TAPOLINO: 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.
TAPOLINO
Largest movements
- Cash +€21,349
up €21,349 (+34.4%), from €62,024 to €83,374
mainly Net result for the year (+€19,702) and Depreciation (+€14,614)
- Receivables within one year -€12,792
down €12,792 (-84.6%), from €15,119 to €2,327
- Tangible fixed assets -€2,147
down €2,147 (-7.0%), from €30,612 to €28,465
of which Other tangible fixed assets: -€2,426
- Deferred charges and accrued income +€1,830
up €1,830 (+433%), from €423 to €2,253
- Reserves +€19,702
up €19,702 (+27.3%), from €72,141 to €91,844
- Current portion of long-term debt -€6,370
down €6,370 (-83.1%), from €7,666 to €1,296
- Tax, wage and social debts -€1,772
down €1,772 (-47.5%), from €3,727 to €1,955
- Debts after one year -€1,296
no longer reported in 2025 (was €1,296)
- Gross operating margin -€1,250
down €1,250 (-2.4%), from €53,061 to €51,810
- Depreciation +€1,205
up €1,205 (+9.0%), from €13,409 to €14,614
- Financial charges -€883
down €883 (-17.3%), from €5,099 to €4,215
- Taxes -€615
down €615 (-6.0%), from €10,288 to €9,673
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 | €110,066 | €119,157 | +€9,090 | +8.3% |
| Fixed assets | 21/28 | €30,612 | €28,465 | -€2,147 | -7.0% |
| Tangible fixed assets | 22/27 | €30,612 | €28,465 | -€2,147 | -7.0% |
| Plant, machinery and equipment | 23 | €15,877 | €16,798 | +€921 | +5.8% |
| Furniture and vehicles | 24 | €2,823 | €2,180 | -€643 | -22.8% |
| Other tangible fixed assets | 26 | €11,912 | €9,486 | -€2,426 | -20.4% |
| Current assets | 29/58 | €79,455 | €90,692 | +€11,237 | +14.1% |
| Stocks and contracts in progress | 3 | €1,889 | €2,738 | +€850 | +45.0% |
| Stocks | 30/36 | €1,889 | €2,738 | +€850 | +45.0% |
| Amounts receivable within one year | 40/41 | €15,119 | €2,327 | -€12,792 | -84.6% |
| Other amounts receivable | 41 | €15,119 | €2,327 | -€12,792 | -84.6% |
| Cash at bank and in hand | 54/58 | €62,024 | €83,374 | +€21,349 | +34.4% |
| Deferred charges and accrued income | 490/1 | €423 | €2,253 | +€1,830 | +433% |
| Total equity and liabilities | 10/49 | €110,066 | €119,157 | +€9,090 | +8.3% |
| Equity | 10/15 | €88,341 | €108,044 | +€19,702 | +22.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €72,141 | €91,844 | +€19,702 | +27.3% |
| Distributable reserves | 133 | €72,141 | €91,844 | +€19,702 | +27.3% |
| Amounts payable | 17/49 | €21,725 | €11,113 | -€10,612 | -48.8% |
| Amounts payable after more than one year | 17 | €1,296 | - | -€1,296 | |
| Financial debts | 170/4 | €1,296 | - | -€1,296 | |
| Amounts payable within one year | 42/48 | €20,429 | €11,113 | -€9,316 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €7,666 | €1,296 | -€6,370 | -83.1% |
| Trade debts | 44 | €1,546 | €810 | -€736 | -47.6% |
| Suppliers | 440/4 | €1,546 | €810 | -€736 | -47.6% |
| Taxes, remuneration and social security | 45 | €3,727 | €1,955 | -€1,772 | -47.5% |
| Taxes | 450/3 | €3,727 | €1,955 | -€1,772 | -47.5% |
| Other amounts payable | 47/48 | €7,489 | €7,051 | -€438 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,409 | €14,614 | +€1,205 | +9.0% |
| Other operating charges | 640/8 | €3,567 | €3,605 | +€38 | +1.1% |
| Gross operating margin | 9900 | €53,061 | €51,810 | -€1,250 | -2.4% |
| Operating profit (loss) | 9901 | €36,085 | €33,591 | -€2,494 | -6.9% |
| Financial charges | 65/66B | €5,099 | €4,215 | -€883 | -17.3% |
| Recurring financial charges | 65 | €5,099 | €4,215 | -€883 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €30,986 | €29,376 | -€1,611 | -5.2% |
| Income taxes | 67/77 | €10,288 | €9,673 | -€615 | -6.0% |
| Profit (loss) for the period | 9904 | €20,698 | €19,702 | -€996 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,698 | €19,702 | -€996 | -4.8% |
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 28 October 2026 via checked.be.