TAVERLANI: 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.
TAVERLANI
Largest movements
- Tangible fixed assets -€65,721
down €65,721 (-10.0%), from €657,125 to €591,403
of which Land and buildings: -€35,030
- Receivables within one year +€24,680
up €24,680 (+18.7%), from €132,272 to €156,952
of which Trade receivables: +€37,778
- Cash -€18,709
down €18,709 (-37.1%), from €50,388 to €31,680
mainly Debts after one year (-€46,055) and Receivables within one year (-€24,680)
- Debts after one year -€46,055
down €46,055 (-25.3%), from €182,354 to €136,298
- Trade debts -€23,683
down €23,683 (-32.2%), from €73,588 to €49,906
- Tax, wage and social debts +€18,817
up €18,817 (+184%), from €10,237 to €29,054
of which Taxes: +€11,419
- Other debts -€17,897
down €17,897 (-6.5%), from €275,567 to €257,671
- Staff costs +€12,190
up €12,190 (+20.3%), from €60,195 to €72,385
- Taxes +€11,759
up €11,759 (+320%), from €3,671 to €15,430
- Gross operating margin +€7,512
up €7,512 (+3.5%), from €215,971 to €223,483
- Other operating charges +€4,125
up €4,125 (+67.1%), from €6,145 to €10,270
- Financial charges -€3,871
down €3,871 (-20.8%), from €18,581 to €14,710
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 | €864,840 | €799,923 | -€64,917 | -7.5% |
| Fixed assets | 21/28 | €658,041 | €592,319 | -€65,721 | -10.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €657,125 | €591,403 | -€65,721 | -10.0% |
| Land and buildings | 22 | €520,130 | €485,100 | -€35,030 | -6.7% |
| Plant, machinery and equipment | 23 | €71,653 | €62,984 | -€8,669 | -12.1% |
| Furniture and vehicles | 24 | €65,342 | €43,320 | -€22,022 | -33.7% |
| Financial fixed assets | 28 | €916 | €916 | = | 0.0% |
| Current assets | 29/58 | €206,800 | €207,604 | +€804 | +0.4% |
| Stocks and contracts in progress | 3 | €17,500 | €17,500 | = | 0.0% |
| Stocks | 30/36 | €17,500 | €17,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,272 | €156,952 | +€24,680 | +18.7% |
| Trade receivables | 40 | €109,492 | €147,269 | +€37,778 | +34.5% |
| Other amounts receivable | 41 | €22,781 | €9,683 | -€13,098 | -57.5% |
| Cash at bank and in hand | 54/58 | €50,388 | €31,680 | -€18,709 | -37.1% |
| Deferred charges and accrued income | 490/1 | €6,639 | €1,472 | -€5,167 | -77.8% |
| Total equity and liabilities | 10/49 | €864,840 | €799,923 | -€64,917 | -7.5% |
| Equity | 10/15 | €277,488 | €280,939 | +€3,451 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €257,961 | €261,412 | +€3,451 | +1.3% |
| Distributable reserves | 133 | €257,961 | €261,412 | +€3,451 | +1.3% |
| Profit (loss) carried forward | 14 | €927 | €927 | = | 0.0% |
| Amounts payable | 17/49 | €587,352 | €518,984 | -€68,368 | -11.6% |
| Amounts payable after more than one year | 17 | €182,354 | €136,298 | -€46,055 | -25.3% |
| Financial debts | 170/4 | €182,354 | €136,298 | -€46,055 | -25.3% |
| Amounts payable within one year | 42/48 | €404,999 | €382,686 | -€22,313 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €45,606 | €46,055 | +€449 | +1.0% |
| Trade debts | 44 | €73,588 | €49,906 | -€23,683 | -32.2% |
| Suppliers | 440/4 | €73,588 | €49,906 | -€23,683 | -32.2% |
| Taxes, remuneration and social security | 45 | €10,237 | €29,054 | +€18,817 | +184% |
| Taxes | 450/3 | €5,211 | €16,631 | +€11,419 | +219% |
| Remuneration and social security | 454/9 | €5,025 | €12,424 | +€7,398 | +147% |
| Other amounts payable | 47/48 | €275,567 | €257,671 | -€17,897 | -6.5% |
| Remuneration, social security and pensions | 62 | €60,195 | €72,385 | +€12,190 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,724 | €88,004 | +€1,280 | +1.5% |
| Other operating charges | 640/8 | €6,145 | €10,270 | +€4,125 | +67.1% |
| Gross operating margin | 9900 | €215,971 | €223,483 | +€7,512 | +3.5% |
| Operating profit (loss) | 9901 | €62,907 | €52,825 | -€10,082 | -16.0% |
| Financial income | 75/76B | €1,861 | €767 | -€1,095 | -58.8% |
| Recurring financial income | 75 | €1,861 | €767 | -€1,095 | -58.8% |
| Financial charges | 65/66B | €18,581 | €14,710 | -€3,871 | -20.8% |
| Recurring financial charges | 65 | €18,581 | €14,710 | -€3,871 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €46,188 | €38,881 | -€7,306 | -15.8% |
| Income taxes | 67/77 | €3,671 | €15,430 | +€11,759 | +320% |
| Profit (loss) for the period | 9904 | €42,516 | €23,451 | -€19,065 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,516 | €23,451 | -€19,065 | -44.8% |
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 26 October 2026 via checked.be.