TASPI: what changed
What changed
TASPI
NACE 43.110, Demolition
filed annual accounts (NBB)
Net result for the year
€4,755
2024 · €114,031-€109,276
Equity
€979,953
2024 · €975,198+€4,755
Cash
€365,391
2024 · €199,799+€165,592
Balance sheet total
€1.7m
2024 · €1.9m-€124,832
Largest movements
Assets
- Receivables within one year -€555,845
down €555,845 (-42.4%), from €1.3m to €754,017
of which Trade receivables: -€595,457
- Tangible fixed assets +€259,682
up €259,682 (+240%), from €108,197 to €367,879
of which Land and buildings: +€222,455
- Cash +€165,592
up €165,592 (+82.9%), from €199,799 to €365,391
mainly Receivables within one year (+€555,845) and Debts after one year (+€187,876)
Equity and liabilities
- Trade debts -€304,729
down €304,729 (-39.3%), from €775,754 to €471,025
- Debts after one year +€187,876
new in 2025: €187,876
- Other debts -€22,990
down €22,990 (-32.8%), from €70,110 to €47,120
- Current portion of long-term debt +€20,149
up €20,149 (+148%), from €13,580 to €33,729
Income statement
- Gross operating margin -€63,851
down €63,851 (-7.9%), from €809,145 to €745,294
- Staff costs +€49,452
up €49,452 (+8.4%), from €590,553 to €640,005
- Taxes -€25,003
down €25,003 (-59.3%), from €42,140 to €17,137
- Depreciation +€17,281
up €17,281 (+38.7%), from €44,598 to €61,879
- Other operating charges +€10,887
up €10,887 (+122%), from €8,936 to €19,823
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€114,031
Gross operating margin
-€63,851
Staff costs
-€49,452
Depreciation
-€17,281
Other operating charges
-€10,887
Financial income
+€66
Financial charges
+€7,126
Taxes
+€25,003
Result 2025
€4,755
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€281,480
Investment
-€323,697
Financing
+€207,809
Cash 2024
€199,799
From operations (derived)
+€281,480
Net result for the year
+€4,755
Depreciation
+€61,879
Receivables after one year
-€15,746
Receivables within one year
+€555,845
Deferred charges and accrued income
+€12,143
Trade debts
-€304,729
Tax, wage and social debts
-€9,677
Other debts
-€22,990
Investment (derived)
-€323,697
Investment in fixed assets (net)
-€321,561
Current investments
-€2,136
Financing
+€207,809
Debts after one year
+€187,876
Current portion of long-term debt
+€20,149
Short-term financial debts
-€216
Cash 2025
€365,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,854,068 | €1,729,236 | -€124,832 | -6.7% |
| Fixed assets | 21/28 | €108,197 | €367,879 | +€259,682 | +240% |
| Tangible fixed assets | 22/27 | €108,197 | €367,879 | +€259,682 | +240% |
| Land and buildings | 22 | €44,878 | €267,333 | +€222,455 | +496% |
| Plant, machinery and equipment | 23 | €7,969 | €7,306 | -€663 | -8.3% |
| Furniture and vehicles | 24 | €55,350 | €93,240 | +€37,890 | +68.5% |
| Current assets | 29/58 | €1,745,871 | €1,361,357 | -€384,514 | -22.0% |
| Amounts receivable after more than one year | 29 | €142,329 | €158,075 | +€15,746 | +11.1% |
| Other amounts receivable | 291 | €142,329 | €158,075 | +€15,746 | +11.1% |
| Amounts receivable within one year | 40/41 | €1,309,862 | €754,017 | -€555,845 | -42.4% |
| Trade receivables | 40 | €1,009,238 | €413,781 | -€595,457 | -59.0% |
| Other amounts receivable | 41 | €300,624 | €340,236 | +€39,612 | +13.2% |
| Current investments | 50/53 | €47,449 | €49,585 | +€2,136 | +4.5% |
| Cash at bank and in hand | 54/58 | €199,799 | €365,391 | +€165,592 | +82.9% |
| Deferred charges and accrued income | 490/1 | €46,432 | €34,289 | -€12,143 | -26.2% |
| Total equity and liabilities | 10/49 | €1,854,068 | €1,729,236 | -€124,832 | -6.7% |
| Equity | 10/15 | €975,198 | €979,953 | +€4,755 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,602 | €83,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,742 | €81,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | €872,996 | €877,751 | +€4,755 | +0.5% |
| Amounts payable | 17/49 | €878,870 | €749,283 | -€129,587 | -14.7% |
| Amounts payable after more than one year | 17 | - | €187,876 | +€187,876 | |
| Financial debts | 170/4 | - | €187,876 | +€187,876 | |
| Amounts payable within one year | 42/48 | €878,870 | €561,407 | -€317,463 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €13,580 | €33,729 | +€20,149 | +148% |
| Financial debts | 43 | €216 | - | -€216 | |
| Credit institutions | 430/8 | €216 | - | -€216 | |
| Trade debts | 44 | €775,754 | €471,025 | -€304,729 | -39.3% |
| Suppliers | 440/4 | €775,754 | €471,025 | -€304,729 | -39.3% |
| Taxes, remuneration and social security | 45 | €19,210 | €9,533 | -€9,677 | -50.4% |
| Taxes | 450/3 | €16,385 | €345 | -€16,040 | -97.9% |
| Remuneration and social security | 454/9 | €2,825 | €9,188 | +€6,363 | +225% |
| Other amounts payable | 47/48 | €70,110 | €47,120 | -€22,990 | -32.8% |
| Non-recurring operating income | 76A | €13,150 | - | -€13,150 | |
| Remuneration, social security and pensions | 62 | €590,553 | €640,005 | +€49,452 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,598 | €61,879 | +€17,281 | +38.7% |
| Other operating charges | 640/8 | €8,936 | €19,823 | +€10,887 | +122% |
| Gross operating margin | 9900 | €809,145 | €745,294 | -€63,851 | -7.9% |
| Operating profit (loss) | 9901 | €165,058 | €23,587 | -€141,471 | -85.7% |
| Financial income | 75/76B | €25 | €91 | +€66 | +264% |
| Recurring financial income | 75 | €25 | €91 | +€66 | +264% |
| Financial charges | 65/66B | €8,912 | €1,786 | -€7,126 | -80.0% |
| Recurring financial charges | 65 | €8,912 | €1,786 | -€7,126 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €156,171 | €21,892 | -€134,279 | -86.0% |
| Income taxes | 67/77 | €42,140 | €17,137 | -€25,003 | -59.3% |
| Profit (loss) for the period | 9904 | €114,031 | €4,755 | -€109,276 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,031 | €4,755 | -€109,276 | -95.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.