TAVOLARE: 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.
TAVOLARE
Largest movements
- Tangible fixed assets +€134,117
up €134,117 (+94.4%), from €142,057 to €276,174
of which Other tangible fixed assets: +€80,456
- Receivables within one year +€36,109
up €36,109 (+44.2%), from €81,626 to €117,736
of which Trade receivables: +€53,333
- Deferred charges and accrued income -€30,628
down €30,628 (-65.7%), from €46,607 to €15,979
- Cash +€16,543
up €16,543 (+15.3%), from €108,388 to €124,931
mainly Debts after one year (+€166,202) and Trade debts (+€75,502)
- Debts after one year +€166,202
new in 2025: €166,202
- Profit (loss) carried forward -€127,951
down €127,951 (-157%), from -€81,361 to -€209,312
- Trade debts +€75,502
up €75,502 (+63.4%), from €119,027 to €194,529
- Current portion of long-term debt +€47,733
new in 2025: €47,733
- Other debts -€43,525
down €43,525 (-20.0%), from €217,084 to €173,559
- Gross operating margin +€385,070
up €385,070 (+114%), from €336,409 to €721,478
- Staff costs +€370,787
up €370,787 (+96.3%), from €385,091 to €755,878
- Depreciation +€37,622
up €37,622 (+359%), from €10,469 to €48,091
- Other operating charges +€14,887
up €14,887 (+115%), from €12,960 to €27,847
- Financial charges +€8,227
up €8,227 (+88.9%), from €9,251 to €17,478
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 | €393,922 | €554,630 | +€160,708 | +40.8% |
| Fixed assets | 21/28 | €157,301 | €295,984 | +€138,683 | +88.2% |
| Intangible fixed assets | 21 | €15,058 | €19,624 | +€4,566 | +30.3% |
| Tangible fixed assets | 22/27 | €142,057 | €276,174 | +€134,117 | +94.4% |
| Plant, machinery and equipment | 23 | €82,308 | €142,219 | +€59,911 | +72.8% |
| Furniture and vehicles | 24 | €21,875 | €15,625 | -€6,250 | -28.6% |
| Other tangible fixed assets | 26 | €37,874 | €118,330 | +€80,456 | +212% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €236,621 | €258,646 | +€22,025 | +9.3% |
| Amounts receivable within one year | 40/41 | €81,626 | €117,736 | +€36,109 | +44.2% |
| Trade receivables | 40 | €59,434 | €112,768 | +€53,333 | +89.7% |
| Other amounts receivable | 41 | €22,192 | €4,968 | -€17,224 | -77.6% |
| Cash at bank and in hand | 54/58 | €108,388 | €124,931 | +€16,543 | +15.3% |
| Deferred charges and accrued income | 490/1 | €46,607 | €15,979 | -€30,628 | -65.7% |
| Total equity and liabilities | 10/49 | €393,922 | €554,630 | +€160,708 | +40.8% |
| Equity | 10/15 | -€56,361 | -€184,312 | -€127,951 | -227% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,361 | -€209,312 | -€127,951 | -157% |
| Amounts payable | 17/49 | €450,284 | €738,942 | +€288,659 | +64.1% |
| Amounts payable after more than one year | 17 | - | €166,202 | +€166,202 | |
| Financial debts | 170/4 | - | €166,202 | +€166,202 | |
| Amounts payable within one year | 42/48 | €363,706 | €519,510 | +€155,803 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | - | €47,733 | +€47,733 | |
| Trade debts | 44 | €119,027 | €194,529 | +€75,502 | +63.4% |
| Suppliers | 440/4 | €119,027 | €194,529 | +€75,502 | +63.4% |
| Advances received on contracts in progress | 46 | - | €37,581 | +€37,581 | |
| Taxes, remuneration and social security | 45 | €27,595 | €66,109 | +€38,514 | +140% |
| Taxes | 450/3 | €18 | €63 | +€45 | +248% |
| Remuneration and social security | 454/9 | €27,577 | €66,046 | +€38,469 | +139% |
| Other amounts payable | 47/48 | €217,084 | €173,559 | -€43,525 | -20.0% |
| Accrued charges and deferred income | 492/3 | €86,577 | €53,231 | -€33,346 | -38.5% |
| Remuneration, social security and pensions | 62 | €385,091 | €755,878 | +€370,787 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,469 | €48,091 | +€37,622 | +359% |
| Other operating charges | 640/8 | €12,960 | €27,847 | +€14,887 | +115% |
| Gross operating margin | 9900 | €336,409 | €721,478 | +€385,070 | +114% |
| Operating profit (loss) | 9901 | -€72,112 | -€110,338 | -€38,226 | -53.0% |
| Financial income | 75/76B | €1 | €174 | +€173 | +17,646% |
| Recurring financial income | 75 | €1 | €174 | +€173 | +17,646% |
| Financial charges | 65/66B | €9,251 | €17,478 | +€8,227 | +88.9% |
| Recurring financial charges | 65 | €9,251 | €17,478 | +€8,227 | +88.9% |
| Profit (loss) for the period before taxes | 9903 | -€81,361 | -€127,642 | -€46,280 | -56.9% |
| Income taxes | 67/77 | - | €309 | +€309 | |
| Profit (loss) for the period | 9904 | -€81,361 | -€127,951 | -€46,589 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,361 | -€127,951 | -€46,589 | -57.3% |
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 14 October 2026 via checked.be.