TAGLIARINI ETOILE: 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.
TAGLIARINI ETOILE
Largest movements
- Stocks and contracts -€93,565
down €93,565 (-23.6%), from €396,329 to €302,764
- Cash +€77,581
up €77,581 (+55.8%), from €139,098 to €216,679
mainly Stocks and contracts (+€93,565) and Net result for the year (+€57,453)
- Receivables within one year -€56,677
down €56,677 (-22.4%), from €253,450 to €196,773
of which Other amounts receivable: -€67,921
- Tangible fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€100,239
down €100,239 (-13.7%), from €730,239 to €630,000
- Profit (loss) carried forward +€57,453
up €57,453 (+51.9%), from -€110,613 to -€53,160
- Trade debts -€39,257
down €39,257 (-55.8%), from €70,329 to €31,072
- Gross operating margin +€45,377
up €45,377 (+284%), from €15,979 to €61,356
- Depreciation -€10,000
no longer reported in 2025 (was €10,000)
- Other operating charges -€3,045
down €3,045 (-46.8%), from €6,507 to €3,462
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 | €799,955 | €717,912 | -€82,043 | -10.3% |
| Fixed assets | 21/28 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €10,000 | - | -€10,000 | |
| Furniture and vehicles | 24 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €789,955 | €717,912 | -€72,043 | -9.1% |
| Stocks and contracts in progress | 3 | €396,329 | €302,764 | -€93,565 | -23.6% |
| Stocks | 30/36 | €396,329 | €302,764 | -€93,565 | -23.6% |
| Amounts receivable within one year | 40/41 | €253,450 | €196,773 | -€56,677 | -22.4% |
| Trade receivables | 40 | €71,500 | €82,744 | +€11,244 | +15.7% |
| Other amounts receivable | 41 | €181,950 | €114,029 | -€67,921 | -37.3% |
| Cash at bank and in hand | 54/58 | €139,098 | €216,679 | +€77,581 | +55.8% |
| Deferred charges and accrued income | 490/1 | €1,078 | €1,696 | +€618 | +57.3% |
| Total equity and liabilities | 10/49 | €799,955 | €717,912 | -€82,043 | -10.3% |
| Equity | 10/15 | -€613 | €56,840 | +€57,453 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,613 | -€53,160 | +€57,453 | +51.9% |
| Amounts payable | 17/49 | €800,568 | €661,072 | -€139,496 | -17.4% |
| Amounts payable within one year | 42/48 | €800,568 | €661,072 | -€139,496 | -17.4% |
| Trade debts | 44 | €70,329 | €31,072 | -€39,257 | -55.8% |
| Suppliers | 440/4 | €70,329 | €31,072 | -€39,257 | -55.8% |
| Other amounts payable | 47/48 | €730,239 | €630,000 | -€100,239 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €6,507 | €3,462 | -€3,045 | -46.8% |
| Gross operating margin | 9900 | €15,979 | €61,356 | +€45,377 | +284% |
| Operating profit (loss) | 9901 | -€528 | €57,894 | +€58,422 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €451 | €441 | -€10 | -2.2% |
| Recurring financial charges | 65 | €451 | €441 | -€10 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€975 | €57,453 | +€58,428 | |
| Profit (loss) for the period | 9904 | -€975 | €57,453 | +€58,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€975 | €57,453 | +€58,428 |
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 23 October 2026 via checked.be.