TAGETRO: what changed
Two fiscal 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.
TAGETRO
Largest movements
- Cash -€52,270
down €52,270 (-93.9%), from €55,660 to €3,390
mainly Other debts (-€43,106) and Net result for the year (-€11,953)
- Deferred charges and accrued income -€845
no longer reported in 2025 (was €845)
- Other debts -€43,106
down €43,106 (-93.6%), from €46,054 to €2,949
- Profit (loss) carried forward -€11,953
down €11,953 (-11.0%), from -€108,223 to -€120,176
- Trade debts +€2,010
up €2,010, from €0 to €2,010
- Gross operating margin +€22,065
up €22,065 (+66.6%), from -€33,132 to -€11,066
- Staff costs -€1,964
no longer reported in 2025 (was €1,964)
- Other operating charges -€416
down €416 (-51.0%), from €816 to €400
- Depreciation -€370
down €370 (-88.5%), from €419 to €48
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.
Cash bridge derived
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 | €74,389 | €21,116 | -€53,273 | -71.6% |
| Fixed assets | 21/28 | €17,598 | €17,550 | -€48 | -0.3% |
| Tangible fixed assets | 22/27 | €48 | - | -€48 | |
| Furniture and vehicles | 24 | €48 | - | -€48 | |
| Financial fixed assets | 28 | €17,550 | €17,550 | = | 0.0% |
| Current assets | 29/58 | €56,791 | €3,566 | -€53,225 | -93.7% |
| Amounts receivable within one year | 40/41 | €285 | €176 | -€109 | -38.2% |
| Other amounts receivable | 41 | €285 | €176 | -€109 | -38.2% |
| Cash at bank and in hand | 54/58 | €55,660 | €3,390 | -€52,270 | -93.9% |
| Deferred charges and accrued income | 490/1 | €845 | - | -€845 | |
| Total equity and liabilities | 10/49 | €74,389 | €21,116 | -€53,273 | -71.6% |
| Equity | 10/15 | €28,111 | €16,158 | -€11,953 | -42.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,134 | €130,134 | = | 0.0% |
| Distributable reserves | 133 | €130,134 | €130,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,223 | -€120,176 | -€11,953 | -11.0% |
| Amounts payable | 17/49 | €46,278 | €4,958 | -€41,319 | -89.3% |
| Amounts payable within one year | 42/48 | €46,278 | €4,958 | -€41,319 | -89.3% |
| Trade debts | 44 | €0 | €2,010 | +€2,010 | |
| Suppliers | 440/4 | €0 | €2,010 | +€2,010 | |
| Taxes, remuneration and social security | 45 | €223 | - | -€223 | |
| Taxes | 450/3 | €223 | - | -€223 | |
| Other amounts payable | 47/48 | €46,054 | €2,949 | -€43,106 | -93.6% |
| Non-recurring operating income | 76A | €8,800 | - | -€8,800 | |
| Remuneration, social security and pensions | 62 | €1,964 | - | -€1,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €48 | -€370 | -88.5% |
| Other operating charges | 640/8 | €816 | €400 | -€416 | -51.0% |
| Gross operating margin | 9900 | -€33,132 | -€11,066 | +€22,065 | +66.6% |
| Operating profit (loss) | 9901 | -€36,330 | -€11,514 | +€24,816 | +68.3% |
| Financial income | 75/76B | €202 | €478 | +€276 | +136.6% |
| Recurring financial income | 75 | €202 | €478 | +€276 | +136.6% |
| Financial charges | 65/66B | €452 | €780 | +€328 | +72.7% |
| Recurring financial charges | 65 | €452 | €780 | +€328 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,580 | -€11,817 | +€24,763 | +67.7% |
| Income taxes | 67/77 | €271 | €137 | -€134 | -49.6% |
| Profit (loss) for the period | 9904 | -€36,851 | -€11,953 | +€24,898 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,851 | -€11,953 | +€24,898 | +67.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.