TAQUET: 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.
TAQUET
Largest movements
- Receivables within one year -€199,897
down €199,897 (-64.6%), from €309,377 to €109,480
of which Trade receivables: -€198,084
- Cash +€60,942
up €60,942 (+189%), from €32,226 to €93,168
mainly Receivables within one year (+€199,897) and Deferred charges and accrued income (+€12,783)
- Deferred charges and accrued income -€12,783
down €12,783 (-98.9%), from €12,920 to €137
- Tangible fixed assets -€9,683
down €9,683 (-43.7%), from €22,149 to €12,466
of which Furniture and vehicles: -€8,634
- Trade debts -€95,231
down €95,231 (-60.7%), from €156,945 to €61,714
- Short-term financial debts -€30,000
no longer reported in 2025 (was €30,000)
- Accrued charges and deferred income -€26,257
no longer reported in 2025 (was €26,257)
- Tax, wage and social debts -€10,742
no longer reported in 2025 (was €10,742)
of which Remuneration and social security: -€5,992
- Staff costs -€17,184
down €17,184 (-29.1%), from €59,096 to €41,912
- Other operating charges -€12,907
down €12,907 (-82.2%), from €15,698 to €2,791
- Gross operating margin +€10,991
up €10,991 (+21.5%), from €51,174 to €62,164
- Write-downs +€5,679
new in 2025: €5,679
- Financial charges -€1,650
down €1,650 (-39.7%), from €4,152 to €2,502
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 | €377,290 | €215,251 | -€162,039 | -42.9% |
| Fixed assets | 21/28 | €22,767 | €12,466 | -€10,301 | -45.2% |
| Tangible fixed assets | 22/27 | €22,149 | €12,466 | -€9,683 | -43.7% |
| Furniture and vehicles | 24 | €16,085 | €7,451 | -€8,634 | -53.7% |
| Other tangible fixed assets | 26 | €6,064 | €5,016 | -€1,049 | -17.3% |
| Financial fixed assets | 28 | €618 | - | -€618 | |
| Current assets | 29/58 | €354,523 | €202,785 | -€151,738 | -42.8% |
| Amounts receivable within one year | 40/41 | €309,377 | €109,480 | -€199,897 | -64.6% |
| Trade receivables | 40 | €300,129 | €102,045 | -€198,084 | -66.0% |
| Other amounts receivable | 41 | €9,248 | €7,435 | -€1,814 | -19.6% |
| Cash at bank and in hand | 54/58 | €32,226 | €93,168 | +€60,942 | +189% |
| Deferred charges and accrued income | 490/1 | €12,920 | €137 | -€12,783 | -98.9% |
| Total equity and liabilities | 10/49 | €377,290 | €215,251 | -€162,039 | -42.9% |
| Equity | 10/15 | €153,346 | €153,537 | +€191 | +0.1% |
| Contributions | 10/11 | €19,336 | €19,336 | = | 0.0% |
| Reserves | 13 | €58,166 | €58,166 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,934 | €1,934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,934 | €1,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,550 | €33,550 | = | 0.0% |
| Distributable reserves | 133 | €22,682 | €22,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,845 | €76,036 | +€191 | +0.3% |
| Amounts payable | 17/49 | €223,944 | €61,714 | -€162,230 | -72.4% |
| Amounts payable within one year | 42/48 | €197,686 | €61,714 | -€135,973 | -68.8% |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €156,945 | €61,714 | -€95,231 | -60.7% |
| Suppliers | 440/4 | €156,945 | €61,714 | -€95,231 | -60.7% |
| Taxes, remuneration and social security | 45 | €10,742 | - | -€10,742 | |
| Taxes | 450/3 | €4,750 | - | -€4,750 | |
| Remuneration and social security | 454/9 | €5,992 | - | -€5,992 | |
| Accrued charges and deferred income | 492/3 | €26,257 | - | -€26,257 | |
| Remuneration, social security and pensions | 62 | €59,096 | €41,912 | -€17,184 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,652 | €9,151 | -€501 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,679 | +€5,679 | |
| Other operating charges | 640/8 | €15,698 | €2,791 | -€12,907 | -82.2% |
| Gross operating margin | 9900 | €51,174 | €62,164 | +€10,991 | +21.5% |
| Operating profit (loss) | 9901 | -€33,272 | €2,631 | +€35,904 | |
| Financial income | 75/76B | €2 | €62 | +€60 | +3,199% |
| Recurring financial income | 75 | €2 | €62 | +€60 | +3,199% |
| Financial charges | 65/66B | €4,152 | €2,502 | -€1,650 | -39.7% |
| Recurring financial charges | 65 | €4,152 | €2,502 | -€1,650 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,422 | €192 | +€37,614 | |
| Income taxes | 67/77 | €2 | €1 | -€1 | -50.8% |
| Profit (loss) for the period | 9904 | -€37,424 | €191 | +€37,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,424 | €191 | +€37,615 |
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 25 October 2026 via checked.be.