T&V PARTNERS: 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&V PARTNERS
Largest movements
- Receivables within one year -€28,648
down €28,648 (-18.0%), from €158,737 to €130,089
of which Other amounts receivable: -€17,426
- Deferred charges and accrued income -€2,550
down €2,550 (-34.6%), from €7,368 to €4,818
- Other debts +€95,822
new in 2025: €95,822
- Trade debts -€94,606
down €94,606 (-81.2%), from €116,495 to €21,889
- Profit (loss) carried forward -€32,673
down €32,673 (-99.4%), from €32,878 to €205
- Staff costs -€55,680
down €55,680 (-27.1%), from €205,703 to €150,024
- Gross operating margin -€13,061
down €13,061 (-5.2%), from €252,224 to €239,163
- Taxes +€12,751
up €12,751 (+121%), from €10,563 to €23,314
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 | €195,928 | €165,561 | -€30,367 | -15.5% |
| Fixed assets | 21/28 | €4,368 | €3,320 | -€1,048 | -24.0% |
| Tangible fixed assets | 22/27 | €4,368 | €3,320 | -€1,048 | -24.0% |
| Furniture and vehicles | 24 | €4,368 | €3,320 | -€1,048 | -24.0% |
| Current assets | 29/58 | €191,560 | €162,241 | -€29,319 | -15.3% |
| Amounts receivable within one year | 40/41 | €158,737 | €130,089 | -€28,648 | -18.0% |
| Trade receivables | 40 | €127,251 | €116,029 | -€11,222 | -8.8% |
| Other amounts receivable | 41 | €31,485 | €14,059 | -€17,426 | -55.3% |
| Cash at bank and in hand | 54/58 | €25,456 | €27,334 | +€1,879 | +7.4% |
| Deferred charges and accrued income | 490/1 | €7,368 | €4,818 | -€2,550 | -34.6% |
| Total equity and liabilities | 10/49 | €195,928 | €165,561 | -€30,367 | -15.5% |
| Equity | 10/15 | €51,478 | €18,805 | -€32,673 | -63.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,878 | €205 | -€32,673 | -99.4% |
| Amounts payable | 17/49 | €144,450 | €146,756 | +€2,307 | +1.6% |
| Amounts payable within one year | 42/48 | €144,450 | €146,756 | +€2,307 | +1.6% |
| Trade debts | 44 | €116,495 | €21,889 | -€94,606 | -81.2% |
| Suppliers | 440/4 | €116,495 | €21,889 | -€94,606 | -81.2% |
| Taxes, remuneration and social security | 45 | €27,955 | €29,045 | +€1,090 | +3.9% |
| Taxes | 450/3 | €11,544 | €7,779 | -€3,765 | -32.6% |
| Remuneration and social security | 454/9 | €16,412 | €21,267 | +€4,855 | +29.6% |
| Other amounts payable | 47/48 | - | €95,822 | +€95,822 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €205,703 | €150,024 | -€55,680 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,196 | €2,583 | -€613 | -19.2% |
| Other operating charges | 640/8 | - | €207 | +€207 | |
| Gross operating margin | 9900 | €252,224 | €239,163 | -€13,061 | -5.2% |
| Operating profit (loss) | 9901 | €43,325 | €86,350 | +€43,025 | +99.3% |
| Financial income | 75/76B | €165 | €266 | +€101 | +60.9% |
| Recurring financial income | 75 | €165 | €266 | +€101 | +60.9% |
| Financial charges | 65/66B | €131 | €153 | +€22 | +16.7% |
| Recurring financial charges | 65 | €131 | €153 | +€22 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €43,359 | €86,463 | +€43,104 | +99.4% |
| Income taxes | 67/77 | €10,563 | €23,314 | +€12,751 | +121% |
| Profit (loss) for the period | 9904 | €32,796 | €63,149 | +€30,353 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,796 | €63,149 | +€30,353 | +92.5% |
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 21 October 2026 via checked.be.