TAVC: what changed
Two fiscal 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.
TAVC
Largest movements
- Stocks and contracts +€19,337
up €19,337 (+280.0%), from €6,905 to €26,242
- Cash +€5,444
up €5,444 (+12.5%), from €43,481 to €48,925
mainly Net result for the year (+€23,628) and Tax, wage and social debts (+€6,356)
- Tangible fixed assets +€3,633
new in 2025: €3,633
of which Furniture and vehicles: +€1,891
- Receivables within one year +€3,434
up €3,434 (+78.4%), from €4,377 to €7,811
of which Trade receivables: +€2,648
- Reserves +€23,628
up €23,628 (+251.8%), from €9,382 to €33,010
- Tax, wage and social debts +€6,356
up €6,356 (+233.7%), from €2,720 to €9,077
- Accrued charges and deferred income +€1,139
up €1,139 (+58.9%), from €1,935 to €3,074
- Gross operating margin +€19,597
up €19,597 (+138.0%), from €14,201 to €33,798
- Taxes +€3,637
up €3,637 (+133.7%), from €2,720 to €6,357
- Other operating charges +€1,677
up €1,677 (+1916.7%), from €88 to €1,765
- Depreciation +€636
new in 2025: €636
- Financial charges -€456
down €456 (-22.7%), from €2,013 to €1,556
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.
Cash bridge derived
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 | €54,763 | €86,647 | +€31,884 | +58.2% |
| Fixed assets | 21/28 | - | €3,633 | +€3,633 | |
| Tangible fixed assets | 22/27 | - | €3,633 | +€3,633 | |
| Plant, machinery and equipment | 23 | - | €1,742 | +€1,742 | |
| Furniture and vehicles | 24 | - | €1,891 | +€1,891 | |
| Current assets | 29/58 | €54,763 | €83,014 | +€28,251 | +51.6% |
| Stocks and contracts in progress | 3 | €6,905 | €26,242 | +€19,337 | +280.0% |
| Stocks | 30/36 | €6,905 | €26,242 | +€19,337 | +280.0% |
| Amounts receivable within one year | 40/41 | €4,377 | €7,811 | +€3,434 | +78.4% |
| Trade receivables | 40 | €3,981 | €6,629 | +€2,648 | +66.5% |
| Other amounts receivable | 41 | €396 | €1,182 | +€786 | +198.7% |
| Cash at bank and in hand | 54/58 | €43,481 | €48,925 | +€5,444 | +12.5% |
| Deferred charges and accrued income | 490/1 | - | €37 | +€37 | |
| Total equity and liabilities | 10/49 | €54,763 | €86,647 | +€31,884 | +58.2% |
| Equity | 10/15 | €29,382 | €53,010 | +€23,628 | +80.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,382 | €33,010 | +€23,628 | +251.8% |
| Distributable reserves | 133 | €9,382 | €33,010 | +€23,628 | +251.8% |
| Amounts payable | 17/49 | €25,381 | €33,638 | +€8,256 | +32.5% |
| Amounts payable within one year | 42/48 | €23,447 | €30,564 | +€7,117 | +30.4% |
| Trade debts | 44 | €319 | €1,109 | +€790 | +247.5% |
| Suppliers | 440/4 | €319 | €1,109 | +€790 | +247.5% |
| Taxes, remuneration and social security | 45 | €2,720 | €9,077 | +€6,356 | +233.7% |
| Taxes | 450/3 | €2,720 | €9,077 | +€6,356 | +233.7% |
| Other amounts payable | 47/48 | €20,407 | €20,379 | -€29 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,935 | €3,074 | +€1,139 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €636 | +€636 | |
| Other operating charges | 640/8 | €88 | €1,765 | +€1,677 | +1916.7% |
| Gross operating margin | 9900 | €14,201 | €33,798 | +€19,597 | +138.0% |
| Operating profit (loss) | 9901 | €14,113 | €31,397 | +€17,284 | +122.5% |
| Financial income | 75/76B | €1 | €144 | +€143 | +12300.0% |
| Recurring financial income | 75 | €1 | €144 | +€143 | +12300.0% |
| Financial charges | 65/66B | €2,013 | €1,556 | -€456 | -22.7% |
| Recurring financial charges | 65 | €2,013 | €1,556 | -€456 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €12,102 | €29,985 | +€17,883 | +147.8% |
| Income taxes | 67/77 | €2,720 | €6,357 | +€3,637 | +133.7% |
| Profit (loss) for the period | 9904 | €9,382 | €23,628 | +€14,246 | +151.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,382 | €23,628 | +€14,246 | +151.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.