial debts | 170/4 | €20,313 | €2,977 | -€17,336 | -85.3% |
| Amounts payable within one year | 42/48 | €110,708 | €121,219 | +€10,512 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €16,471 | €17,336 | +€865 | +5.3% |
| Trade debts | 44 | €80,068 | €64,984 | -€15,084 | -18.8% |
| Suppliers | 440/4 | €80,068 | €64,984 | -€15,084 | -18.8% |
| Taxes, remuneration and social security | 45 | €14,169 | €38,899 | +€24,731 | +175% |
| Taxes | 450/3 | €14,169 | €27,691 | +€13,523 | +95.4% |
| Remuneration and social security | 454/9 | - | €11,208 | +€11,208 | |
| Remuneration, social security and pensions | 62 | - | €3,199 | +€3,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,115 | €13,595 | +€2,480 | +22.3% |
| Other operating charges | 640/8 | €2,310 | €252 | -€2,057 | -89.1% |
| Gross operating margin | 9900 | €82,333 | €93,008 | +€10,675 | +13.0% |
| Operating profit (loss) | 9901 | €68,909 | €75,962 | +€7,053 | +10.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7,900% |
| Financial charges | 65/66B | €2,849 | €2,514 | -€335 | -11.7% |
| Recurring financial charges | 65 | €2,849 | €2,514 | -€335 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €66,060 | €73,448 | +€7,389 | +11.2% |
| Income taxes | 67/77 | €14,169 | €15,333 | +€1,164 | +8.2% |
| Profit (loss) for the period | 9904 | €51,891 | €58,116 | +€6,225 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,891 | €58,116 | +€6,225 | +12.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.