TB TAX: what changed
Two fiscal 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.
TB TAX
Largest movements
- Cash -€653,741
down €653,741 (-49.0%), from €1.3m to €679,576
mainly Other debts (-€811,441) and Contributions, distributions and other (-€381,200)
- Current investments -€86,615
down €86,615 (-19.7%), from €438,918 to €352,303
- Receivables within one year -€82,517
down €82,517 (-47.1%), from €175,321 to €92,803
of which Trade receivables: -€62,489
- Other debts -€811,441
down €811,441 (-52.3%), from €1.6m to €738,907
- Gross operating margin +€69,092
up €69,092 (+11.9%), from €582,459 to €651,552
- Taxes +€20,939
up €20,939 (+14.8%), from €141,458 to €162,397
- Financial income +€14,257
up €14,257 (+215.7%), from €6,610 to €20,867
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,964,079 | €1,140,596 | -€823,483 | -41.9% |
| Fixed assets | 21/28 | €15,959 | €15,339 | -€620 | -3.9% |
| Tangible fixed assets | 22/27 | €14,109 | €13,489 | -€620 | -4.4% |
| Furniture and vehicles | 24 | €1,371 | €751 | -€620 | -45.2% |
| Other tangible fixed assets | 26 | €12,738 | €12,738 | = | 0.0% |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €1,948,120 | €1,125,257 | -€822,863 | -42.2% |
| Amounts receivable within one year | 40/41 | €175,321 | €92,803 | -€82,517 | -47.1% |
| Trade receivables | 40 | €133,931 | €71,442 | -€62,489 | -46.7% |
| Other amounts receivable | 41 | €41,389 | €21,361 | -€20,028 | -48.4% |
| Current investments | 50/53 | €438,918 | €352,303 | -€86,615 | -19.7% |
| Cash at bank and in hand | 54/58 | €1,333,317 | €679,576 | -€653,741 | -49.0% |
| Deferred charges and accrued income | 490/1 | €565 | €575 | +€10 | +1.7% |
| Total equity and liabilities | 10/49 | €1,964,079 | €1,140,596 | -€823,483 | -41.9% |
| Equity | 10/15 | €399,727 | €399,949 | +€222 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,760 | €380,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €378,900 | €378,900 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €367 | €589 | +€222 | +60.6% |
| Amounts payable | 17/49 | €1,564,352 | €740,647 | -€823,706 | -52.7% |
| Amounts payable within one year | 42/48 | €1,564,352 | €740,647 | -€823,706 | -52.7% |
| Trade debts | 44 | €1,037 | €390 | -€647 | -62.4% |
| Suppliers | 440/4 | €1,037 | €390 | -€647 | -62.4% |
| Taxes, remuneration and social security | 45 | €12,967 | €1,350 | -€11,617 | -89.6% |
| Taxes | 450/3 | €12,967 | €1,350 | -€11,617 | -89.6% |
| Other amounts payable | 47/48 | €1,550,348 | €738,907 | -€811,441 | -52.3% |
| Non-recurring operating income | 76A | €4,023 | €0 | -€4,023 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,885 | €620 | -€2,265 | -78.5% |
| Other operating charges | 640/8 | €1,661 | €1,144 | -€517 | -31.1% |
| Gross operating margin | 9900 | €582,459 | €651,552 | +€69,092 | +11.9% |
| Operating profit (loss) | 9901 | €577,914 | €649,787 | +€71,873 | +12.4% |
| Financial income | 75/76B | €6,610 | €20,867 | +€14,257 | +215.7% |
| Recurring financial income | 75 | €6,610 | €20,867 | +€14,257 | +215.7% |
| Financial charges | 65/66B | €419 | €535 | +€116 | +27.7% |
| Recurring financial charges | 65 | €419 | €535 | +€116 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €584,106 | €670,120 | +€86,014 | +14.7% |
| Transfer to deferred taxes | 680 | €126,300 | €126,300 | = | 0.0% |
| Income taxes | 67/77 | €141,458 | €162,397 | +€20,939 | +14.8% |
| Profit (loss) for the period | 9904 | €316,347 | €381,422 | +€65,075 | +20.6% |
| Transfer from tax-exempt reserves | 789 | €233,100 | €126,300 | -€106,800 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €549,447 | €507,722 | -€41,725 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.