T.C.V. Service: 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.
T.C.V. Service
Largest movements
- Tangible fixed assets -€10,619
down €10,619 (-5.0%), from €211,817 to €201,197
of which Land and buildings: -€9,145
- Cash +€6,577
up €6,577 (+113%), from €5,809 to €12,385
mainly Depreciation (+€15,065) and Trade debts (+€3,107)
- Receivables within one year +€4,319
up €4,319 (+95.1%), from €4,540 to €8,859
- Debts after one year -€10,039
down €10,039 (-5.7%), from €177,001 to €166,962
- Trade debts +€3,107
up €3,107 (+33.8%), from €9,191 to €12,298
- Profit (loss) carried forward +€2,923
up €2,923 (+7.9%), from -€36,815 to -€33,892
- Gross operating margin +€8,943
up €8,943 (+61.3%), from €14,595 to €23,538
- Depreciation +€799
up €799 (+5.6%), from €14,266 to €15,065
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 | €225,064 | €224,991 | -€72 | 0.0% |
| Formation expenses | 20 | €426 | - | -€426 | |
| Fixed assets | 21/28 | €211,817 | €201,197 | -€10,619 | -5.0% |
| Tangible fixed assets | 22/27 | €211,817 | €201,197 | -€10,619 | -5.0% |
| Land and buildings | 22 | €182,908 | €173,762 | -€9,145 | -5.0% |
| Plant, machinery and equipment | 23 | €28,909 | €26,672 | -€2,237 | -7.7% |
| Furniture and vehicles | 24 | - | €763 | +€763 | |
| Current assets | 29/58 | €12,821 | €23,794 | +€10,973 | +85.6% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,540 | €8,859 | +€4,319 | +95.1% |
| Trade receivables | 40 | €4,540 | €8,859 | +€4,319 | +95.1% |
| Cash at bank and in hand | 54/58 | €5,809 | €12,385 | +€6,577 | +113% |
| Deferred charges and accrued income | 490/1 | €472 | €549 | +€77 | +16.4% |
| Total equity and liabilities | 10/49 | €225,064 | €224,991 | -€72 | 0.0% |
| Equity | 10/15 | -€11,815 | -€8,892 | +€2,923 | +24.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,815 | -€33,892 | +€2,923 | +7.9% |
| Amounts payable | 17/49 | €236,879 | €233,883 | -€2,996 | -1.3% |
| Amounts payable after more than one year | 17 | €177,001 | €166,962 | -€10,039 | -5.7% |
| Financial debts | 170/4 | €177,001 | €166,962 | -€10,039 | -5.7% |
| Amounts payable within one year | 42/48 | €59,878 | €66,922 | +€7,043 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,031 | €10,039 | +€8 | +0.1% |
| Trade debts | 44 | €9,191 | €12,298 | +€3,107 | +33.8% |
| Suppliers | 440/4 | €9,191 | €12,298 | +€3,107 | +33.8% |
| Taxes, remuneration and social security | 45 | €773 | €2,969 | +€2,196 | +284% |
| Taxes | 450/3 | €773 | €2,969 | +€2,196 | +284% |
| Other amounts payable | 47/48 | €39,883 | €41,615 | +€1,732 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,266 | €15,065 | +€799 | +5.6% |
| Other operating charges | 640/8 | €1,475 | €1,435 | -€40 | -2.7% |
| Gross operating margin | 9900 | €14,595 | €23,538 | +€8,943 | +61.3% |
| Operating profit (loss) | 9901 | -€1,145 | €7,039 | +€8,184 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -98.7% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -98.7% |
| Financial charges | 65/66B | €4,286 | €4,116 | -€170 | -4.0% |
| Recurring financial charges | 65 | €4,286 | €4,116 | -€170 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,417 | €2,923 | +€8,340 | |
| Profit (loss) for the period | 9904 | -€5,417 | €2,923 | +€8,340 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,417 | €2,923 | +€8,340 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.