TAVEIRNE: 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.
TAVEIRNE
Largest movements
- Tangible fixed assets -€7,836
down €7,836 (-9.0%), from €87,016 to €79,180
of which Plant, machinery and equipment: -€4,185
- Stocks and contracts +€2,749
up €2,749 (+48.2%), from €5,702 to €8,451
- Debts after one year -€8,212
down €8,212 (-24.6%), from €33,373 to €25,161
- Advances received -€3,436
down €3,436 (-78.7%), from €4,366 to €930
- Trade debts +€2,801
up €2,801 (+22.3%), from €12,582 to €15,383
- Profit (loss) carried forward +€2,029
up €2,029 (+0.6%), from -€352,620 to -€350,592
- Other debts +€1,808
up €1,808 (+1.1%), from €171,288 to €173,096
- Gross operating margin +€12,883
up €12,883 (+239%), from €5,394 to €18,277
- Financial charges -€8,618
down €8,618 (-73.7%), from €11,701 to €3,083
- Depreciation +€1,626
up €1,626 (+26.2%), from €6,209 to €7,836
- Other operating charges -€222
down €222 (-4.0%), from €5,551 to €5,329
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 | €96,781 | €91,585 | -€5,196 | -5.4% |
| Fixed assets | 21/28 | €87,318 | €79,482 | -€7,836 | -9.0% |
| Tangible fixed assets | 22/27 | €87,016 | €79,180 | -€7,836 | -9.0% |
| Land and buildings | 22 | €74,303 | €70,652 | -€3,651 | -4.9% |
| Plant, machinery and equipment | 23 | €12,712 | €8,528 | -€4,185 | -32.9% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €9,463 | €12,102 | +€2,640 | +27.9% |
| Stocks and contracts in progress | 3 | €5,702 | €8,451 | +€2,749 | +48.2% |
| Stocks | 30/36 | €5,702 | €8,451 | +€2,749 | +48.2% |
| Amounts receivable within one year | 40/41 | €2,628 | €1,862 | -€765 | -29.1% |
| Trade receivables | 40 | €2,628 | €1,862 | -€765 | -29.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €976 | €1,599 | +€623 | +63.8% |
| Deferred charges and accrued income | 490/1 | €158 | €191 | +€33 | +21.0% |
| Total equity and liabilities | 10/49 | €96,781 | €91,585 | -€5,196 | -5.4% |
| Equity | 10/15 | -€134,499 | -€132,470 | +€2,029 | +1.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €69,385 | €69,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €69,385 | €69,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,620 | -€350,592 | +€2,029 | +0.6% |
| Amounts payable | 17/49 | €231,280 | €224,055 | -€7,225 | -3.1% |
| Amounts payable after more than one year | 17 | €33,373 | €25,161 | -€8,212 | -24.6% |
| Financial debts | 170/4 | €33,373 | €25,161 | -€8,212 | -24.6% |
| Amounts payable within one year | 42/48 | €197,907 | €198,894 | +€988 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €7,756 | €8,212 | +€456 | +5.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,582 | €15,383 | +€2,801 | +22.3% |
| Suppliers | 440/4 | €12,582 | €15,383 | +€2,801 | +22.3% |
| Advances received on contracts in progress | 46 | €4,366 | €930 | -€3,436 | -78.7% |
| Taxes, remuneration and social security | 45 | €1,914 | €1,273 | -€641 | -33.5% |
| Taxes | 450/3 | €714 | €73 | -€641 | -89.7% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €171,288 | €173,096 | +€1,808 | +1.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,209 | €7,836 | +€1,626 | +26.2% |
| Other operating charges | 640/8 | €5,551 | €5,329 | -€222 | -4.0% |
| Gross operating margin | 9900 | €5,394 | €18,277 | +€12,883 | +239% |
| Operating profit (loss) | 9901 | -€6,367 | €5,112 | +€11,479 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,701 | €3,083 | -€8,618 | -73.7% |
| Recurring financial charges | 65 | €11,701 | €3,083 | -€8,618 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,068 | €2,029 | +€20,097 | |
| Profit (loss) for the period | 9904 | -€18,068 | €2,029 | +€20,097 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,068 | €2,029 | +€20,097 |
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.