T.V.S. ELECTRO: 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.S. ELECTRO
Largest movements
- Current investments +€289,630
up €289,630 (+231%), from €125,418 to €415,048
- Receivables within one year -€85,707
down €85,707 (-91.4%), from €93,808 to €8,101
of which Trade receivables: -€78,974
- Cash -€62,325
down €62,325 (-89.8%), from €69,386 to €7,061
mainly Current investments (-€289,630) and Other debts (-€27,246)
- Deferred charges and accrued income -€17,098
down €17,098 (-99.5%), from €17,180 to €82
- Tangible fixed assets -€16,257
down €16,257 (-34.9%), from €46,585 to €30,328
of which Furniture and vehicles: -€15,857
- Reserves +€136,112
up €136,112 (+64.9%), from €209,809 to €345,921
- Other debts -€27,246
down €27,246 (-30.5%), from €89,188 to €61,942
- Trade debts -€10,005
down €10,005 (-38.3%), from €26,120 to €16,115
- Purchases and services -€209,592
down €209,592 (-43.9%), from €476,944 to €267,352
- Gross operating margin +€140,545
up €140,545 (+109%), from €129,144 to €269,689
- Turnover -€69,047
down €69,047 (-11.4%), from €605,820 to €536,773
- Taxes +€55,321
up €55,321 (+495%), from €11,166 to €66,487
- Staff costs -€21,586
down €21,586 (-32.7%), from €66,095 to €44,509
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 | €360,118 | €461,596 | +€101,478 | +28.2% |
| Fixed assets | 21/28 | €47,206 | €30,949 | -€16,257 | -34.4% |
| Tangible fixed assets | 22/27 | €46,585 | €30,328 | -€16,257 | -34.9% |
| Land and buildings | 22 | €132 | - | -€132 | |
| Plant, machinery and equipment | 23 | €897 | €629 | -€268 | -29.9% |
| Furniture and vehicles | 24 | €45,556 | €29,699 | -€15,857 | -34.8% |
| Financial fixed assets | 28 | €621 | €621 | = | 0.0% |
| Current assets | 29/58 | €312,912 | €430,647 | +€117,735 | +37.6% |
| Stocks and contracts in progress | 3 | €7,120 | €355 | -€6,765 | -95.0% |
| Stocks | 30/36 | €7,120 | €355 | -€6,765 | -95.0% |
| Amounts receivable within one year | 40/41 | €93,808 | €8,101 | -€85,707 | -91.4% |
| Trade receivables | 40 | €78,974 | - | -€78,974 | |
| Other amounts receivable | 41 | €14,834 | €8,101 | -€6,733 | -45.4% |
| Current investments | 50/53 | €125,418 | €415,048 | +€289,630 | +231% |
| Cash at bank and in hand | 54/58 | €69,386 | €7,061 | -€62,325 | -89.8% |
| Deferred charges and accrued income | 490/1 | €17,180 | €82 | -€17,098 | -99.5% |
| Total equity and liabilities | 10/49 | €360,118 | €461,596 | +€101,478 | +28.2% |
| Equity | 10/15 | €228,409 | €364,521 | +€136,112 | +59.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,809 | €345,921 | +€136,112 | +64.9% |
| Distributable reserves | 133 | €209,809 | €345,921 | +€136,112 | +64.9% |
| Amounts payable | 17/49 | €131,709 | €97,075 | -€34,634 | -26.3% |
| Amounts payable within one year | 42/48 | €131,709 | €97,075 | -€34,634 | -26.3% |
| Trade debts | 44 | €26,120 | €16,115 | -€10,005 | -38.3% |
| Suppliers | 440/4 | €26,120 | €16,115 | -€10,005 | -38.3% |
| Taxes, remuneration and social security | 45 | €16,401 | €19,018 | +€2,617 | +16.0% |
| Taxes | 450/3 | €15,113 | €19,018 | +€3,905 | +25.8% |
| Remuneration and social security | 454/9 | €1,288 | - | -€1,288 | |
| Other amounts payable | 47/48 | €89,188 | €61,942 | -€27,246 | -30.5% |
| Turnover | 70 | €605,820 | €536,773 | -€69,047 | -11.4% |
| Non-recurring operating income | 76A | €268 | €268 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €476,944 | €267,352 | -€209,592 | -43.9% |
| Remuneration, social security and pensions | 62 | €66,095 | €44,509 | -€21,586 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,373 | €16,257 | -€116 | -0.7% |
| Other operating charges | 640/8 | €762 | €660 | -€102 | -13.4% |
| Non-recurring operating charges | 66A | €626 | €243 | -€383 | -61.2% |
| Gross operating margin | 9900 | €129,144 | €269,689 | +€140,545 | +109% |
| Operating profit (loss) | 9901 | €45,288 | €208,020 | +€162,732 | +359% |
| Financial income | 75/76B | €259 | €900 | +€641 | +247% |
| Recurring financial income | 75 | €259 | €900 | +€641 | +247% |
| Financial charges | 65/66B | €7,763 | €5,488 | -€2,275 | -29.3% |
| Recurring financial charges | 65 | €7,763 | €5,488 | -€2,275 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €37,784 | €203,432 | +€165,648 | +438% |
| Income taxes | 67/77 | €11,166 | €66,487 | +€55,321 | +495% |
| Profit (loss) for the period | 9904 | €26,618 | €136,945 | +€110,327 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €26,618 | €136,945 | +€110,327 | +414% |
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 31 October 2026 via checked.be.