TAXCO: 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.
TAXCO
Largest movements
- Tangible fixed assets +€797,070
up €797,070 (+82.6%), from €964,575 to €1.8m
of which Land and buildings: +€800,983
- Cash -€352,171
down €352,171 (-89.7%), from €392,812 to €40,641
mainly Investment in fixed assets (net) (-€968,074) and Receivables within one year (-€150,935)
- Receivables within one year +€150,935
up €150,935 (+359%), from €41,997 to €192,932
of which Other amounts receivable: +€150,142
- Debts after one year +€371,410
up €371,410 (+63.9%), from €581,137 to €952,547
- Reserves +€144,713
up €144,713 (+32.3%), from €448,425 to €593,138
of which Tax-exempt reserves: +€144,713
- Other debts +€108,279
up €108,279 (+224%), from €48,333 to €156,612
- Profit (loss) carried forward -€62,818
down €62,818 (-80.4%), from -€78,132 to -€140,950
- Revaluation surpluses -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin -€414,832
down €414,832 (-54.4%), from €763,193 to €348,361
- Depreciation +€47,493
up €47,493 (+38.5%), from €123,510 to €171,003
- Taxes -€15,692
down €15,692 (-88.7%), from €17,690 to €1,998
- Other operating charges -€7,758
down €7,758 (-38.7%), from €20,026 to €12,268
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 | €1,409,351 | €2,008,489 | +€599,138 | +42.5% |
| Fixed assets | 21/28 | €964,606 | €1,761,676 | +€797,070 | +82.6% |
| Tangible fixed assets | 22/27 | €964,575 | €1,761,645 | +€797,070 | +82.6% |
| Land and buildings | 22 | €877,420 | €1,678,403 | +€800,983 | +91.3% |
| Furniture and vehicles | 24 | €87,155 | €83,242 | -€3,913 | -4.5% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €444,745 | €246,813 | -€197,932 | -44.5% |
| Amounts receivable within one year | 40/41 | €41,997 | €192,932 | +€150,935 | +359% |
| Trade receivables | 40 | €24,840 | €25,633 | +€793 | +3.2% |
| Other amounts receivable | 41 | €17,157 | €167,299 | +€150,142 | +875% |
| Cash at bank and in hand | 54/58 | €392,812 | €40,641 | -€352,171 | -89.7% |
| Deferred charges and accrued income | 490/1 | €9,936 | €13,240 | +€3,304 | +33.3% |
| Total equity and liabilities | 10/49 | €1,409,351 | €2,008,489 | +€599,138 | +42.5% |
| Equity | 10/15 | €583,481 | €615,376 | +€31,895 | +5.5% |
| Contributions | 10/11 | €163,188 | €163,188 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €448,425 | €593,138 | +€144,713 | +32.3% |
| Tax-exempt reserves | 132 | €439,812 | €584,525 | +€144,713 | +32.9% |
| Distributable reserves | 133 | €8,613 | €8,613 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€78,132 | -€140,950 | -€62,818 | -80.4% |
| Provisions and deferred taxes | 16 | €116,560 | €164,798 | +€48,238 | +41.4% |
| Deferred taxes | 168 | €116,560 | €164,798 | +€48,238 | +41.4% |
| Amounts payable | 17/49 | €709,310 | €1,228,315 | +€519,005 | +73.2% |
| Amounts payable after more than one year | 17 | €581,137 | €952,547 | +€371,410 | +63.9% |
| Financial debts | 170/4 | €581,137 | €952,547 | +€371,410 | +63.9% |
| Amounts payable within one year | 42/48 | €124,523 | €275,769 | +€151,246 | +121% |
| Current portion of amounts payable after more than one year | 42 | €51,055 | €61,177 | +€10,122 | +19.8% |
| Financial debts | 43 | €12,727 | €5,944 | -€6,783 | -53.3% |
| Credit institutions | 430/8 | €12,727 | €5,944 | -€6,783 | -53.3% |
| Trade debts | 44 | €6,820 | €47,134 | +€40,314 | +591% |
| Suppliers | 440/4 | €6,820 | €47,134 | +€40,314 | +591% |
| Taxes, remuneration and social security | 45 | €5,588 | €4,902 | -€686 | -12.3% |
| Taxes | 450/3 | €5,588 | €4,902 | -€686 | -12.3% |
| Other amounts payable | 47/48 | €48,333 | €156,612 | +€108,279 | +224% |
| Accrued charges and deferred income | 492/3 | €3,650 | - | -€3,650 | |
| Non-recurring operating income | 76A | €511,459 | €248,829 | -€262,630 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,510 | €171,003 | +€47,493 | +38.5% |
| Other operating charges | 640/8 | €20,026 | €12,268 | -€7,758 | -38.7% |
| Non-recurring operating charges | 66A | - | €6,300 | +€6,300 | |
| Gross operating margin | 9900 | €763,193 | €348,361 | -€414,832 | -54.4% |
| Operating profit (loss) | 9901 | €619,657 | €158,790 | -€460,867 | -74.4% |
| Financial income | 75/76B | €11,892 | €8,769 | -€3,123 | -26.3% |
| Recurring financial income | 75 | €11,892 | €8,769 | -€3,123 | -26.3% |
| Financial charges | 65/66B | €29,111 | €35,430 | +€6,319 | +21.7% |
| Recurring financial charges | 65 | €29,111 | €35,430 | +€6,319 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €602,438 | €132,129 | -€470,309 | -78.1% |
| Transfer from deferred taxes | 780 | €4,791 | €9,878 | +€5,087 | +106% |
| Transfer to deferred taxes | 680 | €121,352 | €58,116 | -€63,236 | -52.1% |
| Income taxes | 67/77 | €17,690 | €1,998 | -€15,692 | -88.7% |
| Profit (loss) for the period | 9904 | €468,187 | €81,894 | -€386,293 | -82.5% |
| Transfer from tax-exempt reserves | 789 | €14,374 | €29,634 | +€15,260 | +106% |
| Transfer to tax-exempt reserves | 689 | €364,055 | €174,347 | -€189,708 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,506 | -€62,819 | -€181,325 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.