TATMAR: 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.
TATMAR
Largest movements
- Tangible fixed assets +€245,537
new in 2025: €245,537
- Receivables within one year -€116,613
down €116,613 (-67.7%), from €172,258 to €55,644
of which Other amounts receivable: -€67,969
- Cash +€70,815
up €70,815 (+2,655%), from €2,667 to €73,482
mainly Debts after one year (+€160,227) and Receivables within one year (+€116,613)
- Debts after one year +€160,227
new in 2025: €160,227
- Current portion of long-term debt +€19,773
new in 2025: €19,773
- Profit (loss) carried forward +€10,255
up €10,255 (+9.4%), from €108,659 to €118,913
- Other debts +€6,887
up €6,887 (+20.1%), from €34,273 to €41,161
- Gross operating margin +€7,540
up €7,540 (+18.8%), from €40,115 to €47,655
- Depreciation +€4,797
new in 2025: €4,797
- Financial income -€2,272
no longer reported in 2025 (was €2,272)
- Financial charges +€488
up €488 (+557%), from €88 to €576
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 | €178,861 | €378,751 | +€199,890 | +112% |
| Fixed assets | 21/28 | €1,650 | €247,187 | +€245,537 | +14,881% |
| Tangible fixed assets | 22/27 | - | €245,537 | +€245,537 | |
| Land and buildings | 22 | - | €245,537 | +€245,537 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €177,211 | €131,564 | -€45,647 | -25.8% |
| Amounts receivable within one year | 40/41 | €172,258 | €55,644 | -€116,613 | -67.7% |
| Trade receivables | 40 | €103,015 | €54,370 | -€48,644 | -47.2% |
| Other amounts receivable | 41 | €69,243 | €1,274 | -€67,969 | -98.2% |
| Cash at bank and in hand | 54/58 | €2,667 | €73,482 | +€70,815 | +2,655% |
| Deferred charges and accrued income | 490/1 | €2,286 | €2,438 | +€152 | +6.6% |
| Total equity and liabilities | 10/49 | €178,861 | €378,751 | +€199,890 | +112% |
| Equity | 10/15 | €122,919 | €133,173 | +€10,255 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,659 | €118,913 | +€10,255 | +9.4% |
| Amounts payable | 17/49 | €55,942 | €245,578 | +€189,635 | +339% |
| Amounts payable after more than one year | 17 | - | €160,227 | +€160,227 | |
| Financial debts | 170/4 | - | €160,227 | +€160,227 | |
| Amounts payable within one year | 42/48 | €55,942 | €85,351 | +€29,409 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,773 | +€19,773 | |
| Trade debts | 44 | €2,093 | €1,101 | -€992 | -47.4% |
| Suppliers | 440/4 | €2,093 | €1,101 | -€992 | -47.4% |
| Taxes, remuneration and social security | 45 | €19,576 | €23,316 | +€3,740 | +19.1% |
| Taxes | 450/3 | €19,576 | €23,316 | +€3,740 | +19.1% |
| Other amounts payable | 47/48 | €34,273 | €41,161 | +€6,887 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,797 | +€4,797 | |
| Other operating charges | 640/8 | €835 | €499 | -€336 | -40.2% |
| Gross operating margin | 9900 | €40,115 | €47,655 | +€7,540 | +18.8% |
| Operating profit (loss) | 9901 | €39,281 | €42,359 | +€3,078 | +7.8% |
| Financial income | 75/76B | €2,272 | - | -€2,272 | |
| Recurring financial income | 75 | €2,272 | - | -€2,272 | |
| Financial charges | 65/66B | €88 | €576 | +€488 | +557% |
| Recurring financial charges | 65 | €88 | €576 | +€488 | +557% |
| Profit (loss) for the period before taxes | 9903 | €41,465 | €41,783 | +€318 | +0.8% |
| Income taxes | 67/77 | €10,379 | €10,028 | -€351 | -3.4% |
| Profit (loss) for the period | 9904 | €31,086 | €31,755 | +€669 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,086 | €31,755 | +€669 | +2.2% |
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 14 October 2026 via checked.be.