TAVERNE MONACO: 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.
TAVERNE MONACO
Largest movements
- Tangible fixed assets -€25,094
down €25,094 (-15.1%), from €165,892 to €140,797
- Receivables within one year -€9,866
down €9,866 (-62.7%), from €15,744 to €5,878
of which Trade receivables: -€12,547
- Cash +€9,860
up €9,860 (+63.1%), from €15,618 to €25,477
mainly Net result for the year (+€31,322) and Depreciation (+€31,066)
- Stocks and contracts -€2,805
down €2,805 (-17.2%), from €16,270 to €13,465
- Reserves +€31,322
up €31,322 (+719%), from €4,354 to €35,675
- Debts after one year -€25,125
down €25,125 (-21.8%), from €115,446 to €90,321
- Trade debts -€15,111
down €15,111 (-49.7%), from €30,398 to €15,287
- Other debts -€14,623
down €14,623 (-65.7%), from €22,268 to €7,645
- Advances received -€11,185
no longer reported in 2025 (was €11,185)
- Gross operating margin -€15,952
down €15,952 (-18.5%), from €86,239 to €70,287
- Taxes +€3,132
new in 2025: €3,132
- Financial income -€2,774
down €2,774 (-99.9%), from €2,778 to €4
- Financial charges +€1,923
up €1,923 (+103%), from €1,875 to €3,798
- Staff costs +€1,426
no longer reported in 2025 (was -€1,426)
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 | €215,858 | €187,248 | -€28,610 | -13.3% |
| Fixed assets | 21/28 | €166,172 | €141,077 | -€25,094 | -15.1% |
| Tangible fixed assets | 22/27 | €165,892 | €140,797 | -€25,094 | -15.1% |
| Land and buildings | 22 | €91,038 | €79,139 | -€11,899 | -13.1% |
| Plant, machinery and equipment | 23 | €70,842 | €58,301 | -€12,541 | -17.7% |
| Furniture and vehicles | 24 | €4,011 | €3,357 | -€655 | -16.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €49,686 | €46,171 | -€3,516 | -7.1% |
| Stocks and contracts in progress | 3 | €16,270 | €13,465 | -€2,805 | -17.2% |
| Stocks | 30/36 | €16,270 | €13,465 | -€2,805 | -17.2% |
| Amounts receivable within one year | 40/41 | €15,744 | €5,878 | -€9,866 | -62.7% |
| Trade receivables | 40 | €12,547 | - | -€12,547 | |
| Other amounts receivable | 41 | €3,198 | €5,878 | +€2,681 | +83.8% |
| Cash at bank and in hand | 54/58 | €15,618 | €25,477 | +€9,860 | +63.1% |
| Deferred charges and accrued income | 490/1 | €2,054 | €1,350 | -€704 | -34.3% |
| Total equity and liabilities | 10/49 | €215,858 | €187,248 | -€28,610 | -13.3% |
| Equity | 10/15 | €9,354 | €40,675 | +€31,322 | +335% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,354 | €35,675 | +€31,322 | +719% |
| Distributable reserves | 133 | €4,354 | €35,675 | +€31,322 | +719% |
| Amounts payable | 17/49 | €206,505 | €146,573 | -€59,931 | -29.0% |
| Amounts payable after more than one year | 17 | €115,446 | €90,321 | -€25,125 | -21.8% |
| Financial debts | 170/4 | €115,446 | €90,321 | -€25,125 | -21.8% |
| Amounts payable within one year | 42/48 | €91,059 | €56,252 | -€34,806 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €24,678 | €26,309 | +€1,631 | +6.6% |
| Trade debts | 44 | €30,398 | €15,287 | -€15,111 | -49.7% |
| Suppliers | 440/4 | €30,398 | €15,287 | -€15,111 | -49.7% |
| Advances received on contracts in progress | 46 | €11,185 | - | -€11,185 | |
| Taxes, remuneration and social security | 45 | €2,530 | €7,011 | +€4,481 | +177% |
| Taxes | 450/3 | €2,530 | €7,011 | +€4,481 | +177% |
| Other amounts payable | 47/48 | €22,268 | €7,645 | -€14,623 | -65.7% |
| Non-recurring operating income | 76A | €149 | - | -€149 | |
| Remuneration, social security and pensions | 62 | -€1,426 | - | +€1,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,005 | €31,066 | +€1,060 | +3.5% |
| Other operating charges | 640/8 | €826 | €973 | +€147 | +17.7% |
| Non-recurring operating charges | 66A | €16,116 | - | -€16,116 | |
| Gross operating margin | 9900 | €86,239 | €70,287 | -€15,952 | -18.5% |
| Operating profit (loss) | 9901 | €40,717 | €38,248 | -€2,469 | -6.1% |
| Financial income | 75/76B | €2,778 | €4 | -€2,774 | -99.9% |
| Recurring financial income | 75 | €2,778 | €4 | -€2,774 | -99.9% |
| Financial charges | 65/66B | €1,875 | €3,798 | +€1,923 | +103% |
| Recurring financial charges | 65 | €1,875 | €3,798 | +€1,923 | +103% |
| Profit (loss) for the period before taxes | 9903 | €41,621 | €34,454 | -€7,167 | -17.2% |
| Income taxes | 67/77 | - | €3,132 | +€3,132 | |
| Profit (loss) for the period | 9904 | €41,621 | €31,322 | -€10,299 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,621 | €31,322 | -€10,299 | -24.7% |
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 27 October 2026 via checked.be.