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
- Cash +€74,764
up €74,764 (+561.2%), from €13,321 to €88,085
mainly Receivables within one year (+€53,363) and Depreciation (+€48,637)
- Receivables within one year -€53,363
down €53,363 (-13.0%), from €411,111 to €357,748
of which Trade receivables: -€63,477
- Tangible fixed assets +€20,408
up €20,408 (+16.6%), from €122,994 to €143,401
of which Leasing and similar rights: +€31,041
- Intangible fixed assets +€13,333
up €13,333 (+5924.8%), from €225 to €13,558
- Tax, wage and social debts +€35,209
up €35,209 (+48.1%), from €73,202 to €108,410
of which Remuneration and social security: +€29,434
- Trade debts -€31,766
down €31,766 (-29.8%), from €106,460 to €74,693
- Short-term financial debts +€25,301
up €25,301 (+41.9%), from €60,417 to €85,718
of which Other loans: +€25,301
- Debts after one year +€20,205
up €20,205 (+35.7%), from €56,661 to €76,866
- Staff costs +€60,912
up €60,912 (+10.5%), from €577,494 to €638,406
- Write-downs -€13,989
down €13,989 (-100.0%), from €13,989 to €0
- Taxes -€10,555
down €10,555 (-61.5%), from €17,175 to €6,620
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.
Cash bridge derived
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 | €623,436 | €678,992 | +€55,555 | +8.9% |
| Fixed assets | 21/28 | €123,344 | €157,084 | +€33,740 | +27.4% |
| Intangible fixed assets | 21 | €225 | €13,558 | +€13,333 | +5924.8% |
| Tangible fixed assets | 22/27 | €122,994 | €143,401 | +€20,408 | +16.6% |
| Plant, machinery and equipment | 23 | €17,607 | €15,853 | -€1,754 | -10.0% |
| Furniture and vehicles | 24 | €30,644 | €21,873 | -€8,770 | -28.6% |
| Leasing and similar rights | 25 | €73,764 | €104,804 | +€31,041 | +42.1% |
| Other tangible fixed assets | 26 | €979 | €870 | -€109 | -11.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €500,093 | €521,908 | +€21,815 | +4.4% |
| Stocks and contracts in progress | 3 | €58,142 | €54,344 | -€3,798 | -6.5% |
| Stocks | 30/36 | €58,142 | €54,344 | -€3,798 | -6.5% |
| Amounts receivable within one year | 40/41 | €411,111 | €357,748 | -€53,363 | -13.0% |
| Trade receivables | 40 | €380,446 | €316,969 | -€63,477 | -16.7% |
| Other amounts receivable | 41 | €30,664 | €40,779 | +€10,115 | +33.0% |
| Cash at bank and in hand | 54/58 | €13,321 | €88,085 | +€74,764 | +561.2% |
| Deferred charges and accrued income | 490/1 | €17,519 | €21,731 | +€4,212 | +24.0% |
| Total equity and liabilities | 10/49 | €623,436 | €678,992 | +€55,555 | +8.9% |
| Equity | 10/15 | €281,958 | €286,031 | +€4,073 | +1.4% |
| Contributions | 10/11 | €267,538 | €267,538 | = | 0.0% |
| Capital | 10 | €267,538 | €267,538 | = | 0.0% |
| Issued capital | 100 | €267,538 | €267,538 | = | 0.0% |
| Reserves | 13 | €7,918 | €8,121 | +€204 | +2.6% |
| Non-distributable reserves | 130/1 | €7,743 | €7,946 | +€204 | +2.6% |
| Legal reserve | 130 | €7,743 | €7,946 | +€204 | +2.6% |
| Distributable reserves | 133 | €175 | €175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,502 | €10,371 | +€3,869 | +59.5% |
| Amounts payable | 17/49 | €341,478 | €392,961 | +€51,483 | +15.1% |
| Amounts payable after more than one year | 17 | €56,661 | €76,866 | +€20,205 | +35.7% |
| Financial debts | 170/4 | €56,661 | €76,866 | +€20,205 | +35.7% |
| Amounts payable within one year | 42/48 | €283,704 | €315,463 | +€31,759 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €43,626 | €46,641 | +€3,015 | +6.9% |
| Financial debts | 43 | €60,417 | €85,718 | +€25,301 | +41.9% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €60,417 | €85,718 | +€25,301 | +41.9% |
| Trade debts | 44 | €106,460 | €74,693 | -€31,766 | -29.8% |
| Suppliers | 440/4 | €106,460 | €74,693 | -€31,766 | -29.8% |
| Taxes, remuneration and social security | 45 | €73,202 | €108,410 | +€35,209 | +48.1% |
| Taxes | 450/3 | €17,244 | €23,019 | +€5,775 | +33.5% |
| Remuneration and social security | 454/9 | €55,957 | €85,391 | +€29,434 | +52.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,114 | €633 | -€481 | -43.2% |
| Remuneration, social security and pensions | 62 | €577,494 | €638,406 | +€60,912 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,076 | €48,637 | +€3,561 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,989 | €0 | -€13,989 | -100.0% |
| Other operating charges | 640/8 | €9,869 | €16,073 | +€6,204 | +62.9% |
| Non-recurring operating charges | 66A | - | €1,463 | +€1,463 | |
| Gross operating margin | 9900 | €725,861 | €728,043 | +€2,182 | +0.3% |
| Operating profit (loss) | 9901 | €79,433 | €23,465 | -€55,968 | -70.5% |
| Financial income | 75/76B | €1,289 | €1,534 | +€245 | +19.0% |
| Recurring financial income | 75 | €1,289 | €1,534 | +€245 | +19.0% |
| Financial charges | 65/66B | €11,981 | €14,306 | +€2,324 | +19.4% |
| Recurring financial charges | 65 | €11,981 | €14,306 | +€2,324 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €68,740 | €10,693 | -€58,048 | -84.4% |
| Income taxes | 67/77 | €17,175 | €6,620 | -€10,555 | -61.5% |
| Profit (loss) for the period | 9904 | €51,565 | €4,073 | -€47,492 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,565 | €4,073 | -€47,492 | -92.1% |
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 11 October 2026 via checked.be.