TAMAVE: 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.
TAMAVE
Largest movements
- Cash -€73,821
down €73,821 (-74.2%), from €99,551 to €25,731
mainly Investment in fixed assets (net) (-€52,707) and Net result for the year (-€18,269)
- Tangible fixed assets +€36,032
up €36,032 (+86.0%), from €41,893 to €77,925
of which Furniture and vehicles: +€37,656
- Receivables within one year -€7,398
down €7,398 (-43.4%), from €17,029 to €9,631
of which Trade receivables: -€12,100
- Deferred charges and accrued income +€2,496
up €2,496 (+408.7%), from €611 to €3,106
- Profit (loss) carried forward -€18,269
new in 2025: -€18,269
- Tax, wage and social debts -€16,977
down €16,977 (-71.7%), from €23,674 to €6,697
of which Taxes: -€17,477
- Current portion of long-term debt -€8,142
no longer reported in 2025 (was €8,142)
- Gross operating margin -€33,228
down €33,228, from €32,380 to -€848
- Taxes -€4,879
down €4,879 (-96.1%), from €5,076 to €197
- Depreciation +€1,516
up €1,516 (+10.0%), from €15,159 to €16,676
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 | €159,083 | €116,393 | -€42,691 | -26.8% |
| Fixed assets | 21/28 | €41,893 | €77,925 | +€36,032 | +86.0% |
| Tangible fixed assets | 22/27 | €41,893 | €77,925 | +€36,032 | +86.0% |
| Land and buildings | 22 | €6,892 | €5,870 | -€1,022 | -14.8% |
| Plant, machinery and equipment | 23 | €991 | €629 | -€362 | -36.5% |
| Furniture and vehicles | 24 | €33,290 | €70,946 | +€37,656 | +113.1% |
| Other tangible fixed assets | 26 | €720 | €480 | -€240 | -33.3% |
| Current assets | 29/58 | €117,190 | €38,468 | -€78,723 | -67.2% |
| Amounts receivable within one year | 40/41 | €17,029 | €9,631 | -€7,398 | -43.4% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €4,929 | €9,631 | +€4,702 | +95.4% |
| Cash at bank and in hand | 54/58 | €99,551 | €25,731 | -€73,821 | -74.2% |
| Deferred charges and accrued income | 490/1 | €611 | €3,106 | +€2,496 | +408.7% |
| Total equity and liabilities | 10/49 | €159,083 | €116,393 | -€42,691 | -26.8% |
| Equity | 10/15 | €126,062 | €107,792 | -€18,269 | -14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,862 | €119,862 | = | 0.0% |
| Distributable reserves | 133 | €119,862 | €119,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,269 | -€18,269 | |
| Amounts payable | 17/49 | €33,022 | €8,600 | -€24,422 | -74.0% |
| Amounts payable within one year | 42/48 | €33,022 | €8,600 | -€24,422 | -74.0% |
| Current portion of amounts payable after more than one year | 42 | €8,142 | - | -€8,142 | |
| Trade debts | 44 | €303 | €928 | +€625 | +206.0% |
| Suppliers | 440/4 | €303 | €928 | +€625 | +206.0% |
| Taxes, remuneration and social security | 45 | €23,674 | €6,697 | -€16,977 | -71.7% |
| Taxes | 450/3 | €23,674 | €6,197 | -€17,477 | -73.8% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €904 | €976 | +€72 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,159 | €16,676 | +€1,516 | +10.0% |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Gross operating margin | 9900 | €32,380 | -€848 | -€33,228 | |
| Operating profit (loss) | 9901 | €16,834 | -€17,987 | -€34,821 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €108 | €85 | -€23 | -20.9% |
| Recurring financial charges | 65 | €108 | €85 | -€23 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €16,726 | -€18,072 | -€34,798 | |
| Income taxes | 67/77 | €5,076 | €197 | -€4,879 | -96.1% |
| Profit (loss) for the period | 9904 | €11,650 | -€18,269 | -€29,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,650 | -€18,269 | -€29,920 |
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.