TAP Management: 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.
TAP Management
Largest movements
- Receivables within one year +€52,910
up €52,910 (+160.6%), from €32,946 to €85,856
of which Trade receivables: +€52,910
- Cash +€3,729
up €3,729 (+149.4%), from €2,497 to €6,226
mainly Tax, wage and social debts (+€22,067) and Other debts (+€15,997)
- Tangible fixed assets -€1,825
down €1,825 (-14.9%), from €12,251 to €10,426
of which Plant, machinery and equipment: -€1,638
- Tax, wage and social debts +€22,067
up €22,067 (+99.7%), from €22,122 to €44,189
of which Taxes: +€13,350
- Other debts +€15,997
up €15,997 (+153.1%), from €10,446 to €26,443
- Profit (loss) carried forward +€15,664
up €15,664, from -€5,079 to €10,586
- Trade debts +€1,086
up €1,086 (+62.2%), from €1,745 to €2,830
- Gross operating margin +€25,213
up €25,213 (+31.1%), from €80,946 to €106,159
- Taxes +€5,449
up €5,449 (+3454.3%), from €158 to €5,607
- Staff costs -€2,152
down €2,152 (-2.6%), from €81,357 to €79,205
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 | €47,784 | €102,598 | +€54,814 | +114.7% |
| Fixed assets | 21/28 | €12,341 | €10,516 | -€1,825 | -14.8% |
| Tangible fixed assets | 22/27 | €12,251 | €10,426 | -€1,825 | -14.9% |
| Plant, machinery and equipment | 23 | €11,392 | €9,754 | -€1,638 | -14.4% |
| Furniture and vehicles | 24 | €859 | €672 | -€188 | -21.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €35,443 | €92,082 | +€56,639 | +159.8% |
| Amounts receivable within one year | 40/41 | €32,946 | €85,856 | +€52,910 | +160.6% |
| Trade receivables | 40 | €12,946 | €65,856 | +€52,910 | +408.7% |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,497 | €6,226 | +€3,729 | +149.4% |
| Total equity and liabilities | 10/49 | €47,784 | €102,598 | +€54,814 | +114.7% |
| Equity | 10/15 | €13,471 | €29,136 | +€15,664 | +116.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,079 | €10,586 | +€15,664 | |
| Amounts payable | 17/49 | €34,312 | €73,462 | +€39,150 | +114.1% |
| Amounts payable within one year | 42/48 | €34,312 | €73,462 | +€39,150 | +114.1% |
| Trade debts | 44 | €1,745 | €2,830 | +€1,086 | +62.2% |
| Suppliers | 440/4 | €1,745 | €2,830 | +€1,086 | +62.2% |
| Taxes, remuneration and social security | 45 | €22,122 | €44,189 | +€22,067 | +99.7% |
| Taxes | 450/3 | €7,960 | €21,310 | +€13,350 | +167.7% |
| Remuneration and social security | 454/9 | €14,162 | €22,879 | +€8,717 | +61.6% |
| Other amounts payable | 47/48 | €10,446 | €26,443 | +€15,997 | +153.1% |
| Remuneration, social security and pensions | 62 | €81,357 | €79,205 | -€2,152 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,188 | €4,427 | +€239 | +5.7% |
| Other operating charges | 640/8 | €536 | €1,096 | +€561 | +104.6% |
| Gross operating margin | 9900 | €80,946 | €106,159 | +€25,213 | +31.1% |
| Operating profit (loss) | 9901 | -€5,135 | €21,431 | +€26,565 | |
| Financial income | 75/76B | €0 | €46 | +€46 | +21819.0% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +21819.0% |
| Financial charges | 65/66B | €842 | €205 | -€637 | -75.6% |
| Recurring financial charges | 65 | €842 | €205 | -€637 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,976 | €21,271 | +€27,248 | |
| Income taxes | 67/77 | €158 | €5,607 | +€5,449 | +3454.3% |
| Profit (loss) for the period | 9904 | -€6,134 | €15,664 | +€21,798 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,134 | €15,664 | +€21,798 |
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 11 October 2026 via checked.be.