TAERU MANAGEMENT: 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.
TAERU MANAGEMENT
Largest movements
- Current investments +€66,000
up €66,000 (+1,650%), from €4,000 to €70,000
- Reserves +€56,439
up €56,439 (+872%), from €6,473 to €62,912
- Trade debts +€7,765
up €7,765 (+251%), from €3,099 to €10,864
- Other debts +€5,714
up €5,714 (+114%), from €4,993 to €10,707
- Tax, wage and social debts -€4,182
down €4,182 (-17.1%), from €24,521 to €20,340
- Gross operating margin +€69,703
up €69,703 (+675%), from €10,321 to €80,024
- Taxes +€19,522
up €19,522 (+778%), from €2,509 to €22,030
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 | €44,172 | €110,331 | +€66,159 | +150% |
| Fixed assets | 21/28 | €2,907 | €2,320 | -€586 | -20.2% |
| Tangible fixed assets | 22/27 | €2,907 | €2,320 | -€586 | -20.2% |
| Land and buildings | 22 | €2,907 | €2,320 | -€586 | -20.2% |
| Current assets | 29/58 | €41,265 | €108,011 | +€66,745 | +162% |
| Amounts receivable within one year | 40/41 | €30,624 | €30,445 | -€179 | -0.6% |
| Trade receivables | 40 | €30,624 | €30,445 | -€179 | -0.6% |
| Current investments | 50/53 | €4,000 | €70,000 | +€66,000 | +1,650% |
| Cash at bank and in hand | 54/58 | €3,210 | €3,959 | +€749 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,431 | €3,606 | +€175 | +5.1% |
| Total equity and liabilities | 10/49 | €44,172 | €110,331 | +€66,159 | +150% |
| Equity | 10/15 | €11,473 | €67,912 | +€56,439 | +492% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,473 | €62,912 | +€56,439 | +872% |
| Distributable reserves | 133 | €6,473 | €62,912 | +€56,439 | +872% |
| Amounts payable | 17/49 | €32,699 | €42,419 | +€9,720 | +29.7% |
| Amounts payable within one year | 42/48 | €32,613 | €41,911 | +€9,297 | +28.5% |
| Trade debts | 44 | €3,099 | €10,864 | +€7,765 | +251% |
| Suppliers | 440/4 | €3,099 | €10,864 | +€7,765 | +251% |
| Taxes, remuneration and social security | 45 | €24,521 | €20,340 | -€4,182 | -17.1% |
| Taxes | 450/3 | €24,521 | €20,340 | -€4,182 | -17.1% |
| Other amounts payable | 47/48 | €4,993 | €10,707 | +€5,714 | +114% |
| Accrued charges and deferred income | 492/3 | €86 | €509 | +€422 | +490% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | €586 | +€561 | +2,225% |
| Other operating charges | 640/8 | €50 | €107 | +€57 | +114% |
| Gross operating margin | 9900 | €10,321 | €80,024 | +€69,703 | +675% |
| Operating profit (loss) | 9901 | €10,245 | €79,330 | +€69,085 | +674% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,264 | €863 | -€401 | -31.7% |
| Recurring financial charges | 65 | €1,264 | €863 | -€401 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €8,981 | €78,469 | +€69,488 | +774% |
| Income taxes | 67/77 | €2,509 | €22,030 | +€19,522 | +778% |
| Profit (loss) for the period | 9904 | €6,473 | €56,439 | +€49,967 | +772% |
| Profit (loss) for the period to be appropriated | 9905 | €6,473 | €56,439 | +€49,967 | +772% |
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 18 October 2026 via checked.be.