TAXAZ: 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.
TAXAZ
Largest movements
- Cash +€100,889
up €100,889 (+65.1%), from €154,860 to €255,749
mainly Net result for the year (+€89,633) and Receivables within one year (+€38,514)
- Receivables within one year -€38,514
down €38,514 (-21.1%), from €182,635 to €144,121
- Reserves +€89,633
up €89,633 (+23.2%), from €386,694 to €476,327
- Other debts -€20,758
down €20,758 (-20.1%), from €103,270 to €82,512
- Tax, wage and social debts -€12,407
down €12,407 (-17.4%), from €71,112 to €58,706
of which Taxes: -€18,268
- Staff costs +€58,345
up €58,345 (+37.3%), from €156,385 to €214,731
- Write-downs -€20,954
down €20,954 (-74.2%), from €28,249 to €7,294
- Gross operating margin +€18,887
up €18,887 (+5.0%), from €379,253 to €398,140
- Financial charges -€4,482
down €4,482 (-38.7%), from €11,578 to €7,096
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 | €612,014 | €669,867 | +€57,853 | +9.5% |
| Fixed assets | 21/28 | €274,519 | €269,997 | -€4,522 | -1.6% |
| Tangible fixed assets | 22/27 | €274,519 | €269,997 | -€4,522 | -1.6% |
| Land and buildings | 22 | €219,215 | €205,225 | -€13,990 | -6.4% |
| Plant, machinery and equipment | 23 | €6,413 | €5,153 | -€1,260 | -19.7% |
| Furniture and vehicles | 24 | €48,891 | €59,619 | +€10,728 | +21.9% |
| Current assets | 29/58 | €337,495 | €399,870 | +€62,375 | +18.5% |
| Amounts receivable within one year | 40/41 | €182,635 | €144,121 | -€38,514 | -21.1% |
| Trade receivables | 40 | €182,635 | €144,121 | -€38,514 | -21.1% |
| Cash at bank and in hand | 54/58 | €154,860 | €255,749 | +€100,889 | +65.1% |
| Total equity and liabilities | 10/49 | €612,014 | €669,867 | +€57,853 | +9.5% |
| Equity | 10/15 | €412,146 | €501,779 | +€89,633 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €386,694 | €476,327 | +€89,633 | +23.2% |
| Distributable reserves | 133 | €386,694 | €476,327 | +€89,633 | +23.2% |
| Profit (loss) carried forward | 14 | €13,052 | €13,052 | = | 0.0% |
| Amounts payable | 17/49 | €199,868 | €168,088 | -€31,780 | -15.9% |
| Amounts payable within one year | 42/48 | €199,868 | €168,088 | -€31,780 | -15.9% |
| Trade debts | 44 | €25,485 | €26,870 | +€1,385 | +5.4% |
| Suppliers | 440/4 | €25,485 | €26,870 | +€1,385 | +5.4% |
| Taxes, remuneration and social security | 45 | €71,112 | €58,706 | -€12,407 | -17.4% |
| Taxes | 450/3 | €52,315 | €34,047 | -€18,268 | -34.9% |
| Remuneration and social security | 454/9 | €18,798 | €24,659 | +€5,861 | +31.2% |
| Other amounts payable | 47/48 | €103,270 | €82,512 | -€20,758 | -20.1% |
| Remuneration, social security and pensions | 62 | €156,385 | €214,731 | +€58,345 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,350 | €27,420 | +€3,070 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,249 | €7,294 | -€20,954 | -74.2% |
| Other operating charges | 640/8 | €3,218 | €2,213 | -€1,005 | -31.2% |
| Gross operating margin | 9900 | €379,253 | €398,140 | +€18,887 | +5.0% |
| Operating profit (loss) | 9901 | €167,051 | €146,482 | -€20,569 | -12.3% |
| Financial income | 75/76B | €139 | €133 | -€6 | -4.1% |
| Recurring financial income | 75 | €139 | €133 | -€6 | -4.1% |
| Financial charges | 65/66B | €11,578 | €7,096 | -€4,482 | -38.7% |
| Recurring financial charges | 65 | €11,578 | €7,096 | -€4,482 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €155,611 | €139,519 | -€16,093 | -10.3% |
| Income taxes | 67/77 | €53,410 | €49,886 | -€3,524 | -6.6% |
| Profit (loss) for the period | 9904 | €102,202 | €89,633 | -€12,569 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,202 | €89,633 | -€12,569 | -12.3% |
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 21 October 2026 via checked.be.