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 +€433,408
up €433,408 (+250.3%), from €173,156 to €606,565
mainly Other debts (+€550,000) and Debts after one year (+€225,000)
- Tangible fixed assets -€106,094
down €106,094 (-36.0%), from €294,970 to €188,876
of which Furniture and vehicles: -€103,846
- Receivables within one year +€103,025
up €103,025 (+47.5%), from €216,820 to €319,845
of which Trade receivables: +€109,880
- Stocks and contracts -€48,376
down €48,376 (-4.3%), from €1.1m to €1.1m
- Other debts +€550,000
up €550,000 (+323.5%), from €170,000 to €720,000
- Reserves -€470,996
down €470,996 (-98.9%), from €476,469 to €5,472
of which Distributable reserves: -€470,996
- Debts after one year +€225,000
up €225,000 (+28.7%), from €785,000 to €1.0m
- Tax, wage and social debts +€90,562
up €90,562 (+190.4%), from €47,569 to €138,131
of which Taxes: +€79,713
- Accrued charges and deferred income -€24,407
down €24,407 (-48.8%), from €50,017 to €25,610
- Gross operating margin +€89,575
up €89,575 (+27.6%), from €323,990 to €413,565
- Staff costs +€66,017
up €66,017 (+40.5%), from €163,024 to €229,041
- Depreciation -€18,912
down €18,912 (-45.2%), from €41,881 to €22,968
- Financial charges +€10,021
up €10,021 (+24.2%), from €41,472 to €51,493
- Taxes +€6,728
up €6,728 (+35.6%), from €18,882 to €25,610
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 | €1,825,387 | €2,217,728 | +€392,341 | +21.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €294,970 | €188,876 | -€106,094 | -36.0% |
| Tangible fixed assets | 22/27 | €294,970 | €188,876 | -€106,094 | -36.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €275,856 | €172,010 | -€103,846 | -37.6% |
| Leasing and similar rights | 25 | €19,114 | €16,866 | -€2,248 | -11.8% |
| Current assets | 29/58 | €1,530,416 | €2,028,852 | +€498,435 | +32.6% |
| Stocks and contracts in progress | 3 | €1,115,261 | €1,066,886 | -€48,376 | -4.3% |
| Stocks | 30/36 | €1,115,261 | €1,066,886 | -€48,376 | -4.3% |
| Amounts receivable within one year | 40/41 | €216,820 | €319,845 | +€103,025 | +47.5% |
| Trade receivables | 40 | €205,838 | €315,718 | +€109,880 | +53.4% |
| Other amounts receivable | 41 | €10,983 | €4,127 | -€6,856 | -62.4% |
| Cash at bank and in hand | 54/58 | €173,156 | €606,565 | +€433,408 | +250.3% |
| Deferred charges and accrued income | 490/1 | €25,178 | €35,556 | +€10,378 | +41.2% |
| Total equity and liabilities | 10/49 | €1,825,387 | €2,217,728 | +€392,341 | +21.5% |
| Equity | 10/15 | €716,469 | €245,472 | -€470,996 | -65.7% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €476,469 | €5,472 | -€470,996 | -98.9% |
| Non-distributable reserves | 130/1 | €5,050 | €5,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,050 | €5,050 | = | 0.0% |
| Distributable reserves | 133 | €471,418 | €422 | -€470,996 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,108,918 | €1,972,256 | +€863,338 | +77.9% |
| Amounts payable after more than one year | 17 | €785,000 | €1,010,000 | +€225,000 | +28.7% |
| Financial debts | 170/4 | €785,000 | €1,010,000 | +€225,000 | +28.7% |
| Amounts payable within one year | 42/48 | €273,901 | €936,646 | +€662,745 | +242.0% |
| Trade debts | 44 | €56,332 | €78,514 | +€22,183 | +39.4% |
| Suppliers | 440/4 | €56,332 | €78,514 | +€22,183 | +39.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €47,569 | €138,131 | +€90,562 | +190.4% |
| Taxes | 450/3 | €19,752 | €99,465 | +€79,713 | +403.6% |
| Remuneration and social security | 454/9 | €27,818 | €38,667 | +€10,849 | +39.0% |
| Other amounts payable | 47/48 | €170,000 | €720,000 | +€550,000 | +323.5% |
| Accrued charges and deferred income | 492/3 | €50,017 | €25,610 | -€24,407 | -48.8% |
| Non-recurring operating income | 76A | - | €19,210 | +€19,210 | |
| Remuneration, social security and pensions | 62 | €163,024 | €229,041 | +€66,017 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,881 | €22,968 | -€18,912 | -45.2% |
| Other operating charges | 640/8 | €5,350 | €5,450 | +€99 | +1.9% |
| Gross operating margin | 9900 | €323,990 | €413,565 | +€89,575 | +27.6% |
| Operating profit (loss) | 9901 | €113,735 | €156,106 | +€42,371 | +37.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €41,472 | €51,493 | +€10,021 | +24.2% |
| Recurring financial charges | 65 | €41,472 | €51,493 | +€10,021 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €72,268 | €104,613 | +€32,346 | +44.8% |
| Income taxes | 67/77 | €18,882 | €25,610 | +€6,728 | +35.6% |
| Profit (loss) for the period | 9904 | €53,386 | €79,004 | +€25,618 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,386 | €79,004 | +€25,618 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.