TAPMARK: 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.
What changed
TAPMARK
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€333,782
2024 · -€118,842+€452,625
Equity
€7.3m
2024 · €6.9m+€333,782
Cash
€68,502
2024 · €112,613-€44,111
Balance sheet total
€10.2m
2024 · €14.2m-€4.0m
Largest movements
Assets
- Receivables within one year -€3.9m
down €3.9m (-72.9%), from €5.4m to €1.5m
of which Other amounts receivable: -€3.8m
Equity and liabilities
- Other debts -€4.2m
down €4.2m (-60.0%), from €7.0m to €2.8m
- Reserves +€333,782
up €333,782 (+4.9%), from €6.9m to €7.2m
of which Distributable reserves: +€333,782
Income statement
- Financial income +€823,241
up €823,241 (+343.1%), from €239,968 to €1.1m
of which Non-recurring financial income: +€900,000
- Financial charges +€434,757
up €434,757 (+71.3%), from €610,069 to €1.0m
of which Non-recurring financial charges: +€870,000
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.
Result 2024
-€118,842
Staff costs
+€9,153
Depreciation
+€1,176
Write-downs
+€36,805
Other operating charges
-€849
Other operating items
+€17,105
Financial income
+€823,241
Financial charges
-€434,757
Taxes
+€750
Result 2025
€333,782
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.
From operations
-€361
Investment
-€43,750
Financing
€0
Cash 2024
€112,613
From operations (derived)
-€361
Net result for the year
+€333,782
Depreciation
+€44,021
Receivables within one year
+€3.9m
Deferred charges and accrued income
+€3,000
Trade debts
-€75,558
Tax, wage and social debts
-€10,627
Other debts
-€4.2m
Investment (derived)
-€43,750
Investment in fixed assets (net)
-€43,750
Cash 2025
€68,502
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,153,447 | €10,182,644 | -€4.0m | -28.1% |
| Fixed assets | 21/28 | €8,656,994 | €8,656,723 | -€270 | 0.0% |
| Intangible fixed assets | 21 | €231,046 | €230,775 | -€270 | -0.1% |
| Financial fixed assets | 28 | €8,425,948 | €8,425,948 | = | 0.0% |
| Affiliated companies | 280/1 | €8,425,948 | €8,425,948 | = | 0.0% |
| Participating interests | 280 | €8,425,948 | €8,425,948 | = | 0.0% |
| Current assets | 29/58 | €5,496,453 | €1,525,921 | -€4.0m | -72.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,380,564 | €1,457,142 | -€3.9m | -72.9% |
| Trade receivables | 40 | €149,235 | €22,375 | -€126,860 | -85.0% |
| Other amounts receivable | 41 | €5,231,329 | €1,434,767 | -€3.8m | -72.6% |
| Cash at bank and in hand | 54/58 | €112,613 | €68,502 | -€44,111 | -39.2% |
| Deferred charges and accrued income | 490/1 | €3,276 | €276 | -€3,000 | -91.6% |
| Total equity and liabilities | 10/49 | €14,153,447 | €10,182,644 | -€4.0m | -28.1% |
| Equity | 10/15 | €6,938,990 | €7,272,773 | +€333,782 | +4.8% |
| Contributions | 10/11 | €61,501 | €61,501 | = | 0.0% |
| Capital | 10 | €61,501 | €61,501 | = | 0.0% |
| Issued capital | 100 | €61,501 | €61,501 | = | 0.0% |
| Reserves | 13 | €6,877,489 | €7,211,272 | +€333,782 | +4.9% |
| Non-distributable reserves | 130/1 | €23,973 | €23,973 | = | 0.0% |
| Legal reserve | 130 | €23,973 | €23,973 | = | 0.0% |
| Distributable reserves | 133 | €6,853,516 | €7,187,299 | +€333,782 | +4.9% |
| Amounts payable | 17/49 | €7,214,457 | €2,909,871 | -€4.3m | -59.7% |
| Amounts payable within one year | 42/48 | €7,214,457 | €2,909,871 | -€4.3m | -59.7% |
| Trade debts | 44 | €150,032 | €74,474 | -€75,558 | -50.4% |
| Suppliers | 440/4 | €150,032 | €74,474 | -€75,558 | -50.4% |
| Taxes, remuneration and social security | 45 | €35,883 | €25,256 | -€10,627 | -29.6% |
| Taxes | 450/3 | €35,883 | €25,256 | -€10,627 | -29.6% |
| Other amounts payable | 47/48 | €7,028,542 | €2,810,142 | -€4.2m | -60.0% |
| Operating income | 70/76A | €811,127 | €877,891 | +€66,764 | +8.2% |
| Other operating income | 74 | €811,127 | €874,998 | +€63,871 | +7.9% |
| Non-recurring operating income | 76A | €0 | €2,893 | +€2,893 | |
| Operating charges | 60/66A | €559,868 | €563,242 | +€3,373 | +0.6% |
| Services and other goods | 61 | €503,758 | €516,468 | +€12,709 | +2.5% |
| Remuneration, social security and pensions | 62 | €9,153 | €0 | -€9,153 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,197 | €44,021 | -€1,176 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€36,805 | -€36,805 | |
| Other operating charges | 640/8 | €36 | €885 | +€849 | +2371.3% |
| Non-recurring operating charges | 66A | €1,725 | €38,674 | +€36,950 | +2142.3% |
| Operating profit (loss) | 9901 | €251,259 | €314,649 | +€63,391 | +25.2% |
| Financial income | 75/76B | €239,968 | €1,063,209 | +€823,241 | +343.1% |
| Recurring financial income | 75 | €239,968 | €163,209 | -€76,759 | -32.0% |
| Income from current assets | 751 | €239,585 | €163,011 | -€76,574 | -32.0% |
| Other financial income | 752/9 | €383 | €197 | -€185 | -48.4% |
| Non-recurring financial income | 76B | - | €900,000 | +€900,000 | |
| Financial charges | 65/66B | €610,069 | €1,044,825 | +€434,757 | +71.3% |
| Recurring financial charges | 65 | €580,069 | €144,825 | -€435,243 | -75.0% |
| Debt charges | 650 | €239,871 | €162,363 | -€77,508 | -32.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €336,945 | -€19,202 | -€356,147 | |
| Other financial charges | 652/9 | €3,253 | €1,665 | -€1,588 | -48.8% |
| Non-recurring financial charges | 66B | €30,000 | €900,000 | +€870,000 | +2900.0% |
| Profit (loss) for the period before taxes | 9903 | -€118,842 | €333,032 | +€451,875 | |
| Income taxes | 67/77 | €0 | -€750 | -€750 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | - | €750 | +€750 | |
| Profit (loss) for the period | 9904 | -€118,842 | €333,782 | +€452,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,842 | €333,782 | +€452,625 |
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 29 September 2026 via checked.be.