TASCO: 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.
TASCO
Largest movements
- Receivables within one year -€229,839
down €229,839 (-54.8%), from €419,268 to €189,429
of which Trade receivables: -€223,834
- Cash +€55,062
up €55,062 (+27.4%), from €200,619 to €255,681
mainly Receivables within one year (+€229,839) and Depreciation (+€70,974)
- Tangible fixed assets -€37,440
down €37,440 (-12.3%), from €304,067 to €266,626
of which Other tangible fixed assets: -€28,216
- Accrued charges and deferred income -€121,777
down €121,777 (-35.0%), from €347,503 to €225,727
- Contributions -€45,420
down €45,420 (-69.4%), from €65,420 to €20,000
- Trade debts -€35,490
down €35,490 (-41.0%), from €86,657 to €51,167
- Debts after one year -€22,883
down €22,883 (-20.7%), from €110,491 to €87,608
- Reserves +€21,461
up €21,461 (+13.2%), from €162,593 to €184,055
- Gross operating margin -€79,457
down €79,457 (-11.0%), from €723,487 to €644,030
- Staff costs +€76,345
up €76,345 (+17.0%), from €448,753 to €525,099
- Other operating charges +€17,705
up €17,705 (+432.3%), from €4,096 to €21,801
- Write-downs -€14,385
down €14,385, from €0 to -€14,385
- Taxes -€13,194
down €13,194 (-54.1%), from €24,400 to €11,206
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 | €933,222 | €731,443 | -€201,779 | -21.6% |
| Fixed assets | 21/28 | €304,317 | €272,002 | -€32,314 | -10.6% |
| Intangible fixed assets | 21 | - | €5,126 | +€5,126 | |
| Tangible fixed assets | 22/27 | €304,067 | €266,626 | -€37,440 | -12.3% |
| Land and buildings | 22 | €6,593 | €4,264 | -€2,329 | -35.3% |
| Plant, machinery and equipment | 23 | €41,796 | €48,134 | +€6,338 | +15.2% |
| Furniture and vehicles | 24 | €32,512 | €19,279 | -€13,233 | -40.7% |
| Other tangible fixed assets | 26 | €223,166 | €194,950 | -€28,216 | -12.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €628,905 | €459,441 | -€169,465 | -26.9% |
| Stocks and contracts in progress | 3 | €4,629 | €3,582 | -€1,047 | -22.6% |
| Stocks | 30/36 | €4,629 | €3,582 | -€1,047 | -22.6% |
| Amounts receivable within one year | 40/41 | €419,268 | €189,429 | -€229,839 | -54.8% |
| Trade receivables | 40 | €395,237 | €171,403 | -€223,834 | -56.6% |
| Other amounts receivable | 41 | €24,031 | €18,026 | -€6,005 | -25.0% |
| Cash at bank and in hand | 54/58 | €200,619 | €255,681 | +€55,062 | +27.4% |
| Deferred charges and accrued income | 490/1 | €4,389 | €10,749 | +€6,360 | +144.9% |
| Total equity and liabilities | 10/49 | €933,222 | €731,443 | -€201,779 | -21.6% |
| Equity | 10/15 | €228,013 | €204,055 | -€23,959 | -10.5% |
| Contributions | 10/11 | €65,420 | €20,000 | -€45,420 | -69.4% |
| Reserves | 13 | €162,593 | €184,055 | +€21,461 | +13.2% |
| Distributable reserves | 133 | €162,593 | €184,055 | +€21,461 | +13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €705,208 | €527,388 | -€177,820 | -25.2% |
| Amounts payable after more than one year | 17 | €110,491 | €87,608 | -€22,883 | -20.7% |
| Financial debts | 170/4 | €110,491 | €87,608 | -€22,883 | -20.7% |
| Amounts payable within one year | 42/48 | €247,214 | €214,054 | -€33,160 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €30,233 | €22,883 | -€7,350 | -24.3% |
| Financial debts | 43 | €2,924 | €4,218 | +€1,294 | +44.2% |
| Credit institutions | 430/8 | €0 | €4,218 | +€4,218 | |
| Other loans | 439 | €2,924 | €0 | -€2,924 | -100.0% |
| Trade debts | 44 | €86,657 | €51,167 | -€35,490 | -41.0% |
| Suppliers | 440/4 | €86,657 | €51,167 | -€35,490 | -41.0% |
| Advances received on contracts in progress | 46 | €15,472 | €0 | -€15,472 | -100.0% |
| Taxes, remuneration and social security | 45 | €78,972 | €86,132 | +€7,160 | +9.1% |
| Taxes | 450/3 | €37,886 | €23,990 | -€13,896 | -36.7% |
| Remuneration and social security | 454/9 | €41,086 | €62,142 | +€21,056 | +51.2% |
| Other amounts payable | 47/48 | €32,956 | €49,653 | +€16,697 | +50.7% |
| Accrued charges and deferred income | 492/3 | €347,503 | €225,727 | -€121,777 | -35.0% |
| Non-recurring operating income | 76A | €7,593 | €13,810 | +€6,217 | +81.9% |
| Remuneration, social security and pensions | 62 | €448,753 | €525,099 | +€76,345 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,526 | €70,974 | -€6,552 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€14,385 | -€14,385 | |
| Other operating charges | 640/8 | €4,096 | €21,801 | +€17,705 | +432.3% |
| Non-recurring operating charges | 66A | €202 | €0 | -€202 | -100.0% |
| Gross operating margin | 9900 | €723,487 | €644,030 | -€79,457 | -11.0% |
| Operating profit (loss) | 9901 | €192,910 | €40,541 | -€152,369 | -79.0% |
| Financial income | 75/76B | €81 | €58 | -€23 | -28.6% |
| Recurring financial income | 75 | €81 | €58 | -€23 | -28.6% |
| Financial charges | 65/66B | €9,279 | €7,431 | -€1,847 | -19.9% |
| Recurring financial charges | 65 | €9,279 | €7,431 | -€1,847 | -19.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €183,713 | €33,168 | -€150,545 | -81.9% |
| Income taxes | 67/77 | €24,400 | €11,206 | -€13,194 | -54.1% |
| Profit (loss) for the period | 9904 | €159,312 | €21,961 | -€137,351 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,312 | €21,961 | -€137,351 | -86.2% |
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 11 October 2026 via checked.be.