TARO: 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.
TARO
Largest movements
- Tangible fixed assets -€15,852
down €15,852 (-10.6%), from €149,337 to €133,485
of which Furniture and vehicles: -€10,354
- Stocks and contracts -€15,376
down €15,376 (-11.2%), from €137,152 to €121,776
- Cash +€4,291
up €4,291 (+81.1%), from €5,293 to €9,584
mainly Depreciation (+€17,010) and Stocks and contracts (+€15,376)
- Trade debts -€15,081
down €15,081 (-27.6%), from €54,686 to €39,605
- Debts after one year -€13,611
down €13,611 (-11.7%), from €115,987 to €102,376
of which Financial debts: -€27,081
- Short-term financial debts +€8,750
up €8,750 (+17.1%), from €51,249 to €59,999
- Profit (loss) carried forward -€4,429
down €4,429 (-16.3%), from -€27,116 to -€31,545
- Tax, wage and social debts -€3,580
down €3,580 (-29.4%), from €12,184 to €8,604
- Gross operating margin -€31,724
down €31,724 (-54.6%), from €58,088 to €26,364
- Depreciation +€7,284
up €7,284 (+74.9%), from €9,726 to €17,010
- Taxes -€2,787
no longer reported in 2025 (was €2,787)
- Financial charges -€1,581
down €1,581 (-12.6%), from €12,503 to €10,922
- Other operating charges -€1,066
down €1,066 (-25.2%), from €4,237 to €3,171
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 | €291,781 | €264,845 | -€26,936 | -9.2% |
| Fixed assets | 21/28 | €149,337 | €133,485 | -€15,852 | -10.6% |
| Tangible fixed assets | 22/27 | €149,337 | €133,485 | -€15,852 | -10.6% |
| Land and buildings | 22 | €126,564 | €121,066 | -€5,498 | -4.3% |
| Furniture and vehicles | 24 | €22,773 | €12,419 | -€10,354 | -45.5% |
| Current assets | 29/58 | €142,445 | €131,360 | -€11,085 | -7.8% |
| Stocks and contracts in progress | 3 | €137,152 | €121,776 | -€15,376 | -11.2% |
| Stocks | 30/36 | €137,152 | €121,776 | -€15,376 | -11.2% |
| Cash at bank and in hand | 54/58 | €5,293 | €9,584 | +€4,291 | +81.1% |
| Total equity and liabilities | 10/49 | €291,781 | €264,845 | -€26,936 | -9.2% |
| Equity | 10/15 | €30,558 | €26,129 | -€4,429 | -14.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €32,885 | €32,885 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,885 | €32,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,116 | -€31,545 | -€4,429 | -16.3% |
| Amounts payable | 17/49 | €261,223 | €238,716 | -€22,507 | -8.6% |
| Amounts payable after more than one year | 17 | €115,987 | €102,376 | -€13,611 | -11.7% |
| Financial debts | 170/4 | €84,073 | €56,992 | -€27,081 | -32.2% |
| Other amounts payable | 178/9 | €31,914 | €45,384 | +€13,470 | +42.2% |
| Amounts payable within one year | 42/48 | €144,486 | €135,289 | -€9,197 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €26,366 | €27,081 | +€715 | +2.7% |
| Financial debts | 43 | €51,249 | €59,999 | +€8,750 | +17.1% |
| Credit institutions | 430/8 | €51,249 | €59,999 | +€8,750 | +17.1% |
| Trade debts | 44 | €54,686 | €39,605 | -€15,081 | -27.6% |
| Suppliers | 440/4 | €54,686 | €39,605 | -€15,081 | -27.6% |
| Taxes, remuneration and social security | 45 | €12,184 | €8,604 | -€3,580 | -29.4% |
| Taxes | 450/3 | €12,184 | €8,604 | -€3,580 | -29.4% |
| Accrued charges and deferred income | 492/3 | €750 | €1,050 | +€300 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,726 | €17,010 | +€7,284 | +74.9% |
| Other operating charges | 640/8 | €4,237 | €3,171 | -€1,066 | -25.2% |
| Gross operating margin | 9900 | €58,088 | €26,364 | -€31,724 | -54.6% |
| Operating profit (loss) | 9901 | €44,125 | €6,183 | -€37,942 | -86.0% |
| Financial income | 75/76B | €378 | €310 | -€68 | -18.0% |
| Recurring financial income | 75 | €378 | €310 | -€68 | -18.0% |
| Financial charges | 65/66B | €12,503 | €10,922 | -€1,581 | -12.6% |
| Recurring financial charges | 65 | €12,503 | €10,922 | -€1,581 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €31,999 | -€4,429 | -€36,428 | |
| Income taxes | 67/77 | €2,787 | - | -€2,787 | |
| Profit (loss) for the period | 9904 | €29,212 | -€4,429 | -€33,641 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,212 | -€4,429 | -€33,641 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.