TarTarT: 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.
TarTarT
Largest movements
- Receivables within one year -€420,683
down €420,683 (-75.9%), from €553,948 to €133,265
of which Trade receivables: -€374,588
- Cash +€258,410
up €258,410 (+867%), from €29,819 to €288,228
mainly Receivables within one year (+€420,683) and Current investments (+€66,628)
- Current investments -€66,628
down €66,628 (-100%), from €66,628 to €0
- Deferred charges and accrued income +€25,387
up €25,387 (+233%), from €10,906 to €36,294
- Tangible fixed assets +€15,446
up €15,446 (+44.8%), from €34,509 to €49,955
of which Furniture and vehicles: +€7,966
- Accrued charges and deferred income -€221,885
down €221,885 (-77.6%), from €285,885 to €64,000
- Profit (loss) carried forward +€50,776
up €50,776 (+45.9%), from €110,547 to €161,323
- Debts within one year -€24,521
down €24,521 (-12.7%), from €193,159 to €168,638
of which Trade debts: -€45,890
- Gross operating margin +€174,714
up €174,714 (+25.5%), from €685,487 to €860,202
- Other operating charges +€100,019
up €100,019 (+231%), from €43,280 to €143,299
- Staff costs +€56,534
up €56,534 (+12.5%), from €453,846 to €510,380
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 | €719,591 | €523,961 | -€195,630 | -27.2% |
| Fixed assets | 21/28 | €58,290 | €66,174 | +€7,884 | +13.5% |
| Intangible fixed assets | 21 | €23,631 | €16,069 | -€7,562 | -32.0% |
| Tangible fixed assets | 22/27 | €34,509 | €49,955 | +€15,446 | +44.8% |
| Plant, machinery and equipment | 23 | €24,683 | €30,823 | +€6,140 | +24.9% |
| Furniture and vehicles | 24 | €6,071 | €14,037 | +€7,966 | +131% |
| Other tangible fixed assets | 26 | €3,755 | €5,096 | +€1,340 | +35.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €661,302 | €457,787 | -€203,514 | -30.8% |
| Amounts receivable within one year | 40/41 | €553,948 | €133,265 | -€420,683 | -75.9% |
| Trade receivables | 40 | €379,841 | €5,253 | -€374,588 | -98.6% |
| Other amounts receivable | 41 | €174,108 | €128,013 | -€46,095 | -26.5% |
| Current investments | 50/53 | €66,628 | €0 | -€66,628 | -100% |
| Cash at bank and in hand | 54/58 | €29,819 | €288,228 | +€258,410 | +867% |
| Deferred charges and accrued income | 490/1 | €10,906 | €36,294 | +€25,387 | +233% |
| Total equity and liabilities | 10/49 | €719,591 | €523,961 | -€195,630 | -27.2% |
| Equity | 10/15 | €240,547 | €291,323 | +€50,776 | +21.1% |
| Reserves | 13 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,547 | €161,323 | +€50,776 | +45.9% |
| Amounts payable | 17/49 | €479,044 | €232,638 | -€246,406 | -51.4% |
| Amounts payable within one year | 42/48 | €193,159 | €168,638 | -€24,521 | -12.7% |
| Trade debts | 44 | €121,008 | €75,118 | -€45,890 | -37.9% |
| Suppliers | 440/4 | €121,008 | €75,118 | -€45,890 | -37.9% |
| Taxes, remuneration and social security | 45 | €71,851 | €92,685 | +€20,835 | +29.0% |
| Taxes | 450/3 | €160 | €13,915 | +€13,755 | +8,597% |
| Remuneration and social security | 454/9 | €71,691 | €78,771 | +€7,080 | +9.9% |
| Accrued charges and deferred income | 492/3 | €285,885 | €64,000 | -€221,885 | -77.6% |
| Non-recurring operating income | 76A | €80,483 | €94,379 | +€13,895 | +17.3% |
| Remuneration, social security and pensions | 62 | €453,846 | €510,380 | +€56,534 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,343 | €25,504 | +€3,161 | +14.1% |
| Other operating charges | 640/8 | €43,280 | €143,299 | +€100,019 | +231% |
| Non-recurring operating charges | 66A | €88,994 | €131,974 | +€42,981 | +48.3% |
| Gross operating margin | 9900 | €685,487 | €860,202 | +€174,714 | +25.5% |
| Operating profit (loss) | 9901 | €77,025 | €49,044 | -€27,981 | -36.3% |
| Financial income | 75/76B | €1,313 | €2,659 | +€1,347 | +103% |
| Recurring financial income | 75 | €1,313 | €2,659 | +€1,347 | +103% |
| Financial charges | 65/66B | €2,328 | €314 | -€2,014 | -86.5% |
| Recurring financial charges | 65 | €2,328 | €314 | -€2,014 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €76,010 | €51,390 | -€24,620 | -32.4% |
| Income taxes | 67/77 | €160 | €614 | +€454 | +284% |
| Profit (loss) for the period | 9904 | €75,850 | €50,776 | -€25,074 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,850 | €50,776 | -€25,074 | -33.1% |
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 25 October 2026 via checked.be.