TACTIC: 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.
TACTIC
Largest movements
- Cash -€56,654
down €56,654 (-39.2%), from €144,590 to €87,936
mainly Receivables within one year (-€43,497) and Deferred charges and accrued income (-€12,908)
- Receivables within one year +€43,497
up €43,497 (+88.3%), from €49,239 to €92,736
- Deferred charges and accrued income +€12,908
up €12,908 (+158%), from €8,171 to €21,079
- Profit (loss) carried forward +€8,604
up €8,604 (+8.7%), from €99,434 to €108,038
- Accrued charges and deferred income -€8,197
down €8,197 (-36.7%), from €22,330 to €14,133
- Trade debts -€2,845
down €2,845 (-36.3%), from €7,832 to €4,987
- Tax, wage and social debts +€2,189
up €2,189 (+59.9%), from €3,654 to €5,843
- Gross operating margin +€459
up €459 (+3.9%), from €11,887 to €12,346
- Taxes +€192
up €192 (+6.8%), from €2,825 to €3,017
- Financial charges +€125
up €125 (+62.5%), from €200 to €325
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 | €202,000 | €201,751 | -€249 | -0.1% |
| Current assets | 29/58 | €202,000 | €201,751 | -€249 | -0.1% |
| Amounts receivable within one year | 40/41 | €49,239 | €92,736 | +€43,497 | +88.3% |
| Trade receivables | 40 | €49,239 | €92,736 | +€43,497 | +88.3% |
| Cash at bank and in hand | 54/58 | €144,590 | €87,936 | -€56,654 | -39.2% |
| Deferred charges and accrued income | 490/1 | €8,171 | €21,079 | +€12,908 | +158% |
| Total equity and liabilities | 10/49 | €202,000 | €201,751 | -€249 | -0.1% |
| Equity | 10/15 | €168,184 | €176,788 | +€8,604 | +5.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,434 | €108,038 | +€8,604 | +8.7% |
| Amounts payable | 17/49 | €33,816 | €24,963 | -€8,853 | -26.2% |
| Amounts payable within one year | 42/48 | €11,486 | €10,830 | -€656 | -5.7% |
| Trade debts | 44 | €7,832 | €4,987 | -€2,845 | -36.3% |
| Suppliers | 440/4 | €7,832 | €4,987 | -€2,845 | -36.3% |
| Taxes, remuneration and social security | 45 | €3,654 | €5,843 | +€2,189 | +59.9% |
| Taxes | 450/3 | €3,654 | €5,843 | +€2,189 | +59.9% |
| Accrued charges and deferred income | 492/3 | €22,330 | €14,133 | -€8,197 | -36.7% |
| Non-recurring operating income | 76A | €131 | - | -€131 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Non-recurring operating charges | 66A | €521 | - | -€521 | |
| Gross operating margin | 9900 | €11,887 | €12,346 | +€459 | +3.9% |
| Operating profit (loss) | 9901 | €10,979 | €11,946 | +€967 | +8.8% |
| Financial charges | 65/66B | €200 | €325 | +€125 | +62.5% |
| Recurring financial charges | 65 | €200 | €325 | +€125 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €10,779 | €11,621 | +€842 | +7.8% |
| Income taxes | 67/77 | €2,825 | €3,017 | +€192 | +6.8% |
| Profit (loss) for the period | 9904 | €7,954 | €8,604 | +€650 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,954 | €8,604 | +€650 | +8.2% |
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 30 October 2026 via checked.be.