LE TARTARE: what changed
LE TARTARE
Largest movements
- Receivables within one year +€76,783
up €76,783 (+121,878%), from €63 to €76,846
of which Trade receivables: +€76,846
- Tangible fixed assets +€42,131
up €42,131 (+953%), from €4,422 to €46,553
of which Furniture and vehicles: +€23,248
- Intangible fixed assets -€30,000
down €30,000 (-27.3%), from €109,884 to €79,884
- Stocks and contracts +€15,529
up €15,529 (+135%), from €11,504 to €27,033
- Cash +€10,072
up €10,072 (+61.0%), from €16,524 to €26,596
mainly Trade debts (+€103,243) and Tax, wage and social debts (+€42,604)
- Trade debts +€103,243
up €103,243 (+621%), from €16,616 to €119,859
- Debts after one year -€59,284
down €59,284 (-51.2%), from €115,775 to €56,491
- Tax, wage and social debts +€42,604
up €42,604 (+1,258%), from €3,386 to €45,990
of which Remuneration and social security: +€22,743
- Current portion of long-term debt +€30,400
new in 2025: €30,400
- Other debts -€3,649
down €3,649 (-19.1%), from €19,079 to €15,430
- Staff costs -€168,196
down €168,196 (-48.3%), from €347,935 to €179,739
- Gross operating margin -€144,380
down €144,380 (-41.9%), from €344,870 to €200,490
- Financial income +€26,311
new in 2025: €26,311
- Depreciation -€10,405
down €10,405 (-22.4%), from €46,485 to €36,080
- Financial charges -€5,435
down €5,435 (-44.6%), from €12,198 to €6,763
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,439 | €256,911 | +€114,472 | +80.4% |
| Fixed assets | 21/28 | €114,306 | €126,436 | +€12,130 | +10.6% |
| Intangible fixed assets | 21 | €109,884 | €79,884 | -€30,000 | -27.3% |
| Tangible fixed assets | 22/27 | €4,422 | €46,553 | +€42,131 | +953% |
| Plant, machinery and equipment | 23 | €1,858 | €20,741 | +€18,883 | +1,016% |
| Furniture and vehicles | 24 | €2,564 | €25,812 | +€23,248 | +907% |
| Current assets | 29/58 | €28,133 | €130,475 | +€102,342 | +364% |
| Stocks and contracts in progress | 3 | €11,504 | €27,033 | +€15,529 | +135% |
| Stocks | 30/36 | €11,504 | €27,033 | +€15,529 | +135% |
| Amounts receivable within one year | 40/41 | €63 | €76,846 | +€76,783 | +121,878% |
| Trade receivables | 40 | - | €76,846 | +€76,846 | |
| Other amounts receivable | 41 | €63 | - | -€63 | |
| Cash at bank and in hand | 54/58 | €16,524 | €26,596 | +€10,072 | +61.0% |
| Deferred charges and accrued income | 490/1 | €42 | - | -€42 | |
| Total equity and liabilities | 10/49 | €142,439 | €256,911 | +€114,472 | +80.4% |
| Equity | 10/15 | -€13,711 | -€11,646 | +€2,065 | +15.1% |
| Contributions | 10/11 | €7,900 | €7,900 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,471 | -€28,406 | +€2,065 | +6.8% |
| Amounts payable | 17/49 | €156,150 | €268,557 | +€112,407 | +72.0% |
| Amounts payable after more than one year | 17 | €115,775 | €56,491 | -€59,284 | -51.2% |
| Financial debts | 170/4 | €115,775 | €56,491 | -€59,284 | -51.2% |
| Amounts payable within one year | 42/48 | €39,081 | €212,066 | +€172,985 | +443% |
| Current portion of amounts payable after more than one year | 42 | - | €30,400 | +€30,400 | |
| Financial debts | 43 | - | €387 | +€387 | |
| Credit institutions | 430/8 | - | €387 | +€387 | |
| Trade debts | 44 | €16,616 | €119,859 | +€103,243 | +621% |
| Suppliers | 440/4 | €16,616 | €119,859 | +€103,243 | +621% |
| Taxes, remuneration and social security | 45 | €3,386 | €45,990 | +€42,604 | +1,258% |
| Taxes | 450/3 | - | €19,861 | +€19,861 | |
| Remuneration and social security | 454/9 | €3,386 | €26,129 | +€22,743 | +672% |
| Other amounts payable | 47/48 | €19,079 | €15,430 | -€3,649 | -19.1% |
| Accrued charges and deferred income | 492/3 | €1,294 | - | -€1,294 | |
| Remuneration, social security and pensions | 62 | €347,935 | €179,739 | -€168,196 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,485 | €36,080 | -€10,405 | -22.4% |
| Other operating charges | 640/8 | €6,232 | €2,154 | -€4,078 | -65.4% |
| Gross operating margin | 9900 | €344,870 | €200,490 | -€144,380 | -41.9% |
| Operating profit (loss) | 9901 | -€55,782 | -€17,483 | +€38,299 | +68.7% |
| Financial income | 75/76B | - | €26,311 | +€26,311 | |
| Recurring financial income | 75 | - | €26,311 | +€26,311 | |
| Financial charges | 65/66B | €12,198 | €6,763 | -€5,435 | -44.6% |
| Recurring financial charges | 65 | €12,198 | €6,763 | -€5,435 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€67,980 | €2,064 | +€70,044 | |
| Income taxes | 67/77 | €36 | - | -€36 | |
| Profit (loss) for the period | 9904 | -€68,016 | €2,064 | +€70,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,016 | €2,064 | +€70,080 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.