TARGIS: 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.
TARGIS
Largest movements
- Tangible fixed assets -€11,843
down €11,843 (-4.6%), from €259,251 to €247,408
of which Land and buildings: -€10,389
- Debts after one year -€19,484
down €19,484 (-11.4%), from €170,326 to €150,841
- Profit (loss) carried forward +€8,567
up €8,567 (+68.3%), from €12,552 to €21,120
- Accrued charges and deferred income -€4,861
down €4,861 (-69.0%), from €7,050 to €2,189
- Tax, wage and social debts +€3,228
up €3,228 (+222.2%), from €1,452 to €4,680
- Gross operating margin +€6,473
up €6,473 (+18.9%), from €34,237 to €40,709
- Taxes +€1,775
up €1,775 (+122.2%), from €1,452 to €3,228
- Purchases and services +€1,721
up €1,721 (+24.2%), from €7,114 to €8,835
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
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 | €275,883 | €263,334 | -€12,549 | -4.5% |
| Fixed assets | 21/28 | €259,251 | €247,408 | -€11,843 | -4.6% |
| Tangible fixed assets | 22/27 | €259,251 | €247,408 | -€11,843 | -4.6% |
| Land and buildings | 22 | €256,756 | €246,367 | -€10,389 | -4.0% |
| Furniture and vehicles | 24 | €2,494 | €1,040 | -€1,454 | -58.3% |
| Current assets | 29/58 | €16,632 | €15,927 | -€705 | -4.2% |
| Amounts receivable within one year | 40/41 | €544 | €1,534 | +€990 | +182.0% |
| Trade receivables | 40 | €544 | €1,534 | +€990 | +182.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,088 | €14,124 | -€1,964 | -12.2% |
| Deferred charges and accrued income | 490/1 | - | €269 | +€269 | |
| Total equity and liabilities | 10/49 | €275,883 | €263,334 | -€12,549 | -4.5% |
| Equity | 10/15 | €31,352 | €39,920 | +€8,567 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,552 | €21,120 | +€8,567 | +68.3% |
| Amounts payable | 17/49 | €244,531 | €223,415 | -€21,116 | -8.6% |
| Amounts payable after more than one year | 17 | €170,326 | €150,841 | -€19,484 | -11.4% |
| Financial debts | 170/4 | €170,326 | €150,841 | -€19,484 | -11.4% |
| Amounts payable within one year | 42/48 | €67,155 | €70,384 | +€3,229 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €18,684 | €19,484 | +€800 | +4.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,003 | +€1,003 | |
| Suppliers | 440/4 | €0 | €1,003 | +€1,003 | |
| Taxes, remuneration and social security | 45 | €1,452 | €4,680 | +€3,228 | +222.2% |
| Taxes | 450/3 | €1,452 | €4,680 | +€3,228 | +222.2% |
| Other amounts payable | 47/48 | €47,018 | €45,216 | -€1,802 | -3.8% |
| Accrued charges and deferred income | 492/3 | €7,050 | €2,189 | -€4,861 | -69.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,114 | €8,835 | +€1,721 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,843 | €11,843 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,141 | €8,405 | +€264 | +3.2% |
| Gross operating margin | 9900 | €34,237 | €40,709 | +€6,473 | +18.9% |
| Operating profit (loss) | 9901 | €14,252 | €20,461 | +€6,209 | +43.6% |
| Financial charges | 65/66B | €8,809 | €8,666 | -€143 | -1.6% |
| Recurring financial charges | 65 | €8,809 | €8,666 | -€143 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €5,443 | €11,795 | +€6,353 | +116.7% |
| Income taxes | 67/77 | €1,452 | €3,228 | +€1,775 | +122.2% |
| Profit (loss) for the period | 9904 | €3,990 | €8,567 | +€4,577 | +114.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,990 | €8,567 | +€4,577 | +114.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.