TAXCON: 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.
TAXCON
Largest movements
- Tangible fixed assets -€80,743
down €80,743 (-11.8%), from €685,631 to €604,888
of which Land and buildings: -€62,050
- Receivables within one year -€26,722
down €26,722 (-15.7%), from €170,311 to €143,589
of which Trade receivables: -€17,121
- Cash -€9,682
down €9,682 (-81.3%), from €11,915 to €2,232
mainly Debts after one year (-€85,414) and Contributions, distributions and other (-€38,897)
- Debts after one year -€85,414
down €85,414 (-20.4%), from €419,250 to €333,836
- Reserves -€38,897
down €38,897 (-29.6%), from €131,330 to €92,433
of which Distributable reserves: -€37,042
- Profit (loss) carried forward -€22,657
new in 2025: -€22,657
- Other debts +€20,875
up €20,875 (+16.0%), from €130,401 to €151,276
- Short-term financial debts +€19,751
up €19,751 (+168%), from €11,771 to €31,522
- Gross operating margin -€120,012
down €120,012 (-39.2%), from €305,840 to €185,827
- Staff costs -€49,620
down €49,620 (-35.2%), from €140,844 to €91,224
- Write-downs -€49,200
down €49,200, from €24,600 to -€24,600
- Other operating charges +€26,532
up €26,532 (+386%), from €6,870 to €33,403
- Taxes -€13,693
down €13,693 (-87.6%), from €15,628 to €1,935
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 | €884,033 | €761,240 | -€122,793 | -13.9% |
| Fixed assets | 21/28 | €685,681 | €604,938 | -€80,743 | -11.8% |
| Tangible fixed assets | 22/27 | €685,631 | €604,888 | -€80,743 | -11.8% |
| Land and buildings | 22 | €601,593 | €539,543 | -€62,050 | -10.3% |
| Plant, machinery and equipment | 23 | €67,037 | €53,383 | -€13,654 | -20.4% |
| Furniture and vehicles | 24 | €17,002 | €9,314 | -€7,687 | -45.2% |
| Other tangible fixed assets | 26 | - | €2,648 | +€2,648 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €198,352 | €156,302 | -€42,050 | -21.2% |
| Amounts receivable within one year | 40/41 | €170,311 | €143,589 | -€26,722 | -15.7% |
| Trade receivables | 40 | €160,136 | €143,015 | -€17,121 | -10.7% |
| Other amounts receivable | 41 | €10,176 | €574 | -€9,601 | -94.4% |
| Cash at bank and in hand | 54/58 | €11,915 | €2,232 | -€9,682 | -81.3% |
| Deferred charges and accrued income | 490/1 | €16,126 | €10,481 | -€5,645 | -35.0% |
| Total equity and liabilities | 10/49 | €884,033 | €761,240 | -€122,793 | -13.9% |
| Equity | 10/15 | €131,380 | €69,826 | -€61,554 | -46.9% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €131,330 | €92,433 | -€38,897 | -29.6% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €129,475 | €92,433 | -€37,042 | -28.6% |
| Profit (loss) carried forward | 14 | - | -€22,657 | -€22,657 | |
| Amounts payable | 17/49 | €752,653 | €691,413 | -€61,239 | -8.1% |
| Amounts payable after more than one year | 17 | €419,250 | €333,836 | -€85,414 | -20.4% |
| Financial debts | 170/4 | €419,250 | €333,836 | -€85,414 | -20.4% |
| Amounts payable within one year | 42/48 | €301,902 | €335,077 | +€33,175 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €90,075 | €85,440 | -€4,636 | -5.1% |
| Financial debts | 43 | €11,771 | €31,522 | +€19,751 | +168% |
| Credit institutions | 430/8 | €11,771 | €31,522 | +€19,751 | +168% |
| Trade debts | 44 | €12,151 | €6,021 | -€6,130 | -50.5% |
| Suppliers | 440/4 | €12,151 | €6,021 | -€6,130 | -50.5% |
| Taxes, remuneration and social security | 45 | €57,504 | €60,819 | +€3,316 | +5.8% |
| Taxes | 450/3 | €38,552 | €45,579 | +€7,027 | +18.2% |
| Remuneration and social security | 454/9 | €18,952 | €15,241 | -€3,712 | -19.6% |
| Other amounts payable | 47/48 | €130,401 | €151,276 | +€20,875 | +16.0% |
| Accrued charges and deferred income | 492/3 | €31,501 | €22,500 | -€9,001 | -28.6% |
| Remuneration, social security and pensions | 62 | €140,844 | €91,224 | -€49,620 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,469 | €83,655 | -€2,814 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,600 | -€24,600 | -€49,200 | |
| Other operating charges | 640/8 | €6,870 | €33,403 | +€26,532 | +386% |
| Gross operating margin | 9900 | €305,840 | €185,827 | -€120,012 | -39.2% |
| Operating profit (loss) | 9901 | €47,056 | €2,145 | -€44,911 | -95.4% |
| Financial income | 75/76B | €241 | €0 | -€241 | -100.0% |
| Recurring financial income | 75 | €241 | €0 | -€241 | -100.0% |
| Financial charges | 65/66B | €23,069 | €22,867 | -€202 | -0.9% |
| Recurring financial charges | 65 | €23,069 | €22,867 | -€202 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €24,229 | -€20,722 | -€44,950 | |
| Income taxes | 67/77 | €15,628 | €1,935 | -€13,693 | -87.6% |
| Profit (loss) for the period | 9904 | €8,600 | -€22,657 | -€31,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,600 | -€22,657 | -€31,257 |
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 14 October 2026 via checked.be.