TAXEO: 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.
TAXEO
Largest movements
- Cash +€35,344
up €35,344 (+236.1%), from €14,972 to €50,316
mainly Net result for the year (+€46,359) and Tax, wage and social debts (+€14,362)
- Current investments +€19,500
up €19,500 (+79.6%), from €24,500 to €44,000
- Tangible fixed assets -€5,868
down €5,868 (-14.9%), from €39,377 to €33,510
of which Furniture and vehicles: -€5,868
- Receivables within one year -€5,365
down €5,365 (-16.6%), from €32,352 to €26,987
of which Other amounts receivable: -€16,841
- Deferred charges and accrued income -€1,913
no longer reported in 2025 (was €1,913)
- Reserves +€25,188
up €25,188 (+44.9%), from €56,090 to €81,278
- Tax, wage and social debts +€14,362
up €14,362 (+453.4%), from €3,168 to €17,530
of which Taxes: +€17,362
- Other debts +€9,735
up €9,735 (+56.1%), from €17,366 to €27,101
- Debts after one year -€7,334
down €7,334 (-31.9%), from €22,970 to €15,636
- Gross operating margin +€57,570
up €57,570 (+273.3%), from €21,068 to €78,638
- Taxes +€12,944
up €12,944 (+176.7%), from €7,327 to €20,271
- Depreciation +€7,391
up €7,391 (+1696.6%), from €436 to €7,827
- Other operating charges +€2,652
up €2,652 (+329.7%), from €804 to €3,457
- Financial charges +€864
up €864 (+204.5%), from €423 to €1,287
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.
Cash bridge derived
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 | €114,865 | €156,563 | +€41,698 | +36.3% |
| Fixed assets | 21/28 | €41,127 | €35,260 | -€5,868 | -14.3% |
| Tangible fixed assets | 22/27 | €39,377 | €33,510 | -€5,868 | -14.9% |
| Furniture and vehicles | 24 | €36,077 | €30,210 | -€5,868 | -16.3% |
| Other tangible fixed assets | 26 | €3,300 | €3,300 | = | 0.0% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €73,737 | €121,303 | +€47,566 | +64.5% |
| Amounts receivable within one year | 40/41 | €32,352 | €26,987 | -€5,365 | -16.6% |
| Trade receivables | 40 | €15,376 | €26,852 | +€11,476 | +74.6% |
| Other amounts receivable | 41 | €16,976 | €136 | -€16,841 | -99.2% |
| Current investments | 50/53 | €24,500 | €44,000 | +€19,500 | +79.6% |
| Cash at bank and in hand | 54/58 | €14,972 | €50,316 | +€35,344 | +236.1% |
| Deferred charges and accrued income | 490/1 | €1,913 | - | -€1,913 | |
| Total equity and liabilities | 10/49 | €114,865 | €156,563 | +€41,698 | +36.3% |
| Equity | 10/15 | €63,090 | €88,278 | +€25,188 | +39.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €56,090 | €81,278 | +€25,188 | +44.9% |
| Distributable reserves | 133 | €56,090 | €81,278 | +€25,188 | +44.9% |
| Amounts payable | 17/49 | €51,775 | €68,284 | +€16,510 | +31.9% |
| Amounts payable after more than one year | 17 | €22,970 | €15,636 | -€7,334 | -31.9% |
| Financial debts | 170/4 | €22,970 | €15,636 | -€7,334 | -31.9% |
| Amounts payable within one year | 42/48 | €28,805 | €52,648 | +€23,844 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €7,030 | €7,334 | +€305 | +4.3% |
| Trade debts | 44 | €1,241 | €683 | -€558 | -45.0% |
| Suppliers | 440/4 | €1,241 | €683 | -€558 | -45.0% |
| Taxes, remuneration and social security | 45 | €3,168 | €17,530 | +€14,362 | +453.4% |
| Taxes | 450/3 | €168 | €17,530 | +€17,362 | +10349.5% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €17,366 | €27,101 | +€9,735 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €7,827 | +€7,391 | +1696.6% |
| Other operating charges | 640/8 | €804 | €3,457 | +€2,652 | +329.7% |
| Gross operating margin | 9900 | €21,068 | €78,638 | +€57,570 | +273.3% |
| Operating profit (loss) | 9901 | €19,828 | €67,355 | +€47,526 | +239.7% |
| Financial income | 75/76B | €841 | €563 | -€278 | -33.1% |
| Recurring financial income | 75 | €841 | €563 | -€278 | -33.1% |
| Financial charges | 65/66B | €423 | €1,287 | +€864 | +204.5% |
| Recurring financial charges | 65 | €423 | €1,287 | +€864 | +204.5% |
| Profit (loss) for the period before taxes | 9903 | €20,246 | €66,631 | +€46,384 | +229.1% |
| Income taxes | 67/77 | €7,327 | €20,271 | +€12,944 | +176.7% |
| Profit (loss) for the period | 9904 | €12,919 | €46,359 | +€33,440 | +258.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,919 | €46,359 | +€33,440 | +258.8% |
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 10 October 2026 via checked.be.