TASAR: 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.
TASAR
Largest movements
- Tangible fixed assets -€68,136
down €68,136 (-10.2%), from €670,643 to €602,508
of which Land and buildings: -€67,684
- Receivables within one year -€25,172
down €25,172 (-67.5%), from €37,300 to €12,128
of which Other amounts receivable: -€24,025
- Cash +€21,077
up €21,077 (+105.2%), from €20,034 to €41,111
mainly Depreciation (+€73,534) and Receivables within one year (+€25,172)
- Profit (loss) carried forward -€63,804
down €63,804 (-37.0%), from -€172,553 to -€236,357
- Current portion of long-term debt -€15,125
down €15,125 (-100.0%), from €15,125 to €0
- Gross operating margin -€16,532
down €16,532 (-35.5%), from €46,626 to €30,093
- Depreciation -€3,142
down €3,142 (-4.1%), from €76,675 to €73,534
- Financial income +€2,815
up €2,815 (+1691.3%), from €166 to €2,982
- Financial charges +€1,246
up €1,246 (+8.1%), from €15,463 to €16,709
- Other operating charges -€768
down €768 (-10.4%), from €7,403 to €6,636
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 | €728,573 | €656,395 | -€72,178 | -9.9% |
| Fixed assets | 21/28 | €670,643 | €602,508 | -€68,136 | -10.2% |
| Tangible fixed assets | 22/27 | €670,643 | €602,508 | -€68,136 | -10.2% |
| Land and buildings | 22 | €668,393 | €600,710 | -€67,684 | -10.1% |
| Furniture and vehicles | 24 | €2,250 | €1,798 | -€452 | -20.1% |
| Current assets | 29/58 | €57,929 | €53,887 | -€4,042 | -7.0% |
| Amounts receivable within one year | 40/41 | €37,300 | €12,128 | -€25,172 | -67.5% |
| Trade receivables | 40 | €1,495 | €348 | -€1,147 | -76.7% |
| Other amounts receivable | 41 | €35,805 | €11,780 | -€24,025 | -67.1% |
| Cash at bank and in hand | 54/58 | €20,034 | €41,111 | +€21,077 | +105.2% |
| Deferred charges and accrued income | 490/1 | €596 | €648 | +€52 | +8.8% |
| Total equity and liabilities | 10/49 | €728,573 | €656,395 | -€72,178 | -9.9% |
| Equity | 10/15 | €464,172 | €400,368 | -€63,804 | -13.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €31,603 | €31,603 | = | 0.0% |
| Reserves | 13 | €584,662 | €584,662 | = | 0.0% |
| Distributable reserves | 133 | €584,662 | €584,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,553 | -€236,357 | -€63,804 | -37.0% |
| Amounts payable | 17/49 | €264,401 | €256,027 | -€8,374 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €251,131 | €239,639 | -€11,492 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €15,125 | €0 | -€15,125 | -100.0% |
| Trade debts | 44 | €2,077 | €2,917 | +€841 | +40.5% |
| Suppliers | 440/4 | €2,077 | €2,917 | +€841 | +40.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,431 | €3,914 | +€483 | +14.1% |
| Taxes | 450/3 | €3,431 | €3,914 | +€483 | +14.1% |
| Other amounts payable | 47/48 | €230,498 | €232,807 | +€2,309 | +1.0% |
| Accrued charges and deferred income | 492/3 | €13,270 | €16,388 | +€3,118 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,675 | €73,534 | -€3,142 | -4.1% |
| Other operating charges | 640/8 | €7,403 | €6,636 | -€768 | -10.4% |
| Gross operating margin | 9900 | €46,626 | €30,093 | -€16,532 | -35.5% |
| Operating profit (loss) | 9901 | -€37,453 | -€50,076 | -€12,623 | -33.7% |
| Financial income | 75/76B | €166 | €2,982 | +€2,815 | +1691.3% |
| Recurring financial income | 75 | €166 | €2,982 | +€2,815 | +1691.3% |
| Financial charges | 65/66B | €15,463 | €16,709 | +€1,246 | +8.1% |
| Recurring financial charges | 65 | €15,463 | €16,709 | +€1,246 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,749 | -€63,804 | -€11,054 | -21.0% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€52,752 | -€63,804 | -€11,052 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,752 | -€63,804 | -€11,052 | -21.0% |
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 5 October 2026 via checked.be.