TARO: 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.
TARO
Largest movements
- Tangible fixed assets -€10,922
down €10,922 (-27.5%), from €39,675 to €28,753
of which Leasing and similar rights: -€9,826
- Cash +€7,549
up €7,549 (+51.4%), from €14,676 to €22,225
mainly Depreciation (+€10,922) and Net result for the year (+€5,330)
- Debts after one year -€8,549
down €8,549 (-36.2%), from €23,593 to €15,044
- Reserves +€5,330
up €5,330 (+34.9%), from €15,251 to €20,581
- Tax, wage and social debts +€1,019
up €1,019 (+8.4%), from €12,098 to €13,116
of which Taxes: +€1,019
- Trade debts -€857
down €857 (-51.8%), from €1,654 to €797
- Gross operating margin +€4,200
up €4,200 (+22.9%), from €18,308 to €22,509
- Other operating charges +€744
up €744 (+47.8%), from €1,559 to €2,303
- Taxes +€679
up €679 (+34.1%), from €1,988 to €2,666
- Financial charges -€316
down €316 (-19.7%), from €1,604 to €1,288
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 | €65,629 | €62,635 | -€2,994 | -4.6% |
| Fixed assets | 21/28 | €39,675 | €28,753 | -€10,922 | -27.5% |
| Tangible fixed assets | 22/27 | €39,675 | €28,753 | -€10,922 | -27.5% |
| Plant, machinery and equipment | 23 | €1,069 | €374 | -€696 | -65.1% |
| Furniture and vehicles | 24 | €1,443 | €1,043 | -€400 | -27.7% |
| Leasing and similar rights | 25 | €37,163 | €27,337 | -€9,826 | -26.4% |
| Current assets | 29/58 | €25,954 | €33,882 | +€7,928 | +30.5% |
| Amounts receivable within one year | 40/41 | €9,983 | €10,306 | +€323 | +3.2% |
| Trade receivables | 40 | €9,983 | €10,306 | +€323 | +3.2% |
| Cash at bank and in hand | 54/58 | €14,676 | €22,225 | +€7,549 | +51.4% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,351 | +€55 | +4.3% |
| Total equity and liabilities | 10/49 | €65,629 | €62,635 | -€2,994 | -4.6% |
| Equity | 10/15 | €18,251 | €23,581 | +€5,330 | +29.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,251 | €20,581 | +€5,330 | +34.9% |
| Distributable reserves | 133 | €15,251 | €20,581 | +€5,330 | +34.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,378 | €39,054 | -€8,324 | -17.6% |
| Amounts payable after more than one year | 17 | €23,593 | €15,044 | -€8,549 | -36.2% |
| Financial debts | 170/4 | €23,593 | €15,044 | -€8,549 | -36.2% |
| Amounts payable within one year | 42/48 | €23,060 | €23,285 | +€225 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,208 | €8,549 | +€341 | +4.2% |
| Trade debts | 44 | €1,654 | €797 | -€857 | -51.8% |
| Suppliers | 440/4 | €1,654 | €797 | -€857 | -51.8% |
| Taxes, remuneration and social security | 45 | €12,098 | €13,116 | +€1,019 | +8.4% |
| Taxes | 450/3 | €9,298 | €10,316 | +€1,019 | +11.0% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €1,101 | €823 | -€278 | -25.3% |
| Accrued charges and deferred income | 492/3 | €725 | €725 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,922 | €10,922 | = | 0.0% |
| Other operating charges | 640/8 | €1,559 | €2,303 | +€744 | +47.8% |
| Gross operating margin | 9900 | €18,308 | €22,509 | +€4,200 | +22.9% |
| Operating profit (loss) | 9901 | €5,828 | €9,284 | +€3,456 | +59.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,604 | €1,288 | -€316 | -19.7% |
| Recurring financial charges | 65 | €1,604 | €1,288 | -€316 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €4,224 | €7,996 | +€3,772 | +89.3% |
| Income taxes | 67/77 | €1,988 | €2,666 | +€679 | +34.1% |
| Profit (loss) for the period | 9904 | €2,236 | €5,330 | +€3,094 | +138.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | €5,330 | +€3,094 | +138.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.