TAT UNITED: 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 UNITED
Largest movements
- Stocks and contracts -€101,952
down €101,952 (-13.1%), from €780,703 to €678,751
of which Stocks: -€345,000
- Cash +€41,875
up €41,875 (+373%), from €11,221 to €53,096
mainly Stocks and contracts (+€101,952) and Net result for the year (+€20,176)
- Other debts -€50,623
down €50,623 (-23.0%), from €220,000 to €169,377
- Short-term financial debts -€27,006
down €27,006 (-5.4%), from €497,006 to €470,000
- Reserves +€20,176
up €20,176 (+40.7%), from €49,630 to €69,806
- Write-downs -€28,800
no longer reported in 2025 (was €28,800)
- Financial charges +€18,670
up €18,670 (+151%), from €12,395 to €31,065
- Gross operating margin +€12,662
up €12,662 (+26.2%), from €48,294 to €60,957
- Taxes +€5,904
up €5,904 (+380%), from €1,554 to €7,458
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.
Derived cash bridge
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 | €792,579 | €732,199 | -€60,380 | -7.6% |
| Current assets | 29/58 | €792,579 | €732,199 | -€60,380 | -7.6% |
| Stocks and contracts in progress | 3 | €780,703 | €678,751 | -€101,952 | -13.1% |
| Stocks | 30/36 | €720,000 | €375,000 | -€345,000 | -47.9% |
| Contracts in progress | 37 | €60,703 | €303,751 | +€243,048 | +400% |
| Cash at bank and in hand | 54/58 | €11,221 | €53,096 | +€41,875 | +373% |
| Deferred charges and accrued income | 490/1 | €655 | €353 | -€302 | -46.1% |
| Total equity and liabilities | 10/49 | €792,579 | €732,199 | -€60,380 | -7.6% |
| Equity | 10/15 | €51,630 | €71,806 | +€20,176 | +39.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,630 | €69,806 | +€20,176 | +40.7% |
| Distributable reserves | 133 | €49,630 | €69,806 | +€20,176 | +40.7% |
| Amounts payable | 17/49 | €740,949 | €660,393 | -€80,556 | -10.9% |
| Amounts payable within one year | 42/48 | €737,182 | €660,393 | -€76,789 | -10.4% |
| Financial debts | 43 | €497,006 | €470,000 | -€27,006 | -5.4% |
| Credit institutions | 430/8 | €497,006 | €470,000 | -€27,006 | -5.4% |
| Trade debts | 44 | €18,787 | €13,561 | -€5,226 | -27.8% |
| Suppliers | 440/4 | €18,787 | €13,561 | -€5,226 | -27.8% |
| Taxes, remuneration and social security | 45 | €1,389 | €7,455 | +€6,066 | +437% |
| Taxes | 450/3 | €1,389 | €7,455 | +€6,066 | +437% |
| Other amounts payable | 47/48 | €220,000 | €169,377 | -€50,623 | -23.0% |
| Accrued charges and deferred income | 492/3 | €3,766 | - | -€3,766 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,800 | - | -€28,800 | |
| Other operating charges | 640/8 | €1,825 | €2,258 | +€432 | +23.7% |
| Gross operating margin | 9900 | €48,294 | €60,957 | +€12,662 | +26.2% |
| Operating profit (loss) | 9901 | €17,669 | €58,699 | +€41,030 | +232% |
| Financial charges | 65/66B | €12,395 | €31,065 | +€18,670 | +151% |
| Recurring financial charges | 65 | €12,395 | €31,065 | +€18,670 | +151% |
| Profit (loss) for the period before taxes | 9903 | €5,274 | €27,634 | +€22,360 | +424% |
| Income taxes | 67/77 | €1,554 | €7,458 | +€5,904 | +380% |
| Profit (loss) for the period | 9904 | €3,720 | €20,176 | +€16,456 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €3,720 | €20,176 | +€16,456 | +442% |
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 28 October 2026 via checked.be.