TARGUS: 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.
TARGUS
Largest movements
- Deferred charges and accrued income +€15,686
up €15,686, from €0 to €15,686
- Receivables within one year +€10,255
up €10,255 (+4.7%), from €216,566 to €226,820
of which Trade receivables: +€8,705
- Trade debts +€18,573
up €18,573 (+23.5%), from €79,112 to €97,684
- Profit (loss) carried forward +€9,763
up €9,763 (+29.7%), from €32,860 to €42,623
- Accrued charges and deferred income -€3,632
down €3,632 (-48.5%), from €7,482 to €3,850
- Gross operating margin -€55,481
down €55,481 (-24.1%), from €230,411 to €174,930
- Staff costs -€52,690
down €52,690 (-25.2%), from €209,225 to €156,534
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,194 | €249,149 | +€24,955 | +11.1% |
| Current assets | 29/58 | €224,194 | €249,149 | +€24,955 | +11.1% |
| Amounts receivable within one year | 40/41 | €216,566 | €226,820 | +€10,255 | +4.7% |
| Trade receivables | 40 | €206,567 | €215,272 | +€8,705 | +4.2% |
| Other amounts receivable | 41 | €9,998 | €11,548 | +€1,550 | +15.5% |
| Cash at bank and in hand | 54/58 | €7,628 | €6,643 | -€986 | -12.9% |
| Deferred charges and accrued income | 490/1 | €0 | €15,686 | +€15,686 | |
| Total equity and liabilities | 10/49 | €224,194 | €249,149 | +€24,955 | +11.1% |
| Equity | 10/15 | €101,060 | €110,823 | +€9,763 | +9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,860 | €42,623 | +€9,763 | +29.7% |
| Amounts payable | 17/49 | €123,134 | €138,326 | +€15,192 | +12.3% |
| Amounts payable within one year | 42/48 | €115,652 | €134,476 | +€18,824 | +16.3% |
| Trade debts | 44 | €79,112 | €97,684 | +€18,573 | +23.5% |
| Suppliers | 440/4 | €79,112 | €97,684 | +€18,573 | +23.5% |
| Taxes, remuneration and social security | 45 | €36,540 | €36,791 | +€251 | +0.7% |
| Taxes | 450/3 | €15,795 | €11,324 | -€4,471 | -28.3% |
| Remuneration and social security | 454/9 | €20,745 | €25,467 | +€4,722 | +22.8% |
| Accrued charges and deferred income | 492/3 | €7,482 | €3,850 | -€3,632 | -48.5% |
| Remuneration, social security and pensions | 62 | €209,225 | €156,534 | -€52,690 | -25.2% |
| Other operating charges | 640/8 | €389 | €1,686 | +€1,296 | +332.9% |
| Gross operating margin | 9900 | €230,411 | €174,930 | -€55,481 | -24.1% |
| Operating profit (loss) | 9901 | €20,797 | €16,710 | -€4,087 | -19.7% |
| Financial income | 75/76B | €105 | €0 | -€105 | -100.0% |
| Recurring financial income | 75 | €105 | €0 | -€105 | -100.0% |
| Financial charges | 65/66B | €112 | €1,559 | +€1,447 | +1287.9% |
| Recurring financial charges | 65 | €112 | €1,559 | +€1,447 | +1287.9% |
| Profit (loss) for the period before taxes | 9903 | €20,790 | €15,151 | -€5,639 | -27.1% |
| Income taxes | 67/77 | €7,186 | €5,388 | -€1,798 | -25.0% |
| Profit (loss) for the period | 9904 | €13,604 | €9,763 | -€3,841 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,604 | €9,763 | -€3,841 | -28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.