Tarchlo: 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.
Tarchlo
Largest movements
- Current investments +€1.3m
up €1.3m (+20.4%), from €6.2m to €7.5m
- Cash -€878,374
down €878,374 (-39.8%), from €2.2m to €1.3m
mainly Current investments (-€1.3m) and Tax, wage and social debts (-€415,084)
- Reserves +€698,534
up €698,534 (+9.0%), from €7.8m to €8.5m
- Tax, wage and social debts -€415,084
down €415,084 (-98.7%), from €420,467 to €5,383
- Financial charges -€333,783
down €333,783 (-65.4%), from €510,653 to €176,870
- Gross operating margin -€271,441
down €271,441 (-17.2%), from €1.6m to €1.3m
- Financial income +€40,202
up €40,202 (+11.7%), from €344,849 to €385,051
- Taxes -€17,957
down €17,957 (-4.1%), from €436,387 to €418,429
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 | €8,599,032 | €8,913,416 | +€314,384 | +3.7% |
| Fixed assets | 21/28 | €53,147 | €46,387 | -€6,760 | -12.7% |
| Tangible fixed assets | 22/27 | €53,147 | €46,387 | -€6,760 | -12.7% |
| Plant, machinery and equipment | 23 | €0 | €976 | +€976 | |
| Furniture and vehicles | 24 | €18,225 | €791 | -€17,434 | -95.7% |
| Other tangible fixed assets | 26 | €34,922 | €44,619 | +€9,698 | +27.8% |
| Current assets | 29/58 | €8,545,885 | €8,867,029 | +€321,143 | +3.8% |
| Amounts receivable within one year | 40/41 | €96,314 | €23,534 | -€72,780 | -75.6% |
| Other amounts receivable | 41 | €96,314 | €23,534 | -€72,780 | -75.6% |
| Current investments | 50/53 | €6,242,887 | €7,514,448 | +€1.3m | +20.4% |
| Cash at bank and in hand | 54/58 | €2,204,813 | €1,326,439 | -€878,374 | -39.8% |
| Deferred charges and accrued income | 490/1 | €1,871 | €2,607 | +€736 | +39.4% |
| Total equity and liabilities | 10/49 | €8,599,032 | €8,913,416 | +€314,384 | +3.7% |
| Equity | 10/15 | €7,810,252 | €8,508,786 | +€698,534 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,797,852 | €8,496,386 | +€698,534 | +9.0% |
| Distributable reserves | 133 | €7,797,852 | €8,496,386 | +€698,534 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €788,780 | €404,630 | -€384,150 | -48.7% |
| Amounts payable within one year | 42/48 | €788,453 | €404,302 | -€384,150 | -48.7% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €8,490 | €5,027 | -€3,464 | -40.8% |
| Suppliers | 440/4 | €8,490 | €5,027 | -€3,464 | -40.8% |
| Taxes, remuneration and social security | 45 | €420,467 | €5,383 | -€415,084 | -98.7% |
| Taxes | 450/3 | €420,467 | €5,383 | -€415,084 | -98.7% |
| Other amounts payable | 47/48 | €359,495 | €393,871 | +€34,376 | +9.6% |
| Accrued charges and deferred income | 492/3 | €327 | €327 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,894 | €9,625 | -€270 | -2.7% |
| Other operating charges | 640/8 | €3,058 | €2,596 | -€462 | -15.1% |
| Gross operating margin | 9900 | €1,576,443 | €1,305,002 | -€271,441 | -17.2% |
| Operating profit (loss) | 9901 | €1,563,491 | €1,292,782 | -€270,709 | -17.3% |
| Financial income | 75/76B | €344,849 | €385,051 | +€40,202 | +11.7% |
| Recurring financial income | 75 | €344,849 | €385,051 | +€40,202 | +11.7% |
| Financial charges | 65/66B | €510,653 | €176,870 | -€333,783 | -65.4% |
| Recurring financial charges | 65 | €510,653 | €176,870 | -€333,783 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €1,397,687 | €1,500,963 | +€103,277 | +7.4% |
| Income taxes | 67/77 | €436,387 | €418,429 | -€17,957 | -4.1% |
| Profit (loss) for the period | 9904 | €961,300 | €1,082,534 | +€121,234 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €961,300 | €1,082,534 | +€121,234 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.