TAURUS: 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.
TAURUS
Largest movements
- Tangible fixed assets -€45,676
down €45,676 (-4.3%), from €1.1m to €1.0m
of which Land and buildings: -€43,894
- Receivables within one year -€15,097
down €15,097 (-31.0%), from €48,696 to €33,599
- Cash -€11,610
down €11,610 (-97.4%), from €11,915 to €305
mainly Other debts (-€32,235) and Net result for the year (-€24,195)
- Other debts -€32,235
down €32,235 (-4.7%), from €680,651 to €648,416
- Profit (loss) carried forward -€24,195
new in 2025: -€24,195
- Current portion of long-term debt -€20,500
no longer reported in 2025 (was €20,500)
- Gross operating margin -€43,942
down €43,942 (-48.8%), from €90,026 to €46,084
- Financial charges -€3,215
down €3,215 (-16.2%), from €19,806 to €16,591
- Other operating charges +€1,182
up €1,182 (+14.2%), from €8,306 to €9,488
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 | €1,135,153 | €1,062,770 | -€72,383 | -6.4% |
| Fixed assets | 21/28 | €1,074,542 | €1,028,866 | -€45,676 | -4.3% |
| Tangible fixed assets | 22/27 | €1,074,042 | €1,028,366 | -€45,676 | -4.3% |
| Land and buildings | 22 | €1,063,859 | €1,019,965 | -€43,894 | -4.1% |
| Plant, machinery and equipment | 23 | €10,183 | €8,401 | -€1,782 | -17.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €60,611 | €33,904 | -€26,707 | -44.1% |
| Amounts receivable within one year | 40/41 | €48,696 | €33,599 | -€15,097 | -31.0% |
| Other amounts receivable | 41 | €48,696 | €33,599 | -€15,097 | -31.0% |
| Cash at bank and in hand | 54/58 | €11,915 | €305 | -€11,610 | -97.4% |
| Total equity and liabilities | 10/49 | €1,135,153 | €1,062,770 | -€72,383 | -6.4% |
| Equity | 10/15 | €212,189 | €187,994 | -€24,195 | -11.4% |
| Contributions | 10/11 | €207,000 | €207,000 | = | 0.0% |
| Capital | 10 | €207,000 | €207,000 | = | 0.0% |
| Issued capital | 100 | €207,000 | €207,000 | = | 0.0% |
| Reserves | 13 | €5,189 | €5,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €854 | €854 | = | 0.0% |
| Legal reserve | 130 | €854 | €854 | = | 0.0% |
| Distributable reserves | 133 | €4,335 | €4,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,195 | -€24,195 | |
| Amounts payable | 17/49 | €922,964 | €874,776 | -€48,188 | -5.2% |
| Amounts payable after more than one year | 17 | €218,541 | €218,334 | -€207 | -0.1% |
| Financial debts | 170/4 | €218,541 | €218,334 | -€207 | -0.1% |
| Amounts payable within one year | 42/48 | €704,423 | €656,442 | -€47,981 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €20,500 | - | -€20,500 | |
| Trade debts | 44 | €2,448 | €5,599 | +€3,151 | +128.7% |
| Suppliers | 440/4 | €2,448 | €5,599 | +€3,151 | +128.7% |
| Taxes, remuneration and social security | 45 | €824 | €2,427 | +€1,603 | +194.5% |
| Taxes | 450/3 | €824 | €2,427 | +€1,603 | +194.5% |
| Other amounts payable | 47/48 | €680,651 | €648,416 | -€32,235 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,136 | €45,676 | -€460 | -1.0% |
| Other operating charges | 640/8 | €8,306 | €9,488 | +€1,182 | +14.2% |
| Gross operating margin | 9900 | €90,026 | €46,084 | -€43,942 | -48.8% |
| Operating profit (loss) | 9901 | €35,584 | -€9,080 | -€44,664 | |
| Financial income | 75/76B | €1,683 | €1,652 | -€31 | -1.8% |
| Recurring financial income | 75 | €1,683 | €1,652 | -€31 | -1.8% |
| Financial charges | 65/66B | €19,806 | €16,591 | -€3,215 | -16.2% |
| Recurring financial charges | 65 | €19,806 | €16,591 | -€3,215 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €17,461 | -€24,019 | -€41,480 | |
| Income taxes | 67/77 | €372 | €176 | -€196 | -52.7% |
| Profit (loss) for the period | 9904 | €17,089 | -€24,195 | -€41,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,089 | -€24,195 | -€41,284 |
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 11 October 2026 via checked.be.