TAVERNIER D.: 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 D.
Largest movements
- Tangible fixed assets -€76,993
down €76,993 (-10.5%), from €736,478 to €659,486
- Cash +€38,429
up €38,429 (+51.6%), from €74,442 to €112,871
mainly Depreciation (+€76,993) and Trade debts (+€56,097)
- Receivables within one year +€31,448
up €31,448 (+13.7%), from €229,886 to €261,334
of which Trade receivables: +€41,014
- Trade debts +€56,097
up €56,097 (+75.4%), from €74,415 to €130,512
- Debts after one year -€43,977
down €43,977 (-9.4%), from €466,299 to €422,322
- Accrued charges and deferred income -€25,423
down €25,423 (-58.2%), from €43,685 to €18,262
- Gross operating margin -€108,850
down €108,850 (-36.4%), from €298,908 to €190,058
- Staff costs +€49,802
up €49,802 (+219%), from €22,717 to €72,520
- Taxes -€48,329
down €48,329 (-81.7%), from €59,158 to €10,829
- Depreciation +€7,263
up €7,263 (+10.4%), from €69,730 to €76,993
- Other operating charges -€3,985
down €3,985 (-37.0%), from €10,770 to €6,786
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 | €1,071,193 | €1,064,183 | -€7,010 | -0.7% |
| Fixed assets | 21/28 | €737,587 | €660,595 | -€76,993 | -10.4% |
| Tangible fixed assets | 22/27 | €736,478 | €659,486 | -€76,993 | -10.5% |
| Land and buildings | 22 | €443,822 | €405,527 | -€38,295 | -8.6% |
| Plant, machinery and equipment | 23 | €19,090 | €15,152 | -€3,939 | -20.6% |
| Furniture and vehicles | 24 | €79,242 | €60,137 | -€19,105 | -24.1% |
| Assets under construction and advance payments | 27 | €194,324 | €178,670 | -€15,654 | -8.1% |
| Financial fixed assets | 28 | €1,109 | €1,109 | = | 0.0% |
| Current assets | 29/58 | €333,606 | €403,589 | +€69,983 | +21.0% |
| Stocks and contracts in progress | 3 | €26,573 | €29,384 | +€2,811 | +10.6% |
| Stocks | 30/36 | €26,573 | €29,384 | +€2,811 | +10.6% |
| Amounts receivable within one year | 40/41 | €229,886 | €261,334 | +€31,448 | +13.7% |
| Trade receivables | 40 | €219,266 | €260,280 | +€41,014 | +18.7% |
| Other amounts receivable | 41 | €10,620 | €1,054 | -€9,565 | -90.1% |
| Cash at bank and in hand | 54/58 | €74,442 | €112,871 | +€38,429 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,705 | - | -€2,705 | |
| Total equity and liabilities | 10/49 | €1,071,193 | €1,064,183 | -€7,010 | -0.7% |
| Equity | 10/15 | €375,099 | €385,560 | +€10,461 | +2.8% |
| Contributions | 10/11 | €8,684 | €8,684 | = | 0.0% |
| Reserves | 13 | €285,553 | €296,014 | +€10,461 | +3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,521 | €5,521 | = | 0.0% |
| Distributable reserves | 133 | €278,172 | €288,633 | +€10,461 | +3.8% |
| Profit (loss) carried forward | 14 | €80,862 | €80,862 | = | 0.0% |
| Amounts payable | 17/49 | €696,094 | €678,623 | -€17,471 | -2.5% |
| Amounts payable after more than one year | 17 | €466,299 | €422,322 | -€43,977 | -9.4% |
| Financial debts | 170/4 | €466,299 | €422,322 | -€43,977 | -9.4% |
| Amounts payable within one year | 42/48 | €186,110 | €238,039 | +€51,929 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €42,954 | €43,977 | +€1,023 | +2.4% |
| Trade debts | 44 | €74,415 | €130,512 | +€56,097 | +75.4% |
| Suppliers | 440/4 | €74,415 | €130,512 | +€56,097 | +75.4% |
| Taxes, remuneration and social security | 45 | €68,741 | €63,313 | -€5,428 | -7.9% |
| Taxes | 450/3 | €52,988 | €50,136 | -€2,852 | -5.4% |
| Remuneration and social security | 454/9 | €15,753 | €13,178 | -€2,575 | -16.3% |
| Other amounts payable | 47/48 | - | €236 | +€236 | |
| Accrued charges and deferred income | 492/3 | €43,685 | €18,262 | -€25,423 | -58.2% |
| Non-recurring operating income | 76A | - | €33,000 | +€33,000 | |
| Remuneration, social security and pensions | 62 | €22,717 | €72,520 | +€49,802 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,730 | €76,993 | +€7,263 | +10.4% |
| Other operating charges | 640/8 | €10,770 | €6,786 | -€3,985 | -37.0% |
| Gross operating margin | 9900 | €298,908 | €190,058 | -€108,850 | -36.4% |
| Operating profit (loss) | 9901 | €195,691 | €33,760 | -€161,931 | -82.7% |
| Financial income | 75/76B | €1,245 | €521 | -€724 | -58.2% |
| Recurring financial income | 75 | €1,245 | €521 | -€724 | -58.2% |
| Financial charges | 65/66B | €13,424 | €12,990 | -€434 | -3.2% |
| Recurring financial charges | 65 | €13,424 | €12,990 | -€434 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €183,511 | €21,290 | -€162,220 | -88.4% |
| Income taxes | 67/77 | €59,158 | €10,829 | -€48,329 | -81.7% |
| Profit (loss) for the period | 9904 | €124,353 | €10,461 | -€113,892 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,353 | €10,461 | -€113,892 | -91.6% |
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 22 October 2026 via checked.be.