TAO GUITARS: 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.
TAO GUITARS
Largest movements
- Stocks and contracts +€9,023
up €9,023 (+51.9%), from €17,375 to €26,397
- Profit (loss) carried forward +€12,672
up €12,672, from -€4,905 to €7,767
- Tax, wage and social debts -€9,006
down €9,006 (-90.9%), from €9,906 to €900
of which Taxes: -€9,906
- Other debts +€8,436
up €8,436 (+23.7%), from €35,642 to €44,078
- Trade debts -€2,918
down €2,918 (-73.2%), from €3,987 to €1,069
- Gross operating margin +€25,284
up €25,284 (+260%), from €9,722 to €35,006
- Staff costs +€3,210
up €3,210 (+36.9%), from €8,692 to €11,902
- Financial charges +€416
up €416 (+70.5%), from €590 to €1,006
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,503 | €72,682 | +€9,179 | +14.5% |
| Fixed assets | 21/28 | €3,001 | €2,400 | -€601 | -20.0% |
| Tangible fixed assets | 22/27 | €601 | - | -€601 | |
| Plant, machinery and equipment | 23 | €601 | - | -€601 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €60,502 | €70,282 | +€9,780 | +16.2% |
| Stocks and contracts in progress | 3 | €17,375 | €26,397 | +€9,023 | +51.9% |
| Stocks | 30/36 | €17,375 | €26,397 | +€9,023 | +51.9% |
| Amounts receivable within one year | 40/41 | €17,132 | €17,337 | +€206 | +1.2% |
| Trade receivables | 40 | €6,623 | €16,391 | +€9,768 | +147% |
| Other amounts receivable | 41 | €10,508 | €946 | -€9,562 | -91.0% |
| Cash at bank and in hand | 54/58 | €25,996 | €26,260 | +€264 | +1.0% |
| Deferred charges and accrued income | 490/1 | - | €288 | +€288 | |
| Total equity and liabilities | 10/49 | €63,503 | €72,682 | +€9,179 | +14.5% |
| Equity | 10/15 | €13,963 | €26,635 | +€12,672 | +90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €267 | €267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €267 | €267 | = | 0.0% |
| Reserves not available under the articles | 1311 | €267 | €267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,905 | €7,767 | +€12,672 | |
| Amounts payable | 17/49 | €49,540 | €46,048 | -€3,493 | -7.0% |
| Amounts payable within one year | 42/48 | €49,540 | €46,048 | -€3,493 | -7.0% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €3,987 | €1,069 | -€2,918 | -73.2% |
| Suppliers | 440/4 | €3,987 | €1,069 | -€2,918 | -73.2% |
| Taxes, remuneration and social security | 45 | €9,906 | €900 | -€9,006 | -90.9% |
| Taxes | 450/3 | €9,906 | - | -€9,906 | |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €35,642 | €44,078 | +€8,436 | +23.7% |
| Remuneration, social security and pensions | 62 | €8,692 | €11,902 | +€3,210 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €601 | +€0 | 0.0% |
| Other operating charges | 640/8 | €9,029 | €8,825 | -€204 | -2.3% |
| Gross operating margin | 9900 | €9,722 | €35,006 | +€25,284 | +260% |
| Operating profit (loss) | 9901 | -€8,601 | €13,678 | +€22,278 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €590 | €1,006 | +€416 | +70.5% |
| Recurring financial charges | 65 | €590 | €1,006 | +€416 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,191 | €12,672 | +€21,863 | |
| Profit (loss) for the period | 9904 | -€9,191 | €12,672 | +€21,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,191 | €12,672 | +€21,863 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.