TAOH: 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.
TAOH
Largest movements
- Cash -€24,673
down €24,673 (-66.2%), from €37,267 to €12,593
mainly Other debts (-€27,030) and Receivables within one year (-€4,498)
- Tangible fixed assets -€8,026
down €8,026 (-12.3%), from €65,479 to €57,453
of which Plant, machinery and equipment: -€7,991
- Receivables within one year +€4,498
up €4,498 (+30.3%), from €14,861 to €19,358
of which Trade receivables: +€4,177
- Other debts -€27,030
down €27,030 (-100%), from €27,030 to €0
- Profit (loss) carried forward -€4,258
down €4,258 (-7.6%), from €56,374 to €52,116
- Debts after one year -€2,637
down €2,637 (-59.8%), from €4,410 to €1,773
- Trade debts +€2,567
up €2,567 (+151%), from €1,702 to €4,269
- Tax, wage and social debts +€2,057
up €2,057 (+35.2%), from €5,839 to €7,896
- Gross operating margin -€16,168
down €16,168 (-64.1%), from €25,222 to €9,055
- Taxes -€4,728
down €4,728 (-91.5%), from €5,170 to €441
- Depreciation +€865
up €865 (+8.3%), from €10,429 to €11,294
- Other operating charges +€373
up €373 (+58.2%), from €640 to €1,013
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.
Derived cash bridge
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 | €120,900 | €91,618 | -€29,282 | -24.2% |
| Fixed assets | 21/28 | €65,479 | €57,453 | -€8,026 | -12.3% |
| Tangible fixed assets | 22/27 | €65,479 | €57,453 | -€8,026 | -12.3% |
| Land and buildings | 22 | €18,961 | €18,361 | -€601 | -3.2% |
| Plant, machinery and equipment | 23 | €39,379 | €31,388 | -€7,991 | -20.3% |
| Furniture and vehicles | 24 | €7,139 | €7,705 | +€566 | +7.9% |
| Current assets | 29/58 | €55,422 | €34,165 | -€21,256 | -38.4% |
| Amounts receivable within one year | 40/41 | €14,861 | €19,358 | +€4,498 | +30.3% |
| Trade receivables | 40 | €14,861 | €19,038 | +€4,177 | +28.1% |
| Other amounts receivable | 41 | - | €321 | +€321 | |
| Cash at bank and in hand | 54/58 | €37,267 | €12,593 | -€24,673 | -66.2% |
| Deferred charges and accrued income | 490/1 | €3,294 | €2,214 | -€1,081 | -32.8% |
| Total equity and liabilities | 10/49 | €120,900 | €91,618 | -€29,282 | -24.2% |
| Equity | 10/15 | €78,334 | €74,076 | -€4,258 | -5.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,374 | €52,116 | -€4,258 | -7.6% |
| Amounts payable | 17/49 | €42,566 | €17,541 | -€25,025 | -58.8% |
| Amounts payable after more than one year | 17 | €4,410 | €1,773 | -€2,637 | -59.8% |
| Financial debts | 170/4 | €4,410 | €1,773 | -€2,637 | -59.8% |
| Amounts payable within one year | 42/48 | €37,182 | €14,802 | -€22,380 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | €2,637 | +€26 | +1.0% |
| Trade debts | 44 | €1,702 | €4,269 | +€2,567 | +151% |
| Suppliers | 440/4 | €1,702 | €4,269 | +€2,567 | +151% |
| Taxes, remuneration and social security | 45 | €5,839 | €7,896 | +€2,057 | +35.2% |
| Taxes | 450/3 | €5,839 | €7,896 | +€2,057 | +35.2% |
| Other amounts payable | 47/48 | €27,030 | €0 | -€27,030 | -100% |
| Accrued charges and deferred income | 492/3 | €974 | €967 | -€8 | -0.8% |
| Non-recurring operating income | 76A | €4,789 | €0 | -€4,789 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,429 | €11,294 | +€865 | +8.3% |
| Other operating charges | 640/8 | €640 | €1,013 | +€373 | +58.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,222 | €9,055 | -€16,168 | -64.1% |
| Operating profit (loss) | 9901 | €14,153 | -€3,252 | -€17,405 | |
| Financial income | 75/76B | €67 | €1 | -€66 | -99.2% |
| Recurring financial income | 75 | €67 | €1 | -€66 | -99.2% |
| Financial charges | 65/66B | €380 | €565 | +€185 | +48.8% |
| Recurring financial charges | 65 | €380 | €565 | +€185 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €13,840 | -€3,816 | -€17,657 | |
| Income taxes | 67/77 | €5,170 | €441 | -€4,728 | -91.5% |
| Profit (loss) for the period | 9904 | €8,671 | -€4,258 | -€12,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,671 | -€4,258 | -€12,929 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.