TAXCOACH: 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.
TAXCOACH
Largest movements
- Receivables within one year +€78,949
up €78,949 (+391%), from €20,173 to €99,122
of which Other amounts receivable: +€69,764
- Cash +€42,463
up €42,463 (+250%), from €17,013 to €59,476
mainly Debts after one year (+€84,153) and Net result for the year (+€79,223)
- Tangible fixed assets +€41,090
up €41,090 (+16.5%), from €248,799 to €289,890
of which Assets under construction and advance payments: +€59,873
- Debts after one year +€84,153
up €84,153 (+23.3%), from €361,568 to €445,721
- Reserves +€79,223
up €79,223 (+54.9%), from €144,260 to €223,482
- Current portion of long-term debt +€7,299
up €7,299 (+29.0%), from €25,140 to €32,440
- Gross operating margin +€85,530
up €85,530 (+127%), from €67,527 to €153,057
- Taxes +€22,963
up €22,963 (+145%), from €15,891 to €38,854
- Staff costs +€15,002
new in 2025: €15,002
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 | €562,239 | €723,336 | +€161,098 | +28.7% |
| Fixed assets | 21/28 | €249,299 | €290,390 | +€41,090 | +16.5% |
| Tangible fixed assets | 22/27 | €248,799 | €289,890 | +€41,090 | +16.5% |
| Plant, machinery and equipment | 23 | €9,997 | €7,747 | -€2,250 | -22.5% |
| Furniture and vehicles | 24 | €35,465 | €25,287 | -€10,178 | -28.7% |
| Other tangible fixed assets | 26 | €203,337 | €196,982 | -€6,354 | -3.1% |
| Assets under construction and advance payments | 27 | - | €59,873 | +€59,873 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €312,939 | €432,947 | +€120,007 | +38.3% |
| Amounts receivable after more than one year | 29 | €270,482 | €270,482 | = | 0.0% |
| Other amounts receivable | 291 | €270,482 | €270,482 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,173 | €99,122 | +€78,949 | +391% |
| Trade receivables | 40 | €20,173 | €29,357 | +€9,185 | +45.5% |
| Other amounts receivable | 41 | - | €69,764 | +€69,764 | |
| Cash at bank and in hand | 54/58 | €17,013 | €59,476 | +€42,463 | +250% |
| Deferred charges and accrued income | 490/1 | €5,271 | €3,867 | -€1,404 | -26.6% |
| Total equity and liabilities | 10/49 | €562,239 | €723,336 | +€161,098 | +28.7% |
| Equity | 10/15 | €156,660 | €235,882 | +€79,223 | +50.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144,260 | €223,482 | +€79,223 | +54.9% |
| Distributable reserves | 133 | €144,260 | €223,482 | +€79,223 | +54.9% |
| Amounts payable | 17/49 | €405,579 | €487,454 | +€81,875 | +20.2% |
| Amounts payable after more than one year | 17 | €361,568 | €445,721 | +€84,153 | +23.3% |
| Financial debts | 170/4 | €361,568 | €445,721 | +€84,153 | +23.3% |
| Amounts payable within one year | 42/48 | €44,011 | €41,733 | -€2,278 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €25,140 | €32,440 | +€7,299 | +29.0% |
| Trade debts | 44 | €6,753 | €5,491 | -€1,263 | -18.7% |
| Suppliers | 440/4 | €6,753 | €5,491 | -€1,263 | -18.7% |
| Taxes, remuneration and social security | 45 | €9,478 | €3,435 | -€6,043 | -63.8% |
| Taxes | 450/3 | €9,478 | €1,318 | -€8,160 | -86.1% |
| Remuneration and social security | 454/9 | - | €2,117 | +€2,117 | |
| Other amounts payable | 47/48 | €2,639 | €368 | -€2,271 | -86.1% |
| Remuneration, social security and pensions | 62 | - | €15,002 | +€15,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,537 | €18,782 | +€1,245 | +7.1% |
| Other operating charges | 640/8 | €1,772 | €442 | -€1,330 | -75.1% |
| Gross operating margin | 9900 | €67,527 | €153,057 | +€85,530 | +127% |
| Operating profit (loss) | 9901 | €48,218 | €118,830 | +€70,612 | +146% |
| Financial income | 75/76B | €5,012 | €5,066 | +€54 | +1.1% |
| Recurring financial income | 75 | €5,012 | €5,066 | +€54 | +1.1% |
| Financial charges | 65/66B | €5,725 | €5,819 | +€94 | +1.6% |
| Recurring financial charges | 65 | €5,725 | €5,819 | +€94 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €47,505 | €118,077 | +€70,571 | +149% |
| Income taxes | 67/77 | €15,891 | €38,854 | +€22,963 | +145% |
| Profit (loss) for the period | 9904 | €31,615 | €79,223 | +€47,608 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €31,615 | €79,223 | +€47,608 | +151% |
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 31 October 2026 via checked.be.