Tara Mazaheri: 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 Mazaheri
Largest movements
- Receivables within one year -€8,385
down €8,385 (-86.4%), from €9,702 to €1,317
of which Trade receivables: -€8,049
- Cash +€7,655
up €7,655 (+49.1%), from €15,589 to €23,244
mainly Receivables within one year (+€8,385) and Investment in fixed assets (net) (+€3,019)
- Tangible fixed assets -€5,393
down €5,393 (-43.0%), from €12,533 to €7,139
of which Furniture and vehicles: -€5,119
- Profit (loss) carried forward -€33,636
down €33,636 (-100%), from €33,636 to €0
- Reserves +€23,825
new in 2025: €23,825
- Trade debts +€2,217
up €2,217 (+134%), from €1,649 to €3,865
- Tax, wage and social debts +€1,164
up €1,164 (+72.7%), from €1,600 to €2,764
of which Remuneration and social security: +€2,764
- Gross operating margin -€28,948
down €28,948, from €26,847 to -€2,100
- Taxes -€4,907
down €4,907 (-94.9%), from €5,169 to €262
- Depreciation -€2,774
down €2,774 (-53.9%), from €5,148 to €2,375
- Other operating charges -€510
down €510 (-55.5%), from €919 to €409
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 | €37,884 | €31,761 | -€6,124 | -16.2% |
| Fixed assets | 21/28 | €12,593 | €7,199 | -€5,393 | -42.8% |
| Tangible fixed assets | 22/27 | €12,533 | €7,139 | -€5,393 | -43.0% |
| Plant, machinery and equipment | 23 | €5,588 | €5,702 | +€114 | +2.0% |
| Furniture and vehicles | 24 | €5,119 | €0 | -€5,119 | -100% |
| Other tangible fixed assets | 26 | €1,827 | €1,438 | -€389 | -21.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €25,291 | €24,561 | -€730 | -2.9% |
| Amounts receivable within one year | 40/41 | €9,702 | €1,317 | -€8,385 | -86.4% |
| Trade receivables | 40 | €8,049 | €0 | -€8,049 | -100% |
| Other amounts receivable | 41 | €1,653 | €1,317 | -€335 | -20.3% |
| Cash at bank and in hand | 54/58 | €15,589 | €23,244 | +€7,655 | +49.1% |
| Total equity and liabilities | 10/49 | €37,884 | €31,761 | -€6,124 | -16.2% |
| Equity | 10/15 | €34,636 | €24,825 | -€9,810 | -28.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €23,825 | +€23,825 | |
| Distributable reserves | 133 | - | €23,825 | +€23,825 | |
| Profit (loss) carried forward | 14 | €33,636 | €0 | -€33,636 | -100% |
| Amounts payable | 17/49 | €3,249 | €6,935 | +€3,687 | +113% |
| Amounts payable within one year | 42/48 | €3,249 | €6,935 | +€3,687 | +113% |
| Trade debts | 44 | €1,649 | €3,865 | +€2,217 | +134% |
| Suppliers | 440/4 | €1,649 | €3,865 | +€2,217 | +134% |
| Taxes, remuneration and social security | 45 | €1,600 | €2,764 | +€1,164 | +72.7% |
| Taxes | 450/3 | €1,600 | €0 | -€1,600 | -100% |
| Remuneration and social security | 454/9 | - | €2,764 | +€2,764 | |
| Other amounts payable | 47/48 | - | €306 | +€306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,148 | €2,375 | -€2,774 | -53.9% |
| Other operating charges | 640/8 | €919 | €409 | -€510 | -55.5% |
| Non-recurring operating charges | 66A | - | €4,619 | +€4,619 | |
| Gross operating margin | 9900 | €26,847 | -€2,100 | -€28,948 | |
| Operating profit (loss) | 9901 | €20,780 | -€9,503 | -€30,283 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €54 | €45 | -€9 | -16.2% |
| Recurring financial charges | 65 | €54 | €45 | -€9 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €20,727 | -€9,548 | -€30,275 | |
| Income taxes | 67/77 | €5,169 | €262 | -€4,907 | -94.9% |
| Profit (loss) for the period | 9904 | €15,558 | -€9,810 | -€25,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,558 | -€9,810 | -€25,368 |
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 26 October 2026 via checked.be.