TAPAS Y MAS: 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.
TAPAS Y MAS
Largest movements
- Receivables within one year +€13,368
new in 2025: €13,368
of which Trade receivables: +€13,089
- Tangible fixed assets +€11,735
up €11,735 (+1,862%), from €630 to €12,366
- Cash -€775
down €775 (-49.2%), from €1,574 to €799
mainly Debts after one year (-€19,791) and Net result for the year (-€18,096)
- Other debts +€52,938
new in 2025: €52,938
- Debts after one year -€19,791
no longer reported in 2025 (was €19,791)
- Profit (loss) carried forward -€18,096
down €18,096 (-23.8%), from -€75,996 to -€94,092
- Trade debts +€12,015
up €12,015 (+194%), from €6,205 to €18,220
- Tax, wage and social debts -€2,759
no longer reported in 2025 (was €2,759)
- Gross operating margin -€8,190
down €8,190, from €1,556 to -€6,634
- Other operating charges +€6,010
up €6,010 (+160%), from €3,763 to €9,773
- Depreciation +€955
up €955 (+240%), from €398 to €1,353
- Financial charges -€443
down €443 (-65.5%), from €677 to €234
- Taxes +€113
new in 2025: €113
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 | €3,219 | €27,548 | +€24,329 | +756% |
| Fixed assets | 21/28 | €630 | €12,366 | +€11,735 | +1,862% |
| Tangible fixed assets | 22/27 | €630 | €12,366 | +€11,735 | +1,862% |
| Plant, machinery and equipment | 23 | €630 | €12,366 | +€11,735 | +1,862% |
| Current assets | 29/58 | €2,589 | €15,183 | +€12,594 | +486% |
| Stocks and contracts in progress | 3 | €1,015 | €1,015 | = | 0.0% |
| Stocks | 30/36 | €1,015 | €1,015 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €13,368 | +€13,368 | |
| Trade receivables | 40 | - | €13,089 | +€13,089 | |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | €1,574 | €799 | -€775 | -49.2% |
| Total equity and liabilities | 10/49 | €3,219 | €27,548 | +€24,329 | +756% |
| Equity | 10/15 | -€25,536 | -€43,632 | -€18,096 | -70.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,996 | -€94,092 | -€18,096 | -23.8% |
| Amounts payable | 17/49 | €28,755 | €71,180 | +€42,425 | +148% |
| Amounts payable after more than one year | 17 | €19,791 | - | -€19,791 | |
| Other amounts payable | 178/9 | €19,791 | - | -€19,791 | |
| Amounts payable within one year | 42/48 | €8,964 | €71,180 | +€62,216 | +694% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €6,205 | €18,220 | +€12,015 | +194% |
| Suppliers | 440/4 | €6,205 | €18,220 | +€12,015 | +194% |
| Taxes, remuneration and social security | 45 | €2,759 | - | -€2,759 | |
| Taxes | 450/3 | €2,759 | - | -€2,759 | |
| Other amounts payable | 47/48 | - | €52,938 | +€52,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €1,353 | +€955 | +240% |
| Other operating charges | 640/8 | €3,763 | €9,773 | +€6,010 | +160% |
| Gross operating margin | 9900 | €1,556 | -€6,634 | -€8,190 | |
| Operating profit (loss) | 9901 | -€2,605 | -€17,759 | -€15,154 | -582% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €677 | €234 | -€443 | -65.5% |
| Recurring financial charges | 65 | €677 | €234 | -€443 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,283 | -€17,983 | -€14,700 | -448% |
| Income taxes | 67/77 | - | €113 | +€113 | |
| Profit (loss) for the period | 9904 | -€3,283 | -€18,096 | -€14,813 | -451% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,283 | -€18,096 | -€14,813 | -451% |
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 20 October 2026 via checked.be.