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 -€20,616
down €20,616 (-41.6%), from €49,577 to €28,962
- Cash +€19,472
up €19,472 (+176.3%), from €11,044 to €30,516
mainly Receivables within one year (+€20,616) and Net result for the year (+€9,548)
- Stocks and contracts +€9,617
up €9,617 (+17.4%), from €55,369 to €64,986
- Profit (loss) carried forward +€9,548
up €9,548 (+32.6%), from €29,272 to €38,820
- Trade debts -€2,381
down €2,381 (-9.7%), from €24,547 to €22,166
- Tax, wage and social debts +€1,306
up €1,306 (+77.4%), from €1,687 to €2,994
- Gross operating margin +€13,006
up €13,006 (+947.9%), from €1,372 to €14,378
- Taxes +€2,574
up €2,574 (+1396.4%), from €184 to €2,758
- Financial income -€1,235
down €1,235 (-37.9%), from €3,261 to €2,026
- Other operating charges -€449
down €449 (-11.5%), from €3,922 to €3,472
- Financial charges +€273
up €273 (+77.3%), from €353 to €625
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 | €115,990 | €124,463 | +€8,473 | +7.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €115,990 | €124,463 | +€8,473 | +7.3% |
| Stocks and contracts in progress | 3 | €55,369 | €64,986 | +€9,617 | +17.4% |
| Stocks | 30/36 | €55,369 | €64,986 | +€9,617 | +17.4% |
| Amounts receivable within one year | 40/41 | €49,577 | €28,962 | -€20,616 | -41.6% |
| Other amounts receivable | 41 | €49,577 | €28,962 | -€20,616 | -41.6% |
| Cash at bank and in hand | 54/58 | €11,044 | €30,516 | +€19,472 | +176.3% |
| Total equity and liabilities | 10/49 | €115,990 | €124,463 | +€8,473 | +7.3% |
| Equity | 10/15 | €89,756 | €99,304 | +€9,548 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,884 | €41,884 | = | 0.0% |
| Distributable reserves | 133 | €41,884 | €41,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,272 | €38,820 | +€9,548 | +32.6% |
| Amounts payable | 17/49 | €26,234 | €25,159 | -€1,075 | -4.1% |
| Amounts payable within one year | 42/48 | €26,234 | €25,159 | -€1,075 | -4.1% |
| Trade debts | 44 | €24,547 | €22,166 | -€2,381 | -9.7% |
| Suppliers | 440/4 | €24,547 | €22,166 | -€2,381 | -9.7% |
| Taxes, remuneration and social security | 45 | €1,687 | €2,994 | +€1,306 | +77.4% |
| Taxes | 450/3 | €1,687 | €2,994 | +€1,306 | +77.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €0 | -€33 | -100.0% |
| Other operating charges | 640/8 | €3,922 | €3,472 | -€449 | -11.5% |
| Gross operating margin | 9900 | €1,372 | €14,378 | +€13,006 | +947.9% |
| Operating profit (loss) | 9901 | -€2,583 | €10,905 | +€13,488 | |
| Financial income | 75/76B | €3,261 | €2,026 | -€1,235 | -37.9% |
| Recurring financial income | 75 | €3,261 | €2,026 | -€1,235 | -37.9% |
| Financial charges | 65/66B | €353 | €625 | +€273 | +77.3% |
| Recurring financial charges | 65 | €353 | €625 | +€273 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €325 | €12,306 | +€11,981 | +3681.7% |
| Income taxes | 67/77 | €184 | €2,758 | +€2,574 | +1396.4% |
| Profit (loss) for the period | 9904 | €141 | €9,548 | +€9,407 | +6666.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141 | €9,548 | +€9,407 | +6666.4% |
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 6 October 2026 via checked.be.