Taurus Holding: 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.
What changed
Taurus Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€48,489
2024 · -€33,007-€15,482
Equity
€1.8m
2024 · €1.9m-€48,489
Cash
€21,674
2024 · €18,940+€2,734
Balance sheet total
€2.2m
2024 · €2.3m-€22,457
Largest movements
Assets
- Stocks and contracts -€41,755
down €41,755 (-24.6%), from €169,870 to €128,115
Equity and liabilities
- Current portion of long-term debt -€122,934
down €122,934 (-81.9%), from €150,169 to €27,235
- Debts after one year +€106,500
up €106,500 (+55.3%), from €192,500 to €299,000
- Profit (loss) carried forward -€48,489
down €48,489 (-2.6%), from €1.9m to €1.8m
- Trade debts +€25,949
up €25,949 (+272%), from €9,531 to €35,480
Income statement
- Taxes -€8,459
down €8,459 (-91.9%), from €9,202 to €743
- Financial charges +€7,470
up €7,470 (+98.1%), from €7,614 to €15,084
- Gross operating margin -€7,417
down €7,417 (-21.6%), from -€34,407 to -€41,825
- Financial income -€7,291
down €7,291 (-19.3%), from €37,704 to €30,413
- Depreciation +€1,765
up €1,765 (+10.1%), from €17,534 to €19,299
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.
Result 2024
-€33,007
Gross operating margin
-€7,417
Depreciation
-€1,765
Other operating charges
+€2
Financial income
-€7,291
Financial charges
-€7,470
Taxes
+€8,459
Result 2025
-€48,489
raises the resultlowers the result
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.
From operations
+€24,983
Investment
-€5,814
Financing
-€16,434
Cash 2024
€18,940
From operations (derived)
+€24,983
Net result for the year
-€48,489
Depreciation
+€19,299
Stocks and contracts
+€41,755
Receivables within one year
-€16,515
Deferred charges and accrued income
-€13,533
Trade debts
+€25,949
Tax, wage and social debts
+€4,035
Other debts
+€12,482
Investment (derived)
-€5,814
Investment in fixed assets (net)
-€5,814
Financing
-€16,434
Debts after one year
+€106,500
Current portion of long-term debt
-€122,934
Cash 2025
€21,674
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,251,320 | €2,228,863 | -€22,457 | -1.0% |
| Fixed assets | 21/28 | €797,283 | €783,799 | -€13,485 | -1.7% |
| Intangible fixed assets | 21 | €22,513 | €16,812 | -€5,701 | -25.3% |
| Tangible fixed assets | 22/27 | €766,020 | €758,236 | -€7,784 | -1.0% |
| Land and buildings | 22 | €707,779 | €707,779 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,747 | €2,033 | +€286 | +16.4% |
| Furniture and vehicles | 24 | €25,208 | €23,912 | -€1,296 | -5.1% |
| Other tangible fixed assets | 26 | €31,286 | €24,512 | -€6,773 | -21.7% |
| Financial fixed assets | 28 | €8,750 | €8,750 | = | 0.0% |
| Current assets | 29/58 | €1,454,037 | €1,445,064 | -€8,973 | -0.6% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,100,000 | €1,100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €169,870 | €128,115 | -€41,755 | -24.6% |
| Stocks | 30/36 | €169,870 | €128,115 | -€41,755 | -24.6% |
| Amounts receivable within one year | 40/41 | €12,321 | €28,835 | +€16,515 | +134% |
| Trade receivables | 40 | €5,044 | €28,835 | +€23,791 | +472% |
| Other amounts receivable | 41 | €7,276 | - | -€7,276 | |
| Cash at bank and in hand | 54/58 | €18,940 | €21,674 | +€2,734 | +14.4% |
| Deferred charges and accrued income | 490/1 | €152,907 | €166,440 | +€13,533 | +8.9% |
| Total equity and liabilities | 10/49 | €2,251,320 | €2,228,863 | -€22,457 | -1.0% |
| Equity | 10/15 | €1,893,238 | €1,844,748 | -€48,489 | -2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,882,238 | €1,833,748 | -€48,489 | -2.6% |
| Amounts payable | 17/49 | €358,082 | €384,114 | +€26,032 | +7.3% |
| Amounts payable after more than one year | 17 | €192,500 | €299,000 | +€106,500 | +55.3% |
| Financial debts | 170/4 | €192,500 | €299,000 | +€106,500 | +55.3% |
| Amounts payable within one year | 42/48 | €165,582 | €85,114 | -€80,468 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €150,169 | €27,235 | -€122,934 | -81.9% |
| Trade debts | 44 | €9,531 | €35,480 | +€25,949 | +272% |
| Suppliers | 440/4 | €9,531 | €35,480 | +€25,949 | +272% |
| Taxes, remuneration and social security | 45 | €5,882 | €9,918 | +€4,035 | +68.6% |
| Taxes | 450/3 | €5,882 | €9,212 | +€3,330 | +56.6% |
| Remuneration and social security | 454/9 | - | €706 | +€706 | |
| Other amounts payable | 47/48 | - | €12,482 | +€12,482 | |
| Non-recurring operating income | 76A | €38,175 | - | -€38,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,534 | €19,299 | +€1,765 | +10.1% |
| Other operating charges | 640/8 | €1,954 | €1,952 | -€2 | -0.1% |
| Gross operating margin | 9900 | -€34,407 | -€41,825 | -€7,417 | -21.6% |
| Operating profit (loss) | 9901 | -€53,895 | -€63,075 | -€9,180 | -17.0% |
| Financial income | 75/76B | €37,704 | €30,413 | -€7,291 | -19.3% |
| Recurring financial income | 75 | €37,704 | €30,413 | -€7,291 | -19.3% |
| Financial charges | 65/66B | €7,614 | €15,084 | +€7,470 | +98.1% |
| Recurring financial charges | 65 | €7,614 | €15,084 | +€7,470 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,805 | -€47,746 | -€23,941 | -101% |
| Income taxes | 67/77 | €9,202 | €743 | -€8,459 | -91.9% |
| Profit (loss) for the period | 9904 | -€33,007 | -€48,489 | -€15,482 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,007 | -€48,489 | -€15,482 | -46.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.