TaViM: 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.
TaViM
Largest movements
- Receivables within one year -€33,275
no longer reported in 2026 (was €33,275)
- Receivables after one year +€26,850
new in 2026: €26,850
of which Trade receivables: +€24,200
- Cash +€5,549
up €5,549 (+14.1%), from €39,375 to €44,924
mainly Receivables within one year (+€33,275) and Other debts (+€9,729)
- Tax, wage and social debts -€15,635
down €15,635 (-85.7%), from €18,244 to €2,609
of which Remuneration and social security: -€17,405
- Other debts +€9,729
up €9,729 (+164%), from €5,936 to €15,665
- Reserves +€4,636
up €4,636 (+9.7%), from €47,636 to €52,272
- Gross operating margin -€12,175
down €12,175 (-59.5%), from €20,463 to €8,288
- Taxes -€3,581
down €3,581 (-61.3%), from €5,839 to €2,258
- Depreciation +€323
up €323 (+192%), from €168 to €491
- Staff costs +€284
up €284 (+73.3%), from €387 to €671
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,938 | €73,570 | -€1,368 | -1.8% |
| Fixed assets | 21/28 | €2,287 | €1,796 | -€491 | -21.5% |
| Tangible fixed assets | 22/27 | €2,287 | €1,796 | -€491 | -21.5% |
| Furniture and vehicles | 24 | €2,287 | €1,796 | -€491 | -21.5% |
| Current assets | 29/58 | €72,650 | €71,774 | -€877 | -1.2% |
| Amounts receivable after more than one year | 29 | - | €26,850 | +€26,850 | |
| Trade receivables | 290 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 291 | - | €2,650 | +€2,650 | |
| Amounts receivable within one year | 40/41 | €33,275 | - | -€33,275 | |
| Trade receivables | 40 | €33,275 | - | -€33,275 | |
| Cash at bank and in hand | 54/58 | €39,375 | €44,924 | +€5,549 | +14.1% |
| Total equity and liabilities | 10/49 | €74,938 | €73,570 | -€1,368 | -1.8% |
| Equity | 10/15 | €50,636 | €55,272 | +€4,636 | +9.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,636 | €52,272 | +€4,636 | +9.7% |
| Distributable reserves | 133 | €47,636 | €52,272 | +€4,636 | +9.7% |
| Amounts payable | 17/49 | €24,302 | €18,298 | -€6,003 | -24.7% |
| Amounts payable within one year | 42/48 | €24,302 | €18,298 | -€6,003 | -24.7% |
| Trade debts | 44 | €121 | €24 | -€97 | -79.9% |
| Suppliers | 440/4 | €121 | €24 | -€97 | -79.9% |
| Taxes, remuneration and social security | 45 | €18,244 | €2,609 | -€15,635 | -85.7% |
| Taxes | 450/3 | €839 | €2,609 | +€1,770 | +211% |
| Remuneration and social security | 454/9 | €17,405 | - | -€17,405 | |
| Other amounts payable | 47/48 | €5,936 | €15,665 | +€9,729 | +164% |
| Remuneration, social security and pensions | 62 | €387 | €671 | +€284 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | €491 | +€323 | +192% |
| Other operating charges | 640/8 | €154 | €159 | +€5 | +3.1% |
| Non-recurring operating charges | 66A | €71 | - | -€71 | |
| Gross operating margin | 9900 | €20,463 | €8,288 | -€12,175 | -59.5% |
| Operating profit (loss) | 9901 | €19,682 | €6,967 | -€12,715 | -64.6% |
| Financial charges | 65/66B | - | €73 | +€73 | |
| Recurring financial charges | 65 | - | €73 | +€73 | |
| Profit (loss) for the period before taxes | 9903 | €19,682 | €6,893 | -€12,788 | -65.0% |
| Income taxes | 67/77 | €5,839 | €2,258 | -€3,581 | -61.3% |
| Profit (loss) for the period | 9904 | €13,842 | €4,636 | -€9,207 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,842 | €4,636 | -€9,207 | -66.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.