TARPON: 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.
TARPON
Largest movements
- Cash +€87,372
up €87,372 (+50.6%), from €172,635 to €260,007
mainly Net result for the year (+€96,616) and Tax, wage and social debts (+€27,984)
- Receivables within one year +€9,766
up €9,766 (+23.7%), from €41,216 to €50,982
of which Other amounts receivable: +€16,287
- Profit (loss) carried forward +€54,049
up €54,049, from -€54,049 to €0
- Reserves +€42,567
up €42,567 (+2899.6%), from €1,468 to €44,035
of which Distributable reserves: +€42,567
- Debts after one year -€28,311
down €28,311 (-79.7%), from €35,540 to €7,229
- Tax, wage and social debts +€27,984
up €27,984 (+312.1%), from €8,966 to €36,950
- Taxes +€25,977
new in 2025: €25,977
- Gross operating margin +€21,369
up €21,369 (+20.5%), from €104,101 to €125,469
- Financial charges -€8,650
down €8,650 (-90.4%), from €9,572 to €923
- Financial income +€2,545
up €2,545 (+1182.8%), from €215 to €2,760
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 | €273,928 | €369,209 | +€95,281 | +34.8% |
| Fixed assets | 21/28 | €60,078 | €58,220 | -€1,858 | -3.1% |
| Tangible fixed assets | 22/27 | €60,078 | €58,220 | -€1,858 | -3.1% |
| Other tangible fixed assets | 26 | €60,078 | €58,220 | -€1,858 | -3.1% |
| Current assets | 29/58 | €213,850 | €310,989 | +€97,138 | +45.4% |
| Amounts receivable within one year | 40/41 | €41,216 | €50,982 | +€9,766 | +23.7% |
| Trade receivables | 40 | €26,001 | €19,480 | -€6,520 | -25.1% |
| Other amounts receivable | 41 | €15,215 | €31,502 | +€16,287 | +107.0% |
| Cash at bank and in hand | 54/58 | €172,635 | €260,007 | +€87,372 | +50.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €273,928 | €369,209 | +€95,281 | +34.8% |
| Equity | 10/15 | €226,019 | €322,635 | +€96,616 | +42.7% |
| Contributions | 10/11 | €278,600 | €278,600 | = | 0.0% |
| Reserves | 13 | €1,468 | €44,035 | +€42,567 | +2899.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,468 | €44,035 | +€42,567 | +2899.6% |
| Profit (loss) carried forward | 14 | -€54,049 | €0 | +€54,049 | |
| Amounts payable | 17/49 | €47,910 | €46,574 | -€1,336 | -2.8% |
| Amounts payable after more than one year | 17 | €35,540 | €7,229 | -€28,311 | -79.7% |
| Other amounts payable | 178/9 | €35,540 | €7,229 | -€28,311 | -79.7% |
| Amounts payable within one year | 42/48 | €11,670 | €38,220 | +€26,550 | +227.5% |
| Trade debts | 44 | €2,704 | €1,270 | -€1,434 | -53.0% |
| Suppliers | 440/4 | €2,704 | €1,270 | -€1,434 | -53.0% |
| Taxes, remuneration and social security | 45 | €8,966 | €36,950 | +€27,984 | +312.1% |
| Taxes | 450/3 | €8,966 | €36,950 | +€27,984 | +312.1% |
| Accrued charges and deferred income | 492/3 | €700 | €1,125 | +€425 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,858 | €1,858 | = | 0.0% |
| Other operating charges | 640/8 | €2,741 | €2,855 | +€114 | +4.2% |
| Gross operating margin | 9900 | €104,101 | €125,469 | +€21,369 | +20.5% |
| Operating profit (loss) | 9901 | €99,502 | €120,756 | +€21,255 | +21.4% |
| Financial income | 75/76B | €215 | €2,760 | +€2,545 | +1182.8% |
| Recurring financial income | 75 | €215 | €2,760 | +€2,545 | +1182.8% |
| Financial charges | 65/66B | €9,572 | €923 | -€8,650 | -90.4% |
| Recurring financial charges | 65 | €9,572 | €923 | -€8,650 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €90,145 | €122,594 | +€32,449 | +36.0% |
| Income taxes | 67/77 | - | €25,977 | +€25,977 | |
| Profit (loss) for the period | 9904 | €90,145 | €96,616 | +€6,472 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,145 | €96,616 | +€6,472 | +7.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.