TARSUS: 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.
TARSUS
Largest movements
- Cash +€85,469
up €85,469 (+266%), from €32,130 to €117,599
mainly Depreciation (+€34,710) and Net result for the year (+€28,645)
- Tangible fixed assets -€26,008
down €26,008 (-11.0%), from €236,144 to €210,136
of which Land and buildings: -€15,337
- Receivables within one year -€19,292
down €19,292 (-55.3%), from €34,868 to €15,577
of which Trade receivables: -€18,970
- Receivables after one year -€7,434
down €7,434 (-57.7%), from €12,884 to €5,450
- Reserves +€28,645
up €28,645 (+28.4%), from €100,882 to €129,527
of which Distributable reserves: +€28,645
- Gross operating margin -€10,908
down €10,908 (-12.9%), from €84,656 to €73,749
- Depreciation -€7,405
down €7,405 (-17.6%), from €42,115 to €34,710
- Taxes -€862
down €862 (-7.1%), from €12,068 to €11,206
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 | €536,257 | €570,399 | +€34,142 | +6.4% |
| Fixed assets | 21/28 | €236,144 | €210,136 | -€26,008 | -11.0% |
| Tangible fixed assets | 22/27 | €236,144 | €210,136 | -€26,008 | -11.0% |
| Land and buildings | 22 | €200,172 | €184,834 | -€15,337 | -7.7% |
| Furniture and vehicles | 24 | €35,972 | €25,302 | -€10,671 | -29.7% |
| Current assets | 29/58 | €300,113 | €360,263 | +€60,150 | +20.0% |
| Amounts receivable after more than one year | 29 | €12,884 | €5,450 | -€7,434 | -57.7% |
| Other amounts receivable | 291 | €12,884 | €5,450 | -€7,434 | -57.7% |
| Amounts receivable within one year | 40/41 | €34,868 | €15,577 | -€19,292 | -55.3% |
| Trade receivables | 40 | €34,546 | €15,577 | -€18,970 | -54.9% |
| Other amounts receivable | 41 | €322 | - | -€322 | |
| Current investments | 50/53 | €220,232 | €221,638 | +€1,407 | +0.6% |
| Cash at bank and in hand | 54/58 | €32,130 | €117,599 | +€85,469 | +266% |
| Total equity and liabilities | 10/49 | €536,257 | €570,399 | +€34,142 | +6.4% |
| Equity | 10/15 | €513,971 | €542,617 | +€28,645 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,882 | €129,527 | +€28,645 | +28.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,022 | €127,667 | +€28,645 | +28.9% |
| Profit (loss) carried forward | 14 | €400,690 | €400,690 | = | 0.0% |
| Amounts payable | 17/49 | €22,286 | €27,782 | +€5,496 | +24.7% |
| Amounts payable within one year | 42/48 | €22,286 | €27,782 | +€5,496 | +24.7% |
| Trade debts | 44 | €1,248 | €4,750 | +€3,502 | +281% |
| Suppliers | 440/4 | €1,248 | €4,750 | +€3,502 | +281% |
| Taxes, remuneration and social security | 45 | €7,301 | €8,299 | +€998 | +13.7% |
| Taxes | 450/3 | €7,301 | €8,299 | +€998 | +13.7% |
| Other amounts payable | 47/48 | €13,737 | €14,733 | +€996 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,115 | €34,710 | -€7,405 | -17.6% |
| Other operating charges | 640/8 | €1,464 | €1,046 | -€418 | -28.5% |
| Gross operating margin | 9900 | €84,656 | €73,749 | -€10,908 | -12.9% |
| Operating profit (loss) | 9901 | €41,077 | €37,992 | -€3,085 | -7.5% |
| Financial income | 75/76B | €1,473 | €2,097 | +€623 | +42.3% |
| Recurring financial income | 75 | €1,473 | €2,097 | +€623 | +42.3% |
| Financial charges | 65/66B | €186 | €237 | +€52 | +27.8% |
| Recurring financial charges | 65 | €186 | €237 | +€52 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €42,364 | €39,851 | -€2,513 | -5.9% |
| Income taxes | 67/77 | €12,068 | €11,206 | -€862 | -7.1% |
| Profit (loss) for the period | 9904 | €30,296 | €28,645 | -€1,651 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,296 | €28,645 | -€1,651 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.