THE TAMARISK: 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.
THE TAMARISK
Largest movements
- Cash +€10,147
up €10,147 (+76.1%), from €13,339 to €23,486
mainly Other debts (+€9,860) and Depreciation (+€3,866)
- Tangible fixed assets -€3,866
down €3,866 (-26.8%), from €14,417 to €10,551
of which Plant, machinery and equipment: -€3,654
- Stocks and contracts -€3,230
down €3,230 (-34.8%), from €9,270 to €6,040
- Receivables within one year -€1,341
down €1,341 (-16.1%), from €8,348 to €7,007
- Deferred charges and accrued income -€786
down €786 (-38.6%), from €2,035 to €1,249
- Contributions -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Other debts +€9,860
up €9,860 (+250%), from €3,946 to €13,806
- Trade debts -€4,619
down €4,619 (-94.5%), from €4,886 to €267
- Accrued charges and deferred income +€2,391
new in 2025: €2,391
- Reserves +€2,327
up €2,327 (+40.3%), from €5,780 to €8,107
- Other operating charges +€9,880
up €9,880 (+310%), from €3,182 to €13,062
- Gross operating margin -€4,066
down €4,066 (-16.7%), from €24,376 to €20,311
- Taxes +€353
up €353 (+41.2%), from €858 to €1,212
- Depreciation +€271
up €271 (+7.5%), from €3,595 to €3,866
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 | €47,408 | €48,332 | +€925 | +2.0% |
| Fixed assets | 21/28 | €14,417 | €10,551 | -€3,866 | -26.8% |
| Tangible fixed assets | 22/27 | €14,417 | €10,551 | -€3,866 | -26.8% |
| Plant, machinery and equipment | 23 | €13,967 | €10,313 | -€3,654 | -26.2% |
| Furniture and vehicles | 24 | €449 | €238 | -€212 | -47.2% |
| Current assets | 29/58 | €32,991 | €37,781 | +€4,790 | +14.5% |
| Stocks and contracts in progress | 3 | €9,270 | €6,040 | -€3,230 | -34.8% |
| Stocks | 30/36 | €9,270 | €6,040 | -€3,230 | -34.8% |
| Amounts receivable within one year | 40/41 | €8,348 | €7,007 | -€1,341 | -16.1% |
| Other amounts receivable | 41 | €8,348 | €7,007 | -€1,341 | -16.1% |
| Cash at bank and in hand | 54/58 | €13,339 | €23,486 | +€10,147 | +76.1% |
| Deferred charges and accrued income | 490/1 | €2,035 | €1,249 | -€786 | -38.6% |
| Total equity and liabilities | 10/49 | €47,408 | €48,332 | +€925 | +2.0% |
| Equity | 10/15 | €35,780 | €28,107 | -€7,673 | -21.4% |
| Contributions | 10/11 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Reserves | 13 | €5,780 | €8,107 | +€2,327 | +40.3% |
| Distributable reserves | 133 | €5,780 | €8,107 | +€2,327 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,628 | €20,225 | +€8,598 | +73.9% |
| Amounts payable within one year | 42/48 | €11,628 | €17,834 | +€6,206 | +53.4% |
| Trade debts | 44 | €4,886 | €267 | -€4,619 | -94.5% |
| Suppliers | 440/4 | €4,886 | €267 | -€4,619 | -94.5% |
| Taxes, remuneration and social security | 45 | €2,796 | €3,762 | +€966 | +34.6% |
| Taxes | 450/3 | €2,796 | €3,762 | +€966 | +34.6% |
| Other amounts payable | 47/48 | €3,946 | €13,806 | +€9,860 | +250% |
| Accrued charges and deferred income | 492/3 | - | €2,391 | +€2,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,595 | €3,866 | +€271 | +7.5% |
| Other operating charges | 640/8 | €3,182 | €13,062 | +€9,880 | +310% |
| Gross operating margin | 9900 | €24,376 | €20,311 | -€4,066 | -16.7% |
| Operating profit (loss) | 9901 | €17,599 | €3,383 | -€14,217 | -80.8% |
| Financial income | 75/76B | €288 | €240 | -€48 | -16.7% |
| Recurring financial income | 75 | €288 | €240 | -€48 | -16.7% |
| Financial charges | 65/66B | €160 | €84 | -€76 | -47.5% |
| Recurring financial charges | 65 | €160 | €84 | -€76 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €17,727 | €3,539 | -€14,189 | -80.0% |
| Income taxes | 67/77 | €858 | €1,212 | +€353 | +41.2% |
| Profit (loss) for the period | 9904 | €16,869 | €2,327 | -€14,542 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,869 | €2,327 | -€14,542 | -86.2% |
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.