TAMID: 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.
TAMID
Largest movements
- Tangible fixed assets -€247,258
down €247,258 (-4.8%), from €5.2m to €4.9m
of which Land and buildings: -€258,856
- Cash -€196,294
down €196,294 (-88.5%), from €221,742 to €25,449
mainly Debts after one year (-€405,186) and Advances received (-€124,000)
- Debts after one year -€405,186
down €405,186 (-71.4%), from €567,767 to €162,581
of which Financial debts: -€397,986
- Advances received -€124,000
no longer reported in 2025 (was €124,000)
- Accrued charges and deferred income +€74,178
up €74,178 (+418.0%), from €17,746 to €91,923
- Financial charges +€134,363
up €134,363 (+912.9%), from €14,719 to €149,082
- Taxes -€35,021
down €35,021 (-54.8%), from €63,923 to €28,902
- Gross operating margin -€29,366
down €29,366 (-5.2%), from €561,362 to €531,996
- Depreciation +€18,648
up €18,648 (+7.0%), from €267,241 to €285,890
- Other operating charges +€11,768
up €11,768 (+10.9%), from €108,128 to €119,895
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 | €6,010,519 | €5,482,123 | -€528,397 | -8.8% |
| Fixed assets | 21/28 | €5,491,857 | €5,184,599 | -€307,258 | -5.6% |
| Tangible fixed assets | 22/27 | €5,172,927 | €4,925,669 | -€247,258 | -4.8% |
| Land and buildings | 22 | €5,095,177 | €4,836,321 | -€258,856 | -5.1% |
| Plant, machinery and equipment | 23 | €31,326 | €37,479 | +€6,153 | +19.6% |
| Furniture and vehicles | 24 | €46,424 | €51,869 | +€5,446 | +11.7% |
| Financial fixed assets | 28 | €318,930 | €258,930 | -€60,000 | -18.8% |
| Current assets | 29/58 | €518,662 | €297,523 | -€221,139 | -42.6% |
| Amounts receivable within one year | 40/41 | €263,828 | €229,689 | -€34,138 | -12.9% |
| Trade receivables | 40 | €262,977 | €206,932 | -€56,045 | -21.3% |
| Other amounts receivable | 41 | €851 | €22,757 | +€21,907 | +2575.5% |
| Cash at bank and in hand | 54/58 | €221,742 | €25,449 | -€196,294 | -88.5% |
| Deferred charges and accrued income | 490/1 | €33,092 | €42,385 | +€9,293 | +28.1% |
| Total equity and liabilities | 10/49 | €6,010,519 | €5,482,123 | -€528,397 | -8.8% |
| Equity | 10/15 | €3,164,838 | €3,110,415 | -€54,422 | -1.7% |
| Contributions | 10/11 | €495,000 | €495,000 | = | 0.0% |
| Reserves | 13 | €2,136,126 | €2,081,704 | -€54,422 | -2.5% |
| Non-distributable reserves | 130/1 | €78,754 | - | -€78,754 | |
| Other | 1319 | €78,754 | - | -€78,754 | |
| Tax-exempt reserves | 132 | €1,006,551 | €947,479 | -€59,072 | -5.9% |
| Distributable reserves | 133 | €1,050,821 | €1,134,225 | +€83,404 | +7.9% |
| Profit (loss) carried forward | 14 | €533,712 | €533,712 | = | 0.0% |
| Provisions and deferred taxes | 16 | €410,886 | €383,761 | -€27,125 | -6.6% |
| Deferred taxes | 168 | €410,886 | €383,761 | -€27,125 | -6.6% |
| Amounts payable | 17/49 | €2,434,795 | €1,987,946 | -€446,849 | -18.4% |
| Amounts payable after more than one year | 17 | €567,767 | €162,581 | -€405,186 | -71.4% |
| Financial debts | 170/4 | €549,097 | €151,111 | -€397,986 | -72.5% |
| Other amounts payable | 178/9 | €18,670 | €11,470 | -€7,200 | -38.6% |
| Amounts payable within one year | 42/48 | €1,849,282 | €1,733,442 | -€115,841 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €402,986 | €397,986 | -€5,000 | -1.2% |
| Trade debts | 44 | €197,998 | €199,120 | +€1,121 | +0.6% |
| Suppliers | 440/4 | €197,998 | €199,120 | +€1,121 | +0.6% |
| Advances received on contracts in progress | 46 | €124,000 | - | -€124,000 | |
| Taxes, remuneration and social security | 45 | €20,262 | €16,267 | -€3,994 | -19.7% |
| Taxes | 450/3 | €18,058 | €15,195 | -€2,862 | -15.9% |
| Remuneration and social security | 454/9 | €2,204 | €1,072 | -€1,132 | -51.4% |
| Other amounts payable | 47/48 | €1,104,036 | €1,120,069 | +€16,032 | +1.5% |
| Accrued charges and deferred income | 492/3 | €17,746 | €91,923 | +€74,178 | +418.0% |
| Remuneration, social security and pensions | 62 | €29,784 | €29,792 | +€8 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,241 | €285,890 | +€18,648 | +7.0% |
| Other operating charges | 640/8 | €108,128 | €119,895 | +€11,768 | +10.9% |
| Gross operating margin | 9900 | €561,362 | €531,996 | -€29,366 | -5.2% |
| Operating profit (loss) | 9901 | €156,209 | €96,419 | -€59,790 | -38.3% |
| Financial income | 75/76B | €1 | €18 | +€17 | +1379.0% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +1379.0% |
| Financial charges | 65/66B | €14,719 | €149,082 | +€134,363 | +912.9% |
| Recurring financial charges | 65 | €14,719 | €149,082 | +€134,363 | +912.9% |
| Profit (loss) for the period before taxes | 9903 | €141,491 | -€52,645 | -€194,136 | |
| Transfer from deferred taxes | 780 | €22,966 | €27,125 | +€4,160 | +18.1% |
| Income taxes | 67/77 | €63,923 | €28,902 | -€35,021 | -54.8% |
| Profit (loss) for the period | 9904 | €100,533 | -€54,422 | -€154,956 | |
| Transfer from tax-exempt reserves | 789 | €46,594 | €59,072 | +€12,478 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,127 | €4,650 | -€142,477 | -96.8% |
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 8 October 2026 via checked.be.