TARTARUS ENGINEERING: 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.
TARTARUS ENGINEERING
Largest movements
- Cash +€18,567
up €18,567 (+57.7%), from €32,203 to €50,770
mainly Net result for the year (+€37,204) and Other debts (+€36,345)
- Tangible fixed assets +€16,653
up €16,653 (+220.1%), from €7,568 to €24,221
of which Furniture and vehicles: +€16,683
- Receivables within one year -€10,786
down €10,786 (-31.1%), from €34,714 to €23,928
of which Other amounts receivable: -€6,612
- Other debts +€36,345
up €36,345 (+4231.1%), from €859 to €37,204
- Reserves -€30,693
down €30,693 (-41.7%), from €73,662 to €42,969
- Debts after one year +€12,018
new in 2025: €12,018
- Trade debts +€3,224
up €3,224 (+364.0%), from €886 to €4,109
- Current portion of long-term debt +€2,928
new in 2025: €2,928
- Gross operating margin +€9,979
up €9,979 (+22.5%), from €44,366 to €54,344
- Taxes +€1,732
up €1,732 (+17.4%), from €9,979 to €11,711
- Financial charges +€996
up €996 (+574.2%), from €173 to €1,169
- Depreciation +€994
up €994 (+30.2%), from €3,286 to €4,279
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 | €85,388 | €110,271 | +€24,883 | +29.1% |
| Fixed assets | 21/28 | €7,568 | €24,221 | +€16,653 | +220.1% |
| Tangible fixed assets | 22/27 | €7,568 | €24,221 | +€16,653 | +220.1% |
| Plant, machinery and equipment | 23 | €2,507 | €2,581 | +€74 | +2.9% |
| Furniture and vehicles | 24 | €3,994 | €20,676 | +€16,683 | +417.7% |
| Other tangible fixed assets | 26 | €1,067 | €964 | -€103 | -9.6% |
| Current assets | 29/58 | €77,820 | €86,050 | +€8,230 | +10.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,714 | €23,928 | -€10,786 | -31.1% |
| Trade receivables | 40 | €25,955 | €21,780 | -€4,175 | -16.1% |
| Other amounts receivable | 41 | €8,760 | €2,148 | -€6,612 | -75.5% |
| Cash at bank and in hand | 54/58 | €32,203 | €50,770 | +€18,567 | +57.7% |
| Deferred charges and accrued income | 490/1 | €903 | €1,352 | +€449 | +49.7% |
| Total equity and liabilities | 10/49 | €85,388 | €110,271 | +€24,883 | +29.1% |
| Equity | 10/15 | €76,662 | €45,969 | -€30,693 | -40.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,662 | €42,969 | -€30,693 | -41.7% |
| Distributable reserves | 133 | €73,662 | €42,969 | -€30,693 | -41.7% |
| Amounts payable | 17/49 | €8,726 | €64,302 | +€55,576 | +636.9% |
| Amounts payable after more than one year | 17 | - | €12,018 | +€12,018 | |
| Financial debts | 170/4 | - | €12,018 | +€12,018 | |
| Amounts payable within one year | 42/48 | €8,642 | €52,174 | +€43,532 | +503.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,928 | +€2,928 | |
| Trade debts | 44 | €886 | €4,109 | +€3,224 | +364.0% |
| Suppliers | 440/4 | €886 | €4,109 | +€3,224 | +364.0% |
| Taxes, remuneration and social security | 45 | €6,897 | €7,932 | +€1,035 | +15.0% |
| Taxes | 450/3 | €6,897 | €7,932 | +€1,035 | +15.0% |
| Other amounts payable | 47/48 | €859 | €37,204 | +€36,345 | +4231.1% |
| Accrued charges and deferred income | 492/3 | €84 | €109 | +€25 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,286 | €4,279 | +€994 | +30.2% |
| Other operating charges | 640/8 | €141 | €617 | +€476 | +338.9% |
| Non-recurring operating charges | 66A | - | €71 | +€71 | |
| Gross operating margin | 9900 | €44,366 | €54,344 | +€9,979 | +22.5% |
| Operating profit (loss) | 9901 | €40,940 | €49,377 | +€8,437 | +20.6% |
| Financial income | 75/76B | €764 | €708 | -€56 | -7.4% |
| Recurring financial income | 75 | €764 | €708 | -€56 | -7.4% |
| Financial charges | 65/66B | €173 | €1,169 | +€996 | +574.2% |
| Recurring financial charges | 65 | €173 | €1,169 | +€996 | +574.2% |
| Profit (loss) for the period before taxes | 9903 | €41,530 | €48,915 | +€7,385 | +17.8% |
| Income taxes | 67/77 | €9,979 | €11,711 | +€1,732 | +17.4% |
| Profit (loss) for the period | 9904 | €31,552 | €37,204 | +€5,653 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,552 | €37,204 | +€5,653 | +17.9% |
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 1 October 2026 via checked.be.