TCV SERVICES: 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.
TCV SERVICES
Largest movements
- Cash -€165,664
down €165,664 (-88.5%), from €187,095 to €21,431
mainly Receivables within one year (-€150,704) and Contributions, distributions and other (-€42,800)
- Receivables within one year +€150,704
up €150,704 (+314.4%), from €47,926 to €198,630
of which Other amounts receivable: +€190,987
- Tangible fixed assets -€8,050
down €8,050 (-89.4%), from €9,004 to €954
of which Furniture and vehicles: -€7,675
- Other debts +€27,255
up €27,255 (+1349.9%), from €2,019 to €29,274
- Tax, wage and social debts -€24,927
down €24,927 (-97.7%), from €25,520 to €593
of which Taxes: -€22,150
- Reserves -€16,500
down €16,500 (-6.4%), from €259,320 to €242,820
- Current portion of long-term debt -€7,625
down €7,625 (-83.2%), from €9,160 to €1,535
- Gross operating margin -€61,010
down €61,010, from €44,096 to -€16,914
- Financial income -€23,833
down €23,833 (-30.8%), from €77,500 to €53,667
- Taxes -€17,357
no longer reported in 2024 (was €17,357)
- Other operating charges +€1,163
up €1,163 (+225.8%), from €515 to €1,678
- Financial charges +€459
up €459 (+173.1%), from €265 to €725
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,260 | €277,147 | -€23,113 | -7.7% |
| Fixed assets | 21/28 | €11,004 | €2,954 | -€8,050 | -73.2% |
| Tangible fixed assets | 22/27 | €9,004 | €954 | -€8,050 | -89.4% |
| Plant, machinery and equipment | 23 | €470 | €94 | -€376 | -80.0% |
| Furniture and vehicles | 24 | €8,534 | €860 | -€7,675 | -89.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €289,256 | €274,193 | -€15,063 | -5.2% |
| Amounts receivable within one year | 40/41 | €47,926 | €198,630 | +€150,704 | +314.4% |
| Trade receivables | 40 | €40,283 | - | -€40,283 | |
| Other amounts receivable | 41 | €7,643 | €198,630 | +€190,987 | +2498.9% |
| Current investments | 50/53 | €54,133 | €54,133 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €187,095 | €21,431 | -€165,664 | -88.5% |
| Deferred charges and accrued income | 490/1 | €102 | - | -€102 | |
| Total equity and liabilities | 10/49 | €300,260 | €277,147 | -€23,113 | -7.7% |
| Equity | 10/15 | €261,320 | €244,820 | -€16,500 | -6.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €259,320 | €242,820 | -€16,500 | -6.4% |
| Distributable reserves | 133 | €259,320 | €242,820 | -€16,500 | -6.4% |
| Amounts payable | 17/49 | €38,939 | €32,326 | -€6,613 | -17.0% |
| Amounts payable after more than one year | 17 | €1,535 | - | -€1,535 | |
| Financial debts | 170/4 | €1,535 | - | -€1,535 | |
| Amounts payable within one year | 42/48 | €37,404 | €32,326 | -€5,078 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €9,160 | €1,535 | -€7,625 | -83.2% |
| Trade debts | 44 | €706 | €925 | +€219 | +31.0% |
| Suppliers | 440/4 | €706 | €925 | +€219 | +31.0% |
| Taxes, remuneration and social security | 45 | €25,520 | €593 | -€24,927 | -97.7% |
| Taxes | 450/3 | €22,150 | - | -€22,150 | |
| Remuneration and social security | 454/9 | €3,370 | €593 | -€2,777 | -82.4% |
| Other amounts payable | 47/48 | €2,019 | €29,274 | +€27,255 | +1349.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,050 | €8,050 | +€0 | 0.0% |
| Other operating charges | 640/8 | €515 | €1,678 | +€1,163 | +225.8% |
| Gross operating margin | 9900 | €44,096 | -€16,914 | -€61,010 | |
| Operating profit (loss) | 9901 | €35,531 | -€26,642 | -€62,173 | |
| Financial income | 75/76B | €77,500 | €53,667 | -€23,833 | -30.8% |
| Recurring financial income | 75 | €77,500 | €53,667 | -€23,833 | -30.8% |
| Financial charges | 65/66B | €265 | €725 | +€459 | +173.1% |
| Recurring financial charges | 65 | €265 | €725 | +€459 | +173.1% |
| Profit (loss) for the period before taxes | 9903 | €112,766 | €26,300 | -€86,465 | -76.7% |
| Income taxes | 67/77 | €17,357 | - | -€17,357 | |
| Profit (loss) for the period | 9904 | €95,409 | €26,300 | -€69,108 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,409 | €26,300 | -€69,108 | -72.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.