TARBOUSH: 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.
TARBOUSH
Largest movements
- Tangible fixed assets -€16,849
down €16,849 (-81.9%), from €20,580 to €3,730
of which Furniture and vehicles: -€15,978
- Receivables within one year +€9,848
up €9,848 (+39.1%), from €25,185 to €35,033
- Stocks and contracts +€5,000
up €5,000 (+63.2%), from €7,912 to €12,912
- Cash +€2,843
up €2,843 (+48.6%), from €5,850 to €8,693
mainly Investment in fixed assets (net) (+€14,507) and Tax, wage and social debts (+€6,907)
- Debts after one year -€8,294
down €8,294 (-73.6%), from €11,273 to €2,979
- Tax, wage and social debts +€6,907
up €6,907 (+93.8%), from €7,359 to €14,266
of which Taxes: +€5,959
- Profit (loss) carried forward +€1,476
up €1,476 (+10.6%), from €13,862 to €15,338
- Trade debts +€824
up €824 (+21.0%), from €3,917 to €4,741
- Gross operating margin +€18,072
up €18,072 (+29.1%), from €62,035 to €80,107
- Other operating charges +€13,851
up €13,851 (+389%), from €3,558 to €17,408
- Staff costs +€11,685
up €11,685 (+28.2%), from €41,497 to €53,182
- Depreciation -€4,426
down €4,426 (-65.4%), from €6,769 to €2,343
- Taxes +€834
up €834 (+38.8%), from €2,148 to €2,982
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 | €59,526 | €60,368 | +€842 | +1.4% |
| Fixed assets | 21/28 | €20,580 | €3,730 | -€16,849 | -81.9% |
| Tangible fixed assets | 22/27 | €20,580 | €3,730 | -€16,849 | -81.9% |
| Plant, machinery and equipment | 23 | €1,257 | €737 | -€520 | -41.4% |
| Furniture and vehicles | 24 | €17,918 | €1,940 | -€15,978 | -89.2% |
| Other tangible fixed assets | 26 | €1,405 | €1,054 | -€351 | -25.0% |
| Current assets | 29/58 | €38,946 | €56,638 | +€17,692 | +45.4% |
| Stocks and contracts in progress | 3 | €7,912 | €12,912 | +€5,000 | +63.2% |
| Stocks | 30/36 | €7,912 | €12,912 | +€5,000 | +63.2% |
| Amounts receivable within one year | 40/41 | €25,185 | €35,033 | +€9,848 | +39.1% |
| Other amounts receivable | 41 | €25,185 | €35,033 | +€9,848 | +39.1% |
| Cash at bank and in hand | 54/58 | €5,850 | €8,693 | +€2,843 | +48.6% |
| Total equity and liabilities | 10/49 | €59,526 | €60,368 | +€842 | +1.4% |
| Equity | 10/15 | €28,612 | €30,088 | +€1,476 | +5.2% |
| Contributions | 10/11 | €14,750 | €14,750 | = | 0.0% |
| Contributions outside capital | 11 | €14,750 | €14,750 | = | 0.0% |
| Other | 1109/19 | €14,750 | €14,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,862 | €15,338 | +€1,476 | +10.6% |
| Amounts payable | 17/49 | €30,914 | €30,280 | -€634 | -2.1% |
| Amounts payable after more than one year | 17 | €11,273 | €2,979 | -€8,294 | -73.6% |
| Financial debts | 170/4 | €11,273 | €2,979 | -€8,294 | -73.6% |
| Amounts payable within one year | 42/48 | €19,641 | €27,301 | +€7,660 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €8,365 | €8,294 | -€71 | -0.8% |
| Trade debts | 44 | €3,917 | €4,741 | +€824 | +21.0% |
| Suppliers | 440/4 | €3,917 | €4,741 | +€824 | +21.0% |
| Taxes, remuneration and social security | 45 | €7,359 | €14,266 | +€6,907 | +93.8% |
| Taxes | 450/3 | €4,916 | €10,875 | +€5,959 | +121% |
| Remuneration and social security | 454/9 | €2,443 | €3,391 | +€948 | +38.8% |
| Remuneration, social security and pensions | 62 | €41,497 | €53,182 | +€11,685 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,769 | €2,343 | -€4,426 | -65.4% |
| Other operating charges | 640/8 | €3,558 | €17,408 | +€13,851 | +389% |
| Non-recurring operating charges | 66A | €3,733 | €1,117 | -€2,616 | -70.1% |
| Gross operating margin | 9900 | €62,035 | €80,107 | +€18,072 | +29.1% |
| Operating profit (loss) | 9901 | €6,478 | €6,057 | -€421 | -6.5% |
| Financial charges | 65/66B | €1,606 | €1,599 | -€7 | -0.5% |
| Recurring financial charges | 65 | €1,606 | €1,599 | -€7 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €4,872 | €4,458 | -€414 | -8.5% |
| Income taxes | 67/77 | €2,148 | €2,982 | +€834 | +38.8% |
| Profit (loss) for the period | 9904 | €2,724 | €1,476 | -€1,248 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,724 | €1,476 | -€1,248 | -45.8% |
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 29 October 2026 via checked.be.