Taverbel: 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.
Taverbel
Largest movements
- Receivables within one year -€202,954
down €202,954 (-58.3%), from €348,302 to €145,348
of which Trade receivables: -€222,817
- Cash +€149,786
up €149,786 (+123.5%), from €121,331 to €271,117
mainly Receivables within one year (+€202,954) and Net result for the year (+€170,383)
- Stocks and contracts +€12,277
up €12,277 (+99.4%), from €12,350 to €24,628
- Tangible fixed assets -€9,775
down €9,775 (-21.3%), from €45,862 to €36,087
of which Plant, machinery and equipment: -€6,900
- Other debts -€190,879
down €190,879 (-51.8%), from €368,699 to €177,820
- Trade debts +€122,056
up €122,056 (+2870.9%), from €4,251 to €126,307
- Tax, wage and social debts +€26,262
up €26,262 (+263.4%), from €9,970 to €36,232
- Advances received -€9,009
down €9,009 (-100.0%), from €9,009 to €0
- Gross operating margin -€230,951
down €230,951 (-52.6%), from €438,952 to €208,001
- Taxes -€42,525
down €42,525 (-61.6%), from €69,070 to €26,545
- Write-downs -€8,210
down €8,210 (-70.8%), from €11,592 to €3,382
- Depreciation +€6,762
up €6,762 (+224.5%), from €3,013 to €9,775
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 | €527,846 | €477,180 | -€50,666 | -9.6% |
| Fixed assets | 21/28 | €45,862 | €36,087 | -€9,775 | -21.3% |
| Tangible fixed assets | 22/27 | €45,862 | €36,087 | -€9,775 | -21.3% |
| Plant, machinery and equipment | 23 | €32,916 | €26,016 | -€6,900 | -21.0% |
| Furniture and vehicles | 24 | €12,946 | €10,071 | -€2,875 | -22.2% |
| Current assets | 29/58 | €481,983 | €441,092 | -€40,891 | -8.5% |
| Stocks and contracts in progress | 3 | €12,350 | €24,628 | +€12,277 | +99.4% |
| Stocks | 30/36 | €12,350 | €24,628 | +€12,277 | +99.4% |
| Amounts receivable within one year | 40/41 | €348,302 | €145,348 | -€202,954 | -58.3% |
| Trade receivables | 40 | €348,302 | €125,485 | -€222,817 | -64.0% |
| Other amounts receivable | 41 | €0 | €19,863 | +€19,863 | |
| Cash at bank and in hand | 54/58 | €121,331 | €271,117 | +€149,786 | +123.5% |
| Total equity and liabilities | 10/49 | €527,846 | €477,180 | -€50,666 | -9.6% |
| Equity | 10/15 | €133,915 | €134,299 | +€383 | +0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €83,915 | €84,299 | +€383 | +0.5% |
| Distributable reserves | 133 | €83,915 | €84,299 | +€383 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €393,930 | €342,881 | -€51,049 | -13.0% |
| Amounts payable within one year | 42/48 | €391,930 | €340,359 | -€51,571 | -13.2% |
| Trade debts | 44 | €4,251 | €126,307 | +€122,056 | +2870.9% |
| Suppliers | 440/4 | €4,251 | €126,307 | +€122,056 | +2870.9% |
| Advances received on contracts in progress | 46 | €9,009 | €0 | -€9,009 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,970 | €36,232 | +€26,262 | +263.4% |
| Taxes | 450/3 | €9,970 | €36,232 | +€26,262 | +263.4% |
| Other amounts payable | 47/48 | €368,699 | €177,820 | -€190,879 | -51.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,522 | +€522 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,013 | €9,775 | +€6,762 | +224.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,592 | €3,382 | -€8,210 | -70.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €438,952 | €208,001 | -€230,951 | -52.6% |
| Operating profit (loss) | 9901 | €423,834 | €194,316 | -€229,517 | -54.2% |
| Financial income | 75/76B | €9,782 | €8,217 | -€1,565 | -16.0% |
| Recurring financial income | 75 | €9,782 | €8,217 | -€1,565 | -16.0% |
| Financial charges | 65/66B | €2,900 | €5,604 | +€2,704 | +93.2% |
| Recurring financial charges | 65 | €2,900 | €5,604 | +€2,704 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €430,715 | €196,929 | -€233,787 | -54.3% |
| Income taxes | 67/77 | €69,070 | €26,545 | -€42,525 | -61.6% |
| Profit (loss) for the period | 9904 | €361,645 | €170,383 | -€191,262 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €361,645 | €170,383 | -€191,262 | -52.9% |
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 7 October 2026 via checked.be.