Le Tailvent: 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.
Le Tailvent
Largest movements
- Cash +€36,406
up €36,406 (+177.3%), from €20,537 to €56,943
mainly Other debts (+€39,576) and Depreciation (+€17,420)
- Tangible fixed assets -€11,620
down €11,620 (-8.4%), from €138,188 to €126,568
of which Other tangible fixed assets: -€10,492
- Receivables within one year -€4,984
down €4,984 (-39.4%), from €12,644 to €7,660
of which Trade receivables: -€4,984
- Stocks and contracts +€2,920
up €2,920 (+10.8%), from €26,980 to €29,900
- Deferred charges and accrued income -€2,807
no longer reported in 2025 (was €2,807)
- Other debts +€39,576
up €39,576 (+16.1%), from €245,718 to €285,295
- Trade debts -€11,128
down €11,128 (-55.9%), from €19,903 to €8,774
- Tax, wage and social debts -€9,118
down €9,118 (-72.9%), from €12,516 to €3,398
of which Remuneration and social security: -€8,988
- Gross operating margin +€177,819
up €177,819 (+513.0%), from €34,663 to €212,482
- Staff costs +€116,456
up €116,456 (+152.9%), from €76,141 to €192,597
- Financial income +€2,130
up €2,130 (+569.2%), from €374 to €2,505
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 | €201,155 | €221,071 | +€19,916 | +9.9% |
| Fixed assets | 21/28 | €138,188 | €126,568 | -€11,620 | -8.4% |
| Tangible fixed assets | 22/27 | €138,188 | €126,568 | -€11,620 | -8.4% |
| Land and buildings | 22 | €6,375 | €3,932 | -€2,443 | -38.3% |
| Plant, machinery and equipment | 23 | €6,952 | €5,156 | -€1,797 | -25.8% |
| Furniture and vehicles | 24 | €3,634 | €6,746 | +€3,112 | +85.6% |
| Other tangible fixed assets | 26 | €121,227 | €110,735 | -€10,492 | -8.7% |
| Current assets | 29/58 | €62,968 | €94,503 | +€31,535 | +50.1% |
| Stocks and contracts in progress | 3 | €26,980 | €29,900 | +€2,920 | +10.8% |
| Stocks | 30/36 | €26,980 | €29,900 | +€2,920 | +10.8% |
| Amounts receivable within one year | 40/41 | €12,644 | €7,660 | -€4,984 | -39.4% |
| Trade receivables | 40 | €4,984 | - | -€4,984 | |
| Other amounts receivable | 41 | €7,660 | €7,660 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,537 | €56,943 | +€36,406 | +177.3% |
| Deferred charges and accrued income | 490/1 | €2,807 | - | -€2,807 | |
| Total equity and liabilities | 10/49 | €201,155 | €221,071 | +€19,916 | +9.9% |
| Equity | 10/15 | -€326,982 | -€326,396 | +€586 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,582 | -€344,996 | +€586 | +0.2% |
| Amounts payable | 17/49 | €528,137 | €547,467 | +€19,330 | +3.7% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €278,137 | €297,467 | +€19,330 | +6.9% |
| Trade debts | 44 | €19,903 | €8,774 | -€11,128 | -55.9% |
| Suppliers | 440/4 | €19,903 | €8,774 | -€11,128 | -55.9% |
| Taxes, remuneration and social security | 45 | €12,516 | €3,398 | -€9,118 | -72.9% |
| Taxes | 450/3 | €3,467 | €3,336 | -€130 | -3.8% |
| Remuneration and social security | 454/9 | €9,050 | €62 | -€8,988 | -99.3% |
| Other amounts payable | 47/48 | €245,718 | €285,295 | +€39,576 | +16.1% |
| Remuneration, social security and pensions | 62 | €76,141 | €192,597 | +€116,456 | +152.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,641 | €17,420 | +€1,779 | +11.4% |
| Other operating charges | 640/8 | €1,376 | €2,828 | +€1,452 | +105.5% |
| Gross operating margin | 9900 | €34,663 | €212,482 | +€177,819 | +513.0% |
| Operating profit (loss) | 9901 | -€58,495 | -€363 | +€58,132 | +99.4% |
| Financial income | 75/76B | €374 | €2,505 | +€2,130 | +569.2% |
| Recurring financial income | 75 | €374 | €2,505 | +€2,130 | +569.2% |
| Financial charges | 65/66B | €2,633 | €1,556 | -€1,077 | -40.9% |
| Recurring financial charges | 65 | €2,633 | €1,556 | -€1,077 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,754 | €586 | +€61,339 | |
| Profit (loss) for the period | 9904 | -€60,754 | €586 | +€61,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,754 | €586 | +€61,339 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.