TAMO: 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.
TAMO
Largest movements
- Tangible fixed assets -€15,352
down €15,352 (-27.6%), from €55,719 to €40,367
of which Other tangible fixed assets: -€12,832
- Cash +€13,900
up €13,900 (+311.4%), from €4,464 to €18,363
mainly Depreciation (+€13,904) and Net result for the year (+€6,748)
- Profit (loss) carried forward +€6,748
up €6,748 (+85.3%), from -€7,915 to -€1,167
- Debts after one year -€6,681
down €6,681 (-28.6%), from €23,353 to €16,672
- Trade debts -€1,403
no longer reported in 2025 (was €1,403)
- Gross operating margin +€8,670
up €8,670 (+59.2%), from €14,653 to €23,323
- Depreciation -€612
down €612 (-4.2%), from €14,516 to €13,904
- Other operating charges -€275
down €275 (-16.4%), from €1,676 to €1,401
- Financial charges -€238
down €238 (-15.8%), from €1,507 to €1,270
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 | €60,742 | €59,654 | -€1,088 | -1.8% |
| Fixed assets | 21/28 | €55,719 | €40,367 | -€15,352 | -27.6% |
| Tangible fixed assets | 22/27 | €55,719 | €40,367 | -€15,352 | -27.6% |
| Plant, machinery and equipment | 23 | €2,520 | - | -€2,520 | |
| Other tangible fixed assets | 26 | €53,198 | €40,367 | -€12,832 | -24.1% |
| Current assets | 29/58 | €5,023 | €19,287 | +€14,264 | +283.9% |
| Cash at bank and in hand | 54/58 | €4,464 | €18,363 | +€13,900 | +311.4% |
| Deferred charges and accrued income | 490/1 | €560 | €924 | +€364 | +65.0% |
| Total equity and liabilities | 10/49 | €60,742 | €59,654 | -€1,088 | -1.8% |
| Equity | 10/15 | €23,912 | €30,660 | +€6,748 | +28.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €13,277 | €13,277 | = | 0.0% |
| Distributable reserves | 133 | €13,277 | €13,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,915 | -€1,167 | +€6,748 | +85.3% |
| Amounts payable | 17/49 | €36,830 | €28,994 | -€7,837 | -21.3% |
| Amounts payable after more than one year | 17 | €23,353 | €16,672 | -€6,681 | -28.6% |
| Financial debts | 170/4 | €23,353 | €16,672 | -€6,681 | -28.6% |
| Amounts payable within one year | 42/48 | €13,478 | €12,322 | -€1,156 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €6,418 | €6,681 | +€263 | +4.1% |
| Trade debts | 44 | €1,403 | - | -€1,403 | |
| Suppliers | 440/4 | €1,403 | - | -€1,403 | |
| Other amounts payable | 47/48 | €5,657 | €5,641 | -€16 | -0.3% |
| Non-recurring operating income | 76A | - | €7,480 | +€7,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,516 | €13,904 | -€612 | -4.2% |
| Other operating charges | 640/8 | €1,676 | €1,401 | -€275 | -16.4% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €14,653 | €23,323 | +€8,670 | +59.2% |
| Operating profit (loss) | 9901 | -€3,338 | €8,018 | +€11,356 | |
| Financial charges | 65/66B | €1,507 | €1,270 | -€238 | -15.8% |
| Recurring financial charges | 65 | €1,507 | €1,270 | -€238 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,846 | €6,748 | +€11,594 | |
| Profit (loss) for the period | 9904 | -€4,846 | €6,748 | +€11,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,846 | €6,748 | +€11,594 |
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 7 October 2026 via checked.be.