TARDIGRADE: 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.
TARDIGRADE
Largest movements
- Cash +€189,262
up €189,262 (+39.9%), from €474,571 to €663,832
mainly Net result for the year (+€265,125) and Depreciation (+€71,995)
- Receivables within one year +€75,161
up €75,161 (+52.5%), from €143,034 to €218,195
of which Trade receivables: +€113,161
- Tangible fixed assets -€19,204
down €19,204 (-2.3%), from €853,049 to €833,844
of which Land and buildings: -€28,287
- Reserves +€265,125
up €265,125 (+42.6%), from €622,114 to €887,239
of which Distributable reserves: +€265,125
- Debts after one year -€47,909
down €47,909 (-8.6%), from €554,110 to €506,201
- Tax, wage and social debts +€41,989
up €41,989 (+36.4%), from €115,377 to €157,367
of which Remuneration and social security: +€22,027
- Trade debts +€38,332
up €38,332 (+170.7%), from €22,454 to €60,786
- Accrued charges and deferred income -€25,266
down €25,266 (-38.0%), from €66,555 to €41,289
- Gross operating margin +€200,679
up €200,679 (+24.5%), from €819,144 to €1.0m
- Taxes +€56,063
up €56,063 (+80.3%), from €69,807 to €125,870
- Staff costs +€31,128
up €31,128 (+6.3%), from €494,167 to €525,295
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 | €1,488,263 | €1,758,160 | +€269,897 | +18.1% |
| Fixed assets | 21/28 | €853,049 | €833,844 | -€19,204 | -2.3% |
| Tangible fixed assets | 22/27 | €853,049 | €833,844 | -€19,204 | -2.3% |
| Land and buildings | 22 | €771,363 | €743,076 | -€28,287 | -3.7% |
| Plant, machinery and equipment | 23 | €10,231 | €9,837 | -€394 | -3.9% |
| Furniture and vehicles | 24 | €63,321 | €79,462 | +€16,141 | +25.5% |
| Other tangible fixed assets | 26 | €8,134 | €1,469 | -€6,664 | -81.9% |
| Current assets | 29/58 | €635,214 | €924,315 | +€289,102 | +45.5% |
| Amounts receivable within one year | 40/41 | €143,034 | €218,195 | +€75,161 | +52.5% |
| Trade receivables | 40 | €105,034 | €218,195 | +€113,161 | +107.7% |
| Other amounts receivable | 41 | €38,000 | €0 | -€38,000 | -100.0% |
| Current investments | 50/53 | - | €7,882 | +€7,882 | |
| Cash at bank and in hand | 54/58 | €474,571 | €663,832 | +€189,262 | +39.9% |
| Deferred charges and accrued income | 490/1 | €17,609 | €34,407 | +€16,798 | +95.4% |
| Total equity and liabilities | 10/49 | €1,488,263 | €1,758,160 | +€269,897 | +18.1% |
| Equity | 10/15 | €640,714 | €905,839 | +€265,125 | +41.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €622,114 | €887,239 | +€265,125 | +42.6% |
| Tax-exempt reserves | 132 | €429 | €429 | = | 0.0% |
| Distributable reserves | 133 | €621,685 | €886,810 | +€265,125 | +42.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €847,549 | €852,321 | +€4,772 | +0.6% |
| Amounts payable after more than one year | 17 | €554,110 | €506,201 | -€47,909 | -8.6% |
| Financial debts | 170/4 | €554,110 | €506,201 | -€47,909 | -8.6% |
| Amounts payable within one year | 42/48 | €226,884 | €304,831 | +€77,947 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €47,206 | €47,909 | +€703 | +1.5% |
| Trade debts | 44 | €22,454 | €60,786 | +€38,332 | +170.7% |
| Suppliers | 440/4 | €22,454 | €60,786 | +€38,332 | +170.7% |
| Taxes, remuneration and social security | 45 | €115,377 | €157,367 | +€41,989 | +36.4% |
| Taxes | 450/3 | €62,706 | €82,669 | +€19,963 | +31.8% |
| Remuneration and social security | 454/9 | €52,671 | €74,698 | +€22,027 | +41.8% |
| Other amounts payable | 47/48 | €41,847 | €38,770 | -€3,077 | -7.4% |
| Accrued charges and deferred income | 492/3 | €66,555 | €41,289 | -€25,266 | -38.0% |
| Remuneration, social security and pensions | 62 | €494,167 | €525,295 | +€31,128 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,925 | €71,995 | +€10,070 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,450 | €0 | -€2,450 | -100.0% |
| Other operating charges | 640/8 | €16,037 | €15,142 | -€895 | -5.6% |
| Gross operating margin | 9900 | €819,144 | €1,019,823 | +€200,679 | +24.5% |
| Operating profit (loss) | 9901 | €244,565 | €407,392 | +€162,826 | +66.6% |
| Financial income | 75/76B | €883 | €1,956 | +€1,072 | +121.4% |
| Recurring financial income | 75 | €883 | €1,956 | +€1,072 | +121.4% |
| Financial charges | 65/66B | €20,455 | €18,353 | -€2,103 | -10.3% |
| Recurring financial charges | 65 | €20,455 | €18,353 | -€2,103 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €224,993 | €390,995 | +€166,001 | +73.8% |
| Income taxes | 67/77 | €69,807 | €125,870 | +€56,063 | +80.3% |
| Profit (loss) for the period | 9904 | €155,187 | €265,125 | +€109,938 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,187 | €265,125 | +€109,938 | +70.8% |
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 1 October 2026 via checked.be.