Target Business Solutions: what changed
Target Business Solutions
Largest movements
- Cash -€1,303
down €1,303 (-70.6%), from €1,845 to €542
mainly Net result for the year (-€14,259) and Tax, wage and social debts (-€38)
- Tangible fixed assets -€840
down €840 (-31.8%), from €2,646 to €1,806
- Receivables within one year -€52
down €52 (-8.5%), from €608 to €557
- Profit (loss) carried forward -€14,259
down €14,259 (-15.9%), from -€89,545 to -€103,805
- Other debts +€12,103
up €12,103 (+16.3%), from €74,357 to €86,461
- Other operating charges -€1,429
down €1,429 (-47.3%), from €3,021 to €1,592
- Financial charges -€273
down €273 (-36.3%), from €753 to €480
- Gross operating margin +€201
up €201 (+1.9%), from -€10,822 to -€10,621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,099 | €2,904 | -€2,195 | -43.0% |
| Fixed assets | 21/28 | €2,646 | €1,806 | -€840 | -31.8% |
| Tangible fixed assets | 22/27 | €2,646 | €1,806 | -€840 | -31.8% |
| Plant, machinery and equipment | 23 | €2,646 | €1,806 | -€840 | -31.8% |
| Current assets | 29/58 | €2,453 | €1,099 | -€1,355 | -55.2% |
| Amounts receivable within one year | 40/41 | €608 | €557 | -€52 | -8.5% |
| Other amounts receivable | 41 | €608 | €557 | -€52 | -8.5% |
| Cash at bank and in hand | 54/58 | €1,845 | €542 | -€1,303 | -70.6% |
| Total equity and liabilities | 10/49 | €5,099 | €2,904 | -€2,195 | -43.0% |
| Equity | 10/15 | -€70,024 | -€84,284 | -€14,259 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €921 | €921 | = | 0.0% |
| Distributable reserves | 133 | €921 | €921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,545 | -€103,805 | -€14,259 | -15.9% |
| Amounts payable | 17/49 | €75,123 | €87,188 | +€12,065 | +16.1% |
| Amounts payable within one year | 42/48 | €75,123 | €87,188 | +€12,065 | +16.1% |
| Taxes, remuneration and social security | 45 | €766 | €727 | -€38 | -5.0% |
| Taxes | 450/3 | €766 | €727 | -€38 | -5.0% |
| Other amounts payable | 47/48 | €74,357 | €86,461 | +€12,103 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €840 | = | 0.0% |
| Other operating charges | 640/8 | €3,021 | €1,592 | -€1,429 | -47.3% |
| Gross operating margin | 9900 | -€10,822 | -€10,621 | +€201 | +1.9% |
| Operating profit (loss) | 9901 | -€14,683 | -€13,053 | +€1,630 | +11.1% |
| Financial charges | 65/66B | €753 | €480 | -€273 | -36.3% |
| Recurring financial charges | 65 | €753 | €480 | -€273 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,436 | -€13,532 | +€1,903 | +12.3% |
| Income taxes | 67/77 | €766 | €727 | -€38 | -5.0% |
| Profit (loss) for the period | 9904 | -€16,201 | -€14,259 | +€1,942 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,201 | -€14,259 | +€1,942 | +12.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.