TARY CONSTRUCT: 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.
TARY CONSTRUCT
Largest movements
- Receivables within one year -€42,563
down €42,563 (-88.9%), from €47,878 to €5,315
of which Trade receivables: -€44,568
- Cash +€41,519
up €41,519 (+281.8%), from €14,734 to €56,253
mainly Receivables within one year (+€42,563) and Net result for the year (+€15,532)
- Tangible fixed assets +€9,035
up €9,035 (+201.3%), from €4,489 to €13,524
of which Furniture and vehicles: +€8,248
- Profit (loss) carried forward +€15,532
up €15,532 (+38.8%), from €40,052 to €55,584
- Tax, wage and social debts -€7,561
down €7,561 (-40.1%), from €18,877 to €11,316
of which Remuneration and social security: -€5,500
- Other debts +€1,975
new in 2025: €1,975
- Accrued charges and deferred income -€1,775
no longer reported in 2025 (was €1,775)
- Gross operating margin -€7,981
down €7,981 (-25.0%), from €31,948 to €23,967
- Taxes -€3,287
down €3,287 (-45.0%), from €7,301 to €4,014
- Depreciation +€1,346
up €1,346 (+53.1%), from €2,534 to €3,880
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 | €67,602 | €75,763 | +€8,161 | +12.1% |
| Fixed assets | 21/28 | €4,489 | €13,524 | +€9,035 | +201.3% |
| Tangible fixed assets | 22/27 | €4,489 | €13,524 | +€9,035 | +201.3% |
| Plant, machinery and equipment | 23 | - | €787 | +€787 | |
| Furniture and vehicles | 24 | €4,489 | €12,737 | +€8,248 | +183.7% |
| Current assets | 29/58 | €63,113 | €62,239 | -€874 | -1.4% |
| Amounts receivable within one year | 40/41 | €47,878 | €5,315 | -€42,563 | -88.9% |
| Trade receivables | 40 | €44,568 | - | -€44,568 | |
| Other amounts receivable | 41 | €3,310 | €5,315 | +€2,005 | +60.6% |
| Cash at bank and in hand | 54/58 | €14,734 | €56,253 | +€41,519 | +281.8% |
| Deferred charges and accrued income | 490/1 | €501 | €670 | +€169 | +33.8% |
| Total equity and liabilities | 10/49 | €67,602 | €75,763 | +€8,161 | +12.1% |
| Equity | 10/15 | €42,052 | €57,584 | +€15,532 | +36.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €40,052 | €55,584 | +€15,532 | +38.8% |
| Amounts payable | 17/49 | €25,550 | €18,179 | -€7,371 | -28.9% |
| Amounts payable within one year | 42/48 | €23,775 | €18,179 | -€5,596 | -23.5% |
| Trade debts | 44 | €4,898 | €4,888 | -€10 | -0.2% |
| Suppliers | 440/4 | €4,898 | €4,888 | -€10 | -0.2% |
| Taxes, remuneration and social security | 45 | €18,877 | €11,316 | -€7,561 | -40.1% |
| Taxes | 450/3 | €13,377 | €11,316 | -€2,061 | -15.4% |
| Remuneration and social security | 454/9 | €5,500 | - | -€5,500 | |
| Other amounts payable | 47/48 | - | €1,975 | +€1,975 | |
| Accrued charges and deferred income | 492/3 | €1,775 | - | -€1,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,534 | €3,880 | +€1,346 | +53.1% |
| Other operating charges | 640/8 | €190 | €436 | +€246 | +129.4% |
| Gross operating margin | 9900 | €31,948 | €23,967 | -€7,981 | -25.0% |
| Operating profit (loss) | 9901 | €29,224 | €19,651 | -€9,573 | -32.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €96 | €104 | +€8 | +8.8% |
| Recurring financial charges | 65 | €96 | €104 | +€8 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €29,128 | €19,546 | -€9,582 | -32.9% |
| Income taxes | 67/77 | €7,301 | €4,014 | -€3,287 | -45.0% |
| Profit (loss) for the period | 9904 | €21,827 | €15,532 | -€6,295 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,827 | €15,532 | -€6,295 | -28.8% |
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 3 October 2026 via checked.be.