Tars Canfyn: 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.
Tars Canfyn
Largest movements
- Receivables within one year -€15,846
down €15,846 (-18.0%), from €88,068 to €72,222
of which Trade receivables: -€26,609
- Tangible fixed assets -€12,784
down €12,784 (-6.5%), from €196,448 to €183,664
- Cash -€4,390
down €4,390 (-28.2%), from €15,576 to €11,186
mainly Other debts (-€71,047) and Debts after one year (-€23,123)
- Other debts -€71,047
down €71,047 (-97.6%), from €72,829 to €1,782
- Reserves +€66,882
up €66,882 (+97.8%), from €68,382 to €135,265
- Debts after one year -€23,123
down €23,123 (-31.5%), from €73,315 to €50,192
- Trade debts -€5,084
down €5,084 (-26.2%), from €19,381 to €14,297
- Gross operating margin -€7,747
down €7,747 (-6.3%), from €122,048 to €114,301
- Financial income +€6,769
up €6,769 (+22564300.0%), from €0 to €6,769
- Depreciation +€4,701
up €4,701 (+19.8%), from €23,745 to €28,446
- Taxes -€3,642
down €3,642 (-17.0%), from €21,480 to €17,837
- Other operating charges -€2,570
down €2,570 (-83.4%), from €3,081 to €511
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 | €300,454 | €267,464 | -€32,990 | -11.0% |
| Fixed assets | 21/28 | €196,448 | €183,664 | -€12,784 | -6.5% |
| Tangible fixed assets | 22/27 | €196,448 | €183,664 | -€12,784 | -6.5% |
| Plant, machinery and equipment | 23 | €32,820 | €28,359 | -€4,461 | -13.6% |
| Furniture and vehicles | 24 | €8,340 | €3,422 | -€4,918 | -59.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €155,288 | €151,883 | -€3,405 | -2.2% |
| Current assets | 29/58 | €104,006 | €83,800 | -€20,206 | -19.4% |
| Amounts receivable within one year | 40/41 | €88,068 | €72,222 | -€15,846 | -18.0% |
| Trade receivables | 40 | €82,993 | €56,385 | -€26,609 | -32.1% |
| Other amounts receivable | 41 | €5,074 | €15,838 | +€10,763 | +212.1% |
| Cash at bank and in hand | 54/58 | €15,576 | €11,186 | -€4,390 | -28.2% |
| Deferred charges and accrued income | 490/1 | €363 | €392 | +€29 | +8.1% |
| Total equity and liabilities | 10/49 | €300,454 | €267,464 | -€32,990 | -11.0% |
| Equity | 10/15 | €86,982 | €153,865 | +€66,882 | +76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,382 | €135,265 | +€66,882 | +97.8% |
| Distributable reserves | 133 | €68,382 | €135,265 | +€66,882 | +97.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €213,472 | €113,600 | -€99,872 | -46.8% |
| Amounts payable after more than one year | 17 | €73,315 | €50,192 | -€23,123 | -31.5% |
| Financial debts | 170/4 | €73,315 | €50,192 | -€23,123 | -31.5% |
| Amounts payable within one year | 42/48 | €140,157 | €63,408 | -€76,749 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €22,119 | €23,123 | +€1,005 | +4.5% |
| Trade debts | 44 | €19,381 | €14,297 | -€5,084 | -26.2% |
| Suppliers | 440/4 | €19,381 | €14,297 | -€5,084 | -26.2% |
| Taxes, remuneration and social security | 45 | €25,828 | €24,206 | -€1,622 | -6.3% |
| Taxes | 450/3 | €25,828 | €24,206 | -€1,622 | -6.3% |
| Other amounts payable | 47/48 | €72,829 | €1,782 | -€71,047 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,745 | €28,446 | +€4,701 | +19.8% |
| Other operating charges | 640/8 | €3,081 | €511 | -€2,570 | -83.4% |
| Gross operating margin | 9900 | €122,048 | €114,301 | -€7,747 | -6.3% |
| Operating profit (loss) | 9901 | €95,222 | €85,344 | -€9,878 | -10.4% |
| Financial income | 75/76B | €0 | €6,769 | +€6,769 | +22564300.0% |
| Recurring financial income | 75 | €0 | €6,769 | +€6,769 | +22564300.0% |
| Financial charges | 65/66B | €5,360 | €7,393 | +€2,034 | +37.9% |
| Recurring financial charges | 65 | €5,360 | €7,393 | +€2,034 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €89,862 | €84,720 | -€5,142 | -5.7% |
| Income taxes | 67/77 | €21,480 | €17,837 | -€3,642 | -17.0% |
| Profit (loss) for the period | 9904 | €68,382 | €66,882 | -€1,500 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,382 | €66,882 | -€1,500 | -2.2% |
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 2 October 2026 via checked.be.