TASFA: 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.
TASFA
Largest movements
- Receivables within one year -€75,284
down €75,284 (-30.4%), from €247,814 to €172,531
of which Other amounts receivable: -€45,302
- Stocks and contracts +€19,817
up €19,817 (+484.8%), from €4,087 to €23,904
- Cash +€6,907
up €6,907 (+39.8%), from €17,336 to €24,242
mainly Receivables within one year (+€75,284) and Net result for the year (+€29,682)
- Trade debts -€55,608
down €55,608 (-70.4%), from €79,022 to €23,414
- Profit (loss) carried forward +€29,682
up €29,682 (+24.8%), from €119,611 to €149,293
- Other debts -€23,516
down €23,516 (-98.0%), from €24,000 to €484
- Other operating charges -€14,031
down €14,031 (-73.8%), from €19,000 to €4,969
- Gross operating margin -€12,705
down €12,705 (-20.6%), from €61,699 to €48,994
- Taxes -€3,627
down €3,627 (-25.1%), from €14,432 to €10,805
- Financial charges +€2,890
up €2,890 (+547.7%), from €528 to €3,418
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 | €269,238 | €220,677 | -€48,560 | -18.0% |
| Current assets | 29/58 | €269,238 | €220,677 | -€48,560 | -18.0% |
| Stocks and contracts in progress | 3 | €4,087 | €23,904 | +€19,817 | +484.8% |
| Stocks | 30/36 | €4,087 | €23,904 | +€19,817 | +484.8% |
| Amounts receivable within one year | 40/41 | €247,814 | €172,531 | -€75,284 | -30.4% |
| Trade receivables | 40 | €111,682 | €81,700 | -€29,982 | -26.8% |
| Other amounts receivable | 41 | €136,132 | €90,831 | -€45,302 | -33.3% |
| Cash at bank and in hand | 54/58 | €17,336 | €24,242 | +€6,907 | +39.8% |
| Total equity and liabilities | 10/49 | €269,238 | €220,677 | -€48,560 | -18.0% |
| Equity | 10/15 | €138,211 | €167,893 | +€29,682 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,611 | €149,293 | +€29,682 | +24.8% |
| Amounts payable | 17/49 | €131,027 | €52,785 | -€78,242 | -59.7% |
| Amounts payable within one year | 42/48 | €131,027 | €52,785 | -€78,242 | -59.7% |
| Trade debts | 44 | €79,022 | €23,414 | -€55,608 | -70.4% |
| Suppliers | 440/4 | €79,022 | €23,414 | -€55,608 | -70.4% |
| Taxes, remuneration and social security | 45 | €28,005 | €28,887 | +€881 | +3.1% |
| Taxes | 450/3 | €24,655 | €26,241 | +€1,586 | +6.4% |
| Remuneration and social security | 454/9 | €3,350 | €2,646 | -€704 | -21.0% |
| Other amounts payable | 47/48 | €24,000 | €484 | -€23,516 | -98.0% |
| Non-recurring operating income | 76A | - | €2,506 | +€2,506 | |
| Remuneration, social security and pensions | 62 | €210 | €120 | -€89 | -42.6% |
| Other operating charges | 640/8 | €19,000 | €4,969 | -€14,031 | -73.8% |
| Gross operating margin | 9900 | €61,699 | €48,994 | -€12,705 | -20.6% |
| Operating profit (loss) | 9901 | €42,489 | €43,904 | +€1,415 | +3.3% |
| Financial charges | 65/66B | €528 | €3,418 | +€2,890 | +547.7% |
| Recurring financial charges | 65 | €528 | €3,418 | +€2,890 | +547.7% |
| Profit (loss) for the period before taxes | 9903 | €41,961 | €40,487 | -€1,475 | -3.5% |
| Income taxes | 67/77 | €14,432 | €10,805 | -€3,627 | -25.1% |
| Profit (loss) for the period | 9904 | €27,529 | €29,682 | +€2,153 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,529 | €29,682 | +€2,153 | +7.8% |
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 9 October 2026 via checked.be.