TAPAZZ: what changed
Two fiscal 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.
TAPAZZ
Largest movements
- Intangible fixed assets -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Receivables within one year +€217,242
up €217,242 (+1654.4%), from €13,132 to €230,374
of which Other amounts receivable: +€223,624
- Cash -€45,334
down €45,334 (-80.8%), from €56,086 to €10,752
mainly Other debts (-€1.0m) and Receivables within one year (-€217,242)
- Other debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Depreciation -€176,576
down €176,576 (-100.0%), from €176,576 to €0
- Gross operating margin -€45,300
down €45,300, from €42,482 to -€2,818
- Financial charges -€6,150
down €6,150 (-96.2%), from €6,393 to €243
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 | €1,281,907 | €241,126 | -€1.0m | -81.2% |
| Fixed assets | 21/28 | €1,212,486 | €0 | -€1.2m | -100.0% |
| Intangible fixed assets | 21 | €1,212,486 | €0 | -€1.2m | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €69,421 | €241,126 | +€171,705 | +247.3% |
| Amounts receivable within one year | 40/41 | €13,132 | €230,374 | +€217,242 | +1654.4% |
| Trade receivables | 40 | €6,755 | €374 | -€6,382 | -94.5% |
| Other amounts receivable | 41 | €6,376 | €230,000 | +€223,624 | +3507.2% |
| Cash at bank and in hand | 54/58 | €56,086 | €10,752 | -€45,334 | -80.8% |
| Deferred charges and accrued income | 490/1 | €203 | €0 | -€203 | -100.0% |
| Total equity and liabilities | 10/49 | €1,281,907 | €241,126 | -€1.0m | -81.2% |
| Equity | 10/15 | €243,729 | €240,014 | -€3,716 | -1.5% |
| Contributions | 10/11 | €520,500 | €520,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,771 | -€280,486 | -€3,716 | -1.3% |
| Amounts payable | 17/49 | €1,038,178 | €1,112 | -€1.0m | -99.9% |
| Amounts payable within one year | 42/48 | €1,037,070 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €2,070 | €0 | -€2,070 | -100.0% |
| Suppliers | 440/4 | €2,070 | €0 | -€2,070 | -100.0% |
| Other amounts payable | 47/48 | €1,035,000 | €0 | -€1.0m | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,107 | €1,112 | +€4 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,576 | €0 | -€176,576 | -100.0% |
| Other operating charges | 640/8 | €528 | €655 | +€127 | +24.0% |
| Gross operating margin | 9900 | €42,482 | -€2,818 | -€45,300 | |
| Operating profit (loss) | 9901 | -€134,623 | -€3,473 | +€131,150 | +97.4% |
| Financial charges | 65/66B | €6,393 | €243 | -€6,150 | -96.2% |
| Recurring financial charges | 65 | €6,393 | €243 | -€6,150 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€141,015 | -€3,716 | +€137,300 | +97.4% |
| Profit (loss) for the period | 9904 | -€141,015 | -€3,716 | +€137,300 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,015 | -€3,716 | +€137,300 | +97.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.