TAMEX: 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.
TAMEX
Largest movements
- Cash +€7,009
up €7,009 (+27.8%), from €25,213 to €32,222
mainly Tax, wage and social debts (+€7,767) and Net result for the year (+€5,093)
- Debts after one year -€8,078
down €8,078 (-92.1%), from €8,771 to €693
- Tax, wage and social debts +€7,767
up €7,767 (+128%), from €6,053 to €13,819
of which Taxes: +€4,635
- Profit (loss) carried forward +€5,093
up €5,093 (+10.6%), from €48,093 to €53,185
- Trade debts +€2,020
up €2,020 (+33.5%), from €6,032 to €8,052
- Gross operating margin -€2,472
down €2,472 (-14.5%), from €17,007 to €14,535
- Depreciation -€1,176
no longer reported in 2025 (was €1,176)
- Financial charges +€1,054
up €1,054 (+43.6%), from €2,415 to €3,469
- Financial income +€259
up €259 (+41,697%), from €1 to €259
- Taxes +€212
up €212 (+10.1%), from €2,107 to €2,319
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 | €100,764 | €107,987 | +€7,224 | +7.2% |
| Current assets | 29/58 | €100,764 | €107,987 | +€7,224 | +7.2% |
| Stocks and contracts in progress | 3 | €74,877 | €75,765 | +€888 | +1.2% |
| Stocks | 30/36 | €74,877 | €75,765 | +€888 | +1.2% |
| Amounts receivable within one year | 40/41 | €673 | - | -€673 | |
| Other amounts receivable | 41 | €673 | - | -€673 | |
| Cash at bank and in hand | 54/58 | €25,213 | €32,222 | +€7,009 | +27.8% |
| Total equity and liabilities | 10/49 | €100,764 | €107,987 | +€7,224 | +7.2% |
| Equity | 10/15 | €56,252 | €61,345 | +€5,093 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,960 | €1,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,093 | €53,185 | +€5,093 | +10.6% |
| Amounts payable | 17/49 | €44,512 | €46,643 | +€2,131 | +4.8% |
| Amounts payable after more than one year | 17 | €8,771 | €693 | -€8,078 | -92.1% |
| Financial debts | 170/4 | €8,771 | €693 | -€8,078 | -92.1% |
| Amounts payable within one year | 42/48 | €35,740 | €45,950 | +€10,209 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €7,656 | €8,078 | +€422 | +5.5% |
| Trade debts | 44 | €6,032 | €8,052 | +€2,020 | +33.5% |
| Suppliers | 440/4 | €6,032 | €8,052 | +€2,020 | +33.5% |
| Taxes, remuneration and social security | 45 | €6,053 | €13,819 | +€7,767 | +128% |
| Taxes | 450/3 | €6,032 | €10,667 | +€4,635 | +76.8% |
| Remuneration and social security | 454/9 | €21 | €3,153 | +€3,132 | +15,020% |
| Other amounts payable | 47/48 | €16,000 | €16,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €137 | €0 | -€136 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,176 | - | -€1,176 | |
| Other operating charges | 640/8 | €3,994 | €3,913 | -€81 | -2.0% |
| Gross operating margin | 9900 | €17,007 | €14,535 | -€2,472 | -14.5% |
| Operating profit (loss) | 9901 | €11,701 | €10,621 | -€1,079 | -9.2% |
| Financial income | 75/76B | €1 | €259 | +€259 | +41,697% |
| Recurring financial income | 75 | €1 | €259 | +€259 | +41,697% |
| Financial charges | 65/66B | €2,415 | €3,469 | +€1,054 | +43.6% |
| Recurring financial charges | 65 | €2,415 | €3,469 | +€1,054 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €9,286 | €7,411 | -€1,875 | -20.2% |
| Income taxes | 67/77 | €2,107 | €2,319 | +€212 | +10.1% |
| Profit (loss) for the period | 9904 | €7,179 | €5,093 | -€2,087 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,179 | €5,093 | -€2,087 | -29.1% |
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 16 October 2026 via checked.be.