TAPA: 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.
TAPA
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Cash -€75,693
down €75,693 (-68.8%), from €109,949 to €34,256
mainly Current investments (-€125,000) and Tax, wage and social debts (-€2,631)
- Reserves +€51,815
up €51,815 (+51.2%), from €101,288 to €153,103
- Tax, wage and social debts -€2,631
down €2,631 (-17.7%), from €14,839 to €12,208
of which Taxes: -€2,631
- Gross operating margin +€3,505
up €3,505 (+5.6%), from €62,140 to €65,645
- Taxes +€766
up €766 (+5.8%), from €13,298 to €14,064
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 | €121,127 | €170,311 | +€49,184 | +40.6% |
| Fixed assets | 21/28 | €761 | €300 | -€461 | -60.5% |
| Tangible fixed assets | 22/27 | €761 | €300 | -€461 | -60.5% |
| Furniture and vehicles | 24 | €761 | €300 | -€461 | -60.5% |
| Current assets | 29/58 | €120,366 | €170,011 | +€49,645 | +41.2% |
| Amounts receivable within one year | 40/41 | €10,417 | €10,755 | +€338 | +3.2% |
| Trade receivables | 40 | €10,417 | €10,755 | +€338 | +3.2% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €109,949 | €34,256 | -€75,693 | -68.8% |
| Total equity and liabilities | 10/49 | €121,127 | €170,311 | +€49,184 | +40.6% |
| Equity | 10/15 | €106,288 | €158,103 | +€51,815 | +48.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €101,288 | €153,103 | +€51,815 | +51.2% |
| Distributable reserves | 133 | €101,288 | €153,103 | +€51,815 | +51.2% |
| Amounts payable | 17/49 | €14,839 | €12,208 | -€2,631 | -17.7% |
| Amounts payable within one year | 42/48 | €14,839 | €12,208 | -€2,631 | -17.7% |
| Taxes, remuneration and social security | 45 | €14,839 | €12,208 | -€2,631 | -17.7% |
| Taxes | 450/3 | €12,699 | €10,068 | -€2,631 | -20.7% |
| Remuneration and social security | 454/9 | €2,140 | €2,140 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €461 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €526 | +€138 | +35.7% |
| Gross operating margin | 9900 | €62,140 | €65,645 | +€3,505 | +5.6% |
| Operating profit (loss) | 9901 | €61,292 | €64,658 | +€3,366 | +5.5% |
| Financial income | 75/76B | €889 | €1,266 | +€377 | +42.4% |
| Recurring financial income | 75 | €889 | €1,266 | +€377 | +42.4% |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.4% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €62,147 | €65,879 | +€3,732 | +6.0% |
| Income taxes | 67/77 | €13,298 | €14,064 | +€766 | +5.8% |
| Profit (loss) for the period | 9904 | €48,849 | €51,815 | +€2,966 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,849 | €51,815 | +€2,966 | +6.1% |
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 29 October 2026 via checked.be.