TARANIS: 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.
TARANIS
Largest movements
- Current investments +€997,582
up €997,582 (+10.3%), from €9.7m to €10.7m
- Cash -€396,760
down €396,760 (-50.7%), from €782,910 to €386,150
mainly Current investments (-€997,582) and Tax, wage and social debts (-€598,487)
- Receivables after one year -€333,333
down €333,333 (-100%), from €333,333 to €0
- Reserves +€846,595
up €846,595 (+7.5%), from €11.3m to €12.1m
- Tax, wage and social debts -€598,487
down €598,487 (-95.0%), from €629,958 to €31,471
of which Taxes: -€598,529
- Financial income +€263,211
up €263,211 (+30.8%), from €853,826 to €1.1m
of which Financial income: +€263,211
- Financial charges +€56,388
up €56,388 (+211%), from €26,713 to €83,101
- Gross operating margin -€49,287
down €49,287, from €20,810 to -€28,476
- Taxes +€39,512
up €39,512 (+53.5%), from €73,861 to €113,372
- Depreciation +€3,489
up €3,489 (+15.3%), from €22,817 to €26,305
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 | €12,236,360 | €12,484,406 | +€248,046 | +2.0% |
| Fixed assets | 21/28 | €1,075,874 | €1,055,937 | -€19,937 | -1.9% |
| Tangible fixed assets | 22/27 | €107,243 | €82,224 | -€25,019 | -23.3% |
| Furniture and vehicles | 24 | €107,243 | €82,224 | -€25,019 | -23.3% |
| Financial fixed assets | 28 | €968,631 | €973,713 | +€5,082 | +0.5% |
| Current assets | 29/58 | €11,160,486 | €11,428,469 | +€267,983 | +2.4% |
| Amounts receivable after more than one year | 29 | €333,333 | €0 | -€333,333 | -100% |
| Other amounts receivable | 291 | €333,333 | €0 | -€333,333 | -100% |
| Amounts receivable within one year | 40/41 | €343,107 | €342,444 | -€663 | -0.2% |
| Trade receivables | 40 | €9,075 | €9,110 | +€35 | +0.4% |
| Other amounts receivable | 41 | €334,032 | €333,334 | -€698 | -0.2% |
| Current investments | 50/53 | €9,699,571 | €10,697,153 | +€997,582 | +10.3% |
| Cash at bank and in hand | 54/58 | €782,910 | €386,150 | -€396,760 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,565 | €2,722 | +€1,157 | +73.9% |
| Total equity and liabilities | 10/49 | €12,236,360 | €12,484,406 | +€248,046 | +2.0% |
| Equity | 10/15 | €11,590,808 | €12,437,403 | +€846,595 | +7.3% |
| Contributions | 10/11 | €337,643 | €337,643 | = | 0.0% |
| Reserves | 13 | €11,253,164 | €12,099,760 | +€846,595 | +7.5% |
| Distributable reserves | 133 | €11,253,164 | €12,099,760 | +€846,595 | +7.5% |
| Amounts payable | 17/49 | €645,552 | €47,003 | -€598,549 | -92.7% |
| Amounts payable within one year | 42/48 | €645,552 | €47,003 | -€598,549 | -92.7% |
| Trade debts | 44 | €5,094 | €4,253 | -€841 | -16.5% |
| Suppliers | 440/4 | €5,094 | €4,253 | -€841 | -16.5% |
| Taxes, remuneration and social security | 45 | €629,958 | €31,471 | -€598,487 | -95.0% |
| Taxes | 450/3 | €625,585 | €27,056 | -€598,529 | -95.7% |
| Remuneration and social security | 454/9 | €4,373 | €4,414 | +€41 | +0.9% |
| Other amounts payable | 47/48 | €10,500 | €11,279 | +€779 | +7.4% |
| Non-recurring operating income | 76A | €36,000 | €0 | -€36,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,817 | €26,305 | +€3,489 | +15.3% |
| Other operating charges | 640/8 | €17,109 | €19,186 | +€2,077 | +12.1% |
| Gross operating margin | 9900 | €20,810 | -€28,476 | -€49,287 | |
| Operating profit (loss) | 9901 | -€19,115 | -€73,968 | -€54,853 | -287% |
| Financial income | 75/76B | €853,826 | €1,117,037 | +€263,211 | +30.8% |
| Recurring financial income | 75 | €853,826 | €1,117,037 | +€263,211 | +30.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €26,713 | €83,101 | +€56,388 | +211% |
| Recurring financial charges | 65 | €26,713 | €83,101 | +€56,388 | +211% |
| Profit (loss) for the period before taxes | 9903 | €807,997 | €959,968 | +€151,970 | +18.8% |
| Income taxes | 67/77 | €73,861 | €113,372 | +€39,512 | +53.5% |
| Profit (loss) for the period | 9904 | €734,136 | €846,595 | +€112,459 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €734,136 | €846,595 | +€112,459 | +15.3% |
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 13 October 2026 via checked.be.