TAVE: 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.
TAVE
Largest movements
- Receivables within one year -€13,918
down €13,918 (-96.6%), from €14,409 to €491
of which Trade receivables: -€7,994
- Stocks and contracts -€3,521
down €3,521 (-52.7%), from €6,685 to €3,164
- Tangible fixed assets -€881
down €881 (-50.8%), from €1,736 to €855
- Trade debts -€16,881
down €16,881 (-94.7%), from €17,826 to €945
- Other debts +€6,056
up €6,056 (+27.0%), from €22,415 to €28,471
- Short-term financial debts -€4,987
down €4,987 (-29.0%), from €17,198 to €12,211
- Profit (loss) carried forward -€2,036
down €2,036 (-3.6%), from -€56,180 to -€58,216
- Accrued charges and deferred income -€373
down €373 (-34.2%), from €1,091 to €718
- Gross operating margin -€911
down €911 (-25.9%), from €3,523 to €2,612
- Financial charges +€198
up €198 (+6.5%), from €3,018 to €3,215
- Depreciation +€87
up €87 (+10.9%), from €794 to €881
- Taxes -€61
no longer reported in 2025 (was €61)
- Financial income -€57
down €57 (-63.1%), from €90 to €33
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 | €22,871 | €4,588 | -€18,282 | -79.9% |
| Fixed assets | 21/28 | €1,736 | €855 | -€881 | -50.8% |
| Tangible fixed assets | 22/27 | €1,736 | €855 | -€881 | -50.8% |
| Plant, machinery and equipment | 23 | €1,736 | €855 | -€881 | -50.8% |
| Current assets | 29/58 | €21,135 | €3,733 | -€17,401 | -82.3% |
| Stocks and contracts in progress | 3 | €6,685 | €3,164 | -€3,521 | -52.7% |
| Stocks | 30/36 | €6,685 | €3,164 | -€3,521 | -52.7% |
| Amounts receivable within one year | 40/41 | €14,409 | €491 | -€13,918 | -96.6% |
| Trade receivables | 40 | €7,994 | - | -€7,994 | |
| Other amounts receivable | 41 | €6,415 | €491 | -€5,924 | -92.3% |
| Cash at bank and in hand | 54/58 | €41 | €78 | +€37 | +89.0% |
| Total equity and liabilities | 10/49 | €22,871 | €4,588 | -€18,282 | -79.9% |
| Equity | 10/15 | -€35,720 | -€37,757 | -€2,036 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,180 | -€58,216 | -€2,036 | -3.6% |
| Amounts payable | 17/49 | €58,591 | €42,345 | -€16,246 | -27.7% |
| Amounts payable within one year | 42/48 | €57,500 | €41,627 | -€15,873 | -27.6% |
| Financial debts | 43 | €17,198 | €12,211 | -€4,987 | -29.0% |
| Credit institutions | 430/8 | €17,198 | €12,211 | -€4,987 | -29.0% |
| Trade debts | 44 | €17,826 | €945 | -€16,881 | -94.7% |
| Suppliers | 440/4 | €17,826 | €945 | -€16,881 | -94.7% |
| Taxes, remuneration and social security | 45 | €61 | - | -€61 | |
| Taxes | 450/3 | €61 | - | -€61 | |
| Other amounts payable | 47/48 | €22,415 | €28,471 | +€6,056 | +27.0% |
| Accrued charges and deferred income | 492/3 | €1,091 | €718 | -€373 | -34.2% |
| Non-recurring operating income | 76A | - | €11,613 | +€11,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €881 | +€87 | +10.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €3,523 | €2,612 | -€911 | -25.9% |
| Operating profit (loss) | 9901 | €2,160 | €1,146 | -€1,014 | -46.9% |
| Financial income | 75/76B | €90 | €33 | -€57 | -63.1% |
| Recurring financial income | 75 | €90 | €33 | -€57 | -63.1% |
| Financial charges | 65/66B | €3,018 | €3,215 | +€198 | +6.5% |
| Recurring financial charges | 65 | €3,018 | €3,215 | +€198 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€768 | -€2,036 | -€1,268 | -165.2% |
| Income taxes | 67/77 | €61 | - | -€61 | |
| Profit (loss) for the period | 9904 | -€829 | -€2,036 | -€1,207 | -145.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€829 | -€2,036 | -€1,207 | -145.6% |
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 8 October 2026 via checked.be.