Taowang: what changed
Taowang
Largest movements
- Cash -€20,245
down €20,245 (-67.5%), from €29,979 to €9,734
mainly Tax, wage and social debts (-€27,412) and Investment in fixed assets (net) (-€17,889)
- Receivables within one year +€13,067
up €13,067 (+65.2%), from €20,036 to €33,103
of which Other amounts receivable: +€13,067
- Tangible fixed assets +€7,760
up €7,760 (+110%), from €7,024 to €14,784
of which Plant, machinery and equipment: +€7,768
- Intangible fixed assets +€1,500
up €1,500 (+100%), from €1,500 to €3,000
- Profit (loss) carried forward +€44,687
up €44,687 (+74.4%), from -€60,068 to -€15,380
- Tax, wage and social debts -€27,412
down €27,412 (-68.0%), from €40,338 to €12,926
of which Remuneration and social security: -€23,727
- Trade debts -€10,180
down €10,180 (-27.8%), from €36,647 to €26,467
- Advances received -€4,877
no longer reported in 2025 (was €4,877)
- Gross operating margin +€16,667
up €16,667 (+51.9%), from €32,116 to €48,783
- Depreciation -€15,934
down €15,934 (-64.9%), from €24,562 to €8,628
- Taxes -€2,562
down €2,562 (-80.1%), from €3,197 to €635
- Other operating charges -€1,575
down €1,575 (-42.0%), from €3,751 to €2,176
- Financial income +€1,062
new in 2025: €1,062
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,794 | €74,012 | +€2,218 | +3.1% |
| Fixed assets | 21/28 | €8,524 | €17,784 | +€9,260 | +109% |
| Intangible fixed assets | 21 | €1,500 | €3,000 | +€1,500 | +100% |
| Tangible fixed assets | 22/27 | €7,024 | €14,784 | +€7,760 | +110% |
| Plant, machinery and equipment | 23 | €4,115 | €11,883 | +€7,768 | +189% |
| Furniture and vehicles | 24 | €2,909 | €2,901 | -€8 | -0.3% |
| Current assets | 29/58 | €63,271 | €56,228 | -€7,042 | -11.1% |
| Stocks and contracts in progress | 3 | €13,256 | €13,391 | +€135 | +1.0% |
| Stocks | 30/36 | €13,256 | €13,391 | +€135 | +1.0% |
| Amounts receivable within one year | 40/41 | €20,036 | €33,103 | +€13,067 | +65.2% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €20,036 | €33,103 | +€13,067 | +65.2% |
| Cash at bank and in hand | 54/58 | €29,979 | €9,734 | -€20,245 | -67.5% |
| Total equity and liabilities | 10/49 | €71,794 | €74,012 | +€2,218 | +3.1% |
| Equity | 10/15 | -€10,068 | €34,620 | +€44,687 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,068 | -€15,380 | +€44,687 | +74.4% |
| Amounts payable | 17/49 | €81,862 | €39,393 | -€42,469 | -51.9% |
| Amounts payable within one year | 42/48 | €81,862 | €39,393 | -€42,469 | -51.9% |
| Trade debts | 44 | €36,647 | €26,467 | -€10,180 | -27.8% |
| Suppliers | 440/4 | €36,647 | €26,467 | -€10,180 | -27.8% |
| Advances received on contracts in progress | 46 | €4,877 | - | -€4,877 | |
| Taxes, remuneration and social security | 45 | €40,338 | €12,926 | -€27,412 | -68.0% |
| Taxes | 450/3 | €7,060 | €3,375 | -€3,685 | -52.2% |
| Remuneration and social security | 454/9 | €33,278 | €9,550 | -€23,727 | -71.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9,247 | €9,174 | -€73 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,562 | €8,628 | -€15,934 | -64.9% |
| Other operating charges | 640/8 | €3,751 | €2,176 | -€1,575 | -42.0% |
| Gross operating margin | 9900 | €32,116 | €48,783 | +€16,667 | +51.9% |
| Operating profit (loss) | 9901 | -€5,444 | €28,804 | +€34,249 | |
| Financial income | 75/76B | - | €1,062 | +€1,062 | |
| Recurring financial income | 75 | - | €1,062 | +€1,062 | |
| Financial charges | 65/66B | €199 | €582 | +€383 | +193% |
| Recurring financial charges | 65 | €199 | €582 | +€383 | +193% |
| Profit (loss) for the period before taxes | 9903 | -€5,643 | €29,284 | +€34,927 | |
| Income taxes | 67/77 | €3,197 | €635 | -€2,562 | -80.1% |
| Profit (loss) for the period | 9904 | -€8,841 | €28,649 | +€37,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,841 | €28,649 | +€37,489 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.