TAPIJTEN VANRAES: 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.
TAPIJTEN VANRAES
Largest movements
- Tangible fixed assets -€19,817
down €19,817 (-19.9%), from €99,357 to €79,541
of which Land and buildings: -€11,886
- Receivables within one year -€1,791
down €1,791 (-70.8%), from €2,528 to €738
of which Trade receivables: -€2,528
- Profit (loss) carried forward -€41,270
down €41,270 (-26.3%), from -€156,979 to -€198,248
- Other debts +€20,162
up €20,162 (+56.0%), from €36,014 to €56,176
- Revaluation surpluses -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Reserves +€10,000
up €10,000 (+7.0%), from €141,860 to €151,860
- Trade debts +€1,732
up €1,732 (+279%), from €621 to €2,353
- Gross operating margin -€20,349
down €20,349, from €1,470 to -€18,879
- Depreciation -€1,246
down €1,246 (-5.9%), from €21,063 to €19,817
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 | €103,090 | €81,350 | -€21,740 | -21.1% |
| Fixed assets | 21/28 | €99,357 | €79,541 | -€19,817 | -19.9% |
| Tangible fixed assets | 22/27 | €99,357 | €79,541 | -€19,817 | -19.9% |
| Land and buildings | 22 | €88,226 | €76,340 | -€11,886 | -13.5% |
| Furniture and vehicles | 24 | €11,132 | €3,201 | -€7,931 | -71.2% |
| Current assets | 29/58 | €3,732 | €1,809 | -€1,923 | -51.5% |
| Amounts receivable within one year | 40/41 | €2,528 | €738 | -€1,791 | -70.8% |
| Trade receivables | 40 | €2,528 | - | -€2,528 | |
| Other amounts receivable | 41 | - | €738 | +€738 | |
| Cash at bank and in hand | 54/58 | €1,204 | €1,071 | -€132 | -11.0% |
| Total equity and liabilities | 10/49 | €103,090 | €81,350 | -€21,740 | -21.1% |
| Equity | 10/15 | €63,473 | €22,204 | -€41,270 | -65.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Reserves | 13 | €141,860 | €151,860 | +€10,000 | +7.0% |
| Distributable reserves | 133 | €141,860 | €151,860 | +€10,000 | +7.0% |
| Profit (loss) carried forward | 14 | -€156,979 | -€198,248 | -€41,270 | -26.3% |
| Amounts payable | 17/49 | €39,616 | €59,146 | +€19,530 | +49.3% |
| Amounts payable within one year | 42/48 | €39,616 | €59,146 | +€19,530 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €1,100 | - | -€1,100 | |
| Trade debts | 44 | €621 | €2,353 | +€1,732 | +279% |
| Suppliers | 440/4 | €621 | €2,353 | +€1,732 | +279% |
| Taxes, remuneration and social security | 45 | €1,882 | €617 | -€1,265 | -67.2% |
| Taxes | 450/3 | €1,882 | €617 | -€1,265 | -67.2% |
| Other amounts payable | 47/48 | €36,014 | €56,176 | +€20,162 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,063 | €19,817 | -€1,246 | -5.9% |
| Other operating charges | 640/8 | €1,879 | €1,948 | +€69 | +3.7% |
| Gross operating margin | 9900 | €1,470 | -€18,879 | -€20,349 | |
| Operating profit (loss) | 9901 | -€21,472 | -€40,644 | -€19,172 | -89.3% |
| Financial income | 75/76B | €16 | €7 | -€9 | -56.0% |
| Recurring financial income | 75 | €16 | €7 | -€9 | -56.0% |
| Financial charges | 65/66B | €147 | €303 | +€157 | +107% |
| Recurring financial charges | 65 | €147 | €303 | +€157 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€21,602 | -€40,940 | -€19,338 | -89.5% |
| Income taxes | 67/77 | €287 | €330 | +€42 | +14.7% |
| Profit (loss) for the period | 9904 | -€21,889 | -€41,270 | -€19,381 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,889 | -€41,270 | -€19,381 | -88.5% |
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 18 October 2026 via checked.be.