TAVIRA: 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.
TAVIRA
Largest movements
- Current investments -€46,048
down €46,048 (-12.3%), from €373,375 to €327,327
- Cash +€42,983
up €42,983 (+261%), from €16,499 to €59,482
mainly Current investments (+€46,048) and Other debts (+€23,922)
- Tangible fixed assets +€32,402
new in 2025: €32,402
- Receivables within one year +€5,486
up €5,486, from €0 to €5,486
of which Other amounts receivable: +€4,933
- Other debts +€23,922
up €23,922 (+308%), from €7,773 to €31,695
- Reserves +€11,804
up €11,804 (+3.2%), from €368,369 to €380,174
of which Distributable reserves: +€11,804
- Gross operating margin -€28,992
down €28,992 (-69.6%), from €41,644 to €12,652
- Taxes -€12,251
down €12,251 (-71.9%), from €17,034 to €4,783
- Financial income -€6,170
down €6,170 (-40.4%), from €15,257 to €9,087
- Depreciation +€1,998
new in 2025: €1,998
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 | €390,516 | €425,886 | +€35,370 | +9.1% |
| Fixed assets | 21/28 | - | €32,402 | +€32,402 | |
| Tangible fixed assets | 22/27 | - | €32,402 | +€32,402 | |
| Furniture and vehicles | 24 | - | €32,402 | +€32,402 | |
| Current assets | 29/58 | €390,516 | €393,484 | +€2,968 | +0.8% |
| Amounts receivable within one year | 40/41 | €0 | €5,486 | +€5,486 | |
| Trade receivables | 40 | €0 | €553 | +€553 | |
| Other amounts receivable | 41 | €0 | €4,933 | +€4,933 | |
| Current investments | 50/53 | €373,375 | €327,327 | -€46,048 | -12.3% |
| Cash at bank and in hand | 54/58 | €16,499 | €59,482 | +€42,983 | +261% |
| Deferred charges and accrued income | 490/1 | €641 | €1,188 | +€546 | +85.2% |
| Total equity and liabilities | 10/49 | €390,516 | €425,886 | +€35,370 | +9.1% |
| Equity | 10/15 | €380,769 | €392,574 | +€11,804 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €368,369 | €380,174 | +€11,804 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €366,509 | €378,314 | +€11,804 | +3.2% |
| Amounts payable | 17/49 | €9,747 | €33,312 | +€23,565 | +242% |
| Amounts payable within one year | 42/48 | €9,198 | €33,312 | +€24,114 | +262% |
| Trade debts | 44 | €99 | €747 | +€648 | +651% |
| Suppliers | 440/4 | €99 | €747 | +€648 | +651% |
| Taxes, remuneration and social security | 45 | €1,325 | €870 | -€455 | -34.4% |
| Taxes | 450/3 | €1,325 | €870 | -€455 | -34.4% |
| Other amounts payable | 47/48 | €7,773 | €31,695 | +€23,922 | +308% |
| Accrued charges and deferred income | 492/3 | €549 | €0 | -€549 | -100% |
| Non-recurring operating income | 76A | - | €5,200 | +€5,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,998 | +€1,998 | |
| Other operating charges | 640/8 | €1,038 | €776 | -€263 | -25.3% |
| Gross operating margin | 9900 | €41,644 | €12,652 | -€28,992 | -69.6% |
| Operating profit (loss) | 9901 | €40,606 | €9,878 | -€30,727 | -75.7% |
| Financial income | 75/76B | €15,257 | €9,087 | -€6,170 | -40.4% |
| Recurring financial income | 75 | €15,257 | €9,087 | -€6,170 | -40.4% |
| Financial charges | 65/66B | €2,275 | €2,378 | +€103 | +4.5% |
| Recurring financial charges | 65 | €2,275 | €2,378 | +€103 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €53,587 | €16,587 | -€37,000 | -69.0% |
| Income taxes | 67/77 | €17,034 | €4,783 | -€12,251 | -71.9% |
| Profit (loss) for the period | 9904 | €36,553 | €11,804 | -€24,749 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,553 | €11,804 | -€24,749 | -67.7% |
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 17 October 2026 via checked.be.