TAPASOIF NAMUR: 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.
TAPASOIF NAMUR
Largest movements
- Cash +€12,436
up €12,436 (+17.7%), from €70,268 to €82,704
mainly Net result for the year (+€14,650) and Depreciation (+€4,358)
- Tangible fixed assets -€3,210
down €3,210 (-13.5%), from €23,787 to €20,577
of which Plant, machinery and equipment: -€1,910
- Receivables within one year +€3,125
new in 2025: €3,125
- Stocks and contracts +€1,523
up €1,523 (+26.2%), from €5,807 to €7,329
- Deferred charges and accrued income -€1,380
no longer reported in 2025 (was €1,380)
- Reserves +€14,650
up €14,650 (+17.8%), from €82,406 to €97,056
- Tax, wage and social debts -€2,315
down €2,315 (-22.6%), from €10,230 to €7,915
of which Remuneration and social security: -€1,563
- Gross operating margin -€43,730
down €43,730 (-53.0%), from €82,488 to €38,758
- Taxes -€17,221
down €17,221 (-71.5%), from €24,097 to €6,875
- Staff costs +€8,737
up €8,737 (+1,021%), from €856 to €9,592
- Depreciation +€1,389
up €1,389 (+46.8%), from €2,969 to €4,358
- Other operating charges -€1,192
down €1,192 (-36.0%), from €3,308 to €2,116
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 | €101,576 | €114,069 | +€12,493 | +12.3% |
| Fixed assets | 21/28 | €24,121 | €20,911 | -€3,210 | -13.3% |
| Tangible fixed assets | 22/27 | €23,787 | €20,577 | -€3,210 | -13.5% |
| Plant, machinery and equipment | 23 | €11,899 | €9,989 | -€1,910 | -16.1% |
| Other tangible fixed assets | 26 | €11,887 | €10,587 | -€1,300 | -10.9% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €77,455 | €93,158 | +€15,703 | +20.3% |
| Stocks and contracts in progress | 3 | €5,807 | €7,329 | +€1,523 | +26.2% |
| Stocks | 30/36 | €5,807 | €7,329 | +€1,523 | +26.2% |
| Amounts receivable within one year | 40/41 | - | €3,125 | +€3,125 | |
| Other amounts receivable | 41 | - | €3,125 | +€3,125 | |
| Cash at bank and in hand | 54/58 | €70,268 | €82,704 | +€12,436 | +17.7% |
| Deferred charges and accrued income | 490/1 | €1,380 | - | -€1,380 | |
| Total equity and liabilities | 10/49 | €101,576 | €114,069 | +€12,493 | +12.3% |
| Equity | 10/15 | €88,606 | €103,256 | +€14,650 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,406 | €97,056 | +€14,650 | +17.8% |
| Distributable reserves | 133 | €82,406 | €97,056 | +€14,650 | +17.8% |
| Amounts payable | 17/49 | €12,970 | €10,813 | -€2,156 | -16.6% |
| Amounts payable within one year | 42/48 | €12,970 | €10,813 | -€2,156 | -16.6% |
| Trade debts | 44 | €1,773 | €2,232 | +€459 | +25.9% |
| Suppliers | 440/4 | €1,773 | €2,232 | +€459 | +25.9% |
| Taxes, remuneration and social security | 45 | €10,230 | €7,915 | -€2,315 | -22.6% |
| Taxes | 450/3 | €7,675 | €6,922 | -€752 | -9.8% |
| Remuneration and social security | 454/9 | €2,556 | €993 | -€1,563 | -61.1% |
| Other amounts payable | 47/48 | €966 | €666 | -€300 | -31.1% |
| Remuneration, social security and pensions | 62 | €856 | €9,592 | +€8,737 | +1,021% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,969 | €4,358 | +€1,389 | +46.8% |
| Other operating charges | 640/8 | €3,308 | €2,116 | -€1,192 | -36.0% |
| Gross operating margin | 9900 | €82,488 | €38,758 | -€43,730 | -53.0% |
| Operating profit (loss) | 9901 | €75,355 | €22,692 | -€52,664 | -69.9% |
| Financial charges | 65/66B | €1,464 | €1,167 | -€298 | -20.3% |
| Recurring financial charges | 65 | €1,464 | €1,167 | -€298 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €73,891 | €21,525 | -€52,366 | -70.9% |
| Income taxes | 67/77 | €24,097 | €6,875 | -€17,221 | -71.5% |
| Profit (loss) for the period | 9904 | €49,795 | €14,650 | -€35,145 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,795 | €14,650 | -€35,145 | -70.6% |
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 27 October 2026 via checked.be.