TARTINES: 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.
TARTINES
Largest movements
- Tangible fixed assets -€154,875
down €154,875 (-86.8%), from €178,487 to €23,612
of which Land and buildings: -€157,502
- Cash +€9,933
up €9,933 (+104%), from €9,555 to €19,488
mainly Investment in fixed assets (net) (+€147,970) and Depreciation (+€6,904)
- Receivables within one year +€3,453
up €3,453 (+98.0%), from €3,525 to €6,977
of which Trade receivables: +€4,205
- Debts after one year -€115,875
down €115,875 (-93.6%), from €123,766 to €7,892
- Current portion of long-term debt -€15,606
down €15,606 (-82.7%), from €18,862 to €3,257
- Reserves -€6,360
down €6,360 (-23.0%), from €27,699 to €21,339
- Short-term financial debts -€2,484
no longer reported in 2025 (was €2,484)
- Gross operating margin -€19,209
down €19,209 (-51.5%), from €37,297 to €18,087
- Depreciation -€11,406
down €11,406 (-62.3%), from €18,310 to €6,904
- Staff costs -€2,642
no longer reported in 2025 (was €2,642)
- Taxes -€1,764
down €1,764 (-83.1%), from €2,123 to €359
- Financial charges +€1,333
up €1,333 (+19.8%), from €6,726 to €8,060
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 | €195,046 | €53,608 | -€141,439 | -72.5% |
| Fixed assets | 21/28 | €181,097 | €26,222 | -€154,875 | -85.5% |
| Tangible fixed assets | 22/27 | €178,487 | €23,612 | -€154,875 | -86.8% |
| Land and buildings | 22 | €157,502 | - | -€157,502 | |
| Plant, machinery and equipment | 23 | €1,184 | €8,419 | +€7,235 | +611% |
| Furniture and vehicles | 24 | €18,421 | €14,088 | -€4,333 | -23.5% |
| Other tangible fixed assets | 26 | €1,379 | €1,105 | -€274 | -19.9% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €13,950 | €27,386 | +€13,436 | +96.3% |
| Amounts receivable within one year | 40/41 | €3,525 | €6,977 | +€3,453 | +98.0% |
| Trade receivables | 40 | €1,404 | €5,609 | +€4,205 | +300% |
| Other amounts receivable | 41 | €2,121 | €1,368 | -€752 | -35.5% |
| Cash at bank and in hand | 54/58 | €9,555 | €19,488 | +€9,933 | +104% |
| Deferred charges and accrued income | 490/1 | €870 | €920 | +€50 | +5.8% |
| Total equity and liabilities | 10/49 | €195,046 | €53,608 | -€141,439 | -72.5% |
| Equity | 10/15 | €34,201 | €27,056 | -€7,145 | -20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,699 | €21,339 | -€6,360 | -23.0% |
| Distributable reserves | 133 | €27,699 | €21,339 | -€6,360 | -23.0% |
| Profit (loss) carried forward | 14 | €301 | -€483 | -€785 | |
| Amounts payable | 17/49 | €160,846 | €26,552 | -€134,294 | -83.5% |
| Amounts payable after more than one year | 17 | €123,766 | €7,892 | -€115,875 | -93.6% |
| Financial debts | 170/4 | €123,766 | €7,892 | -€115,875 | -93.6% |
| Amounts payable within one year | 42/48 | €37,080 | €18,660 | -€18,419 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €18,862 | €3,257 | -€15,606 | -82.7% |
| Financial debts | 43 | €2,484 | - | -€2,484 | |
| Credit institutions | 430/8 | €2,484 | - | -€2,484 | |
| Trade debts | 44 | €7,947 | €8,633 | +€686 | +8.6% |
| Suppliers | 440/4 | €7,947 | €8,633 | +€686 | +8.6% |
| Taxes, remuneration and social security | 45 | €7,786 | €6,770 | -€1,016 | -13.0% |
| Taxes | 450/3 | €4,786 | €3,770 | -€1,016 | -21.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,240 | - | -€1,240 | |
| Remuneration, social security and pensions | 62 | €2,642 | - | -€2,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,310 | €6,904 | -€11,406 | -62.3% |
| Other operating charges | 640/8 | €4,290 | €3,402 | -€888 | -20.7% |
| Non-recurring operating charges | 66A | - | €6,779 | +€6,779 | |
| Gross operating margin | 9900 | €37,297 | €18,087 | -€19,209 | -51.5% |
| Operating profit (loss) | 9901 | €12,054 | €1,002 | -€11,052 | -91.7% |
| Financial income | 75/76B | €5 | €272 | +€267 | +4,914% |
| Recurring financial income | 75 | €5 | €272 | +€267 | +4,914% |
| Financial charges | 65/66B | €6,726 | €8,060 | +€1,333 | +19.8% |
| Recurring financial charges | 65 | €6,726 | €8,060 | +€1,333 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €5,333 | -€6,786 | -€12,119 | |
| Income taxes | 67/77 | €2,123 | €359 | -€1,764 | -83.1% |
| Profit (loss) for the period | 9904 | €3,210 | -€7,145 | -€10,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,210 | -€7,145 | -€10,355 |
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 18 October 2026 via checked.be.