TARA 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.
TARA MANAGEMENT
Largest movements
- Tangible fixed assets -€29,580
down €29,580 (-3.3%), from €903,048 to €873,468
of which Land and buildings: -€28,772
- Cash +€12,600
up €12,600 (+58.8%), from €21,432 to €34,031
mainly Debts after one year (+€170,179) and Depreciation (+€29,580)
- Debts after one year +€170,179
up €170,179 (+46.0%), from €369,821 to €540,000
of which Other amounts payable: +€540,000
- Reserves -€100,724
down €100,724 (-33.6%), from €300,197 to €199,473
of which Distributable reserves: -€100,724
- Current portion of long-term debt -€67,849
down €67,849 (-100%), from €67,849 to €0
- Tax, wage and social debts -€19,871
down €19,871 (-92.9%), from €21,390 to €1,519
of which Taxes: -€19,871
- Gross operating margin -€268,631
down €268,631, from €211,092 to -€57,539
- Staff costs -€55,228
down €55,228 (-100%), from €55,228 to €0
- Taxes -€24,444
down €24,444 (-98.6%), from €24,785 to €340
- Other operating charges -€2,611
down €2,611 (-50.5%), from €5,170 to €2,559
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 | €924,479 | €907,499 | -€16,980 | -1.8% |
| Fixed assets | 21/28 | €903,048 | €873,468 | -€29,580 | -3.3% |
| Tangible fixed assets | 22/27 | €903,048 | €873,468 | -€29,580 | -3.3% |
| Land and buildings | 22 | €900,893 | €872,121 | -€28,772 | -3.2% |
| Furniture and vehicles | 24 | €2,155 | €1,347 | -€808 | -37.5% |
| Current assets | 29/58 | €21,432 | €34,031 | +€12,600 | +58.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,432 | €34,031 | +€12,600 | +58.8% |
| Total equity and liabilities | 10/49 | €924,479 | €907,499 | -€16,980 | -1.8% |
| Equity | 10/15 | €362,197 | €261,473 | -€100,724 | -27.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €300,197 | €199,473 | -€100,724 | -33.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,058 | €1,058 | = | 0.0% |
| Distributable reserves | 133 | €292,940 | €192,216 | -€100,724 | -34.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €562,282 | €646,026 | +€83,744 | +14.9% |
| Amounts payable after more than one year | 17 | €369,821 | €540,000 | +€170,179 | +46.0% |
| Financial debts | 170/4 | €369,821 | €0 | -€369,821 | -100% |
| Other amounts payable | 178/9 | - | €540,000 | +€540,000 | |
| Amounts payable within one year | 42/48 | €192,084 | €105,726 | -€86,358 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €67,849 | €0 | -€67,849 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,362 | €3,208 | -€2,154 | -40.2% |
| Suppliers | 440/4 | €5,362 | €3,208 | -€2,154 | -40.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,390 | €1,519 | -€19,871 | -92.9% |
| Taxes | 450/3 | €21,390 | €1,519 | -€19,871 | -92.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €97,483 | €100,999 | +€3,516 | +3.6% |
| Accrued charges and deferred income | 492/3 | €377 | €300 | -€77 | -20.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,228 | €0 | -€55,228 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,038 | €29,580 | -€458 | -1.5% |
| Other operating charges | 640/8 | €5,170 | €2,559 | -€2,611 | -50.5% |
| Non-recurring operating charges | 66A | €3,479 | €2,730 | -€749 | -21.5% |
| Gross operating margin | 9900 | €211,092 | -€57,539 | -€268,631 | |
| Operating profit (loss) | 9901 | €117,178 | -€92,408 | -€209,586 | |
| Financial charges | 65/66B | €8,186 | €7,976 | -€210 | -2.6% |
| Recurring financial charges | 65 | €8,186 | €7,976 | -€210 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €108,992 | -€100,384 | -€209,376 | |
| Income taxes | 67/77 | €24,785 | €340 | -€24,444 | -98.6% |
| Profit (loss) for the period | 9904 | €84,207 | -€100,724 | -€184,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,207 | -€100,724 | -€184,931 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.