TAXANDRIA: 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.
TAXANDRIA
Largest movements
- Stocks and contracts +€256,771
up €256,771 (+12.6%), from €2.0m to €2.3m
- Receivables within one year -€122,801
down €122,801 (-26.6%), from €460,979 to €338,178
of which Trade receivables: -€107,826
- Cash -€52,677
down €52,677 (-82.7%), from €63,660 to €10,983
mainly Short-term financial debts (-€301,541) and Stocks and contracts (-€256,771)
- Other debts +€397,166
up €397,166 (+30.8%), from €1.3m to €1.7m
- Short-term financial debts -€301,541
down €301,541 (-24.8%), from €1.2m to €916,515
- Financial income -€6,380
down €6,380 (-91.8%), from €6,952 to €572
- Gross operating margin -€3,401
down €3,401 (-135%), from -€2,519 to -€5,920
- Other operating charges +€1,918
up €1,918 (+3,094%), from €62 to €1,980
- Financial charges -€1,906
down €1,906 (-72.3%), from €2,636 to €730
- Taxes -€366
down €366 (-96.7%), from €378 to €12
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 | €2,568,971 | €2,648,541 | +€79,571 | +3.1% |
| Current assets | 29/58 | €2,568,971 | €2,648,541 | +€79,571 | +3.1% |
| Stocks and contracts in progress | 3 | €2,042,610 | €2,299,381 | +€256,771 | +12.6% |
| Stocks | 30/36 | €2,042,610 | €2,299,381 | +€256,771 | +12.6% |
| Amounts receivable within one year | 40/41 | €460,979 | €338,178 | -€122,801 | -26.6% |
| Trade receivables | 40 | €405,639 | €297,813 | -€107,826 | -26.6% |
| Other amounts receivable | 41 | €55,340 | €40,365 | -€14,975 | -27.1% |
| Cash at bank and in hand | 54/58 | €63,660 | €10,983 | -€52,677 | -82.7% |
| Deferred charges and accrued income | 490/1 | €1,722 | €0 | -€1,722 | -100% |
| Total equity and liabilities | 10/49 | €2,568,971 | €2,648,541 | +€79,571 | +3.1% |
| Equity | 10/15 | €47,262 | €39,192 | -€8,070 | -17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,262 | €19,192 | -€8,070 | -29.6% |
| Amounts payable | 17/49 | €2,521,708 | €2,609,349 | +€87,641 | +3.5% |
| Amounts payable within one year | 42/48 | €2,521,708 | €2,609,349 | +€87,641 | +3.5% |
| Financial debts | 43 | €1,218,056 | €916,515 | -€301,541 | -24.8% |
| Credit institutions | 430/8 | €1,218,056 | €916,515 | -€301,541 | -24.8% |
| Trade debts | 44 | €7,970 | €3,502 | -€4,468 | -56.1% |
| Suppliers | 440/4 | €7,970 | €3,502 | -€4,468 | -56.1% |
| Taxes, remuneration and social security | 45 | €7,307 | €3,791 | -€3,516 | -48.1% |
| Taxes | 450/3 | €7,307 | €3,791 | -€3,516 | -48.1% |
| Other amounts payable | 47/48 | €1,288,374 | €1,685,540 | +€397,166 | +30.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €62 | €1,980 | +€1,918 | +3,094% |
| Gross operating margin | 9900 | -€2,519 | -€5,920 | -€3,401 | -135% |
| Operating profit (loss) | 9901 | -€2,581 | -€7,900 | -€5,319 | -206% |
| Financial income | 75/76B | €6,952 | €572 | -€6,380 | -91.8% |
| Recurring financial income | 75 | €6,952 | €572 | -€6,380 | -91.8% |
| Financial charges | 65/66B | €2,636 | €730 | -€1,906 | -72.3% |
| Recurring financial charges | 65 | €2,636 | €730 | -€1,906 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €1,735 | -€8,058 | -€9,793 | |
| Income taxes | 67/77 | €378 | €12 | -€366 | -96.7% |
| Profit (loss) for the period | 9904 | €1,357 | -€8,070 | -€9,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,357 | -€8,070 | -€9,427 |
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 26 October 2026 via checked.be.