TARGET S.L.: 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.
TARGET S.L.
Largest movements
- Receivables within one year +€67,991
up €67,991 (+165%), from €41,243 to €109,234
of which Trade receivables: +€35,418
- Tangible fixed assets -€19,901
down €19,901 (-34.9%), from €57,018 to €37,116
of which Furniture and vehicles: -€18,775
- Cash +€15,621
up €15,621 (+3.5%), from €451,365 to €466,986
mainly Net result for the year (+€74,937) and Tax, wage and social debts (+€57,164)
- Tax, wage and social debts +€57,164
up €57,164 (+313%), from €18,266 to €75,430
- Reserves +€34,937
up €34,937 (+7.6%), from €461,884 to €496,821
- Debts after one year -€16,111
down €16,111 (-56.9%), from €28,313 to €12,202
- Other debts -€11,767
no longer reported in 2025 (was €11,767)
- Gross operating margin +€9,728
up €9,728 (+7.5%), from €129,747 to €139,475
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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,306 | €624,026 | +€63,720 | +11.4% |
| Fixed assets | 21/28 | €67,317 | €47,415 | -€19,901 | -29.6% |
| Tangible fixed assets | 22/27 | €57,018 | €37,116 | -€19,901 | -34.9% |
| Plant, machinery and equipment | 23 | €4,845 | €3,719 | -€1,126 | -23.2% |
| Furniture and vehicles | 24 | €52,172 | €33,397 | -€18,775 | -36.0% |
| Financial fixed assets | 28 | €10,299 | €10,299 | = | 0.0% |
| Current assets | 29/58 | €492,989 | €576,611 | +€83,622 | +17.0% |
| Amounts receivable within one year | 40/41 | €41,243 | €109,234 | +€67,991 | +165% |
| Trade receivables | 40 | €32,324 | €67,741 | +€35,418 | +110% |
| Other amounts receivable | 41 | €8,919 | €41,493 | +€32,574 | +365% |
| Cash at bank and in hand | 54/58 | €451,365 | €466,986 | +€15,621 | +3.5% |
| Deferred charges and accrued income | 490/1 | €381 | €391 | +€10 | +2.6% |
| Total equity and liabilities | 10/49 | €560,306 | €624,026 | +€63,720 | +11.4% |
| Equity | 10/15 | €474,334 | €509,271 | +€34,937 | +7.4% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €461,884 | €496,821 | +€34,937 | +7.6% |
| Distributable reserves | 133 | €461,884 | €496,821 | +€34,937 | +7.6% |
| Amounts payable | 17/49 | €85,972 | €114,756 | +€28,783 | +33.5% |
| Amounts payable after more than one year | 17 | €28,313 | €12,202 | -€16,111 | -56.9% |
| Financial debts | 170/4 | €28,313 | €12,202 | -€16,111 | -56.9% |
| Amounts payable within one year | 42/48 | €50,194 | €95,771 | +€45,577 | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €15,932 | €16,111 | +€179 | +1.1% |
| Trade debts | 44 | €4,229 | €4,229 | +€1 | 0.0% |
| Suppliers | 440/4 | €4,229 | €4,229 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €18,266 | €75,430 | +€57,164 | +313% |
| Taxes | 450/3 | €18,266 | €75,430 | +€57,164 | +313% |
| Other amounts payable | 47/48 | €11,767 | - | -€11,767 | |
| Accrued charges and deferred income | 492/3 | €7,466 | €6,783 | -€683 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,560 | €19,901 | +€341 | +1.7% |
| Other operating charges | 640/8 | €1,608 | €2,627 | +€1,019 | +63.3% |
| Gross operating margin | 9900 | €129,747 | €139,475 | +€9,728 | +7.5% |
| Operating profit (loss) | 9901 | €108,579 | €116,946 | +€8,368 | +7.7% |
| Financial income | 75/76B | - | €1,255 | +€1,255 | |
| Recurring financial income | 75 | - | €1,255 | +€1,255 | |
| Financial charges | 65/66B | €1,159 | €1,828 | +€669 | +57.8% |
| Recurring financial charges | 65 | €1,159 | €1,828 | +€669 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €107,420 | €116,373 | +€8,953 | +8.3% |
| Income taxes | 67/77 | €41,081 | €41,436 | +€355 | +0.9% |
| Profit (loss) for the period | 9904 | €66,339 | €74,937 | +€8,598 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,339 | €74,937 | +€8,598 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.