TAMESIS: 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.
TAMESIS
Largest movements
- Tangible fixed assets -€185,705
down €185,705 (-5.9%), from €3.2m to €3.0m
- Cash +€70,617
up €70,617 (+1680.4%), from €4,202 to €74,820
mainly Depreciation (+€194,322) and Deferred charges and accrued income (+€16,092)
- Other debts -€51,175
down €51,175 (-17.1%), from €298,845 to €247,671
- Reserves -€37,045
down €37,045 (-4.8%), from €772,715 to €735,669
of which Tax-exempt reserves: -€37,045
- Taxes -€52,796
down €52,796 (-85.9%), from €61,427 to €8,632
- Gross operating margin +€12,489
up €12,489 (+5.3%), from €233,519 to €246,008
- Other operating charges +€7,205
up €7,205 (+18.7%), from €38,436 to €45,640
- Financial charges -€5,606
down €5,606 (-9.2%), from €60,620 to €55,014
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 | €3,238,628 | €3,107,449 | -€131,179 | -4.1% |
| Fixed assets | 21/28 | €3,151,461 | €2,965,756 | -€185,705 | -5.9% |
| Tangible fixed assets | 22/27 | €3,151,076 | €2,965,372 | -€185,705 | -5.9% |
| Land and buildings | 22 | €3,151,076 | €2,965,372 | -€185,705 | -5.9% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €87,167 | €141,693 | +€54,525 | +62.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,202 | €74,820 | +€70,617 | +1680.4% |
| Deferred charges and accrued income | 490/1 | €82,965 | €66,873 | -€16,092 | -19.4% |
| Total equity and liabilities | 10/49 | €3,238,628 | €3,107,449 | -€131,179 | -4.1% |
| Equity | 10/15 | €1,122,106 | €1,076,854 | -€45,252 | -4.0% |
| Contributions | 10/11 | €1,111,581 | €1,111,581 | = | 0.0% |
| Reserves | 13 | €772,715 | €735,669 | -€37,045 | -4.8% |
| Non-distributable reserves | 130/1 | €35,325 | €35,325 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,325 | €35,325 | = | 0.0% |
| Tax-exempt reserves | 132 | €707,570 | €670,525 | -€37,045 | -5.2% |
| Distributable reserves | 133 | €29,820 | €29,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€762,190 | -€770,397 | -€8,207 | -1.1% |
| Provisions and deferred taxes | 16 | €235,857 | €223,508 | -€12,348 | -5.2% |
| Deferred taxes | 168 | €235,857 | €223,508 | -€12,348 | -5.2% |
| Amounts payable | 17/49 | €1,880,665 | €1,807,087 | -€73,578 | -3.9% |
| Amounts payable after more than one year | 17 | €1,101,994 | €1,080,155 | -€21,839 | -2.0% |
| Financial debts | 170/4 | €1,093,063 | €1,071,224 | -€21,839 | -2.0% |
| Other amounts payable | 178/9 | €8,931 | €8,931 | = | 0.0% |
| Amounts payable within one year | 42/48 | €452,216 | €393,573 | -€58,643 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €110,564 | €120,404 | +€9,840 | +8.9% |
| Financial debts | 43 | €17,040 | €6,270 | -€10,770 | -63.2% |
| Credit institutions | 430/8 | €17,040 | €6,270 | -€10,770 | -63.2% |
| Trade debts | 44 | €4,275 | €8,786 | +€4,512 | +105.5% |
| Suppliers | 440/4 | €4,275 | €8,786 | +€4,512 | +105.5% |
| Taxes, remuneration and social security | 45 | €21,492 | €10,442 | -€11,050 | -51.4% |
| Taxes | 450/3 | €21,492 | €10,442 | -€11,050 | -51.4% |
| Other amounts payable | 47/48 | €298,845 | €247,671 | -€51,175 | -17.1% |
| Accrued charges and deferred income | 492/3 | €326,455 | €333,359 | +€6,904 | +2.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,002 | €194,322 | +€321 | +0.2% |
| Other operating charges | 640/8 | €38,436 | €45,640 | +€7,205 | +18.7% |
| Gross operating margin | 9900 | €233,519 | €246,008 | +€12,489 | +5.3% |
| Operating profit (loss) | 9901 | €1,082 | €6,045 | +€4,963 | +458.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €60,620 | €55,014 | -€5,606 | -9.2% |
| Recurring financial charges | 65 | €60,620 | €55,014 | -€5,606 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,539 | -€48,969 | +€10,569 | +17.8% |
| Transfer from deferred taxes | 780 | €12,680 | €12,348 | -€332 | -2.6% |
| Income taxes | 67/77 | €61,427 | €8,632 | -€52,796 | -85.9% |
| Profit (loss) for the period | 9904 | -€108,285 | -€45,252 | +€63,033 | +58.2% |
| Transfer from tax-exempt reserves | 789 | €38,041 | €37,045 | -€995 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,245 | -€8,207 | +€62,038 | +88.3% |
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 11 October 2026 via checked.be.