TAT: 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.
TAT
Largest movements
- Receivables within one year +€162,038
up €162,038 (+160%), from €101,410 to €263,448
of which Other amounts receivable: +€163,022
- Cash -€125,776
down €125,776 (-76.1%), from €165,253 to €39,477
mainly Receivables within one year (-€162,038) and Investment in fixed assets (net) (-€65,139)
- Tangible fixed assets +€54,487
up €54,487 (+304%), from €17,900 to €72,387
of which Furniture and vehicles: +€46,766
- Reserves +€39,128
up €39,128 (+16.1%), from €242,641 to €281,769
- Debts after one year +€29,855
new in 2024: €29,855
- Current portion of long-term debt +€17,898
new in 2024: €17,898
- Short-term financial debts +€8,385
up €8,385 (+80.7%), from €10,391 to €18,776
- Other debts -€4,500
no longer reported in 2024 (was €4,500)
- Gross operating margin +€41,091
up €41,091 (+48.3%), from €85,015 to €126,106
- Other operating charges +€24,238
up €24,238 (+1,525%), from €1,590 to €25,828
- Taxes +€8,967
up €8,967 (+46.5%), from €19,298 to €28,266
- Depreciation +€4,431
up €4,431 (+71.2%), from €6,221 to €10,652
- Financial charges +€2,203
up €2,203 (+218%), from €1,011 to €3,214
of which Financial charges: +€1,613
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,333 | €378,612 | +€90,278 | +31.3% |
| Fixed assets | 21/28 | €18,082 | €72,569 | +€54,487 | +301% |
| Tangible fixed assets | 22/27 | €17,900 | €72,387 | +€54,487 | +304% |
| Land and buildings | 22 | €4,112 | €3,271 | -€841 | -20.5% |
| Plant, machinery and equipment | 23 | €9,626 | €18,188 | +€8,562 | +88.9% |
| Furniture and vehicles | 24 | €4,162 | €50,928 | +€46,766 | +1,124% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €270,252 | €306,043 | +€35,791 | +13.2% |
| Stocks and contracts in progress | 3 | €967 | €675 | -€292 | -30.2% |
| Stocks | 30/36 | €967 | €675 | -€292 | -30.2% |
| Amounts receivable within one year | 40/41 | €101,410 | €263,448 | +€162,038 | +160% |
| Trade receivables | 40 | €7,515 | €6,532 | -€984 | -13.1% |
| Other amounts receivable | 41 | €93,895 | €256,917 | +€163,022 | +174% |
| Cash at bank and in hand | 54/58 | €165,253 | €39,477 | -€125,776 | -76.1% |
| Deferred charges and accrued income | 490/1 | €2,621 | €2,442 | -€179 | -6.8% |
| Total equity and liabilities | 10/49 | €288,333 | €378,612 | +€90,278 | +31.3% |
| Equity | 10/15 | €251,133 | €290,261 | +€39,128 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €242,641 | €281,769 | +€39,128 | +16.1% |
| Distributable reserves | 133 | €242,641 | €281,769 | +€39,128 | +16.1% |
| Profit (loss) carried forward | 14 | €2,292 | €2,292 | = | 0.0% |
| Amounts payable | 17/49 | €37,200 | €88,351 | +€51,151 | +138% |
| Amounts payable after more than one year | 17 | - | €29,855 | +€29,855 | |
| Financial debts | 170/4 | - | €29,855 | +€29,855 | |
| Amounts payable within one year | 42/48 | €37,200 | €58,496 | +€21,296 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €17,898 | +€17,898 | |
| Financial debts | 43 | €10,391 | €18,776 | +€8,385 | +80.7% |
| Other loans | 439 | €10,391 | €18,776 | +€8,385 | +80.7% |
| Trade debts | 44 | €7,305 | €7,704 | +€399 | +5.5% |
| Suppliers | 440/4 | €7,305 | €7,704 | +€399 | +5.5% |
| Taxes, remuneration and social security | 45 | €15,004 | €14,118 | -€886 | -5.9% |
| Taxes | 450/3 | €4,298 | €5,030 | +€732 | +17.0% |
| Remuneration and social security | 454/9 | €10,706 | €9,088 | -€1,618 | -15.1% |
| Other amounts payable | 47/48 | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €20,997 | €19,112 | -€1,885 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,221 | €10,652 | +€4,431 | +71.2% |
| Other operating charges | 640/8 | €1,590 | €25,828 | +€24,238 | +1,525% |
| Gross operating margin | 9900 | €85,015 | €126,106 | +€41,091 | +48.3% |
| Operating profit (loss) | 9901 | €56,207 | €70,514 | +€14,306 | +25.5% |
| Financial income | 75/76B | €59 | €93 | +€34 | +56.8% |
| Recurring financial income | 75 | €59 | €93 | +€34 | +56.8% |
| Financial charges | 65/66B | €1,011 | €3,214 | +€2,203 | +218% |
| Recurring financial charges | 65 | €1,011 | €2,624 | +€1,613 | +160% |
| Non-recurring financial charges | 66B | - | €590 | +€590 | |
| Profit (loss) for the period before taxes | 9903 | €55,256 | €67,393 | +€12,137 | +22.0% |
| Income taxes | 67/77 | €19,298 | €28,266 | +€8,967 | +46.5% |
| Profit (loss) for the period | 9904 | €35,958 | €39,128 | +€3,170 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,958 | €39,128 | +€3,170 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.