TASCO: 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.
TASCO
Largest movements
- Cash -€6.6m
down €6.6m (-81.4%), from €8.1m to €1.5m
mainly Contributions, distributions and other (-€17.6m) and Trade debts (-€590,665)
- Current investments -€1.2m
no longer reported in 2025 (was €1.2m)
- Deferred charges and accrued income -€1.1m
down €1.1m (-96.7%), from €1.2m to €37,732
- Reserves -€19.1m
down €19.1m (-38.8%), from €49.2m to €30.1m
of which Distributable reserves: -€17.8m
- Other debts +€9.8m
new in 2025: €9.8m
- Contributions +€894,250
up €894,250 (+4.4%), from €20.4m to €21.3m
- Financial income -€9.0m
down €9.0m (-90.3%), from €10.0m to €972,999
- Services and other goods +€1.4m
up €1.4m (+310.1%), from €450,282 to €1.8m
- Other operating income +€904,411
new in 2025: €904,411
- Goods and materials +€904,411
new in 2025: €904,411
- Financial charges +€291,724
up €291,724 (+826.7%), from €35,289 to €327,013
of which Non-recurring financial charges: +€324,899
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 | €70,298,037 | €61,332,679 | -€9.0m | -12.8% |
| Fixed assets | 21/28 | €59,292,583 | €59,293,510 | +€927 | 0.0% |
| Financial fixed assets | 28 | €59,292,583 | €59,293,510 | +€927 | 0.0% |
| Affiliated companies | 280/1 | €59,292,583 | €59,293,510 | +€927 | 0.0% |
| Participating interests | 280 | €59,292,583 | €59,293,510 | +€927 | 0.0% |
| Current assets | 29/58 | €11,005,455 | €2,039,170 | -€9.0m | -81.5% |
| Amounts receivable within one year | 40/41 | €479,034 | €489,335 | +€10,301 | +2.2% |
| Trade receivables | 40 | €122,648 | €4,686 | -€117,962 | -96.2% |
| Other amounts receivable | 41 | €356,386 | €484,649 | +€128,263 | +36.0% |
| Current investments | 50/53 | €1,245,600 | - | -€1.2m | |
| Own shares | 50 | €1,245,600 | - | -€1.2m | |
| Cash at bank and in hand | 54/58 | €8,120,077 | €1,512,103 | -€6.6m | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,160,744 | €37,732 | -€1.1m | -96.7% |
| Total equity and liabilities | 10/49 | €70,298,037 | €61,332,679 | -€9.0m | -12.8% |
| Equity | 10/15 | €69,631,877 | €51,433,885 | -€18.2m | -26.1% |
| Contributions | 10/11 | €20,398,400 | €21,292,650 | +€894,250 | +4.4% |
| Capital | 10 | €20,398,400 | €21,292,650 | +€894,250 | +4.4% |
| Issued capital | 100 | €20,398,400 | €21,292,650 | +€894,250 | +4.4% |
| Reserves | 13 | €49,233,477 | €30,141,235 | -€19.1m | -38.8% |
| Non-distributable reserves | 130/1 | €3,285,440 | €2,039,840 | -€1.2m | -37.9% |
| Legal reserve | 130 | €2,039,840 | €2,039,840 | = | 0.0% |
| Own shares acquired | 1312 | €1,245,600 | - | -€1.2m | |
| Distributable reserves | 133 | €45,948,037 | €28,101,395 | -€17.8m | -38.8% |
| Amounts payable | 17/49 | €666,161 | €9,898,795 | +€9.2m | +1385.9% |
| Amounts payable within one year | 42/48 | €666,117 | €9,898,795 | +€9.2m | +1386.0% |
| Trade debts | 44 | €666,117 | €75,453 | -€590,665 | -88.7% |
| Suppliers | 440/4 | €666,117 | €75,453 | -€590,665 | -88.7% |
| Other amounts payable | 47/48 | - | €9,823,342 | +€9.8m | |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Operating income | 70/76A | €457,948 | €1,547,147 | +€1.1m | +237.8% |
| Turnover | 70 | €457,948 | €642,736 | +€184,789 | +40.4% |
| Other operating income | 74 | - | €904,411 | +€904,411 | |
| Operating charges | 60/66A | €451,367 | €2,752,275 | +€2.3m | +509.8% |
| Goods for resale, raw materials and consumables | 60 | - | €904,411 | +€904,411 | |
| Purchases | 600/8 | - | €904,411 | +€904,411 | |
| Services and other goods | 61 | €450,282 | €1,846,746 | +€1.4m | +310.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €6,580 | -€1,205,128 | -€1.2m | |
| Financial income | 75/76B | €10,019,124 | €972,999 | -€9.0m | -90.3% |
| Recurring financial income | 75 | €10,019,124 | €972,999 | -€9.0m | -90.3% |
| Income from financial fixed assets | 750 | €9,989,946 | €881,995 | -€9.1m | -91.2% |
| Income from current assets | 751 | €29,178 | €75,964 | +€46,786 | +160.3% |
| Other financial income | 752/9 | - | €15,040 | +€15,040 | |
| Financial charges | 65/66B | €35,289 | €327,013 | +€291,724 | +826.7% |
| Recurring financial charges | 65 | €35,289 | €2,115 | -€33,175 | -94.0% |
| Debt charges | 650 | €33,361 | €1,105 | -€32,256 | -96.7% |
| Other financial charges | 652/9 | €1,928 | €1,009 | -€919 | -47.7% |
| Non-recurring financial charges | 66B | - | €324,899 | +€324,899 | |
| Profit (loss) for the period before taxes | 9903 | €9,990,415 | -€559,142 | -€10.5m | |
| Profit (loss) for the period | 9904 | €9,990,415 | -€559,142 | -€10.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,990,415 | -€559,142 | -€10.5m |
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 4 October 2026 via checked.be.