TAMAWA: what changed
Two financial 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.
TAMAWA
Largest movements
- Receivables within one year -€18,544
down €18,544 (-100.0%), from €18,545 to €1
of which Trade receivables: -€18,545
- Cash +€12,525
up €12,525 (+141%), from €8,894 to €21,419
mainly Receivables within one year (+€18,544) and Net result for the year (+€13,542)
- Stocks and contracts -€12,387
down €12,387 (-10.5%), from €118,061 to €105,674
- Tangible fixed assets -€5,853
down €5,853 (-15.1%), from €38,687 to €32,834
of which Plant, machinery and equipment: -€5,420
- Debts after one year -€21,189
no longer reported in 2025 (was €21,189)
- Profit (loss) carried forward +€13,542
up €13,542 (+2.3%), from -€577,412 to -€563,870
- Other debts -€10,030
down €10,030 (-95.0%), from €10,554 to €524
- Tax, wage and social debts -€4,872
no longer reported in 2025 (was €4,872)
- Gross operating margin +€17,608
up €17,608 (+475%), from €3,708 to €21,316
- Depreciation -€3,159
down €3,159 (-32.0%), from €9,857 to €6,698
- Financial charges -€1,838
down €1,838 (-70.2%), from €2,617 to €779
- Financial income -€856
down €856 (-92.4%), from €926 to €70
- Taxes -€615
down €615, from €400 to -€215
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.
Derived cash bridge
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 | €184,389 | €160,130 | -€24,259 | -13.2% |
| Fixed assets | 21/28 | €38,889 | €33,036 | -€5,853 | -15.1% |
| Tangible fixed assets | 22/27 | €38,687 | €32,834 | -€5,853 | -15.1% |
| Plant, machinery and equipment | 23 | €36,952 | €31,532 | -€5,420 | -14.7% |
| Furniture and vehicles | 24 | €1,505 | €1,302 | -€203 | -13.5% |
| Leasing and similar rights | 25 | €230 | - | -€230 | |
| Financial fixed assets | 28 | €202 | €202 | = | 0.0% |
| Current assets | 29/58 | €145,500 | €127,094 | -€18,406 | -12.7% |
| Stocks and contracts in progress | 3 | €118,061 | €105,674 | -€12,387 | -10.5% |
| Stocks | 30/36 | €118,061 | €105,674 | -€12,387 | -10.5% |
| Amounts receivable within one year | 40/41 | €18,545 | €1 | -€18,544 | -100.0% |
| Trade receivables | 40 | €18,545 | - | -€18,545 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €8,894 | €21,419 | +€12,525 | +141% |
| Total equity and liabilities | 10/49 | €184,389 | €160,130 | -€24,259 | -13.2% |
| Equity | 10/15 | €119,051 | €132,593 | +€13,542 | +11.4% |
| Contributions | 10/11 | €696,463 | €696,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€577,412 | -€563,870 | +€13,542 | +2.3% |
| Amounts payable | 17/49 | €65,338 | €27,537 | -€37,801 | -57.9% |
| Amounts payable after more than one year | 17 | €21,189 | - | -€21,189 | |
| Financial debts | 170/4 | €21,189 | - | -€21,189 | |
| Amounts payable within one year | 42/48 | €38,764 | €22,152 | -€16,612 | -42.9% |
| Trade debts | 44 | €23,338 | €21,628 | -€1,710 | -7.3% |
| Suppliers | 440/4 | €23,338 | €21,628 | -€1,710 | -7.3% |
| Taxes, remuneration and social security | 45 | €4,872 | - | -€4,872 | |
| Taxes | 450/3 | €4,872 | - | -€4,872 | |
| Other amounts payable | 47/48 | €10,554 | €524 | -€10,030 | -95.0% |
| Accrued charges and deferred income | 492/3 | €5,385 | €5,385 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,857 | €6,698 | -€3,159 | -32.0% |
| Other operating charges | 640/8 | €628 | €582 | -€46 | -7.3% |
| Gross operating margin | 9900 | €3,708 | €21,316 | +€17,608 | +475% |
| Operating profit (loss) | 9901 | -€6,777 | €14,036 | +€20,813 | |
| Financial income | 75/76B | €926 | €70 | -€856 | -92.4% |
| Recurring financial income | 75 | €926 | €70 | -€856 | -92.4% |
| Financial charges | 65/66B | €2,617 | €779 | -€1,838 | -70.2% |
| Recurring financial charges | 65 | €2,617 | €779 | -€1,838 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,468 | €13,327 | +€21,795 | |
| Income taxes | 67/77 | €400 | -€215 | -€615 | |
| Profit (loss) for the period | 9904 | -€8,868 | €13,542 | +€22,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,868 | €13,542 | +€22,410 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.