TAURIS: 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.
TAURIS
Largest movements
- Current investments +€789,308
up €789,308 (+28.4%), from €2.8m to €3.6m
- Receivables after one year -€494,173
down €494,173 (-100.0%), from €494,173 to €0
- Cash -€259,353
down €259,353 (-22.1%), from €1.2m to €915,522
mainly Contributions, distributions and other (-€875,106) and Current investments (-€789,308)
- Receivables within one year +€100,013
up €100,013 (+19.5%), from €512,579 to €612,592
of which Trade receivables: +€184,357
- Reserves +€53,025
up €53,025 (+1.1%), from €4.7m to €4.8m
of which Distributable reserves: +€263,525
- Gross operating margin +€143,536
up €143,536 (+6.5%), from €2.2m to €2.4m
- Financial income +€128,358
up €128,358 (+303.3%), from €42,323 to €170,680
- Staff costs +€121,156
up €121,156 (+12.1%), from €1.0m to €1.1m
- Financial charges +€25,733
up €25,733 (+528.4%), from €4,870 to €30,603
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 | €5,200,166 | €5,257,499 | +€57,333 | +1.1% |
| Fixed assets | 21/28 | €201,168 | €146,297 | -€54,871 | -27.3% |
| Intangible fixed assets | 21 | €2,805 | €489 | -€2,317 | -82.6% |
| Tangible fixed assets | 22/27 | €81,074 | €74,392 | -€6,682 | -8.2% |
| Plant, machinery and equipment | 23 | €67,927 | €57,647 | -€10,280 | -15.1% |
| Furniture and vehicles | 24 | €13,147 | €16,745 | +€3,599 | +27.4% |
| Financial fixed assets | 28 | €117,289 | €71,416 | -€45,873 | -39.1% |
| Current assets | 29/58 | €4,998,998 | €5,111,202 | +€112,204 | +2.2% |
| Amounts receivable after more than one year | 29 | €494,173 | €0 | -€494,173 | -100.0% |
| Other amounts receivable | 291 | €494,173 | €0 | -€494,173 | -100.0% |
| Amounts receivable within one year | 40/41 | €512,579 | €612,592 | +€100,013 | +19.5% |
| Trade receivables | 40 | €378,093 | €562,450 | +€184,357 | +48.8% |
| Other amounts receivable | 41 | €134,486 | €50,143 | -€84,344 | -62.7% |
| Current investments | 50/53 | €2,778,164 | €3,567,472 | +€789,308 | +28.4% |
| Cash at bank and in hand | 54/58 | €1,174,875 | €915,522 | -€259,353 | -22.1% |
| Deferred charges and accrued income | 490/1 | €39,207 | €15,616 | -€23,591 | -60.2% |
| Total equity and liabilities | 10/49 | €5,200,166 | €5,257,499 | +€57,333 | +1.1% |
| Equity | 10/15 | €4,749,943 | €4,802,968 | +€53,025 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,731,343 | €4,784,368 | +€53,025 | +1.1% |
| Tax-exempt reserves | 132 | €589,400 | €378,900 | -€210,500 | -35.7% |
| Distributable reserves | 133 | €4,141,943 | €4,405,468 | +€263,525 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €450,223 | €454,531 | +€4,308 | +1.0% |
| Amounts payable within one year | 42/48 | €450,223 | €447,548 | -€2,675 | -0.6% |
| Trade debts | 44 | €54,861 | €64,705 | +€9,845 | +17.9% |
| Suppliers | 440/4 | €54,861 | €64,705 | +€9,845 | +17.9% |
| Taxes, remuneration and social security | 45 | €303,895 | €286,324 | -€17,571 | -5.8% |
| Taxes | 450/3 | €150,980 | €156,485 | +€5,504 | +3.6% |
| Remuneration and social security | 454/9 | €152,915 | €129,839 | -€23,075 | -15.1% |
| Other amounts payable | 47/48 | €91,467 | €96,519 | +€5,052 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €6,982 | +€6,982 | |
| Remuneration, social security and pensions | 62 | €1,003,925 | €1,125,082 | +€121,156 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,126 | €22,193 | -€10,934 | -33.0% |
| Other operating charges | 640/8 | €7,436 | €7,112 | -€324 | -4.4% |
| Gross operating margin | 9900 | €2,214,776 | €2,358,312 | +€143,536 | +6.5% |
| Operating profit (loss) | 9901 | €1,170,288 | €1,203,925 | +€33,637 | +2.9% |
| Financial income | 75/76B | €42,323 | €170,680 | +€128,358 | +303.3% |
| Recurring financial income | 75 | €42,323 | €170,680 | +€128,358 | +303.3% |
| Financial charges | 65/66B | €4,870 | €30,603 | +€25,733 | +528.4% |
| Recurring financial charges | 65 | €4,870 | €30,603 | +€25,733 | +528.4% |
| Profit (loss) for the period before taxes | 9903 | €1,207,740 | €1,344,002 | +€136,261 | +11.3% |
| Income taxes | 67/77 | €421,429 | €415,870 | -€5,559 | -1.3% |
| Profit (loss) for the period | 9904 | €786,311 | €928,131 | +€141,820 | +18.0% |
| Transfer from tax-exempt reserves | 789 | €422,400 | €210,500 | -€211,900 | -50.2% |
| Transfer to tax-exempt reserves | 689 | €130,510 | €0 | -€130,510 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,078,201 | €1,138,631 | +€60,430 | +5.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.