Tax@vice: 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@vice
Largest movements
- Receivables within one year +€54,956
new in 2025: €54,956
- Cash -€24,173
down €24,173 (-35.2%), from €68,650 to €44,477
mainly Receivables within one year (-€54,956) and Trade debts (-€27,179)
- Current investments +€8,478
up €8,478 (+13.4%), from €63,176 to €71,654
- Tangible fixed assets +€6,851
up €6,851 (+6.0%), from €114,354 to €121,205
of which Plant, machinery and equipment: +€14,086
- Reserves +€58,702
up €58,702 (+46.1%), from €127,462 to €186,164
- Trade debts -€27,179
no longer reported in 2025 (was €27,179)
- Tax, wage and social debts +€17,878
up €17,878 (+75.5%), from €23,692 to €41,569
- Other debts -€3,283
down €3,283 (-99.9%), from €3,285 to €2
- Depreciation +€8,670
up €8,670 (+75.4%), from €11,498 to €20,168
- Gross operating margin +€7,210
up €7,210 (+11.7%), from €61,468 to €68,678
- Financial income -€5,171
down €5,171 (-12.1%), from €42,841 to €37,670
- Taxes -€1,051
down €1,051 (-4.5%), from €23,271 to €22,221
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 | €247,617 | €293,837 | +€46,219 | +18.7% |
| Fixed assets | 21/28 | €114,354 | €121,205 | +€6,851 | +6.0% |
| Tangible fixed assets | 22/27 | €114,354 | €121,205 | +€6,851 | +6.0% |
| Plant, machinery and equipment | 23 | €86,585 | €100,671 | +€14,086 | +16.3% |
| Furniture and vehicles | 24 | €27,769 | €20,534 | -€7,235 | -26.1% |
| Current assets | 29/58 | €133,263 | €172,631 | +€39,369 | +29.5% |
| Amounts receivable within one year | 40/41 | - | €54,956 | +€54,956 | |
| Other amounts receivable | 41 | - | €54,956 | +€54,956 | |
| Current investments | 50/53 | €63,176 | €71,654 | +€8,478 | +13.4% |
| Cash at bank and in hand | 54/58 | €68,650 | €44,477 | -€24,173 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,545 | +€108 | +7.5% |
| Total equity and liabilities | 10/49 | €247,617 | €293,837 | +€46,219 | +18.7% |
| Equity | 10/15 | €128,462 | €187,164 | +€58,702 | +45.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €127,462 | €186,164 | +€58,702 | +46.1% |
| Distributable reserves | 133 | €127,462 | €186,164 | +€58,702 | +46.1% |
| Amounts payable | 17/49 | €119,156 | €106,673 | -€12,483 | -10.5% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Financial debts | 170/4 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,156 | €41,571 | -€12,584 | -23.2% |
| Trade debts | 44 | €27,179 | - | -€27,179 | |
| Suppliers | 440/4 | €27,179 | - | -€27,179 | |
| Taxes, remuneration and social security | 45 | €23,692 | €41,569 | +€17,878 | +75.5% |
| Taxes | 450/3 | €23,692 | €41,569 | +€17,878 | +75.5% |
| Other amounts payable | 47/48 | €3,285 | €2 | -€3,283 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €102 | +€102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,498 | €20,168 | +€8,670 | +75.4% |
| Other operating charges | 640/8 | €493 | €1,088 | +€595 | +121% |
| Gross operating margin | 9900 | €61,468 | €68,678 | +€7,210 | +11.7% |
| Operating profit (loss) | 9901 | €49,477 | €47,422 | -€2,055 | -4.2% |
| Financial income | 75/76B | €42,841 | €37,670 | -€5,171 | -12.1% |
| Recurring financial income | 75 | €42,841 | €37,670 | -€5,171 | -12.1% |
| Financial charges | 65/66B | €4,723 | €4,169 | -€554 | -11.7% |
| Recurring financial charges | 65 | €4,723 | €4,169 | -€554 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €87,594 | €80,922 | -€6,672 | -7.6% |
| Income taxes | 67/77 | €23,271 | €22,221 | -€1,051 | -4.5% |
| Profit (loss) for the period | 9904 | €64,323 | €58,702 | -€5,621 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,323 | €58,702 | -€5,621 | -8.7% |
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 29 October 2026 via checked.be.