Tax-Fin: 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.
Tax-Fin
Largest movements
- Current investments -€30,168
down €30,168 (-98.4%), from €30,653 to €485
- Cash +€28,907
up €28,907 (+14.5%), from €198,725 to €227,632
mainly Current investments (+€30,168) and Net result for the year (+€10,374)
- Tangible fixed assets +€3,335
up €3,335 (+17.5%), from €19,097 to €22,432
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€13,994
down €13,994 (-49.2%), from €28,418 to €14,424
- Depreciation -€6,430
down €6,430 (-67.6%), from €9,508 to €3,078
- Financial income +€4,088
up €4,088 (+150%), from €2,720 to €6,808
- Taxes -€3,668
down €3,668 (-45.4%), from €8,084 to €4,416
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 | €249,215 | €252,297 | +€3,082 | +1.2% |
| Fixed assets | 21/28 | €19,097 | €22,432 | +€3,335 | +17.5% |
| Tangible fixed assets | 22/27 | €19,097 | €22,432 | +€3,335 | +17.5% |
| Furniture and vehicles | 24 | €19,097 | €22,432 | +€3,335 | +17.5% |
| Current assets | 29/58 | €230,118 | €229,865 | -€253 | -0.1% |
| Amounts receivable within one year | 40/41 | €740 | €1,509 | +€769 | +104% |
| Trade receivables | 40 | €740 | €1,509 | +€769 | +104% |
| Current investments | 50/53 | €30,653 | €485 | -€30,168 | -98.4% |
| Cash at bank and in hand | 54/58 | €198,725 | €227,632 | +€28,907 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €239 | +€239 | |
| Total equity and liabilities | 10/49 | €249,215 | €252,297 | +€3,082 | +1.2% |
| Equity | 10/15 | €235,454 | €235,454 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €233,454 | €233,454 | = | 0.0% |
| Distributable reserves | 133 | €233,454 | €233,454 | = | 0.0% |
| Amounts payable | 17/49 | €13,761 | €16,843 | +€3,082 | +22.4% |
| Amounts payable within one year | 42/48 | €13,761 | €16,843 | +€3,082 | +22.4% |
| Trade debts | 44 | €45 | €801 | +€756 | +1,680% |
| Suppliers | 440/4 | €45 | €801 | +€756 | +1,680% |
| Taxes, remuneration and social security | 45 | €2,826 | €3,417 | +€591 | +20.9% |
| Taxes | 450/3 | €2,826 | €3,417 | +€591 | +20.9% |
| Other amounts payable | 47/48 | €10,890 | €12,625 | +€1,735 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,508 | €3,078 | -€6,430 | -67.6% |
| Other operating charges | 640/8 | €1,003 | €959 | -€44 | -4.4% |
| Non-recurring operating charges | 66A | - | €2,079 | +€2,079 | |
| Gross operating margin | 9900 | €28,418 | €14,424 | -€13,994 | -49.2% |
| Operating profit (loss) | 9901 | €17,907 | €8,308 | -€9,599 | -53.6% |
| Financial income | 75/76B | €2,720 | €6,808 | +€4,088 | +150% |
| Recurring financial income | 75 | €2,720 | €6,808 | +€4,088 | +150% |
| Financial charges | 65/66B | €482 | €326 | -€156 | -32.4% |
| Recurring financial charges | 65 | €482 | €326 | -€156 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €20,145 | €14,790 | -€5,355 | -26.6% |
| Income taxes | 67/77 | €8,084 | €4,416 | -€3,668 | -45.4% |
| Profit (loss) for the period | 9904 | €12,061 | €10,374 | -€1,687 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,061 | €10,374 | -€1,687 | -14.0% |
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 25 October 2026 via checked.be.