''TAXEMA'': 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.
''TAXEMA''
Largest movements
- Tangible fixed assets -€7,446
down €7,446 (-24.3%), from €30,689 to €23,243
of which Land and buildings: -€7,343
- Cash +€4,047
up €4,047 (+37.4%), from €10,834 to €14,881
mainly Other debts (+€16,955) and Depreciation (+€7,446)
- Stocks and contracts +€1,543
up €1,543 (+7.7%), from €19,976 to €21,518
- Deferred charges and accrued income -€1,114
down €1,114 (-52.7%), from €2,116 to €1,002
- Receivables within one year +€651
up €651 (+84.2%), from €774 to €1,425
- Other debts +€16,955
up €16,955 (+622%), from €2,724 to €19,679
- Debts after one year -€7,857
down €7,857 (-30.2%), from €26,038 to €18,182
- Tax, wage and social debts -€7,413
down €7,413 (-55.6%), from €13,338 to €5,925
- Trade debts -€5,733
down €5,733 (-67.9%), from €8,448 to €2,715
- Profit (loss) carried forward +€1,382
up €1,382 (+10.8%), from -€12,849 to -€11,466
- Gross operating margin -€2,443
down €2,443 (-16.2%), from €15,110 to €12,667
- Financial charges +€562
up €562 (+29.6%), from €1,898 to €2,459
- Depreciation -€516
down €516 (-6.5%), from €7,963 to €7,446
- Other operating charges +€197
up €197 (+50.8%), from €387 to €584
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 | €64,388 | €62,069 | -€2,319 | -3.6% |
| Fixed assets | 21/28 | €30,689 | €23,243 | -€7,446 | -24.3% |
| Tangible fixed assets | 22/27 | €30,689 | €23,243 | -€7,446 | -24.3% |
| Land and buildings | 22 | €27,546 | €20,203 | -€7,343 | -26.7% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Furniture and vehicles | 24 | €3,040 | €3,040 | = | 0.0% |
| Current assets | 29/58 | €33,698 | €38,826 | +€5,127 | +15.2% |
| Stocks and contracts in progress | 3 | €19,976 | €21,518 | +€1,543 | +7.7% |
| Stocks | 30/36 | €19,976 | €21,518 | +€1,543 | +7.7% |
| Amounts receivable within one year | 40/41 | €774 | €1,425 | +€651 | +84.2% |
| Trade receivables | 40 | €774 | €1,425 | +€651 | +84.2% |
| Cash at bank and in hand | 54/58 | €10,834 | €14,881 | +€4,047 | +37.4% |
| Deferred charges and accrued income | 490/1 | €2,116 | €1,002 | -€1,114 | -52.7% |
| Total equity and liabilities | 10/49 | €64,388 | €62,069 | -€2,319 | -3.6% |
| Equity | 10/15 | €5,751 | €7,134 | +€1,382 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,849 | -€11,466 | +€1,382 | +10.8% |
| Amounts payable | 17/49 | €58,637 | €54,935 | -€3,702 | -6.3% |
| Amounts payable after more than one year | 17 | €26,038 | €18,182 | -€7,857 | -30.2% |
| Financial debts | 170/4 | €26,038 | €18,182 | -€7,857 | -30.2% |
| Amounts payable within one year | 42/48 | €32,048 | €36,176 | +€4,128 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €7,538 | €7,857 | +€319 | +4.2% |
| Trade debts | 44 | €8,448 | €2,715 | -€5,733 | -67.9% |
| Suppliers | 440/4 | €8,448 | €2,715 | -€5,733 | -67.9% |
| Taxes, remuneration and social security | 45 | €13,338 | €5,925 | -€7,413 | -55.6% |
| Taxes | 450/3 | €13,338 | €5,925 | -€7,413 | -55.6% |
| Other amounts payable | 47/48 | €2,724 | €19,679 | +€16,955 | +622% |
| Accrued charges and deferred income | 492/3 | €550 | €577 | +€27 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,963 | €7,446 | -€516 | -6.5% |
| Other operating charges | 640/8 | €387 | €584 | +€197 | +50.8% |
| Gross operating margin | 9900 | €15,110 | €12,667 | -€2,443 | -16.2% |
| Operating profit (loss) | 9901 | €6,760 | €4,637 | -€2,123 | -31.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,898 | €2,459 | +€562 | +29.6% |
| Recurring financial charges | 65 | €1,898 | €2,459 | +€562 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €4,862 | €2,178 | -€2,685 | -55.2% |
| Income taxes | 67/77 | €931 | €795 | -€136 | -14.6% |
| Profit (loss) for the period | 9904 | €3,931 | €1,382 | -€2,549 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,931 | €1,382 | -€2,549 | -64.8% |
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.