TaxTeam: 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.
TaxTeam
Largest movements
- Deferred charges and accrued income +€82,888
up €82,888 (+202%), from €40,985 to €123,873
- Receivables within one year -€68,671
down €68,671 (-53.8%), from €127,615 to €58,944
of which Other amounts receivable: -€68,322
- Current investments +€18,400
new in 2025: €18,400
- Cash +€18,253
up €18,253 (+6.5%), from €281,872 to €300,125
mainly Net result for the year (+€101,064) and Receivables within one year (+€68,671)
- Debts after one year +€32,428
up €32,428, from €0 to €32,428
- Tax, wage and social debts -€26,706
down €26,706 (-28.3%), from €94,337 to €67,630
of which Remuneration and social security: -€19,506
- Trade debts +€24,095
up €24,095 (+135%), from €17,804 to €41,899
- Profit (loss) carried forward +€22,067
up €22,067 (+9.3%), from €236,990 to €259,057
- Other debts -€6,862
down €6,862 (-38.0%), from €18,046 to €11,183
- Gross operating margin -€111,945
down €111,945 (-16.4%), from €681,606 to €569,661
- Staff costs -€96,159
down €96,159 (-20.5%), from €468,118 to €371,959
- Financial charges +€18,717
up €18,717 (+326%), from €5,740 to €24,457
- Depreciation -€11,333
down €11,333 (-38.9%), from €29,106 to €17,772
- Taxes -€10,460
down €10,460 (-19.7%), from €53,002 to €42,542
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 | €505,187 | €547,210 | +€42,023 | +8.3% |
| Fixed assets | 21/28 | €54,715 | €45,867 | -€8,848 | -16.2% |
| Intangible fixed assets | 21 | €4,564 | €3,564 | -€1,000 | -21.9% |
| Tangible fixed assets | 22/27 | €44,751 | €42,303 | -€2,448 | -5.5% |
| Plant, machinery and equipment | 23 | €22,336 | €23,818 | +€1,482 | +6.6% |
| Furniture and vehicles | 24 | €22,415 | €18,485 | -€3,929 | -17.5% |
| Financial fixed assets | 28 | €5,400 | €0 | -€5,400 | -100% |
| Current assets | 29/58 | €450,472 | €501,343 | +€50,870 | +11.3% |
| Amounts receivable within one year | 40/41 | €127,615 | €58,944 | -€68,671 | -53.8% |
| Trade receivables | 40 | €57,452 | €57,103 | -€349 | -0.6% |
| Other amounts receivable | 41 | €70,163 | €1,841 | -€68,322 | -97.4% |
| Current investments | 50/53 | - | €18,400 | +€18,400 | |
| Cash at bank and in hand | 54/58 | €281,872 | €300,125 | +€18,253 | +6.5% |
| Deferred charges and accrued income | 490/1 | €40,985 | €123,873 | +€82,888 | +202% |
| Total equity and liabilities | 10/49 | €505,187 | €547,210 | +€42,023 | +8.3% |
| Equity | 10/15 | €339,740 | €361,807 | +€22,067 | +6.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €84,200 | €84,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,990 | €259,057 | +€22,067 | +9.3% |
| Amounts payable | 17/49 | €165,448 | €185,403 | +€19,955 | +12.1% |
| Amounts payable after more than one year | 17 | €0 | €32,428 | +€32,428 | |
| Financial debts | 170/4 | €0 | €32,428 | +€32,428 | |
| Amounts payable within one year | 42/48 | €165,448 | €152,350 | -€13,097 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €22,620 | €24,597 | +€1,977 | +8.7% |
| Financial debts | 43 | €12,642 | €7,041 | -€5,601 | -44.3% |
| Credit institutions | 430/8 | €12,642 | €7,041 | -€5,601 | -44.3% |
| Trade debts | 44 | €17,804 | €41,899 | +€24,095 | +135% |
| Suppliers | 440/4 | €17,804 | €41,899 | +€24,095 | +135% |
| Taxes, remuneration and social security | 45 | €94,337 | €67,630 | -€26,706 | -28.3% |
| Taxes | 450/3 | €48,180 | €40,980 | -€7,200 | -14.9% |
| Remuneration and social security | 454/9 | €46,156 | €26,650 | -€19,506 | -42.3% |
| Other amounts payable | 47/48 | €18,046 | €11,183 | -€6,862 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Non-recurring operating income | 76A | €2,411 | €12,105 | +€9,694 | +402% |
| Remuneration, social security and pensions | 62 | €468,118 | €371,959 | -€96,159 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,106 | €17,772 | -€11,333 | -38.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,984 | +€9,984 | |
| Other operating charges | 640/8 | €723 | €2,632 | +€1,908 | +264% |
| Non-recurring operating charges | 66A | - | €496 | +€496 | |
| Gross operating margin | 9900 | €681,606 | €569,661 | -€111,945 | -16.4% |
| Operating profit (loss) | 9901 | €183,659 | €166,819 | -€16,841 | -9.2% |
| Financial income | 75/76B | €0 | €1,244 | +€1,244 | +540,765% |
| Recurring financial income | 75 | €0 | €1,244 | +€1,244 | +540,765% |
| Financial charges | 65/66B | €5,740 | €24,457 | +€18,717 | +326% |
| Recurring financial charges | 65 | €5,740 | €24,457 | +€18,717 | +326% |
| Profit (loss) for the period before taxes | 9903 | €177,920 | €143,606 | -€34,314 | -19.3% |
| Income taxes | 67/77 | €53,002 | €42,542 | -€10,460 | -19.7% |
| Profit (loss) for the period | 9904 | €124,918 | €101,064 | -€23,854 | -19.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €82,818 | €101,064 | +€18,246 | +22.0% |
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 25 October 2026 via checked.be.