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
- Current investments -€48,329
down €48,329 (-35.5%), from €136,204 to €87,875
- Cash -€42,590
down €42,590 (-61.4%), from €69,351 to €26,761
mainly Other debts (-€62,596) and Contributions, distributions and other (-€43,000)
- Tangible fixed assets -€28,506
down €28,506 (-8.9%), from €321,362 to €292,856
of which Furniture and vehicles: -€19,387
- Other debts -€62,596
down €62,596 (-49.5%), from €126,540 to €63,943
- Debts after one year -€28,691
down €28,691 (-13.0%), from €220,430 to €191,739
- Reserves -€25,419
down €25,419 (-12.0%), from €211,495 to €186,077
- Gross operating margin -€30,335
down €30,335 (-31.5%), from €96,282 to €65,947
- Taxes -€10,196
down €10,196 (-53.6%), from €19,018 to €8,822
- Financial income +€5,658
up €5,658 (+123%), from €4,586 to €10,244
- Financial charges +€2,297
up €2,297 (+23.7%), from €9,711 to €12,008
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 | €617,411 | €498,597 | -€118,813 | -19.2% |
| Fixed assets | 21/28 | €321,362 | €292,856 | -€28,506 | -8.9% |
| Tangible fixed assets | 22/27 | €321,362 | €292,856 | -€28,506 | -8.9% |
| Land and buildings | 22 | €257,704 | €246,405 | -€11,299 | -4.4% |
| Plant, machinery and equipment | 23 | €9,137 | €11,316 | +€2,180 | +23.9% |
| Furniture and vehicles | 24 | €54,522 | €35,135 | -€19,387 | -35.6% |
| Current assets | 29/58 | €296,048 | €205,741 | -€90,307 | -30.5% |
| Stocks and contracts in progress | 3 | €67,515 | €68,398 | +€883 | +1.3% |
| Stocks | 30/36 | €67,515 | €68,398 | +€883 | +1.3% |
| Amounts receivable within one year | 40/41 | €19,245 | €18,781 | -€464 | -2.4% |
| Trade receivables | 40 | €10,227 | €6,222 | -€4,005 | -39.2% |
| Other amounts receivable | 41 | €9,018 | €12,559 | +€3,541 | +39.3% |
| Current investments | 50/53 | €136,204 | €87,875 | -€48,329 | -35.5% |
| Cash at bank and in hand | 54/58 | €69,351 | €26,761 | -€42,590 | -61.4% |
| Deferred charges and accrued income | 490/1 | €3,733 | €3,926 | +€193 | +5.2% |
| Total equity and liabilities | 10/49 | €617,411 | €498,597 | -€118,813 | -19.2% |
| Equity | 10/15 | €230,095 | €204,677 | -€25,419 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,495 | €186,077 | -€25,419 | -12.0% |
| Distributable reserves | 133 | €211,495 | €186,077 | -€25,419 | -12.0% |
| Amounts payable | 17/49 | €387,315 | €293,920 | -€93,395 | -24.1% |
| Amounts payable after more than one year | 17 | €220,430 | €191,739 | -€28,691 | -13.0% |
| Financial debts | 170/4 | €220,430 | €191,739 | -€28,691 | -13.0% |
| Amounts payable within one year | 42/48 | €166,885 | €102,181 | -€64,704 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €27,778 | €28,691 | +€913 | +3.3% |
| Financial debts | 43 | €5,071 | €5,048 | -€23 | -0.4% |
| Credit institutions | 430/8 | €5,071 | €5,048 | -€23 | -0.4% |
| Trade debts | 44 | €3,044 | €3,099 | +€54 | +1.8% |
| Suppliers | 440/4 | €3,044 | €3,099 | +€54 | +1.8% |
| Taxes, remuneration and social security | 45 | €4,453 | €1,400 | -€3,053 | -68.6% |
| Taxes | 450/3 | €4,453 | €1,400 | -€3,053 | -68.6% |
| Other amounts payable | 47/48 | €126,540 | €63,943 | -€62,596 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,969 | €34,012 | +€43 | +0.1% |
| Other operating charges | 640/8 | €3,700 | €3,767 | +€66 | +1.8% |
| Gross operating margin | 9900 | €96,282 | €65,947 | -€30,335 | -31.5% |
| Operating profit (loss) | 9901 | €58,612 | €28,168 | -€30,445 | -51.9% |
| Financial income | 75/76B | €4,586 | €10,244 | +€5,658 | +123% |
| Recurring financial income | 75 | €4,586 | €10,244 | +€5,658 | +123% |
| Financial charges | 65/66B | €9,711 | €12,008 | +€2,297 | +23.7% |
| Recurring financial charges | 65 | €9,711 | €12,008 | +€2,297 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €53,488 | €26,404 | -€27,084 | -50.6% |
| Income taxes | 67/77 | €19,018 | €8,822 | -€10,196 | -53.6% |
| Profit (loss) for the period | 9904 | €34,470 | €17,581 | -€16,889 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,470 | €17,581 | -€16,889 | -49.0% |
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.