TAPIGRO: 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.
TAPIGRO
Largest movements
- Deferred charges and accrued income +€23,188
up €23,188 (+9680.4%), from €240 to €23,428
- Receivables within one year -€4,924
down €4,924 (-92.3%), from €5,336 to €413
of which Other amounts receivable: -€4,738
- Cash +€2,132
up €2,132 (+57.0%), from €3,742 to €5,874
mainly Net result for the year (+€18,363) and Receivables within one year (+€4,924)
- Tangible fixed assets -€958
down €958 (-35.0%), from €2,733 to €1,775
- Profit (loss) carried forward +€16,235
no longer reported in 2025 (was -€16,235)
- Reserves +€2,128
up €2,128 (+8.9%), from €23,959 to €26,088
- Tax, wage and social debts +€940
new in 2025: €940
- Gross operating margin +€24,700
up €24,700, from -€4,240 to €20,460
- Taxes +€940
new in 2025: €940
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 | €12,801 | €32,240 | +€19,439 | +151.9% |
| Fixed assets | 21/28 | €3,483 | €2,525 | -€958 | -27.5% |
| Tangible fixed assets | 22/27 | €2,733 | €1,775 | -€958 | -35.0% |
| Furniture and vehicles | 24 | €2,733 | €1,775 | -€958 | -35.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €9,318 | €29,715 | +€20,397 | +218.9% |
| Amounts receivable within one year | 40/41 | €5,336 | €413 | -€4,924 | -92.3% |
| Trade receivables | 40 | €185 | - | -€185 | |
| Other amounts receivable | 41 | €5,151 | €413 | -€4,738 | -92.0% |
| Cash at bank and in hand | 54/58 | €3,742 | €5,874 | +€2,132 | +57.0% |
| Deferred charges and accrued income | 490/1 | €240 | €23,428 | +€23,188 | +9680.4% |
| Total equity and liabilities | 10/49 | €12,801 | €32,240 | +€19,439 | +151.9% |
| Equity | 10/15 | €11,725 | €30,088 | +€18,363 | +156.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,959 | €26,088 | +€2,128 | +8.9% |
| Distributable reserves | 133 | €23,959 | €26,088 | +€2,128 | +8.9% |
| Profit (loss) carried forward | 14 | -€16,235 | - | +€16,235 | |
| Amounts payable | 17/49 | €1,076 | €2,152 | +€1,076 | +100.0% |
| Amounts payable within one year | 42/48 | €1,076 | €2,152 | +€1,076 | +100.0% |
| Trade debts | 44 | €150 | - | -€150 | |
| Suppliers | 440/4 | €150 | - | -€150 | |
| Taxes, remuneration and social security | 45 | - | €940 | +€940 | |
| Taxes | 450/3 | - | €940 | +€940 | |
| Other amounts payable | 47/48 | €926 | €1,213 | +€286 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €958 | = | 0.0% |
| Other operating charges | 640/8 | €295 | €144 | -€151 | -51.1% |
| Gross operating margin | 9900 | -€4,240 | €20,460 | +€24,700 | |
| Operating profit (loss) | 9901 | -€5,493 | €19,358 | +€24,851 | |
| Financial charges | 65/66B | €57 | €55 | -€2 | -3.1% |
| Recurring financial charges | 65 | €57 | €55 | -€2 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,550 | €19,303 | +€24,853 | |
| Income taxes | 67/77 | - | €940 | +€940 | |
| Profit (loss) for the period | 9904 | -€5,550 | €18,363 | +€23,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,550 | €18,363 | +€23,913 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.