TARSAN: 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.
TARSAN
Largest movements
- Tangible fixed assets -€258,256
down €258,256 (-10.3%), from €2.5m to €2.3m
of which Plant, machinery and equipment: -€191,178
- Cash +€115,446
up €115,446 (+29.6%), from €389,530 to €504,976
mainly Depreciation (+€384,472) and Net result for the year (+€141,008)
- Trade debts -€359,832
down €359,832 (-51.0%), from €705,381 to €345,550
- Debts after one year -€158,061
down €158,061 (-7.2%), from €2.2m to €2.0m
- Profit (loss) carried forward +€141,008
up €141,008, from -€61,363 to €79,644
- Tax, wage and social debts +€137,833
up €137,833 (+63.3%), from €217,755 to €355,589
of which Taxes: +€109,772
- Current portion of long-term debt +€101,488
up €101,488 (+42.3%), from €239,648 to €341,136
- Gross operating margin +€1.7m
up €1.7m (+632.5%), from €266,190 to €1.9m
- Staff costs +€950,957
up €950,957 (+331.5%), from €286,834 to €1.2m
- Depreciation +€348,774
up €348,774 (+977.0%), from €35,698 to €384,472
- Financial charges +€181,727
up €181,727 (+4040.5%), from €4,498 to €186,225
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,457,439 | €3,328,731 | -€128,708 | -3.7% |
| Fixed assets | 21/28 | €2,515,684 | €2,257,428 | -€258,256 | -10.3% |
| Tangible fixed assets | 22/27 | €2,515,684 | €2,257,428 | -€258,256 | -10.3% |
| Plant, machinery and equipment | 23 | €1,095,771 | €904,593 | -€191,178 | -17.4% |
| Furniture and vehicles | 24 | - | €50,711 | +€50,711 | |
| Other tangible fixed assets | 26 | €1,419,913 | €1,302,124 | -€117,790 | -8.3% |
| Current assets | 29/58 | €941,755 | €1,071,303 | +€129,548 | +13.8% |
| Stocks and contracts in progress | 3 | €410,010 | €430,757 | +€20,747 | +5.1% |
| Stocks | 30/36 | €410,010 | €430,757 | +€20,747 | +5.1% |
| Amounts receivable within one year | 40/41 | €59,861 | €51,388 | -€8,473 | -14.2% |
| Trade receivables | 40 | €59,861 | €25,576 | -€34,285 | -57.3% |
| Other amounts receivable | 41 | - | €25,812 | +€25,812 | |
| Cash at bank and in hand | 54/58 | €389,530 | €504,976 | +€115,446 | +29.6% |
| Deferred charges and accrued income | 490/1 | €82,354 | €84,182 | +€1,827 | +2.2% |
| Total equity and liabilities | 10/49 | €3,457,439 | €3,328,731 | -€128,708 | -3.7% |
| Equity | 10/15 | €38,637 | €179,644 | +€141,008 | +365.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,363 | €79,644 | +€141,008 | |
| Amounts payable | 17/49 | €3,418,803 | €3,149,086 | -€269,716 | -7.9% |
| Amounts payable after more than one year | 17 | €2,204,669 | €2,046,608 | -€158,061 | -7.2% |
| Financial debts | 170/4 | €2,204,669 | €2,046,608 | -€158,061 | -7.2% |
| Amounts payable within one year | 42/48 | €1,214,134 | €1,042,274 | -€171,860 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €239,648 | €341,136 | +€101,488 | +42.3% |
| Trade debts | 44 | €705,381 | €345,550 | -€359,832 | -51.0% |
| Suppliers | 440/4 | €705,381 | €345,550 | -€359,832 | -51.0% |
| Taxes, remuneration and social security | 45 | €217,755 | €355,589 | +€137,833 | +63.3% |
| Taxes | 450/3 | €105,219 | €214,991 | +€109,772 | +104.3% |
| Remuneration and social security | 454/9 | €112,537 | €140,598 | +€28,061 | +24.9% |
| Other amounts payable | 47/48 | €51,349 | €0 | -€51,349 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €60,205 | +€60,205 | |
| Non-recurring operating income | 76A | - | €30,074 | +€30,074 | |
| Remuneration, social security and pensions | 62 | €286,834 | €1,237,791 | +€950,957 | +331.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,698 | €384,472 | +€348,774 | +977.0% |
| Other operating charges | 640/8 | €524 | €1,017 | +€493 | +94.1% |
| Gross operating margin | 9900 | €266,190 | €1,949,754 | +€1.7m | +632.5% |
| Operating profit (loss) | 9901 | -€56,866 | €326,474 | +€383,340 | |
| Financial income | 75/76B | - | €759 | +€759 | |
| Recurring financial income | 75 | - | €759 | +€759 | |
| Financial charges | 65/66B | €4,498 | €186,225 | +€181,727 | +4040.5% |
| Recurring financial charges | 65 | €4,498 | €186,225 | +€181,727 | +4040.5% |
| Profit (loss) for the period before taxes | 9903 | -€61,363 | €141,008 | +€202,371 | |
| Profit (loss) for the period | 9904 | -€61,363 | €141,008 | +€202,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,363 | €141,008 | +€202,371 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.