TaVas: 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.
TaVas
Largest movements
- Tangible fixed assets -€527,991
down €527,991 (-7.7%), from €6.9m to €6.3m
- Current portion of long-term debt -€562,500
no longer reported in 2025 (was €562,500)
- Debts after one year +€427,512
up €427,512 (+23.2%), from €1.8m to €2.3m
- Profit (loss) carried forward -€420,807
down €420,807 (-88.3%), from -€476,492 to -€897,299
- Gross operating margin -€189,888
down €189,888 (-42.6%), from €446,100 to €256,212
- Depreciation +€150,160
up €150,160 (+38.7%), from €387,539 to €537,698
- Financial charges +€27,612
up €27,612 (+44.8%), from €61,580 to €89,192
- Other operating charges +€14,971
up €14,971 (+42.4%), from €35,347 to €50,319
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 | €6,980,537 | €6,436,348 | -€544,190 | -7.8% |
| Fixed assets | 21/28 | €6,861,676 | €6,333,685 | -€527,991 | -7.7% |
| Tangible fixed assets | 22/27 | €6,861,676 | €6,333,685 | -€527,991 | -7.7% |
| Land and buildings | 22 | €6,861,676 | €6,333,685 | -€527,991 | -7.7% |
| Current assets | 29/58 | €118,862 | €102,663 | -€16,199 | -13.6% |
| Amounts receivable within one year | 40/41 | €60,000 | €52,990 | -€7,010 | -11.7% |
| Trade receivables | 40 | €60,000 | €52,150 | -€7,850 | -13.1% |
| Other amounts receivable | 41 | - | €840 | +€840 | |
| Cash at bank and in hand | 54/58 | €13,862 | €4,673 | -€9,189 | -66.3% |
| Deferred charges and accrued income | 490/1 | €45,000 | €45,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,980,537 | €6,436,348 | -€544,190 | -7.8% |
| Equity | 10/15 | €4,527,815 | €4,107,008 | -€420,807 | -9.3% |
| Contributions | 10/11 | €3,764,000 | €3,764,000 | = | 0.0% |
| Capital | 10 | €3,764,000 | €3,764,000 | = | 0.0% |
| Issued capital | 100 | €3,764,000 | €3,764,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,110,704 | €1,049,003 | -€61,701 | -5.6% |
| Reserves | 13 | €129,603 | €191,304 | +€61,701 | +47.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €123,403 | €185,104 | +€61,701 | +50.0% |
| Profit (loss) carried forward | 14 | -€476,492 | -€897,299 | -€420,807 | -88.3% |
| Amounts payable | 17/49 | €2,452,722 | €2,329,340 | -€123,383 | -5.0% |
| Amounts payable after more than one year | 17 | €1,843,422 | €2,270,934 | +€427,512 | +23.2% |
| Financial debts | 170/4 | €1,843,422 | €2,270,934 | +€427,512 | +23.2% |
| Amounts payable within one year | 42/48 | €609,300 | €58,406 | -€550,894 | -90.4% |
| Current portion of amounts payable after more than one year | 42 | €562,500 | - | -€562,500 | |
| Trade debts | 44 | €46,000 | €57,606 | +€11,606 | +25.2% |
| Suppliers | 440/4 | €46,000 | €57,606 | +€11,606 | +25.2% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387,539 | €537,698 | +€150,160 | +38.7% |
| Other operating charges | 640/8 | €35,347 | €50,319 | +€14,971 | +42.4% |
| Gross operating margin | 9900 | €446,100 | €256,212 | -€189,888 | -42.6% |
| Operating profit (loss) | 9901 | €23,215 | -€331,804 | -€355,019 | |
| Financial income | 75/76B | - | €190 | +€190 | |
| Recurring financial income | 75 | - | €190 | +€190 | |
| Financial charges | 65/66B | €61,580 | €89,192 | +€27,612 | +44.8% |
| Recurring financial charges | 65 | €61,580 | €89,192 | +€27,612 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,366 | -€420,807 | -€382,442 | -997% |
| Profit (loss) for the period | 9904 | -€38,366 | -€420,807 | -€382,442 | -997% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,366 | -€420,807 | -€382,442 | -997% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.