TAVERNIER MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€171,917
up €171,917 (+2,914%), from €5,900 to €177,817
of which Land and buildings: +€170,696
- Cash +€9,194
up €9,194 (+269%), from €3,415 to €12,609
mainly Debts after one year (+€137,779) and Net result for the year (+€17,533)
- Receivables within one year -€7,633
down €7,633 (-17.5%), from €43,688 to €36,055
of which Other amounts receivable: -€11,380
- Debts after one year +€137,779
new in 2025: €137,779
- Profit (loss) carried forward +€16,700
up €16,700 (+421%), from €3,964 to €20,664
- Tax, wage and social debts +€15,577
up €15,577 (+337%), from €4,616 to €20,193
- Current portion of long-term debt +€8,438
new in 2025: €8,438
- Trade debts -€6,889
down €6,889 (-73.2%), from €9,411 to €2,522
- Gross operating margin +€26,711
up €26,711 (+390%), from €6,849 to €33,559
- Depreciation +€6,457
up €6,457 (+2,525%), from €256 to €6,713
- Financial charges +€3,626
up €3,626 (+3,453%), from €105 to €3,731
- Taxes +€3,433
up €3,433 (+206%), from €1,665 to €5,098
- Other operating charges +€484
new in 2025: €484
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 | €55,661 | €228,385 | +€172,724 | +310% |
| Fixed assets | 21/28 | €5,900 | €177,817 | +€171,917 | +2,914% |
| Tangible fixed assets | 22/27 | €5,900 | €177,817 | +€171,917 | +2,914% |
| Land and buildings | 22 | - | €170,696 | +€170,696 | |
| Plant, machinery and equipment | 23 | €1,501 | €2,145 | +€644 | +42.9% |
| Other tangible fixed assets | 26 | €4,399 | €4,976 | +€577 | +13.1% |
| Current assets | 29/58 | €49,761 | €50,568 | +€807 | +1.6% |
| Amounts receivable within one year | 40/41 | €43,688 | €36,055 | -€7,633 | -17.5% |
| Trade receivables | 40 | €31,942 | €35,689 | +€3,747 | +11.7% |
| Other amounts receivable | 41 | €11,746 | €366 | -€11,380 | -96.9% |
| Cash at bank and in hand | 54/58 | €3,415 | €12,609 | +€9,194 | +269% |
| Deferred charges and accrued income | 490/1 | €2,658 | €1,904 | -€754 | -28.4% |
| Total equity and liabilities | 10/49 | €55,661 | €228,385 | +€172,724 | +310% |
| Equity | 10/15 | €5,364 | €22,064 | +€16,700 | +311% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,964 | €20,664 | +€16,700 | +421% |
| Amounts payable | 17/49 | €50,297 | €206,321 | +€156,024 | +310% |
| Amounts payable after more than one year | 17 | - | €137,779 | +€137,779 | |
| Financial debts | 170/4 | - | €137,779 | +€137,779 | |
| Amounts payable within one year | 42/48 | €50,297 | €68,541 | +€18,244 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,438 | +€8,438 | |
| Trade debts | 44 | €9,411 | €2,522 | -€6,889 | -73.2% |
| Suppliers | 440/4 | €9,411 | €2,522 | -€6,889 | -73.2% |
| Taxes, remuneration and social security | 45 | €4,616 | €20,193 | +€15,577 | +337% |
| Taxes | 450/3 | €4,616 | €20,193 | +€15,577 | +337% |
| Other amounts payable | 47/48 | €36,269 | €37,388 | +€1,118 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €6,713 | +€6,457 | +2,525% |
| Other operating charges | 640/8 | - | €484 | +€484 | |
| Gross operating margin | 9900 | €6,849 | €33,559 | +€26,711 | +390% |
| Operating profit (loss) | 9901 | €6,593 | €26,362 | +€19,769 | +300% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €105 | €3,731 | +€3,626 | +3,453% |
| Recurring financial charges | 65 | €105 | €3,731 | +€3,626 | +3,453% |
| Profit (loss) for the period before taxes | 9903 | €6,488 | €22,631 | +€16,143 | +249% |
| Income taxes | 67/77 | €1,665 | €5,098 | +€3,433 | +206% |
| Profit (loss) for the period | 9904 | €4,823 | €17,533 | +€12,710 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €4,823 | €17,533 | +€12,710 | +264% |
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 31 October 2026 via checked.be.