TCVE: 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.
TCVE
Largest movements
- Tangible fixed assets -€36,138
down €36,138 (-7.6%), from €475,240 to €439,102
of which Plant, machinery and equipment: -€23,453
- Receivables within one year +€17,463
up €17,463 (+218.5%), from €7,994 to €25,457
of which Trade receivables: +€18,052
- Debts after one year -€42,920
down €42,920 (-13.7%), from €313,523 to €270,603
- Other debts +€24,317
up €24,317 (+7.6%), from €320,172 to €344,488
- Gross operating margin +€8,623
up €8,623 (+20.6%), from €41,775 to €50,398
- Depreciation -€3,620
down €3,620 (-9.1%), from €39,758 to €36,138
- Other operating charges +€2,976
up €2,976 (+158.9%), from €1,873 to €4,850
- Financial charges -€1,241
down €1,241 (-15.7%), from €7,881 to €6,640
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 | €484,497 | €466,897 | -€17,600 | -3.6% |
| Fixed assets | 21/28 | €475,240 | €439,102 | -€36,138 | -7.6% |
| Tangible fixed assets | 22/27 | €475,240 | €439,102 | -€36,138 | -7.6% |
| Land and buildings | 22 | €274,963 | €262,609 | -€12,354 | -4.5% |
| Plant, machinery and equipment | 23 | €199,532 | €176,079 | -€23,453 | -11.8% |
| Furniture and vehicles | 24 | €745 | €414 | -€331 | -44.4% |
| Current assets | 29/58 | €9,256 | €27,794 | +€18,538 | +200.3% |
| Amounts receivable within one year | 40/41 | €7,994 | €25,457 | +€17,463 | +218.5% |
| Trade receivables | 40 | €6,158 | €24,210 | +€18,052 | +293.1% |
| Other amounts receivable | 41 | €1,836 | €1,247 | -€589 | -32.1% |
| Cash at bank and in hand | 54/58 | €1,263 | €2,338 | +€1,075 | +85.1% |
| Total equity and liabilities | 10/49 | €484,497 | €466,897 | -€17,600 | -3.6% |
| Equity | 10/15 | -€195,470 | -€192,781 | +€2,689 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,070 | -€211,381 | +€2,689 | +1.3% |
| Amounts payable | 17/49 | €679,967 | €659,677 | -€20,289 | -3.0% |
| Amounts payable after more than one year | 17 | €313,523 | €270,603 | -€42,920 | -13.7% |
| Financial debts | 170/4 | €313,523 | €270,603 | -€42,920 | -13.7% |
| Amounts payable within one year | 42/48 | €366,443 | €387,996 | +€21,553 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €42,145 | €42,920 | +€776 | +1.8% |
| Trade debts | 44 | €3,930 | €506 | -€3,425 | -87.1% |
| Suppliers | 440/4 | €3,930 | €506 | -€3,425 | -87.1% |
| Taxes, remuneration and social security | 45 | €196 | €81 | -€115 | -58.6% |
| Taxes | 450/3 | - | €81 | +€81 | |
| Remuneration and social security | 454/9 | €196 | - | -€196 | |
| Other amounts payable | 47/48 | €320,172 | €344,488 | +€24,317 | +7.6% |
| Accrued charges and deferred income | 492/3 | - | €1,078 | +€1,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,758 | €36,138 | -€3,620 | -9.1% |
| Other operating charges | 640/8 | €1,873 | €4,850 | +€2,976 | +158.9% |
| Gross operating margin | 9900 | €41,775 | €50,398 | +€8,623 | +20.6% |
| Operating profit (loss) | 9901 | €144 | €9,410 | +€9,267 | +6452.6% |
| Financial charges | 65/66B | €7,881 | €6,640 | -€1,241 | -15.7% |
| Recurring financial charges | 65 | €7,881 | €6,640 | -€1,241 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,737 | €2,770 | +€10,508 | |
| Income taxes | 67/77 | €196 | €81 | -€115 | -58.6% |
| Profit (loss) for the period | 9904 | -€7,934 | €2,689 | +€10,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,934 | €2,689 | +€10,623 |
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 2 October 2026 via checked.be.