TARCEL Entreprises: 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.
TARCEL Entreprises
Largest movements
- Receivables within one year +€239,026
up €239,026 (+241%), from €99,131 to €338,157
of which Other amounts receivable: +€230,000
- Cash -€47,424
down €47,424 (-10.6%), from €448,128 to €400,704
mainly Contributions, distributions and other (-€400,000) and Receivables within one year (-€239,026)
- Tangible fixed assets -€25,061
down €25,061 (-32.4%), from €77,422 to €52,361
of which Furniture and vehicles: -€22,847
- Deferred charges and accrued income +€22,007
new in 2026: €22,007
- Other debts +€399,720
up €399,720 (+142,757%), from €280 to €400,000
- Profit (loss) carried forward -€211,268
down €211,268 (-27.2%), from €778,148 to €566,880
- Tax, wage and social debts +€18,866
up €18,866 (+25.1%), from €75,198 to €94,064
of which Remuneration and social security: +€16,594
- Trade debts -€18,770
down €18,770 (-82.9%), from €22,654 to €3,884
- Gross operating margin +€33,254
up €33,254 (+4.5%), from €731,743 to €764,997
- Staff costs +€20,809
up €20,809 (+4.1%), from €508,029 to €528,838
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,280 | €1,234,828 | +€188,548 | +18.0% |
| Fixed assets | 21/28 | €499,021 | €473,960 | -€25,061 | -5.0% |
| Tangible fixed assets | 22/27 | €77,422 | €52,361 | -€25,061 | -32.4% |
| Plant, machinery and equipment | 23 | €6,045 | €3,831 | -€2,214 | -36.6% |
| Furniture and vehicles | 24 | €71,377 | €48,530 | -€22,847 | -32.0% |
| Financial fixed assets | 28 | €421,599 | €421,599 | = | 0.0% |
| Current assets | 29/58 | €547,259 | €760,868 | +€213,609 | +39.0% |
| Amounts receivable within one year | 40/41 | €99,131 | €338,157 | +€239,026 | +241% |
| Trade receivables | 40 | €99,131 | €108,157 | +€9,026 | +9.1% |
| Other amounts receivable | 41 | - | €230,000 | +€230,000 | |
| Cash at bank and in hand | 54/58 | €448,128 | €400,704 | -€47,424 | -10.6% |
| Deferred charges and accrued income | 490/1 | - | €22,007 | +€22,007 | |
| Total equity and liabilities | 10/49 | €1,046,280 | €1,234,828 | +€188,548 | +18.0% |
| Equity | 10/15 | €888,148 | €676,880 | -€211,268 | -23.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €778,148 | €566,880 | -€211,268 | -27.2% |
| Amounts payable | 17/49 | €158,132 | €557,948 | +€399,816 | +253% |
| Amounts payable within one year | 42/48 | €158,132 | €557,948 | +€399,816 | +253% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Other loans | 439 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €22,654 | €3,884 | -€18,770 | -82.9% |
| Suppliers | 440/4 | €22,654 | €3,884 | -€18,770 | -82.9% |
| Taxes, remuneration and social security | 45 | €75,198 | €94,064 | +€18,866 | +25.1% |
| Taxes | 450/3 | €14,168 | €16,440 | +€2,272 | +16.0% |
| Remuneration and social security | 454/9 | €61,030 | €77,624 | +€16,594 | +27.2% |
| Other amounts payable | 47/48 | €280 | €400,000 | +€399,720 | +142,757% |
| Remuneration, social security and pensions | 62 | €508,029 | €528,838 | +€20,809 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,677 | €25,061 | -€6,616 | -20.9% |
| Other operating charges | 640/8 | €1,681 | €1,676 | -€5 | -0.3% |
| Gross operating margin | 9900 | €731,743 | €764,997 | +€33,254 | +4.5% |
| Operating profit (loss) | 9901 | €190,356 | €209,422 | +€19,066 | +10.0% |
| Financial income | 75/76B | €31,880 | €37,552 | +€5,672 | +17.8% |
| Recurring financial income | 75 | €31,880 | €37,552 | +€5,672 | +17.8% |
| Financial charges | 65/66B | €1,242 | €1,241 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,242 | €1,241 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €220,994 | €245,733 | +€24,739 | +11.2% |
| Income taxes | 67/77 | €52,454 | €57,001 | +€4,547 | +8.7% |
| Profit (loss) for the period | 9904 | €168,540 | €188,732 | +€20,192 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,540 | €188,732 | +€20,192 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.