TAVACI CONSTRUCT: 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.
TAVACI CONSTRUCT
Largest movements
- Cash +€96,539
up €96,539 (+1,812%), from €5,329 to €101,868
mainly Receivables within one year (+€55,019) and Net result for the year (+€36,999)
- Receivables within one year -€55,019
down €55,019 (-35.7%), from €154,270 to €99,251
of which Trade receivables: -€62,977
- Tangible fixed assets +€13,299
up €13,299 (+5.4%), from €244,294 to €257,592
of which Land and buildings: +€14,294
- Reserves +€36,995
up €36,995 (+67.2%), from €55,020 to €92,015
of which Distributable reserves: +€36,995
- Trade debts +€11,085
up €11,085 (+12.3%), from €89,873 to €100,958
of which Suppliers: +€11,085
- Tax, wage and social debts +€8,007
up €8,007 (+22.5%), from €35,659 to €43,666
of which Taxes: +€8,112
- Gross operating margin +€15,774
up €15,774 (+10.4%), from €150,961 to €166,735
- Staff costs -€10,442
down €10,442 (-8.9%), from €117,190 to €106,747
- Taxes +€6,684
up €6,684 (+93.0%), from €7,190 to €13,874
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 | €404,021 | €463,199 | +€59,178 | +14.6% |
| Fixed assets | 21/28 | €244,294 | €257,592 | +€13,299 | +5.4% |
| Tangible fixed assets | 22/27 | €244,294 | €257,592 | +€13,299 | +5.4% |
| Land and buildings | 22 | €242,462 | €256,757 | +€14,294 | +5.9% |
| Furniture and vehicles | 24 | €1,831 | €836 | -€996 | -54.4% |
| Current assets | 29/58 | €159,727 | €205,606 | +€45,879 | +28.7% |
| Amounts receivable within one year | 40/41 | €154,270 | €99,251 | -€55,019 | -35.7% |
| Trade receivables | 40 | €154,270 | €91,292 | -€62,977 | -40.8% |
| Other amounts receivable | 41 | - | €7,959 | +€7,959 | |
| Cash at bank and in hand | 54/58 | €5,329 | €101,868 | +€96,539 | +1,812% |
| Deferred charges and accrued income | 490/1 | €128 | €4,487 | +€4,359 | +3,402% |
| Total equity and liabilities | 10/49 | €404,021 | €463,199 | +€59,178 | +14.6% |
| Equity | 10/15 | €209,716 | €246,715 | +€36,999 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,020 | €92,015 | +€36,995 | +67.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,160 | €90,155 | +€36,995 | +69.6% |
| Profit (loss) carried forward | 14 | €136,096 | €136,100 | +€4 | 0.0% |
| Amounts payable | 17/49 | €194,305 | €216,484 | +€22,179 | +11.4% |
| Amounts payable after more than one year | 17 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 178/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Amounts payable within one year | 42/48 | €192,305 | €212,484 | +€20,179 | +10.5% |
| Trade debts | 44 | €89,873 | €100,958 | +€11,085 | +12.3% |
| Suppliers | 440/4 | €23,063 | €34,147 | +€11,085 | +48.1% |
| Bills of exchange payable | 441 | €66,811 | €66,811 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,659 | €43,666 | +€8,007 | +22.5% |
| Taxes | 450/3 | €35,287 | €43,399 | +€8,112 | +23.0% |
| Remuneration and social security | 454/9 | €372 | €267 | -€105 | -28.2% |
| Other amounts payable | 47/48 | €66,772 | €67,859 | +€1,087 | +1.6% |
| Non-recurring operating income | 76A | - | €1,706 | +€1,706 | |
| Remuneration, social security and pensions | 62 | €117,190 | €106,747 | -€10,442 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,802 | €7,990 | +€1,188 | +17.5% |
| Other operating charges | 640/8 | €475 | €242 | -€233 | -49.0% |
| Gross operating margin | 9900 | €150,961 | €166,735 | +€15,774 | +10.4% |
| Operating profit (loss) | 9901 | €26,494 | €51,756 | +€25,261 | +95.3% |
| Financial income | 75/76B | €14 | €1 | -€13 | -89.6% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -89.6% |
| Financial charges | 65/66B | €306 | €884 | +€578 | +189% |
| Recurring financial charges | 65 | €306 | €884 | +€578 | +189% |
| Profit (loss) for the period before taxes | 9903 | €26,203 | €50,873 | +€24,670 | +94.2% |
| Income taxes | 67/77 | €7,190 | €13,874 | +€6,684 | +93.0% |
| Profit (loss) for the period | 9904 | €19,013 | €36,999 | +€17,986 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,013 | €36,999 | +€17,986 | +94.6% |
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 30 October 2026 via checked.be.