TARRAS: 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.
TARRAS
Largest movements
- Tangible fixed assets -€341,721
down €341,721 (-84.4%), from €404,857 to €63,135
- Current investments +€260,000
new in 2025: €260,000
- Cash +€105,672
up €105,672 (+1,193%), from €8,856 to €114,529
mainly Investment in fixed assets (net) (+€337,239) and Net result for the year (+€39,069)
- Reserves +€39,069
up €39,069 (+13.3%), from €294,851 to €333,919
of which Distributable reserves: +€170,175
- Other debts +€29,622
up €29,622 (+996%), from €2,973 to €32,595
- Current portion of long-term debt -€26,781
no longer reported in 2025 (was €26,781)
- Trade debts -€5,717
down €5,717 (-98.2%), from €5,820 to €103
- Tax, wage and social debts -€4,988
no longer reported in 2025 (was €4,988)
- Taxes +€66,265
up €66,265 (+612%), from €10,819 to €77,084
- Gross operating margin +€58,192
up €58,192 (+103%), from €56,258 to €114,450
- Depreciation -€13,632
down €13,632 (-75.3%), from €18,115 to €4,483
- Financial income +€9,599
new in 2025: €9,599
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.
Derived cash bridge
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 | €416,753 | €443,678 | +€26,925 | +6.5% |
| Fixed assets | 21/28 | €404,857 | €63,135 | -€341,721 | -84.4% |
| Tangible fixed assets | 22/27 | €404,857 | €63,135 | -€341,721 | -84.4% |
| Land and buildings | 22 | €404,857 | €63,135 | -€341,721 | -84.4% |
| Current assets | 29/58 | €11,897 | €380,543 | +€368,646 | +3,099% |
| Amounts receivable within one year | 40/41 | €3,040 | €6,014 | +€2,974 | +97.8% |
| Trade receivables | 40 | €2,029 | - | -€2,029 | |
| Other amounts receivable | 41 | €1,012 | €6,014 | +€5,003 | +494% |
| Current investments | 50/53 | - | €260,000 | +€260,000 | |
| Cash at bank and in hand | 54/58 | €8,856 | €114,529 | +€105,672 | +1,193% |
| Total equity and liabilities | 10/49 | €416,753 | €443,678 | +€26,925 | +6.5% |
| Equity | 10/15 | €371,912 | €410,980 | +€39,069 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,851 | €333,919 | +€39,069 | +13.3% |
| Tax-exempt reserves | 132 | €131,106 | - | -€131,106 | |
| Distributable reserves | 133 | €163,744 | €333,919 | +€170,175 | +104% |
| Profit (loss) carried forward | 14 | €58,461 | €58,461 | = | 0.0% |
| Amounts payable | 17/49 | €44,842 | €32,698 | -€12,144 | -27.1% |
| Amounts payable within one year | 42/48 | €44,792 | €32,698 | -€12,094 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €26,781 | - | -€26,781 | |
| Financial debts | 43 | €3,500 | - | -€3,500 | |
| Credit institutions | 430/8 | €3,500 | - | -€3,500 | |
| Trade debts | 44 | €5,820 | €103 | -€5,717 | -98.2% |
| Suppliers | 440/4 | €5,820 | €103 | -€5,717 | -98.2% |
| Advances received on contracts in progress | 46 | €730 | - | -€730 | |
| Taxes, remuneration and social security | 45 | €4,988 | - | -€4,988 | |
| Taxes | 450/3 | €4,988 | - | -€4,988 | |
| Other amounts payable | 47/48 | €2,973 | €32,595 | +€29,622 | +996% |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,115 | €4,483 | -€13,632 | -75.3% |
| Other operating charges | 640/8 | €3,723 | €2,710 | -€1,013 | -27.2% |
| Gross operating margin | 9900 | €56,258 | €114,450 | +€58,192 | +103% |
| Operating profit (loss) | 9901 | €34,420 | €107,257 | +€72,837 | +212% |
| Financial income | 75/76B | - | €9,599 | +€9,599 | |
| Recurring financial income | 75 | - | €9,599 | +€9,599 | |
| Financial charges | 65/66B | €1,441 | €704 | -€738 | -51.2% |
| Recurring financial charges | 65 | €1,441 | €704 | -€738 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €32,978 | €116,152 | +€83,174 | +252% |
| Income taxes | 67/77 | €10,819 | €77,084 | +€66,265 | +612% |
| Profit (loss) for the period | 9904 | €22,159 | €39,069 | +€16,909 | +76.3% |
| Transfer from tax-exempt reserves | 789 | - | €131,106 | +€131,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,159 | €170,175 | +€148,016 | +668% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.