TAWAKAL GROUP: what changed
TAWAKAL GROUP
Largest movements
- Tangible fixed assets +€13,933
up €13,933 (+244%), from €5,712 to €19,644
of which Furniture and vehicles: +€14,261
- Cash -€4,487
down €4,487 (-31.8%), from €14,111 to €9,623
mainly Investment in fixed assets (net) (-€17,546) and Net result for the year (-€2,444)
- Receivables within one year +€667
up €667 (+26.8%), from €2,491 to €3,159
of which Other amounts receivable: +€475
- Other debts +€12,800
up €12,800 (+427%), from €3,000 to €15,800
- Profit (loss) carried forward -€2,444
down €2,444 (-19.9%), from €12,258 to €9,814
- Tax, wage and social debts -€495
no longer reported in 2025 (was €495)
- Gross operating margin -€6,125
down €6,125 (-65.0%), from €9,416 to €3,291
- Other operating charges +€1,187
up €1,187 (+177%), from €673 to €1,860
- Taxes -€485
down €485 (-97.9%), from €495 to €10
- Depreciation +€333
up €333 (+10.1%), from €3,280 to €3,613
- Financial charges -€259
down €259 (-50.7%), from €510 to €252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,605 | €32,717 | +€10,113 | +44.7% |
| Fixed assets | 21/28 | €5,912 | €19,844 | +€13,933 | +236% |
| Tangible fixed assets | 22/27 | €5,712 | €19,644 | +€13,933 | +244% |
| Plant, machinery and equipment | 23 | €328 | - | -€328 | |
| Furniture and vehicles | 24 | €5,383 | €19,644 | +€14,261 | +265% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €16,693 | €12,873 | -€3,820 | -22.9% |
| Stocks and contracts in progress | 3 | €91 | €91 | = | 0.0% |
| Stocks | 30/36 | €91 | €91 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,491 | €3,159 | +€667 | +26.8% |
| Trade receivables | 40 | €190 | €382 | +€192 | +101% |
| Other amounts receivable | 41 | €2,301 | €2,777 | +€475 | +20.6% |
| Cash at bank and in hand | 54/58 | €14,111 | €9,623 | -€4,487 | -31.8% |
| Total equity and liabilities | 10/49 | €22,605 | €32,717 | +€10,113 | +44.7% |
| Equity | 10/15 | €18,458 | €16,014 | -€2,444 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,258 | €9,814 | -€2,444 | -19.9% |
| Amounts payable | 17/49 | €4,146 | €16,704 | +€12,557 | +303% |
| Amounts payable within one year | 42/48 | €4,146 | €16,704 | +€12,557 | +303% |
| Trade debts | 44 | €651 | €904 | +€252 | +38.7% |
| Suppliers | 440/4 | €651 | €904 | +€252 | +38.7% |
| Taxes, remuneration and social security | 45 | €495 | - | -€495 | |
| Taxes | 450/3 | €495 | - | -€495 | |
| Other amounts payable | 47/48 | €3,000 | €15,800 | +€12,800 | +427% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,280 | €3,613 | +€333 | +10.1% |
| Other operating charges | 640/8 | €673 | €1,860 | +€1,187 | +177% |
| Gross operating margin | 9900 | €9,416 | €3,291 | -€6,125 | -65.0% |
| Operating profit (loss) | 9901 | €5,463 | -€2,182 | -€7,645 | |
| Financial charges | 65/66B | €510 | €252 | -€259 | -50.7% |
| Recurring financial charges | 65 | €510 | €252 | -€259 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €4,953 | -€2,434 | -€7,387 | |
| Income taxes | 67/77 | €495 | €10 | -€485 | -97.9% |
| Profit (loss) for the period | 9904 | €4,457 | -€2,444 | -€6,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,457 | -€2,444 | -€6,902 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.