TAPMACON: 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.
TAPMACON
Largest movements
- Current investments +€101,157
up €101,157 (+44.0%), from €230,000 to €331,157
- Cash -€98,079
down €98,079 (-66.9%), from €146,615 to €48,536
mainly Current investments (-€101,157) and Investment in fixed assets (net) (-€48,684)
- Tangible fixed assets +€38,022
up €38,022 (+346.9%), from €10,961 to €48,983
of which Furniture and vehicles: +€35,899
- Receivables within one year +€13,545
up €13,545 (+374.5%), from €3,617 to €17,162
of which Other amounts receivable: +€6,925
- Reserves +€49,664
up €49,664 (+13.5%), from €367,144 to €416,808
- Tax, wage and social debts +€4,966
up €4,966 (+428.5%), from €1,159 to €6,126
of which Taxes: +€4,966
- Gross operating margin +€47,470
up €47,470 (+161.2%), from €29,444 to €76,915
- Taxes +€17,600
up €17,600 (+298.9%), from €5,888 to €23,488
- Financial income +€7,177
up €7,177 (+1237.8%), from €580 to €7,757
- Depreciation -€1,070
down €1,070 (-9.1%), from €11,732 to €10,662
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 | €393,363 | €448,956 | +€55,593 | +14.1% |
| Fixed assets | 21/28 | €11,031 | €49,053 | +€38,022 | +344.7% |
| Tangible fixed assets | 22/27 | €10,961 | €48,983 | +€38,022 | +346.9% |
| Plant, machinery and equipment | 23 | - | €2,123 | +€2,123 | |
| Furniture and vehicles | 24 | €10,961 | €46,861 | +€35,899 | +327.5% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €382,332 | €399,903 | +€17,571 | +4.6% |
| Amounts receivable within one year | 40/41 | €3,617 | €17,162 | +€13,545 | +374.5% |
| Trade receivables | 40 | €0 | €6,620 | +€6,620 | |
| Other amounts receivable | 41 | €3,617 | €10,542 | +€6,925 | +191.5% |
| Current investments | 50/53 | €230,000 | €331,157 | +€101,157 | +44.0% |
| Cash at bank and in hand | 54/58 | €146,615 | €48,536 | -€98,079 | -66.9% |
| Deferred charges and accrued income | 490/1 | €2,100 | €3,048 | +€948 | +45.1% |
| Total equity and liabilities | 10/49 | €393,363 | €448,956 | +€55,593 | +14.1% |
| Equity | 10/15 | €385,744 | €435,408 | +€49,664 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,144 | €416,808 | +€49,664 | +13.5% |
| Distributable reserves | 133 | €367,144 | €416,808 | +€49,664 | +13.5% |
| Amounts payable | 17/49 | €7,619 | €13,548 | +€5,929 | +77.8% |
| Amounts payable within one year | 42/48 | €7,619 | €13,548 | +€5,929 | +77.8% |
| Trade debts | 44 | €1,278 | €2,204 | +€926 | +72.4% |
| Suppliers | 440/4 | €1,278 | €2,204 | +€926 | +72.4% |
| Taxes, remuneration and social security | 45 | €1,159 | €6,126 | +€4,966 | +428.5% |
| Taxes | 450/3 | €1,159 | €6,126 | +€4,966 | +428.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,181 | €5,218 | +€37 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,732 | €10,662 | -€1,070 | -9.1% |
| Other operating charges | 640/8 | €520 | €537 | +€17 | +3.3% |
| Gross operating margin | 9900 | €29,444 | €76,915 | +€47,470 | +161.2% |
| Operating profit (loss) | 9901 | €17,192 | €65,715 | +€48,523 | +282.2% |
| Financial income | 75/76B | €580 | €7,757 | +€7,177 | +1237.8% |
| Recurring financial income | 75 | €580 | €7,757 | +€7,177 | +1237.8% |
| Financial charges | 65/66B | €293 | €320 | +€28 | +9.5% |
| Recurring financial charges | 65 | €293 | €320 | +€28 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €17,480 | €73,152 | +€55,672 | +318.5% |
| Income taxes | 67/77 | €5,888 | €23,488 | +€17,600 | +298.9% |
| Profit (loss) for the period | 9904 | €11,591 | €49,664 | +€38,072 | +328.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,591 | €49,664 | +€38,072 | +328.5% |
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 28 September 2026 via checked.be.