TAUP: 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.
TAUP
Largest movements
- Receivables within one year +€629,419
up €629,419 (+5147.9%), from €12,227 to €641,646
of which Trade receivables: +€505,901
- Cash -€25,398
down €25,398 (-27.1%), from €93,697 to €68,299
mainly Receivables within one year (-€629,419) and Deferred charges and accrued income (-€7,021)
- Trade debts +€370,547
up €370,547 (+1292.6%), from €28,667 to €399,215
- Short-term financial debts +€162,878
up €162,878 (+708.2%), from €23,000 to €185,878
- Reserves +€46,045
up €46,045 (+108.9%), from €42,280 to €88,325
- Debts after one year +€15,496
up €15,496 (+134.2%), from €11,543 to €27,038
- Current portion of long-term debt +€10,523
up €10,523 (+175.9%), from €5,981 to €16,504
- Gross operating margin +€177,765
up €177,765 (+174.7%), from €101,745 to €279,510
- Staff costs +€149,548
up €149,548 (+365.7%), from €40,898 to €190,446
- Financial charges +€11,204
up €11,204 (+2573.2%), from €435 to €11,640
- Financial income +€3,122
up €3,122 (+6699.5%), from €47 to €3,169
- Taxes +€2,828
up €2,828 (+20.3%), from €13,943 to €16,771
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 | €141,379 | €749,319 | +€607,940 | +430.0% |
| Formation expenses | 20 | €815 | €619 | -€195 | -24.0% |
| Fixed assets | 21/28 | €32,652 | €29,746 | -€2,906 | -8.9% |
| Intangible fixed assets | 21 | €13,468 | €10,289 | -€3,179 | -23.6% |
| Tangible fixed assets | 22/27 | €19,185 | €19,458 | +€273 | +1.4% |
| Furniture and vehicles | 24 | €19,185 | €18,085 | -€1,100 | -5.7% |
| Other tangible fixed assets | 26 | - | €1,373 | +€1,373 | |
| Current assets | 29/58 | €107,912 | €718,953 | +€611,042 | +566.2% |
| Amounts receivable within one year | 40/41 | €12,227 | €641,646 | +€629,419 | +5147.9% |
| Trade receivables | 40 | €12,210 | €518,111 | +€505,901 | +4143.5% |
| Other amounts receivable | 41 | €17 | €123,535 | +€123,518 | +716046.7% |
| Cash at bank and in hand | 54/58 | €93,697 | €68,299 | -€25,398 | -27.1% |
| Deferred charges and accrued income | 490/1 | €1,988 | €9,008 | +€7,021 | +353.2% |
| Total equity and liabilities | 10/49 | €141,379 | €749,319 | +€607,940 | +430.0% |
| Equity | 10/15 | €43,780 | €89,825 | +€46,045 | +105.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €42,280 | €88,325 | +€46,045 | +108.9% |
| Distributable reserves | 133 | €42,280 | €88,325 | +€46,045 | +108.9% |
| Amounts payable | 17/49 | €97,599 | €659,494 | +€561,895 | +575.7% |
| Amounts payable after more than one year | 17 | €11,543 | €27,038 | +€15,496 | +134.2% |
| Financial debts | 170/4 | €11,543 | €27,038 | +€15,496 | +134.2% |
| Amounts payable within one year | 42/48 | €86,056 | €630,547 | +€544,491 | +632.7% |
| Current portion of amounts payable after more than one year | 42 | €5,981 | €16,504 | +€10,523 | +175.9% |
| Financial debts | 43 | €23,000 | €185,878 | +€162,878 | +708.2% |
| Credit institutions | 430/8 | €23,000 | €185,878 | +€162,878 | +708.2% |
| Trade debts | 44 | €28,667 | €399,215 | +€370,547 | +1292.6% |
| Suppliers | 440/4 | €28,667 | €399,215 | +€370,547 | +1292.6% |
| Taxes, remuneration and social security | 45 | €28,407 | €28,950 | +€542 | +1.9% |
| Taxes | 450/3 | €25,101 | €16,617 | -€8,484 | -33.8% |
| Remuneration and social security | 454/9 | €3,307 | €12,333 | +€9,027 | +273.0% |
| Accrued charges and deferred income | 492/3 | - | €1,908 | +€1,908 | |
| Remuneration, social security and pensions | 62 | €40,898 | €190,446 | +€149,548 | +365.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,848 | €6,164 | +€2,316 | +60.2% |
| Other operating charges | 640/8 | €387 | €927 | +€539 | +139.3% |
| Non-recurring operating charges | 66A | - | €10,685 | +€10,685 | |
| Gross operating margin | 9900 | €101,745 | €279,510 | +€177,765 | +174.7% |
| Operating profit (loss) | 9901 | €56,611 | €71,288 | +€14,676 | +25.9% |
| Financial income | 75/76B | €47 | €3,169 | +€3,122 | +6699.5% |
| Recurring financial income | 75 | €47 | €3,169 | +€3,122 | +6699.5% |
| Financial charges | 65/66B | €435 | €11,640 | +€11,204 | +2573.2% |
| Recurring financial charges | 65 | €435 | €11,640 | +€11,204 | +2573.2% |
| Profit (loss) for the period before taxes | 9903 | €56,223 | €62,816 | +€6,594 | +11.7% |
| Income taxes | 67/77 | €13,943 | €16,771 | +€2,828 | +20.3% |
| Profit (loss) for the period | 9904 | €42,280 | €46,045 | +€3,765 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,280 | €46,045 | +€3,765 | +8.9% |
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.