taai projects: 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.
taai projects
Largest movements
- Cash +€65,534
up €65,534 (+71.0%), from €92,356 to €157,890
mainly Net result for the year (+€65,031) and Tax, wage and social debts (+€15,673)
- Tangible fixed assets -€12,089
down €12,089 (-17.7%), from €68,316 to €56,227
of which Furniture and vehicles: -€9,871
- Reserves +€65,031
up €65,031 (+112%), from €58,072 to €123,103
- Other debts -€19,400
down €19,400 (-44.2%), from €43,848 to €24,448
- Tax, wage and social debts +€15,673
up €15,673 (+63.2%), from €24,803 to €40,476
- Debts after one year -€10,948
down €10,948 (-31.1%), from €35,172 to €24,224
- Gross operating margin +€9,273
up €9,273 (+10.1%), from €91,476 to €100,749
- Depreciation +€1,254
up €1,254 (+9.1%), from €13,795 to €15,049
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 | €176,039 | €228,202 | +€52,164 | +29.6% |
| Formation expenses | 20 | €59 | €0 | -€59 | -100% |
| Fixed assets | 21/28 | €68,316 | €56,227 | -€12,089 | -17.7% |
| Tangible fixed assets | 22/27 | €68,316 | €56,227 | -€12,089 | -17.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €922 | €413 | -€508 | -55.2% |
| Furniture and vehicles | 24 | €50,567 | €40,696 | -€9,871 | -19.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €16,827 | €15,117 | -€1,710 | -10.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €107,664 | €171,976 | +€64,312 | +59.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,097 | €13,371 | -€1,726 | -11.4% |
| Trade receivables | 40 | €15,097 | €13,371 | -€1,726 | -11.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €92,356 | €157,890 | +€65,534 | +71.0% |
| Deferred charges and accrued income | 490/1 | €211 | €716 | +€504 | +239% |
| Total equity and liabilities | 10/49 | €176,039 | €228,202 | +€52,164 | +29.6% |
| Equity | 10/15 | €59,072 | €124,103 | +€65,031 | +110% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,072 | €123,103 | +€65,031 | +112% |
| Distributable reserves | 133 | €58,072 | €123,103 | +€65,031 | +112% |
| Amounts payable | 17/49 | €116,967 | €104,100 | -€12,867 | -11.0% |
| Amounts payable after more than one year | 17 | €35,172 | €24,224 | -€10,948 | -31.1% |
| Financial debts | 170/4 | €35,172 | €24,224 | -€10,948 | -31.1% |
| Amounts payable within one year | 42/48 | €80,243 | €77,458 | -€2,784 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,530 | €10,948 | +€418 | +4.0% |
| Trade debts | 44 | €1,063 | €1,587 | +€524 | +49.3% |
| Suppliers | 440/4 | €1,063 | €1,587 | +€524 | +49.3% |
| Taxes, remuneration and social security | 45 | €24,803 | €40,476 | +€15,673 | +63.2% |
| Taxes | 450/3 | €24,803 | €40,476 | +€15,673 | +63.2% |
| Other amounts payable | 47/48 | €43,848 | €24,448 | -€19,400 | -44.2% |
| Accrued charges and deferred income | 492/3 | €1,552 | €2,418 | +€865 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,795 | €15,049 | +€1,254 | +9.1% |
| Other operating charges | 640/8 | €30 | €66 | +€36 | +119% |
| Gross operating margin | 9900 | €91,476 | €100,749 | +€9,273 | +10.1% |
| Operating profit (loss) | 9901 | €77,651 | €85,634 | +€7,983 | +10.3% |
| Financial charges | 65/66B | €3,579 | €4,067 | +€488 | +13.6% |
| Recurring financial charges | 65 | €3,579 | €4,067 | +€488 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €74,072 | €81,567 | +€7,496 | +10.1% |
| Income taxes | 67/77 | €16,000 | €16,537 | +€537 | +3.4% |
| Profit (loss) for the period | 9904 | €58,072 | €65,031 | +€6,959 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,072 | €65,031 | +€6,959 | +12.0% |
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 26 October 2026 via checked.be.