TASSM: 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.
TASSM
Largest movements
- Receivables within one year +€137,415
up €137,415 (+139.9%), from €98,244 to €235,660
of which Other amounts receivable: +€137,597
- Debts after one year -€142,611
down €142,611 (-10.1%), from €1.4m to €1.3m
- Profit (loss) carried forward +€125,333
up €125,333 (+76.4%), from €164,142 to €289,475
- Trade debts +€68,996
up €68,996 (+83.2%), from €82,910 to €151,906
- Tax, wage and social debts +€62,112
up €62,112 (+1297.6%), from €4,787 to €66,899
- Taxes +€42,533
up €42,533 (+888.6%), from €4,787 to €47,320
- Gross operating margin +€16,329
up €16,329 (+5.7%), from €285,146 to €301,475
- Financial charges -€9,678
down €9,678 (-23.1%), from €41,897 to €32,219
- Depreciation +€6,246
up €6,246 (+7.1%), from €88,088 to €94,334
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 | €1,889,418 | €2,021,766 | +€132,348 | +7.0% |
| Fixed assets | 21/28 | €1,790,687 | €1,773,631 | -€17,056 | -1.0% |
| Tangible fixed assets | 22/27 | €1,790,687 | €1,773,631 | -€17,056 | -1.0% |
| Land and buildings | 22 | €1,785,624 | €1,770,996 | -€14,628 | -0.8% |
| Furniture and vehicles | 24 | €5,063 | €2,635 | -€2,428 | -48.0% |
| Current assets | 29/58 | €98,731 | €248,135 | +€149,404 | +151.3% |
| Amounts receivable within one year | 40/41 | €98,244 | €235,660 | +€137,415 | +139.9% |
| Trade receivables | 40 | €363 | €182 | -€182 | -50.0% |
| Other amounts receivable | 41 | €97,881 | €235,478 | +€137,597 | +140.6% |
| Cash at bank and in hand | 54/58 | €487 | €12,475 | +€11,989 | +2463.8% |
| Total equity and liabilities | 10/49 | €1,889,418 | €2,021,766 | +€132,348 | +7.0% |
| Equity | 10/15 | €244,142 | €369,475 | +€125,333 | +51.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,142 | €289,475 | +€125,333 | +76.4% |
| Amounts payable | 17/49 | €1,645,276 | €1,652,291 | +€7,015 | +0.4% |
| Amounts payable after more than one year | 17 | €1,410,014 | €1,267,402 | -€142,611 | -10.1% |
| Financial debts | 170/4 | €1,410,014 | €1,267,402 | -€142,611 | -10.1% |
| Amounts payable within one year | 42/48 | €235,262 | €384,889 | +€149,626 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €138,505 | €142,611 | +€4,106 | +3.0% |
| Trade debts | 44 | €82,910 | €151,906 | +€68,996 | +83.2% |
| Suppliers | 440/4 | €82,910 | €151,906 | +€68,996 | +83.2% |
| Advances received on contracts in progress | 46 | €9,061 | €23,473 | +€14,412 | +159.1% |
| Taxes, remuneration and social security | 45 | €4,787 | €66,899 | +€62,112 | +1297.6% |
| Taxes | 450/3 | €4,787 | €66,899 | +€62,112 | +1297.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,088 | €94,334 | +€6,246 | +7.1% |
| Other operating charges | 640/8 | €285 | €2,269 | +€1,983 | +695.0% |
| Gross operating margin | 9900 | €285,146 | €301,475 | +€16,329 | +5.7% |
| Operating profit (loss) | 9901 | €196,773 | €204,872 | +€8,099 | +4.1% |
| Financial charges | 65/66B | €41,897 | €32,219 | -€9,678 | -23.1% |
| Recurring financial charges | 65 | €41,897 | €32,219 | -€9,678 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €154,876 | €172,653 | +€17,777 | +11.5% |
| Income taxes | 67/77 | €4,787 | €47,320 | +€42,533 | +888.6% |
| Profit (loss) for the period | 9904 | €150,089 | €125,333 | -€24,756 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €150,089 | €125,333 | -€24,756 | -16.5% |
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 7 October 2026 via checked.be.