TAURUS PROJECTS: 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.
TAURUS PROJECTS
Largest movements
- Cash +€15,733
up €15,733 (+20.3%), from €77,413 to €93,147
mainly Net result for the year (+€54,118) and Depreciation (+€14,845)
- Tangible fixed assets -€11,436
down €11,436 (-20.7%), from €55,124 to €43,688
of which Furniture and vehicles: -€12,610
- Other debts +€12,696
up €12,696 (+23.1%), from €54,869 to €67,565
- Debts after one year -€9,982
down €9,982 (-31.9%), from €31,253 to €21,271
- Gross operating margin +€1,543
up €1,543 (+1.8%), from €84,985 to €86,527
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 | €172,333 | €176,578 | +€4,245 | +2.5% |
| Fixed assets | 21/28 | €55,124 | €43,688 | -€11,436 | -20.7% |
| Tangible fixed assets | 22/27 | €55,124 | €43,688 | -€11,436 | -20.7% |
| Furniture and vehicles | 24 | €55,124 | €42,514 | -€12,610 | -22.9% |
| Other tangible fixed assets | 26 | - | €1,174 | +€1,174 | |
| Current assets | 29/58 | €117,208 | €132,890 | +€15,681 | +13.4% |
| Amounts receivable within one year | 40/41 | €36,477 | €36,218 | -€258 | -0.7% |
| Trade receivables | 40 | €35,174 | €36,041 | +€867 | +2.5% |
| Other amounts receivable | 41 | €1,303 | €177 | -€1,126 | -86.4% |
| Cash at bank and in hand | 54/58 | €77,413 | €93,147 | +€15,733 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,319 | €3,525 | +€206 | +6.2% |
| Total equity and liabilities | 10/49 | €172,333 | €176,578 | +€4,245 | +2.5% |
| Equity | 10/15 | €73,298 | €72,718 | -€580 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,698 | €54,118 | -€580 | -1.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €54,698 | €54,118 | -€580 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,035 | €103,860 | +€4,825 | +4.9% |
| Amounts payable after more than one year | 17 | €31,253 | €21,271 | -€9,982 | -31.9% |
| Financial debts | 170/4 | €31,253 | €21,271 | -€9,982 | -31.9% |
| Amounts payable within one year | 42/48 | €67,782 | €82,343 | +€14,561 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €9,571 | €9,982 | +€412 | +4.3% |
| Trade debts | 44 | €1,939 | €3,238 | +€1,299 | +67.0% |
| Suppliers | 440/4 | €1,939 | €3,238 | +€1,299 | +67.0% |
| Taxes, remuneration and social security | 45 | €1,403 | €1,557 | +€154 | +11.0% |
| Taxes | 450/3 | €1,403 | €1,557 | +€154 | +11.0% |
| Other amounts payable | 47/48 | €54,869 | €67,565 | +€12,696 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,120 | €14,845 | +€724 | +5.1% |
| Other operating charges | 640/8 | €1,099 | €907 | -€192 | -17.5% |
| Gross operating margin | 9900 | €84,985 | €86,527 | +€1,543 | +1.8% |
| Operating profit (loss) | 9901 | €69,765 | €70,775 | +€1,010 | +1.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -93.2% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -93.2% |
| Financial charges | 65/66B | €2,237 | €1,835 | -€402 | -18.0% |
| Recurring financial charges | 65 | €2,237 | €1,835 | -€402 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €67,535 | €68,941 | +€1,406 | +2.1% |
| Income taxes | 67/77 | €14,697 | €14,823 | +€126 | +0.9% |
| Profit (loss) for the period | 9904 | €52,838 | €54,118 | +€1,280 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,838 | €54,118 | +€1,280 | +2.4% |
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 6 October 2026 via checked.be.