TAVIMMO: what changed
Two fiscal 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.
TAVIMMO
Largest movements
- Tangible fixed assets -€899,221
down €899,221 (-100.0%), from €899,221 to €0
- Stocks and contracts +€649,917
new in 2024: €649,917
- Receivables within one year -€145,548
down €145,548 (-90.2%), from €161,442 to €15,894
- Cash +€22,547
up €22,547 (+248.9%), from €9,057 to €31,604
mainly Investment in fixed assets (net) (+€899,221) and Receivables within one year (+€145,548)
- Other debts -€340,480
down €340,480 (-22.4%), from €1.5m to €1.2m
- Current portion of long-term debt -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Profit (loss) carried forward +€29,955
up €29,955 (+107.5%), from €27,854 to €57,809
- Gross operating margin +€81,326
up €81,326 (+897.7%), from €9,060 to €90,385
- Financial charges +€47,043
up €47,043 (+2338.4%), from €2,012 to €49,055
- Taxes +€10,354
up €10,354 (+1196.0%), from €866 to €11,220
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,722,105 | €1,347,415 | -€374,690 | -21.8% |
| Fixed assets | 21/28 | €1,549,221 | €650,000 | -€899,221 | -58.0% |
| Tangible fixed assets | 22/27 | €899,221 | €0 | -€899,221 | -100.0% |
| Land and buildings | 22 | €899,221 | €0 | -€899,221 | -100.0% |
| Financial fixed assets | 28 | €650,000 | €650,000 | = | 0.0% |
| Current assets | 29/58 | €172,884 | €697,415 | +€524,531 | +303.4% |
| Stocks and contracts in progress | 3 | - | €649,917 | +€649,917 | |
| Stocks | 30/36 | - | €649,917 | +€649,917 | |
| Amounts receivable within one year | 40/41 | €161,442 | €15,894 | -€145,548 | -90.2% |
| Other amounts receivable | 41 | €161,442 | €15,894 | -€145,548 | -90.2% |
| Cash at bank and in hand | 54/58 | €9,057 | €31,604 | +€22,547 | +248.9% |
| Deferred charges and accrued income | 490/1 | €2,385 | €0 | -€2,385 | -100.0% |
| Total equity and liabilities | 10/49 | €1,722,105 | €1,347,415 | -€374,690 | -21.8% |
| Equity | 10/15 | €127,854 | €157,809 | +€29,955 | +23.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,854 | €57,809 | +€29,955 | +107.5% |
| Amounts payable | 17/49 | €1,594,251 | €1,189,606 | -€404,645 | -25.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,592,866 | €1,188,606 | -€404,260 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €0 | -€75,000 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €866 | €12,086 | +€11,220 | +1296.0% |
| Taxes | 450/3 | €866 | €12,086 | +€11,220 | +1296.0% |
| Other amounts payable | 47/48 | €1,517,000 | €1,176,520 | -€340,480 | -22.4% |
| Accrued charges and deferred income | 492/3 | €1,385 | €1,000 | -€385 | -27.8% |
| Non-recurring operating income | 76A | €9,941 | €0 | -€9,941 | -100.0% |
| Other operating charges | 640/8 | €1,872 | €1,507 | -€365 | -19.5% |
| Gross operating margin | 9900 | €9,060 | €90,385 | +€81,326 | +897.7% |
| Operating profit (loss) | 9901 | €7,188 | €88,878 | +€81,690 | +1136.5% |
| Financial income | 75/76B | €1,381 | €1,352 | -€29 | -2.1% |
| Recurring financial income | 75 | €1,381 | €1,352 | -€29 | -2.1% |
| Financial charges | 65/66B | €2,012 | €49,055 | +€47,043 | +2338.4% |
| Recurring financial charges | 65 | €2,012 | €49,055 | +€47,043 | +2338.4% |
| Profit (loss) for the period before taxes | 9903 | €6,557 | €41,175 | +€34,618 | +527.9% |
| Income taxes | 67/77 | €866 | €11,220 | +€10,354 | +1196.0% |
| Profit (loss) for the period | 9904 | €5,691 | €29,955 | +€24,263 | +426.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,691 | €29,955 | +€24,263 | +426.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.