TAVERNE 44: what changed
TAVERNE 44
Largest movements
- Receivables within one year +€19,160
up €19,160 (+323%), from €5,931 to €25,091
of which Other amounts receivable: +€17,771
- Intangible fixed assets -€13,201
down €13,201 (-24.1%), from €54,878 to €41,677
- Cash +€8,057
up €8,057 (+71.6%), from €11,260 to €19,317
mainly Depreciation (+€20,873) and Tax, wage and social debts (+€14,056)
- Tangible fixed assets -€1,727
down €1,727 (-7.8%), from €22,232 to €20,505
of which Plant, machinery and equipment: -€3,004
- Tax, wage and social debts +€14,056
up €14,056 (+152%), from €9,243 to €23,299
of which Taxes: +€15,364
- Trade debts -€3,140
down €3,140 (-30.7%), from €10,222 to €7,082
- Current portion of long-term debt +€3,105
up €3,105 (+30.3%), from €10,259 to €13,364
- Other debts -€2,801
down €2,801 (-42.5%), from €6,584 to €3,783
- Staff costs +€10,565
up €10,565 (+8.6%), from €123,118 to €133,683
- Gross operating margin -€6,292
down €6,292 (-3.6%), from €173,345 to €167,053
- Depreciation +€4,032
up €4,032 (+23.9%), from €16,841 to €20,873
- Taxes -€1,907
down €1,907 (-41.7%), from €4,576 to €2,669
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,240 | €113,850 | +€11,610 | +11.4% |
| Fixed assets | 21/28 | €78,204 | €63,276 | -€14,928 | -19.1% |
| Intangible fixed assets | 21 | €54,878 | €41,677 | -€13,201 | -24.1% |
| Tangible fixed assets | 22/27 | €22,232 | €20,505 | -€1,727 | -7.8% |
| Plant, machinery and equipment | 23 | €11,536 | €8,532 | -€3,004 | -26.0% |
| Furniture and vehicles | 24 | €10,696 | €11,973 | +€1,277 | +11.9% |
| Financial fixed assets | 28 | €1,094 | €1,094 | +€0 | 0.0% |
| Current assets | 29/58 | €24,036 | €50,573 | +€26,537 | +110% |
| Stocks and contracts in progress | 3 | €6,845 | €6,166 | -€679 | -9.9% |
| Stocks | 30/36 | €6,845 | €6,166 | -€679 | -9.9% |
| Amounts receivable within one year | 40/41 | €5,931 | €25,091 | +€19,160 | +323% |
| Trade receivables | 40 | €5,931 | €7,320 | +€1,389 | +23.4% |
| Other amounts receivable | 41 | - | €17,771 | +€17,771 | |
| Cash at bank and in hand | 54/58 | €11,260 | €19,317 | +€8,057 | +71.6% |
| Total equity and liabilities | 10/49 | €102,240 | €113,850 | +€11,610 | +11.4% |
| Equity | 10/15 | €28,539 | €28,346 | -€193 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,939 | €9,746 | -€193 | -1.9% |
| Amounts payable | 17/49 | €73,701 | €85,504 | +€11,803 | +16.0% |
| Amounts payable after more than one year | 17 | €37,336 | €37,270 | -€66 | -0.2% |
| Financial debts | 170/4 | €37,336 | €37,270 | -€66 | -0.2% |
| Amounts payable within one year | 42/48 | €36,308 | €47,529 | +€11,221 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €10,259 | €13,364 | +€3,105 | +30.3% |
| Trade debts | 44 | €10,222 | €7,082 | -€3,140 | -30.7% |
| Suppliers | 440/4 | €10,222 | €7,082 | -€3,140 | -30.7% |
| Taxes, remuneration and social security | 45 | €9,243 | €23,299 | +€14,056 | +152% |
| Taxes | 450/3 | €7,935 | €23,299 | +€15,364 | +194% |
| Remuneration and social security | 454/9 | €1,308 | - | -€1,308 | |
| Other amounts payable | 47/48 | €6,584 | €3,783 | -€2,801 | -42.5% |
| Accrued charges and deferred income | 492/3 | €57 | €705 | +€648 | +1,137% |
| Remuneration, social security and pensions | 62 | €123,118 | €133,683 | +€10,565 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,841 | €20,873 | +€4,032 | +23.9% |
| Other operating charges | 640/8 | €3,983 | €4,840 | +€857 | +21.5% |
| Gross operating margin | 9900 | €173,345 | €167,053 | -€6,292 | -3.6% |
| Operating profit (loss) | 9901 | €29,403 | €7,657 | -€21,746 | -74.0% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €5,569 | €5,196 | -€373 | -6.7% |
| Recurring financial charges | 65 | €5,569 | €5,196 | -€373 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €23,834 | €2,476 | -€21,358 | -89.6% |
| Income taxes | 67/77 | €4,576 | €2,669 | -€1,907 | -41.7% |
| Profit (loss) for the period | 9904 | €19,258 | -€193 | -€19,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,258 | -€193 | -€19,451 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.