TARCAR: what changed
Two fiscal 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.
TARCAR
Largest movements
- Receivables within one year -€64,738
down €64,738 (-73.6%), from €87,906 to €23,168
of which Trade receivables: -€69,538
- Stocks and contracts +€32,711
up €32,711 (+17.6%), from €185,569 to €218,280
- Trade debts -€49,425
down €49,425 (-59.3%), from €83,295 to €33,870
- Short-term financial debts +€38,251
new in 2024: €38,251
- Current portion of long-term debt -€28,786
down €28,786 (-58.5%), from €49,207 to €20,421
- Tax, wage and social debts +€4,908
up €4,908 (+189.2%), from €2,594 to €7,502
of which Remuneration and social security: +€4,761
- Purchases and services +€92,215
up €92,215 (+16.6%), from €553,858 to €646,073
- Turnover +€83,483
up €83,483 (+14.3%), from €584,677 to €668,160
- Depreciation -€13,463
down €13,463 (-98.4%), from €13,678 to €215
- Gross operating margin -€8,731
down €8,731 (-28.3%), from €30,819 to €22,088
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,907 | €245,289 | -€32,618 | -11.7% |
| Fixed assets | 21/28 | €0 | €644 | +€644 | |
| Tangible fixed assets | 22/27 | €0 | €644 | +€644 | |
| Furniture and vehicles | 24 | €0 | €644 | +€644 | |
| Current assets | 29/58 | €277,907 | €244,645 | -€33,262 | -12.0% |
| Stocks and contracts in progress | 3 | €185,569 | €218,280 | +€32,711 | +17.6% |
| Stocks | 30/36 | €185,569 | €218,280 | +€32,711 | +17.6% |
| Amounts receivable within one year | 40/41 | €87,906 | €23,168 | -€64,738 | -73.6% |
| Trade receivables | 40 | €75,706 | €6,168 | -€69,538 | -91.9% |
| Other amounts receivable | 41 | €12,200 | €17,000 | +€4,800 | +39.3% |
| Cash at bank and in hand | 54/58 | €1,675 | €475 | -€1,200 | -71.6% |
| Deferred charges and accrued income | 490/1 | €2,757 | €2,722 | -€35 | -1.3% |
| Total equity and liabilities | 10/49 | €277,907 | €245,289 | -€32,618 | -11.7% |
| Equity | 10/15 | €84,876 | €85,310 | +€434 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,416 | €64,850 | +€434 | +0.7% |
| Amounts payable | 17/49 | €193,031 | €159,979 | -€33,052 | -17.1% |
| Amounts payable within one year | 42/48 | €193,031 | €159,979 | -€33,052 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €49,207 | €20,421 | -€28,786 | -58.5% |
| Financial debts | 43 | - | €38,251 | +€38,251 | |
| Credit institutions | 430/8 | - | €38,251 | +€38,251 | |
| Trade debts | 44 | €83,295 | €33,870 | -€49,425 | -59.3% |
| Suppliers | 440/4 | €83,295 | €33,870 | -€49,425 | -59.3% |
| Taxes, remuneration and social security | 45 | €2,594 | €7,502 | +€4,908 | +189.2% |
| Taxes | 450/3 | €2,550 | €2,697 | +€147 | +5.8% |
| Remuneration and social security | 454/9 | €44 | €4,805 | +€4,761 | +10820.5% |
| Other amounts payable | 47/48 | €57,935 | €59,935 | +€2,000 | +3.5% |
| Turnover | 70 | €584,677 | €668,160 | +€83,483 | +14.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €553,858 | €646,073 | +€92,215 | +16.6% |
| Remuneration, social security and pensions | 62 | €16,637 | €16,829 | +€192 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,678 | €215 | -€13,463 | -98.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,450 | -€4,450 | +€1,000 | +18.3% |
| Other operating charges | 640/8 | €1,629 | €1,572 | -€57 | -3.5% |
| Gross operating margin | 9900 | €30,819 | €22,088 | -€8,731 | -28.3% |
| Operating profit (loss) | 9901 | €4,325 | €7,922 | +€3,597 | +83.2% |
| Financial charges | 65/66B | €3,949 | €6,841 | +€2,892 | +73.2% |
| Recurring financial charges | 65 | €3,949 | €6,841 | +€2,892 | +73.2% |
| Non-recurring financial charges | 66B | €3,949 | €6,841 | +€2,892 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €376 | €1,081 | +€705 | +187.5% |
| Income taxes | 67/77 | €965 | €647 | -€318 | -33.0% |
| Profit (loss) for the period | 9904 | -€589 | €434 | +€1,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€589 | €434 | +€1,023 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.