TAVERNE WOLFSTEE: 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 WOLFSTEE
Largest movements
- Cash -€61,810
down €61,810 (-24.6%), from €251,416 to €189,606
mainly Tax, wage and social debts (-€49,492) and Investment in fixed assets (net) (-€40,732)
- Receivables within one year -€20,897
down €20,897 (-71.6%), from €29,193 to €8,296
of which Trade receivables: -€20,317
- Tangible fixed assets +€20,575
up €20,575 (+4.4%), from €467,421 to €487,996
of which Plant, machinery and equipment: +€30,132
- Tax, wage and social debts -€49,492
down €49,492 (-53.6%), from €92,376 to €42,884
of which Remuneration and social security: -€25,387
- Debts after one year -€36,748
down €36,748 (-38.2%), from €96,234 to €59,486
- Reserves +€16,695
up €16,695 (+3.3%), from €502,835 to €519,530
of which Distributable reserves: +€16,695
- Accrued charges and deferred income +€9,564
up €9,564 (+5,074%), from €189 to €9,753
- Trade debts -€9,494
down €9,494 (-32.5%), from €29,170 to €19,676
- Gross operating margin +€120,045
up €120,045 (+18.2%), from €661,347 to €781,392
- Staff costs +€39,051
up €39,051 (+5.6%), from €692,680 to €731,731
- Depreciation -€13,304
down €13,304 (-39.8%), from €33,462 to €20,157
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 | €813,128 | €744,478 | -€68,650 | -8.4% |
| Fixed assets | 21/28 | €467,571 | €488,146 | +€20,575 | +4.4% |
| Tangible fixed assets | 22/27 | €467,421 | €487,996 | +€20,575 | +4.4% |
| Land and buildings | 22 | €350,000 | €350,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €51,825 | €81,957 | +€30,132 | +58.1% |
| Furniture and vehicles | 24 | €2,798 | €1,106 | -€1,692 | -60.5% |
| Other tangible fixed assets | 26 | €62,799 | €54,933 | -€7,865 | -12.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €345,557 | €256,331 | -€89,226 | -25.8% |
| Amounts receivable after more than one year | 29 | €47,500 | €47,500 | = | 0.0% |
| Other amounts receivable | 291 | €47,500 | €47,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,392 | €5,982 | -€411 | -6.4% |
| Stocks | 30/36 | €6,392 | €5,982 | -€411 | -6.4% |
| Amounts receivable within one year | 40/41 | €29,193 | €8,296 | -€20,897 | -71.6% |
| Trade receivables | 40 | €28,614 | €8,296 | -€20,317 | -71.0% |
| Other amounts receivable | 41 | €579 | €0 | -€579 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €251,416 | €189,606 | -€61,810 | -24.6% |
| Deferred charges and accrued income | 490/1 | €11,056 | €4,948 | -€6,108 | -55.2% |
| Total equity and liabilities | 10/49 | €813,128 | €744,478 | -€68,650 | -8.4% |
| Equity | 10/15 | €509,035 | €525,730 | +€16,695 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €502,835 | €519,530 | +€16,695 | +3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €500,975 | €517,670 | +€16,695 | +3.3% |
| Amounts payable | 17/49 | €304,093 | €218,747 | -€85,346 | -28.1% |
| Amounts payable after more than one year | 17 | €96,234 | €59,486 | -€36,748 | -38.2% |
| Financial debts | 170/4 | €96,234 | €59,486 | -€36,748 | -38.2% |
| Amounts payable within one year | 42/48 | €207,670 | €149,508 | -€58,162 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €36,124 | €36,748 | +€624 | +1.7% |
| Trade debts | 44 | €29,170 | €19,676 | -€9,494 | -32.5% |
| Suppliers | 440/4 | €29,170 | €19,676 | -€9,494 | -32.5% |
| Taxes, remuneration and social security | 45 | €92,376 | €42,884 | -€49,492 | -53.6% |
| Taxes | 450/3 | €31,434 | €7,329 | -€24,105 | -76.7% |
| Remuneration and social security | 454/9 | €60,942 | €35,555 | -€25,387 | -41.7% |
| Other amounts payable | 47/48 | €50,000 | €50,200 | +€200 | +0.4% |
| Accrued charges and deferred income | 492/3 | €189 | €9,753 | +€9,564 | +5,074% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €692,680 | €731,731 | +€39,051 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,462 | €20,157 | -€13,304 | -39.8% |
| Other operating charges | 640/8 | €2,196 | €2,942 | +€747 | +34.0% |
| Gross operating margin | 9900 | €661,347 | €781,392 | +€120,045 | +18.2% |
| Operating profit (loss) | 9901 | -€66,990 | €26,562 | +€93,552 | |
| Financial income | 75/76B | €6,761 | €3,736 | -€3,024 | -44.7% |
| Recurring financial income | 75 | €6,761 | €3,736 | -€3,024 | -44.7% |
| Financial charges | 65/66B | €10,595 | €10,975 | +€380 | +3.6% |
| Recurring financial charges | 65 | €10,595 | €10,975 | +€380 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€70,824 | €19,323 | +€90,147 | |
| Income taxes | 67/77 | €848 | €2,628 | +€1,780 | +210% |
| Profit (loss) for the period | 9904 | -€71,672 | €16,695 | +€88,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,672 | €16,695 | +€88,368 |
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 16 October 2026 via checked.be.