TAMON: 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.
TAMON
Largest movements
- Tangible fixed assets -€4.2m
down €4.2m (-13.4%), from €31.1m to €26.9m
- Contributions +€10.9m
up €10.9m (+112.0%), from €9.7m to €20.6m
- Revaluation surpluses -€10.9m
no longer reported in 2025 (was €10.9m)
- Debts after one year -€4.9m
down €4.9m (-45.1%), from €10.9m to €6.0m
of which Financial debts: -€4.8m
- Profit (loss) carried forward +€746,462
up €746,462 (+88.0%), from -€848,055 to -€101,593
- Gross operating margin +€781,700
up €781,700 (+66.5%), from €1.2m to €2.0m
- Depreciation -€232,485
down €232,485 (-30.8%), from €755,127 to €522,642
- Other operating charges +€39,831
up €39,831 (+21.2%), from €187,924 to €227,756
- Financial charges -€23,747
down €23,747 (-4.9%), from €483,452 to €459,705
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 | €32,051,771 | €27,789,962 | -€4.3m | -13.3% |
| Fixed assets | 21/28 | €31,112,456 | €26,943,950 | -€4.2m | -13.4% |
| Tangible fixed assets | 22/27 | €31,112,456 | €26,943,950 | -€4.2m | -13.4% |
| Land and buildings | 22 | €31,112,456 | €26,943,950 | -€4.2m | -13.4% |
| Current assets | 29/58 | €939,314 | €846,012 | -€93,302 | -9.9% |
| Amounts receivable within one year | 40/41 | €122,158 | €93,262 | -€28,896 | -23.7% |
| Trade receivables | 40 | - | €2,190 | +€2,190 | |
| Other amounts receivable | 41 | €122,158 | €91,072 | -€31,086 | -25.4% |
| Cash at bank and in hand | 54/58 | €817,156 | €750,660 | -€66,496 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €2,090 | +€2,090 | |
| Total equity and liabilities | 10/49 | €32,051,771 | €27,789,962 | -€4.3m | -13.3% |
| Equity | 10/15 | €19,794,245 | €20,540,707 | +€746,462 | +3.8% |
| Contributions | 10/11 | €9,736,500 | €20,642,299 | +€10.9m | +112.0% |
| Revaluation surpluses | 12 | €10,905,799 | - | -€10.9m | |
| Profit (loss) carried forward | 14 | -€848,055 | -€101,593 | +€746,462 | +88.0% |
| Amounts payable | 17/49 | €12,257,526 | €7,249,255 | -€5.0m | -40.9% |
| Amounts payable after more than one year | 17 | €10,939,707 | €6,008,819 | -€4.9m | -45.1% |
| Financial debts | 170/4 | €10,310,202 | €5,542,604 | -€4.8m | -46.2% |
| Other amounts payable | 178/9 | €629,505 | €466,215 | -€163,290 | -25.9% |
| Amounts payable within one year | 42/48 | €1,148,229 | €1,070,816 | -€77,414 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €929,478 | €735,424 | -€194,054 | -20.9% |
| Trade debts | 44 | €74,751 | €220,392 | +€145,641 | +194.8% |
| Suppliers | 440/4 | €74,751 | €220,392 | +€145,641 | +194.8% |
| Other amounts payable | 47/48 | €144,000 | €115,000 | -€29,000 | -20.1% |
| Accrued charges and deferred income | 492/3 | €169,589 | €169,620 | +€31 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755,127 | €522,642 | -€232,485 | -30.8% |
| Other operating charges | 640/8 | €187,924 | €227,756 | +€39,831 | +21.2% |
| Gross operating margin | 9900 | €1,174,695 | €1,956,396 | +€781,700 | +66.5% |
| Operating profit (loss) | 9901 | €231,644 | €1,205,998 | +€974,354 | +420.6% |
| Financial income | 75/76B | €4 | €168 | +€164 | +4183.2% |
| Recurring financial income | 75 | €4 | €168 | +€164 | +4183.2% |
| Financial charges | 65/66B | €483,452 | €459,705 | -€23,747 | -4.9% |
| Recurring financial charges | 65 | €483,452 | €459,705 | -€23,747 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€251,803 | €746,462 | +€998,265 | |
| Profit (loss) for the period | 9904 | -€251,803 | €746,462 | +€998,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€251,803 | €746,462 | +€998,265 |
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 29 September 2026 via checked.be.