TAVERNIER: 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.
TAVERNIER
Largest movements
- Receivables within one year +€15,626
up €15,626 (+51.6%), from €30,267 to €45,893
of which Trade receivables: +€15,665
- Stocks and contracts -€11,686
down €11,686 (-9.3%), from €126,324 to €114,638
- Intangible fixed assets -€7,482
down €7,482 (-25.9%), from €28,895 to €21,413
- Tangible fixed assets -€3,436
down €3,436 (-3.5%), from €98,589 to €95,153
of which Land and buildings: -€14,156
- Profit (loss) carried forward -€31,192
down €31,192 (-20.2%), from -€154,261 to -€185,452
- Other debts +€28,800
up €28,800 (+27.4%), from €105,239 to €134,039
- Debts after one year -€15,256
down €15,256 (-13.4%), from €114,216 to €98,961
- Tax, wage and social debts +€7,171
up €7,171 (+27.2%), from €26,410 to €33,581
of which Remuneration and social security: +€6,607
- Trade debts +€4,978
up €4,978 (+13.5%), from €36,851 to €41,829
- Staff costs +€34,823
up €34,823 (+31.8%), from €109,514 to €144,337
- Gross operating margin +€24,391
up €24,391 (+19.7%), from €123,816 to €148,206
- Financial charges -€4,691
down €4,691 (-41.0%), from €11,432 to €6,741
- Depreciation +€4,646
up €4,646 (+21.5%), from €21,587 to €26,233
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 | €330,274 | €325,250 | -€5,025 | -1.5% |
| Fixed assets | 21/28 | €127,708 | €116,789 | -€10,918 | -8.5% |
| Intangible fixed assets | 21 | €28,895 | €21,413 | -€7,482 | -25.9% |
| Tangible fixed assets | 22/27 | €98,589 | €95,153 | -€3,436 | -3.5% |
| Land and buildings | 22 | €95,261 | €81,105 | -€14,156 | -14.9% |
| Plant, machinery and equipment | 23 | €1,378 | €2,625 | +€1,247 | +90.5% |
| Furniture and vehicles | 24 | €1,951 | €11,423 | +€9,472 | +486% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €202,567 | €208,461 | +€5,894 | +2.9% |
| Stocks and contracts in progress | 3 | €126,324 | €114,638 | -€11,686 | -9.3% |
| Stocks | 30/36 | €126,324 | €114,638 | -€11,686 | -9.3% |
| Amounts receivable within one year | 40/41 | €30,267 | €45,893 | +€15,626 | +51.6% |
| Trade receivables | 40 | €30,214 | €45,880 | +€15,665 | +51.8% |
| Other amounts receivable | 41 | €53 | €13 | -€39 | -74.5% |
| Cash at bank and in hand | 54/58 | €40,852 | €43,512 | +€2,660 | +6.5% |
| Deferred charges and accrued income | 490/1 | €5,123 | €4,418 | -€706 | -13.8% |
| Total equity and liabilities | 10/49 | €330,274 | €325,250 | -€5,025 | -1.5% |
| Equity | 10/15 | €28,685 | -€2,506 | -€31,192 | |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €21,815 | €21,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,702 | €5,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,261 | -€185,452 | -€31,192 | -20.2% |
| Provisions and deferred taxes | 16 | €4,214 | €4,214 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,214 | €4,214 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,214 | €4,214 | = | 0.0% |
| Amounts payable | 17/49 | €297,375 | €323,542 | +€26,167 | +8.8% |
| Amounts payable after more than one year | 17 | €114,216 | €98,961 | -€15,256 | -13.4% |
| Financial debts | 170/4 | €114,216 | €98,961 | -€15,256 | -13.4% |
| Amounts payable within one year | 42/48 | €183,159 | €224,581 | +€41,423 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €14,658 | €15,133 | +€474 | +3.2% |
| Trade debts | 44 | €36,851 | €41,829 | +€4,978 | +13.5% |
| Suppliers | 440/4 | €36,851 | €41,829 | +€4,978 | +13.5% |
| Taxes, remuneration and social security | 45 | €26,410 | €33,581 | +€7,171 | +27.2% |
| Taxes | 450/3 | €4,626 | €5,190 | +€564 | +12.2% |
| Remuneration and social security | 454/9 | €21,784 | €28,390 | +€6,607 | +30.3% |
| Other amounts payable | 47/48 | €105,239 | €134,039 | +€28,800 | +27.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €109,514 | €144,337 | +€34,823 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,587 | €26,233 | +€4,646 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90 | €0 | -€90 | -100% |
| Other operating charges | 640/8 | €3,364 | €3,619 | +€255 | +7.6% |
| Gross operating margin | 9900 | €123,816 | €148,206 | +€24,391 | +19.7% |
| Operating profit (loss) | 9901 | -€10,739 | -€25,983 | -€15,244 | -142% |
| Financial income | 75/76B | €1,189 | €1,532 | +€343 | +28.9% |
| Recurring financial income | 75 | €1,189 | €1,532 | +€343 | +28.9% |
| Financial charges | 65/66B | €11,432 | €6,741 | -€4,691 | -41.0% |
| Recurring financial charges | 65 | €11,432 | €6,741 | -€4,691 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,981 | -€31,192 | -€10,210 | -48.7% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€20,981 | -€31,192 | -€10,210 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,981 | -€31,192 | -€10,210 | -48.7% |
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 17 October 2026 via checked.be.