TAMU: 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.
TAMU
Largest movements
- Receivables within one year -€21,736
down €21,736 (-95.6%), from €22,742 to €1,005
of which Other amounts receivable: -€17,814
- Tangible fixed assets -€19,262
down €19,262 (-48.7%), from €39,562 to €20,300
of which Other tangible fixed assets: -€12,417
- Cash +€18,199
up €18,199 (+58.3%), from €31,226 to €49,425
mainly Receivables within one year (+€21,736) and Depreciation (+€19,262)
- Current investments +€10,000
new in 2025: €10,000
- Stocks and contracts +€6,157
up €6,157 (+39.0%), from €15,783 to €21,940
- Profit (loss) carried forward -€8,246
down €8,246 (-88.1%), from -€9,356 to -€17,602
- Trade debts +€7,141
up €7,141 (+65.4%), from €10,924 to €18,066
- Tax, wage and social debts -€1,764
down €1,764 (-9.2%), from €19,271 to €17,507
of which Remuneration and social security: -€1,778
- Accrued charges and deferred income -€1,753
down €1,753 (-57.3%), from €3,060 to €1,307
- Staff costs +€13,992
up €13,992 (+11.8%), from €118,228 to €132,220
- Gross operating margin -€2,913
down €2,913 (-1.9%), from €151,913 to €149,000
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 | €119,816 | €115,299 | -€4,517 | -3.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €40,012 | €20,750 | -€19,262 | -48.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €39,562 | €20,300 | -€19,262 | -48.7% |
| Plant, machinery and equipment | 23 | €13,027 | €6,450 | -€6,577 | -50.5% |
| Furniture and vehicles | 24 | €457 | €189 | -€268 | -58.7% |
| Other tangible fixed assets | 26 | €26,078 | €13,661 | -€12,417 | -47.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €79,804 | €94,549 | +€14,745 | +18.5% |
| Stocks and contracts in progress | 3 | €15,783 | €21,940 | +€6,157 | +39.0% |
| Stocks | 30/36 | €15,783 | €21,940 | +€6,157 | +39.0% |
| Amounts receivable within one year | 40/41 | €22,742 | €1,005 | -€21,736 | -95.6% |
| Trade receivables | 40 | €4,386 | €464 | -€3,922 | -89.4% |
| Other amounts receivable | 41 | €18,356 | €542 | -€17,814 | -97.0% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €31,226 | €49,425 | +€18,199 | +58.3% |
| Deferred charges and accrued income | 490/1 | €10,053 | €12,179 | +€2,126 | +21.1% |
| Total equity and liabilities | 10/49 | €119,816 | €115,299 | -€4,517 | -3.8% |
| Equity | 10/15 | €16,144 | €7,898 | -€8,246 | -51.1% |
| Contributions | 10/11 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,356 | -€17,602 | -€8,246 | -88.1% |
| Amounts payable | 17/49 | €103,672 | €107,402 | +€3,730 | +3.6% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,612 | €46,095 | +€5,483 | +13.5% |
| Trade debts | 44 | €10,924 | €18,066 | +€7,141 | +65.4% |
| Suppliers | 440/4 | €10,924 | €18,066 | +€7,141 | +65.4% |
| Advances received on contracts in progress | 46 | €105 | €86 | -€19 | -18.1% |
| Taxes, remuneration and social security | 45 | €19,271 | €17,507 | -€1,764 | -9.2% |
| Taxes | 450/3 | €8,670 | €8,684 | +€14 | +0.2% |
| Remuneration and social security | 454/9 | €10,601 | €8,823 | -€1,778 | -16.8% |
| Other amounts payable | 47/48 | €10,312 | €10,436 | +€124 | +1.2% |
| Accrued charges and deferred income | 492/3 | €3,060 | €1,307 | -€1,753 | -57.3% |
| Remuneration, social security and pensions | 62 | €118,228 | €132,220 | +€13,992 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,567 | €19,262 | -€1,305 | -6.3% |
| Other operating charges | 640/8 | €4,764 | €4,320 | -€444 | -9.3% |
| Gross operating margin | 9900 | €151,913 | €149,000 | -€2,913 | -1.9% |
| Operating profit (loss) | 9901 | €8,354 | -€6,802 | -€15,156 | |
| Financial income | 75/76B | €1,400 | €973 | -€427 | -30.5% |
| Recurring financial income | 75 | €1,400 | €973 | -€427 | -30.5% |
| Financial charges | 65/66B | €2,719 | €2,417 | -€302 | -11.1% |
| Recurring financial charges | 65 | €2,719 | €2,417 | -€302 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €7,035 | -€8,246 | -€15,282 | |
| Profit (loss) for the period | 9904 | €7,035 | -€8,246 | -€15,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,035 | -€8,246 | -€15,282 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.