TAMASO: 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.
TAMASO
Largest movements
- Cash -€71,441
down €71,441 (-31.5%), from €226,797 to €155,356
mainly Investment in fixed assets (net) (-€68,665) and Net result for the year (-€17,204)
- Tangible fixed assets +€61,950
up €61,950 (+144.1%), from €42,997 to €104,947
of which Land and buildings: +€58,890
- Receivables within one year -€5,504
down €5,504 (-17.4%), from €31,544 to €26,041
- Profit (loss) carried forward -€17,204
down €17,204 (-7.0%), from €244,469 to €227,265
- Gross operating margin -€34,422
down €34,422, from €30,571 to -€3,851
- Taxes -€4,408
no longer reported in 2025 (was €4,408)
- Depreciation +€1,105
up €1,105 (+19.7%), from €5,610 to €6,715
- Financial income +€876
up €876 (+133.2%), from €657 to €1,533
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 | €302,375 | €287,412 | -€14,963 | -4.9% |
| Fixed assets | 21/28 | €42,997 | €104,947 | +€61,950 | +144.1% |
| Tangible fixed assets | 22/27 | €42,997 | €104,947 | +€61,950 | +144.1% |
| Land and buildings | 22 | - | €58,890 | +€58,890 | |
| Plant, machinery and equipment | 23 | €42,997 | €46,057 | +€3,060 | +7.1% |
| Current assets | 29/58 | €259,378 | €182,465 | -€76,913 | -29.7% |
| Amounts receivable within one year | 40/41 | €31,544 | €26,041 | -€5,504 | -17.4% |
| Other amounts receivable | 41 | €31,544 | €26,041 | -€5,504 | -17.4% |
| Cash at bank and in hand | 54/58 | €226,797 | €155,356 | -€71,441 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,037 | €1,069 | +€32 | +3.1% |
| Total equity and liabilities | 10/49 | €302,375 | €287,412 | -€14,963 | -4.9% |
| Equity | 10/15 | €301,725 | €284,521 | -€17,204 | -5.7% |
| Contributions | 10/11 | €46,356 | €46,356 | = | 0.0% |
| Reserves | 13 | €10,900 | €10,900 | = | 0.0% |
| Distributable reserves | 133 | €10,900 | €10,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,469 | €227,265 | -€17,204 | -7.0% |
| Amounts payable | 17/49 | €650 | €2,891 | +€2,241 | +344.8% |
| Amounts payable within one year | 42/48 | €650 | €2,891 | +€2,241 | +344.8% |
| Trade debts | 44 | €650 | €2,891 | +€2,241 | +344.8% |
| Suppliers | 440/4 | €650 | €2,891 | +€2,241 | +344.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,610 | €6,715 | +€1,105 | +19.7% |
| Other operating charges | 640/8 | €7,872 | €8,119 | +€247 | +3.1% |
| Gross operating margin | 9900 | €30,571 | -€3,851 | -€34,422 | |
| Operating profit (loss) | 9901 | €17,089 | -€18,686 | -€35,775 | |
| Financial income | 75/76B | €657 | €1,533 | +€876 | +133.2% |
| Recurring financial income | 75 | €657 | €1,533 | +€876 | +133.2% |
| Financial charges | 65/66B | €115 | €51 | -€64 | -55.5% |
| Recurring financial charges | 65 | €115 | €51 | -€64 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €17,631 | -€17,204 | -€34,835 | |
| Income taxes | 67/77 | €4,408 | - | -€4,408 | |
| Profit (loss) for the period | 9904 | €13,223 | -€17,204 | -€30,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,223 | -€17,204 | -€30,427 |
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 9 October 2026 via checked.be.