TAVEP DESIGN: 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.
TAVEP DESIGN
Largest movements
- Tangible fixed assets -€31,089
down €31,089 (-17.1%), from €182,045 to €150,956
of which Furniture and vehicles: -€32,181
- Cash +€15,775
up €15,775 (+35.2%), from €44,803 to €60,578
mainly Depreciation (+€61,515) and Net result for the year (+€19,304)
- Receivables within one year -€6,153
down €6,153 (-3.5%), from €174,511 to €168,358
of which Trade receivables: -€20,479
- Debts after one year -€45,381
down €45,381 (-34.2%), from €132,777 to €87,397
- Trade debts -€16,427
down €16,427 (-10.6%), from €154,703 to €138,277
- Reserves +€15,000
up €15,000 (+3000.0%), from €500 to €15,500
of which Distributable reserves: +€15,000
- Tax, wage and social debts +€12,922
up €12,922 (+137.2%), from €9,415 to €22,337
of which Taxes: +€9,922
- Current portion of long-term debt +€12,328
up €12,328 (+264.0%), from €4,670 to €16,997
- Gross operating margin +€21,836
up €21,836 (+24.9%), from €87,585 to €109,421
- Financial charges -€9,239
down €9,239 (-88.8%), from €10,401 to €1,162
- Taxes +€8,405
up €8,405 (+54.9%), from €15,307 to €23,712
- Depreciation +€6,115
up €6,115 (+11.0%), from €55,400 to €61,515
- Financial income +€2,265
up €2,265 (+216.0%), from €1,048 to €3,313
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,360 | €385,246 | -€18,114 | -4.5% |
| Fixed assets | 21/28 | €184,045 | €152,956 | -€31,089 | -16.9% |
| Tangible fixed assets | 22/27 | €182,045 | €150,956 | -€31,089 | -17.1% |
| Land and buildings | 22 | €28,000 | €28,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,209 | €12,301 | +€1,092 | +9.7% |
| Furniture and vehicles | 24 | €142,836 | €110,655 | -€32,181 | -22.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €219,314 | €232,289 | +€12,975 | +5.9% |
| Amounts receivable within one year | 40/41 | €174,511 | €168,358 | -€6,153 | -3.5% |
| Trade receivables | 40 | €146,951 | €126,472 | -€20,479 | -13.9% |
| Other amounts receivable | 41 | €27,561 | €41,887 | +€14,326 | +52.0% |
| Cash at bank and in hand | 54/58 | €44,803 | €60,578 | +€15,775 | +35.2% |
| Deferred charges and accrued income | 490/1 | €0 | €3,353 | +€3,353 | |
| Total equity and liabilities | 10/49 | €403,360 | €385,246 | -€18,114 | -4.5% |
| Equity | 10/15 | €100,934 | €120,238 | +€19,304 | +19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €15,500 | +€15,000 | +3000.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €95,434 | €99,738 | +€4,304 | +4.5% |
| Amounts payable | 17/49 | €302,425 | €265,007 | -€37,418 | -12.4% |
| Amounts payable after more than one year | 17 | €132,777 | €87,397 | -€45,381 | -34.2% |
| Financial debts | 170/4 | €132,777 | €87,397 | -€45,381 | -34.2% |
| Amounts payable within one year | 42/48 | €168,788 | €177,611 | +€8,823 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €4,670 | €16,997 | +€12,328 | +264.0% |
| Trade debts | 44 | €154,703 | €138,277 | -€16,427 | -10.6% |
| Suppliers | 440/4 | €154,703 | €138,277 | -€16,427 | -10.6% |
| Taxes, remuneration and social security | 45 | €9,415 | €22,337 | +€12,922 | +137.2% |
| Taxes | 450/3 | €9,415 | €19,337 | +€9,922 | +105.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €860 | - | -€860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,400 | €61,515 | +€6,115 | +11.0% |
| Other operating charges | 640/8 | €6,508 | €7,040 | +€533 | +8.2% |
| Gross operating margin | 9900 | €87,585 | €109,421 | +€21,836 | +24.9% |
| Operating profit (loss) | 9901 | €25,677 | €40,865 | +€15,188 | +59.2% |
| Financial income | 75/76B | €1,048 | €3,313 | +€2,265 | +216.0% |
| Recurring financial income | 75 | €1,048 | €3,313 | +€2,265 | +216.0% |
| Financial charges | 65/66B | €10,401 | €1,162 | -€9,239 | -88.8% |
| Recurring financial charges | 65 | €10,401 | €1,162 | -€9,239 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €16,324 | €43,016 | +€26,692 | +163.5% |
| Income taxes | 67/77 | €15,307 | €23,712 | +€8,405 | +54.9% |
| Profit (loss) for the period | 9904 | €1,017 | €19,304 | +€18,287 | +1798.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,017 | €19,304 | +€18,287 | +1798.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.