JOHAN TAVERNIERS: 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.
JOHAN TAVERNIERS
Largest movements
- Tangible fixed assets +€224,318
up €224,318 (+21.1%), from €1.1m to €1.3m
of which Other tangible fixed assets: +€268,074
- Stocks and contracts +€158,422
up €158,422 (+145%), from €109,453 to €267,875
- Receivables within one year +€79,002
up €79,002 (+29.5%), from €268,222 to €347,224
of which Trade receivables: +€115,247
- Cash +€21,669
up €21,669 (+32.6%), from €66,377 to €88,046
mainly Trade debts (+€354,348) and Debts after one year (+€159,312)
- Trade debts +€354,348
up €354,348 (+126%), from €281,159 to €635,507
- Debts after one year +€159,312
up €159,312 (+34.3%), from €464,099 to €623,410
- Tax, wage and social debts -€36,443
down €36,443 (-56.1%), from €65,013 to €28,571
of which Taxes: -€33,902
- Gross operating margin +€47,368
up €47,368 (+20.9%), from €226,395 to €273,764
- Staff costs +€24,321
up €24,321 (+147%), from €16,519 to €40,840
- Taxes +€17,772
up €17,772 (+196%), from €9,075 to €26,847
- Depreciation +€16,819
up €16,819 (+11.9%), from €141,702 to €158,521
- Other operating charges +€15,114
up €15,114 (+329%), from €4,590 to €19,703
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,528,691 | €2,009,749 | +€481,058 | +31.5% |
| Fixed assets | 21/28 | €1,077,692 | €1,302,010 | +€224,318 | +20.8% |
| Tangible fixed assets | 22/27 | €1,062,111 | €1,286,429 | +€224,318 | +21.1% |
| Land and buildings | 22 | €953,337 | €931,868 | -€21,468 | -2.3% |
| Plant, machinery and equipment | 23 | €99,604 | €76,715 | -€22,888 | -23.0% |
| Furniture and vehicles | 24 | €9,171 | €9,772 | +€601 | +6.5% |
| Other tangible fixed assets | 26 | - | €268,074 | +€268,074 | |
| Financial fixed assets | 28 | €15,581 | €15,581 | = | 0.0% |
| Current assets | 29/58 | €450,999 | €707,738 | +€256,740 | +56.9% |
| Stocks and contracts in progress | 3 | €109,453 | €267,875 | +€158,422 | +145% |
| Stocks | 30/36 | €109,453 | €267,875 | +€158,422 | +145% |
| Amounts receivable within one year | 40/41 | €268,222 | €347,224 | +€79,002 | +29.5% |
| Trade receivables | 40 | €123,313 | €238,560 | +€115,247 | +93.5% |
| Other amounts receivable | 41 | €144,909 | €108,665 | -€36,245 | -25.0% |
| Cash at bank and in hand | 54/58 | €66,377 | €88,046 | +€21,669 | +32.6% |
| Deferred charges and accrued income | 490/1 | €6,947 | €4,593 | -€2,354 | -33.9% |
| Total equity and liabilities | 10/49 | €1,528,691 | €2,009,749 | +€481,058 | +31.5% |
| Equity | 10/15 | €621,168 | €612,430 | -€8,738 | -1.4% |
| Contributions | 10/11 | €187,400 | €187,400 | = | 0.0% |
| Reserves | 13 | €433,658 | €424,650 | -€9,008 | -2.1% |
| Tax-exempt reserves | 132 | €1,908 | €0 | -€1,908 | -100% |
| Distributable reserves | 133 | €431,750 | €424,650 | -€7,100 | -1.6% |
| Profit (loss) carried forward | 14 | €110 | €380 | +€270 | +245% |
| Provisions and deferred taxes | 16 | €477 | €0 | -€477 | -100% |
| Deferred taxes | 168 | €477 | €0 | -€477 | -100% |
| Amounts payable | 17/49 | €907,047 | €1,397,319 | +€490,272 | +54.1% |
| Amounts payable after more than one year | 17 | €464,099 | €623,410 | +€159,312 | +34.3% |
| Financial debts | 170/4 | €464,099 | €623,410 | +€159,312 | +34.3% |
| Amounts payable within one year | 42/48 | €442,948 | €773,909 | +€330,961 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €93,861 | €109,831 | +€15,970 | +17.0% |
| Trade debts | 44 | €281,159 | €635,507 | +€354,348 | +126% |
| Suppliers | 440/4 | €281,159 | €635,507 | +€354,348 | +126% |
| Advances received on contracts in progress | 46 | €2,915 | €0 | -€2,915 | -100% |
| Taxes, remuneration and social security | 45 | €65,013 | €28,571 | -€36,443 | -56.1% |
| Taxes | 450/3 | €58,207 | €24,305 | -€33,902 | -58.2% |
| Remuneration and social security | 454/9 | €6,806 | €4,266 | -€2,540 | -37.3% |
| Remuneration, social security and pensions | 62 | €16,519 | €40,840 | +€24,321 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,702 | €158,521 | +€16,819 | +11.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €4,590 | €19,703 | +€15,114 | +329% |
| Gross operating margin | 9900 | €226,395 | €273,764 | +€47,368 | +20.9% |
| Operating profit (loss) | 9901 | €63,585 | €54,700 | -€8,885 | -14.0% |
| Financial income | 75/76B | €1 | €140 | +€139 | +15,127% |
| Recurring financial income | 75 | €1 | €140 | +€139 | +15,127% |
| Financial charges | 65/66B | €26,920 | €37,208 | +€10,288 | +38.2% |
| Recurring financial charges | 65 | €26,920 | €37,208 | +€10,288 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €36,666 | €17,632 | -€19,034 | -51.9% |
| Transfer from deferred taxes | 780 | €477 | €477 | +€0 | 0.0% |
| Income taxes | 67/77 | €9,075 | €26,847 | +€17,772 | +196% |
| Profit (loss) for the period | 9904 | €28,068 | -€8,738 | -€36,806 | |
| Transfer from tax-exempt reserves | 789 | €1,907 | €1,908 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,975 | -€6,830 | -€36,806 |
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 20 October 2026 via checked.be.