TAMLAHT: 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.
TAMLAHT
Largest movements
- Tangible fixed assets +€78,289
up €78,289 (+20.0%), from €391,446 to €469,734
- Cash +€14,252
up €14,252 (+71.3%), from €19,992 to €34,244
mainly Other debts (+€278,828) and Depreciation (+€92,202)
- Receivables within one year +€10,604
up €10,604 (+6.5%), from €163,494 to €174,098
- Other debts +€278,828
up €278,828 (+207%), from €134,839 to €413,667
- Profit (loss) carried forward -€114,861
down €114,861 (-60.0%), from -€191,594 to -€306,454
- Debts after one year -€79,181
down €79,181 (-32.0%), from €247,061 to €167,879
- Trade debts +€61,049
up €61,049 (+25.4%), from €240,734 to €301,783
- Tax, wage and social debts -€37,404
down €37,404 (-68.9%), from €54,291 to €16,888
of which Taxes: -€42,922
- Taxes -€104,024
no longer reported in 2025 (was €104,024)
- Other operating charges -€69,977
down €69,977 (-94.7%), from €73,931 to €3,954
- Gross operating margin -€56,488
down €56,488 (-78.4%), from €72,097 to €15,608
- Staff costs +€16,192
up €16,192 (+557%), from €2,906 to €19,098
- Depreciation +€10,076
up €10,076 (+12.3%), from €82,126 to €92,202
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 | €600,305 | €704,309 | +€104,004 | +17.3% |
| Fixed assets | 21/28 | €391,818 | €470,967 | +€79,149 | +20.2% |
| Tangible fixed assets | 22/27 | €391,446 | €469,734 | +€78,289 | +20.0% |
| Land and buildings | 22 | €219,770 | €247,006 | +€27,236 | +12.4% |
| Plant, machinery and equipment | 23 | €145,696 | €175,600 | +€29,904 | +20.5% |
| Furniture and vehicles | 24 | €25,979 | €47,128 | +€21,149 | +81.4% |
| Financial fixed assets | 28 | €373 | €1,233 | +€860 | +231% |
| Current assets | 29/58 | €208,486 | €233,342 | +€24,855 | +11.9% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,494 | €174,098 | +€10,604 | +6.5% |
| Trade receivables | 40 | €163,494 | €174,098 | +€10,604 | +6.5% |
| Cash at bank and in hand | 54/58 | €19,992 | €34,244 | +€14,252 | +71.3% |
| Total equity and liabilities | 10/49 | €600,305 | €704,309 | +€104,004 | +17.3% |
| Equity | 10/15 | -€160,305 | -€275,165 | -€114,861 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,689 | €12,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,829 | €10,829 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,594 | -€306,454 | -€114,861 | -60.0% |
| Amounts payable | 17/49 | €760,609 | €979,474 | +€218,865 | +28.8% |
| Amounts payable after more than one year | 17 | €247,061 | €167,879 | -€79,181 | -32.0% |
| Financial debts | 170/4 | €247,061 | €167,879 | -€79,181 | -32.0% |
| Amounts payable within one year | 42/48 | €511,780 | €810,837 | +€299,057 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €81,915 | €78,499 | -€3,416 | -4.2% |
| Trade debts | 44 | €240,734 | €301,783 | +€61,049 | +25.4% |
| Suppliers | 440/4 | €240,734 | €301,783 | +€61,049 | +25.4% |
| Taxes, remuneration and social security | 45 | €54,291 | €16,888 | -€37,404 | -68.9% |
| Taxes | 450/3 | €54,243 | €11,321 | -€42,922 | -79.1% |
| Remuneration and social security | 454/9 | €48 | €5,566 | +€5,518 | +11,406% |
| Other amounts payable | 47/48 | €134,839 | €413,667 | +€278,828 | +207% |
| Accrued charges and deferred income | 492/3 | €1,768 | €758 | -€1,011 | -57.1% |
| Remuneration, social security and pensions | 62 | €2,906 | €19,098 | +€16,192 | +557% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,126 | €92,202 | +€10,076 | +12.3% |
| Other operating charges | 640/8 | €73,931 | €3,954 | -€69,977 | -94.7% |
| Gross operating margin | 9900 | €72,097 | €15,608 | -€56,488 | -78.4% |
| Operating profit (loss) | 9901 | -€86,867 | -€99,646 | -€12,779 | -14.7% |
| Financial income | 75/76B | €537 | €411 | -€126 | -23.5% |
| Recurring financial income | 75 | €537 | €411 | -€126 | -23.5% |
| Financial charges | 65/66B | €20,696 | €15,625 | -€5,071 | -24.5% |
| Recurring financial charges | 65 | €20,696 | €15,625 | -€5,071 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€107,026 | -€114,861 | -€7,835 | -7.3% |
| Income taxes | 67/77 | €104,024 | - | -€104,024 | |
| Profit (loss) for the period | 9904 | -€211,050 | -€114,861 | +€96,190 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€211,050 | -€114,861 | +€96,190 | +45.6% |
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.