R. Tavernier: what changed
R. Tavernier
Largest movements
- Cash +€19,354
up €19,354 (+49.0%), from €39,493 to €58,847
mainly Net result for the year (+€74,170) and Depreciation (+€14,967)
- Tangible fixed assets -€14,967
down €14,967 (-16.8%), from €89,256 to €74,290
of which Furniture and vehicles: -€8,179
- Receivables within one year +€12,031
up €12,031 (+226%), from €5,318 to €17,349
of which Trade receivables: +€11,754
- Deferred charges and accrued income -€4,591
down €4,591 (-75.5%), from €6,082 to €1,491
- Reserves +€24,170
up €24,170 (+27.7%), from €87,332 to €111,502
- Debts after one year -€10,431
down €10,431 (-42.3%), from €24,682 to €14,250
- Other debts -€1,950
down €1,950 (-99.8%), from €1,954 to €4
- Gross operating margin +€57,436
up €57,436 (+102%), from €56,146 to €113,583
- Taxes +€12,945
up €12,945 (+142%), from €9,098 to €22,043
- Depreciation +€3,726
up €3,726 (+33.1%), from €11,241 to €14,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,149 | €151,977 | +€11,828 | +8.4% |
| Fixed assets | 21/28 | €89,256 | €74,290 | -€14,967 | -16.8% |
| Tangible fixed assets | 22/27 | €89,256 | €74,290 | -€14,967 | -16.8% |
| Furniture and vehicles | 24 | €24,446 | €16,267 | -€8,179 | -33.5% |
| Other tangible fixed assets | 26 | €64,810 | €58,023 | -€6,787 | -10.5% |
| Current assets | 29/58 | €50,893 | €77,687 | +€26,794 | +52.6% |
| Amounts receivable within one year | 40/41 | €5,318 | €17,349 | +€12,031 | +226% |
| Trade receivables | 40 | €5,285 | €17,039 | +€11,754 | +222% |
| Other amounts receivable | 41 | €33 | €310 | +€277 | +827% |
| Cash at bank and in hand | 54/58 | €39,493 | €58,847 | +€19,354 | +49.0% |
| Deferred charges and accrued income | 490/1 | €6,082 | €1,491 | -€4,591 | -75.5% |
| Total equity and liabilities | 10/49 | €140,149 | €151,977 | +€11,828 | +8.4% |
| Equity | 10/15 | €92,332 | €116,502 | +€24,170 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,332 | €111,502 | +€24,170 | +27.7% |
| Distributable reserves | 133 | €87,332 | €111,502 | +€24,170 | +27.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,817 | €35,474 | -€12,343 | -25.8% |
| Amounts payable after more than one year | 17 | €24,682 | €14,250 | -€10,431 | -42.3% |
| Financial debts | 170/4 | €24,682 | €14,250 | -€10,431 | -42.3% |
| Amounts payable within one year | 42/48 | €22,590 | €20,678 | -€1,911 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €10,118 | €10,431 | +€313 | +3.1% |
| Trade debts | 44 | €648 | €1,349 | +€702 | +108% |
| Suppliers | 440/4 | €648 | €1,349 | +€702 | +108% |
| Taxes, remuneration and social security | 45 | €9,870 | €8,894 | -€976 | -9.9% |
| Taxes | 450/3 | €9,870 | €8,894 | -€976 | -9.9% |
| Other amounts payable | 47/48 | €1,954 | €4 | -€1,950 | -99.8% |
| Accrued charges and deferred income | 492/3 | €546 | €546 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,241 | €14,967 | +€3,726 | +33.1% |
| Other operating charges | 640/8 | €873 | €943 | +€70 | +8.0% |
| Gross operating margin | 9900 | €56,146 | €113,583 | +€57,436 | +102% |
| Operating profit (loss) | 9901 | €44,032 | €97,673 | +€53,640 | +122% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,077 | €1,460 | -€618 | -29.7% |
| Recurring financial charges | 65 | €2,077 | €1,460 | -€618 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €41,955 | €96,213 | +€54,258 | +129% |
| Income taxes | 67/77 | €9,098 | €22,043 | +€12,945 | +142% |
| Profit (loss) for the period | 9904 | €32,857 | €74,170 | +€41,313 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €32,857 | €74,170 | +€41,313 | +126% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.