T.V.W.: what changed
What changed
T.V.W.
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€27,999
2024 · €32,963-€4,964
Equity
€319,917
2024 · €326,918-€7,001
Cash
€40,402
2024 · €44,065-€3,663
Balance sheet total
€373,995
2024 · €407,543-€33,549
Largest movements
Assets
- Receivables within one year -€28,614
down €28,614 (-8.8%), from €324,657 to €296,043
of which Other amounts receivable: -€30,892
Equity and liabilities
- Other debts -€15,000
down €15,000 (-30.0%), from €50,000 to €35,000
- Trade debts -€7,903
down €7,903 (-93.5%), from €8,457 to €553
- Reserves -€7,001
down €7,001 (-2.1%), from €325,963 to €318,962
Income statement
- Gross operating margin -€7,668
down €7,668 (-18.4%), from €41,734 to €34,066
- Financial income -€5,168
down €5,168 (-23.4%), from €22,082 to €16,913
- Taxes -€3,287
down €3,287 (-22.9%), from €14,377 to €11,090
- Depreciation +€998
up €998 (+17.5%), from €5,714 to €6,713
- Financial charges +€899
up €899 (+46.9%), from €1,917 to €2,817
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,963
Gross operating margin
-€7,668
Depreciation
-€998
Other operating charges
-€411
Other operating items
+€6,894
Financial income
-€5,168
Financial charges
-€899
Taxes
+€3,287
Result 2025
€27,999
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,501
Investment
-€5,144
Financing
-€35,020
Cash 2024
€44,065
From operations (derived)
+€36,501
Net result for the year
+€27,999
Depreciation
+€6,713
Receivables within one year
+€28,614
Deferred charges and accrued income
-€297
Trade debts
-€7,903
Tax, wage and social debts
-€3,624
Other debts
-€15,000
Investment (derived)
-€5,144
Investment in fixed assets (net)
-€5,144
Financing
-€35,020
Short-term financial debts
-€20
Contributions, distributions and other
-€35,000
Cash 2025
€40,402
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,543 | €373,995 | -€33,549 | -8.2% |
| Fixed assets | 21/28 | €38,458 | €36,888 | -€1,569 | -4.1% |
| Tangible fixed assets | 22/27 | €38,439 | €36,870 | -€1,569 | -4.1% |
| Land and buildings | 22 | €38,439 | €35,223 | -€3,216 | -8.4% |
| Plant, machinery and equipment | 23 | - | €1,647 | +€1,647 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €369,086 | €337,106 | -€31,979 | -8.7% |
| Amounts receivable within one year | 40/41 | €324,657 | €296,043 | -€28,614 | -8.8% |
| Trade receivables | 40 | €7,704 | €9,983 | +€2,278 | +29.6% |
| Other amounts receivable | 41 | €316,953 | €286,061 | -€30,892 | -9.7% |
| Cash at bank and in hand | 54/58 | €44,065 | €40,402 | -€3,663 | -8.3% |
| Deferred charges and accrued income | 490/1 | €364 | €661 | +€297 | +81.6% |
| Total equity and liabilities | 10/49 | €407,543 | €373,995 | -€33,549 | -8.2% |
| Equity | 10/15 | €326,918 | €319,917 | -€7,001 | -2.1% |
| Reserves | 13 | €325,963 | €318,962 | -€7,001 | -2.1% |
| Distributable reserves | 133 | €325,963 | €318,962 | -€7,001 | -2.1% |
| Profit (loss) carried forward | 14 | €955 | €955 | = | 0.0% |
| Amounts payable | 17/49 | €80,625 | €54,078 | -€26,547 | -32.9% |
| Amounts payable within one year | 42/48 | €80,625 | €54,078 | -€26,547 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €7,078 | €7,057 | -€20 | -0.3% |
| Credit institutions | 430/8 | €7,078 | €7,057 | -€20 | -0.3% |
| Trade debts | 44 | €8,457 | €553 | -€7,903 | -93.5% |
| Suppliers | 440/4 | €8,457 | €553 | -€7,903 | -93.5% |
| Taxes, remuneration and social security | 45 | €15,091 | €11,467 | -€3,624 | -24.0% |
| Taxes | 450/3 | €12,563 | €11,467 | -€1,096 | -8.7% |
| Remuneration and social security | 454/9 | €2,528 | €0 | -€2,528 | -100% |
| Other amounts payable | 47/48 | €50,000 | €35,000 | -€15,000 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,714 | €6,713 | +€998 | +17.5% |
| Other operating charges | 640/8 | €1,950 | €2,361 | +€411 | +21.1% |
| Non-recurring operating charges | 66A | €6,894 | €0 | -€6,894 | -100% |
| Gross operating margin | 9900 | €41,734 | €34,066 | -€7,668 | -18.4% |
| Operating profit (loss) | 9901 | €27,176 | €24,993 | -€2,183 | -8.0% |
| Financial income | 75/76B | €22,082 | €16,913 | -€5,168 | -23.4% |
| Recurring financial income | 75 | €22,082 | €16,913 | -€5,168 | -23.4% |
| Financial charges | 65/66B | €1,917 | €2,817 | +€899 | +46.9% |
| Recurring financial charges | 65 | €1,917 | €2,817 | +€899 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €47,340 | €39,089 | -€8,251 | -17.4% |
| Income taxes | 67/77 | €14,377 | €11,090 | -€3,287 | -22.9% |
| Profit (loss) for the period | 9904 | €32,963 | €27,999 | -€4,964 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,963 | €27,999 | -€4,964 | -15.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.