TARGANCE: 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.
TARGANCE
Largest movements
- Receivables within one year -€19,168
down €19,168 (-13.3%), from €143,671 to €124,503
of which Trade receivables: -€27,539
- Deferred charges and accrued income +€4,783
up €4,783 (+1034.9%), from €462 to €5,245
- Other debts -€27,092
down €27,092 (-100.0%), from €27,092 to €0
- Trade debts +€16,091
up €16,091 (+46.3%), from €34,784 to €50,875
- Profit (loss) carried forward -€4,664
down €4,664, from €4,403 to -€261
- Tax, wage and social debts +€3,313
up €3,313 (+34.8%), from €9,534 to €12,847
- Gross operating margin -€12,481
down €12,481, from €9,414 to -€3,067
- Taxes -€3,742
down €3,742 (-96.8%), from €3,865 to €123
- Other operating charges +€1,711
new in 2025: €1,711
- Financial income -€1,472
down €1,472 (-39.3%), from €3,741 to €2,269
- Depreciation +€124
up €124 (+31.2%), from €399 to €523
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,603 | €134,017 | -€13,587 | -9.2% |
| Fixed assets | 21/28 | €3,470 | €4,268 | +€799 | +23.0% |
| Tangible fixed assets | 22/27 | €432 | €1,230 | +€799 | +184.9% |
| Plant, machinery and equipment | 23 | €432 | €1,230 | +€799 | +184.9% |
| Financial fixed assets | 28 | €3,038 | €3,038 | = | 0.0% |
| Current assets | 29/58 | €144,133 | €129,748 | -€14,385 | -10.0% |
| Amounts receivable within one year | 40/41 | €143,671 | €124,503 | -€19,168 | -13.3% |
| Trade receivables | 40 | €68,582 | €41,043 | -€27,539 | -40.2% |
| Other amounts receivable | 41 | €75,089 | €83,460 | +€8,371 | +11.1% |
| Deferred charges and accrued income | 490/1 | €462 | €5,245 | +€4,783 | +1034.9% |
| Total equity and liabilities | 10/49 | €147,603 | €134,017 | -€13,587 | -9.2% |
| Equity | 10/15 | €72,462 | €67,798 | -€4,664 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,859 | €61,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,403 | -€261 | -€4,664 | |
| Amounts payable | 17/49 | €75,141 | €66,218 | -€8,923 | -11.9% |
| Amounts payable within one year | 42/48 | €75,141 | €66,218 | -€8,923 | -11.9% |
| Financial debts | 43 | €3,731 | €2,496 | -€1,235 | -33.1% |
| Credit institutions | 430/8 | €3,731 | €2,496 | -€1,235 | -33.1% |
| Trade debts | 44 | €34,784 | €50,875 | +€16,091 | +46.3% |
| Suppliers | 440/4 | €34,784 | €50,875 | +€16,091 | +46.3% |
| Taxes, remuneration and social security | 45 | €9,534 | €12,847 | +€3,313 | +34.8% |
| Taxes | 450/3 | €9,534 | €12,847 | +€3,313 | +34.8% |
| Other amounts payable | 47/48 | €27,092 | €0 | -€27,092 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €523 | +€124 | +31.2% |
| Other operating charges | 640/8 | - | €1,711 | +€1,711 | |
| Gross operating margin | 9900 | €9,414 | -€3,067 | -€12,481 | |
| Operating profit (loss) | 9901 | €9,016 | -€5,301 | -€14,316 | |
| Financial income | 75/76B | €3,741 | €2,269 | -€1,472 | -39.3% |
| Recurring financial income | 75 | €3,741 | €2,269 | -€1,472 | -39.3% |
| Financial charges | 65/66B | €1,569 | €1,509 | -€60 | -3.8% |
| Recurring financial charges | 65 | €1,569 | €1,509 | -€60 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €11,188 | -€4,541 | -€15,728 | |
| Income taxes | 67/77 | €3,865 | €123 | -€3,742 | -96.8% |
| Profit (loss) for the period | 9904 | €7,322 | -€4,664 | -€11,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,322 | -€4,664 | -€11,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.