Tartino: what changed
Tartino
Largest movements
- Tangible fixed assets -€12,159
down €12,159 (-4.4%), from €273,585 to €261,426
of which Plant, machinery and equipment: -€12,966
- Cash -€4,578
down €4,578 (-90.3%), from €5,069 to €490
mainly Debts after one year (-€20,643) and Trade debts (-€14,575)
- Reserves +€21,685
up €21,685 (+28.2%), from €76,791 to €98,476
of which Distributable reserves: +€21,685
- Debts after one year -€20,643
down €20,643 (-11.6%), from €177,624 to €156,981
- Trade debts -€14,575
down €14,575 (-75.2%), from €19,381 to €4,807
- Current portion of long-term debt -€6,336
down €6,336 (-16.4%), from €38,613 to €32,277
- Gross operating margin +€4,773
up €4,773 (+7.9%), from €60,596 to €65,369
- Financial charges -€3,434
down €3,434 (-25.0%), from €13,753 to €10,319
- Taxes +€2,538
up €2,538 (+33.5%), from €7,577 to €10,115
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,059 | €319,541 | -€19,518 | -5.8% |
| Fixed assets | 21/28 | €273,585 | €261,426 | -€12,159 | -4.4% |
| Tangible fixed assets | 22/27 | €273,585 | €261,426 | -€12,159 | -4.4% |
| Land and buildings | 22 | €247,046 | €247,853 | +€807 | +0.3% |
| Plant, machinery and equipment | 23 | €26,539 | €13,573 | -€12,966 | -48.9% |
| Current assets | 29/58 | €65,474 | €58,115 | -€7,359 | -11.2% |
| Stocks and contracts in progress | 3 | €1,415 | €1,210 | -€205 | -14.5% |
| Stocks | 30/36 | €1,415 | €1,210 | -€205 | -14.5% |
| Amounts receivable within one year | 40/41 | €48,490 | €45,740 | -€2,750 | -5.7% |
| Trade receivables | 40 | €15,606 | €13,828 | -€1,778 | -11.4% |
| Other amounts receivable | 41 | €32,884 | €31,912 | -€973 | -3.0% |
| Cash at bank and in hand | 54/58 | €5,069 | €490 | -€4,578 | -90.3% |
| Deferred charges and accrued income | 490/1 | €10,500 | €10,675 | +€175 | +1.7% |
| Total equity and liabilities | 10/49 | €339,059 | €319,541 | -€19,518 | -5.8% |
| Equity | 10/15 | €98,965 | €120,650 | +€21,685 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,791 | €98,476 | +€21,685 | +28.2% |
| Non-distributable reserves | 130/1 | €911 | €911 | = | 0.0% |
| Reserves not available under the articles | 1311 | €911 | €911 | = | 0.0% |
| Distributable reserves | 133 | €75,880 | €97,566 | +€21,685 | +28.6% |
| Profit (loss) carried forward | 14 | €3,574 | €3,574 | = | 0.0% |
| Amounts payable | 17/49 | €240,094 | €198,891 | -€41,203 | -17.2% |
| Amounts payable after more than one year | 17 | €177,624 | €156,981 | -€20,643 | -11.6% |
| Financial debts | 170/4 | €177,624 | €156,981 | -€20,643 | -11.6% |
| Amounts payable within one year | 42/48 | €62,470 | €41,910 | -€20,560 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €38,613 | €32,277 | -€6,336 | -16.4% |
| Trade debts | 44 | €19,381 | €4,807 | -€14,575 | -75.2% |
| Suppliers | 440/4 | €19,381 | €4,807 | -€14,575 | -75.2% |
| Taxes, remuneration and social security | 45 | €4,476 | €4,826 | +€350 | +7.8% |
| Taxes | 450/3 | €4,476 | €4,826 | +€350 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,455 | €21,735 | +€280 | +1.3% |
| Other operating charges | 640/8 | €1,587 | €1,515 | -€72 | -4.5% |
| Gross operating margin | 9900 | €60,596 | €65,369 | +€4,773 | +7.9% |
| Operating profit (loss) | 9901 | €37,553 | €42,119 | +€4,565 | +12.2% |
| Financial charges | 65/66B | €13,753 | €10,319 | -€3,434 | -25.0% |
| Recurring financial charges | 65 | €13,753 | €10,319 | -€3,434 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €23,801 | €31,800 | +€7,999 | +33.6% |
| Income taxes | 67/77 | €7,577 | €10,115 | +€2,538 | +33.5% |
| Profit (loss) for the period | 9904 | €16,224 | €21,685 | +€5,461 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,224 | €21,685 | +€5,461 | +33.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.