TAPISHOP: 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.
TAPISHOP
Largest movements
- Receivables within one year -€33,236
down €33,236 (-32.0%), from €103,776 to €70,540
of which Trade receivables: -€24,464
- Tangible fixed assets -€21,023
down €21,023 (-29.3%), from €71,662 to €50,639
of which Furniture and vehicles: -€18,226
- Cash +€18,906
up €18,906 (+4.6%), from €414,826 to €433,732
mainly Receivables within one year (+€33,236) and Depreciation (+€21,023)
- Profit (loss) carried forward -€40,385
down €40,385 (-9.5%), from €423,239 to €382,853
- Tax, wage and social debts +€14,482
up €14,482 (+32.2%), from €44,999 to €59,481
of which Taxes: +€10,512
- Trade debts +€10,401
up €10,401 (+48.3%), from €21,517 to €31,918
- Gross operating margin -€56,033
down €56,033 (-29.6%), from €189,255 to €133,222
- Staff costs -€17,814
down €17,814 (-11.4%), from €156,715 to €138,901
- Financial income -€8,236
down €8,236 (-47.4%), from €17,377 to €9,141
of which Financial income: -€7,345
- Financial charges -€3,447
down €3,447 (-14.9%), from €23,076 to €19,629
of which Financial charges: -€3,515
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 | €1,015,388 | €990,365 | -€25,023 | -2.5% |
| Fixed assets | 21/28 | €72,662 | €51,639 | -€21,023 | -28.9% |
| Tangible fixed assets | 22/27 | €71,662 | €50,639 | -€21,023 | -29.3% |
| Plant, machinery and equipment | 23 | €20,676 | €17,879 | -€2,798 | -13.5% |
| Furniture and vehicles | 24 | €50,986 | €32,760 | -€18,226 | -35.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €942,726 | €938,726 | -€4,000 | -0.4% |
| Stocks and contracts in progress | 3 | €216,401 | €225,510 | +€9,109 | +4.2% |
| Stocks | 30/36 | €216,401 | €225,510 | +€9,109 | +4.2% |
| Amounts receivable within one year | 40/41 | €103,776 | €70,540 | -€33,236 | -32.0% |
| Trade receivables | 40 | €72,206 | €47,742 | -€24,464 | -33.9% |
| Other amounts receivable | 41 | €31,570 | €22,798 | -€8,772 | -27.8% |
| Current investments | 50/53 | €201,524 | €202,602 | +€1,078 | +0.5% |
| Cash at bank and in hand | 54/58 | €414,826 | €433,732 | +€18,906 | +4.6% |
| Deferred charges and accrued income | 490/1 | €6,199 | €6,342 | +€143 | +2.3% |
| Total equity and liabilities | 10/49 | €1,015,388 | €990,365 | -€25,023 | -2.5% |
| Equity | 10/15 | €544,322 | €503,937 | -€40,385 | -7.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €21,926 | €21,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,140 | €9,140 | = | 0.0% |
| Distributable reserves | 133 | €2,870 | €2,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,239 | €382,853 | -€40,385 | -9.5% |
| Amounts payable | 17/49 | €471,066 | €486,428 | +€15,362 | +3.3% |
| Amounts payable within one year | 42/48 | €471,066 | €486,428 | +€15,362 | +3.3% |
| Trade debts | 44 | €21,517 | €31,918 | +€10,401 | +48.3% |
| Suppliers | 440/4 | €21,517 | €31,918 | +€10,401 | +48.3% |
| Advances received on contracts in progress | 46 | €1,300 | - | -€1,300 | |
| Taxes, remuneration and social security | 45 | €44,999 | €59,481 | +€14,482 | +32.2% |
| Taxes | 450/3 | €12,601 | €23,113 | +€10,512 | +83.4% |
| Remuneration and social security | 454/9 | €32,398 | €36,368 | +€3,970 | +12.3% |
| Other amounts payable | 47/48 | €403,251 | €395,029 | -€8,222 | -2.0% |
| Remuneration, social security and pensions | 62 | €156,715 | €138,901 | -€17,814 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,081 | €21,023 | -€58 | -0.3% |
| Other operating charges | 640/8 | €2,702 | €2,990 | +€289 | +10.7% |
| Gross operating margin | 9900 | €189,255 | €133,222 | -€56,033 | -29.6% |
| Operating profit (loss) | 9901 | €8,757 | -€29,693 | -€38,450 | |
| Financial income | 75/76B | €17,377 | €9,141 | -€8,236 | -47.4% |
| Recurring financial income | 75 | €16,487 | €9,141 | -€7,345 | -44.6% |
| Non-recurring financial income | 76B | €890 | - | -€890 | |
| Financial charges | 65/66B | €23,076 | €19,629 | -€3,447 | -14.9% |
| Recurring financial charges | 65 | €23,076 | €19,561 | -€3,515 | -15.2% |
| Non-recurring financial charges | 66B | - | €68 | +€68 | |
| Profit (loss) for the period before taxes | 9903 | €3,058 | -€40,180 | -€43,239 | |
| Income taxes | 67/77 | €193 | €205 | +€12 | +6.3% |
| Profit (loss) for the period | 9904 | €2,866 | -€40,385 | -€43,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,866 | -€40,385 | -€43,251 |
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 8 October 2026 via checked.be.