TELEVIC EDUCATION: 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.
TELEVIC EDUCATION
Largest movements
- Receivables within one year -€2.5m
down €2.5m (-63.4%), from €4.0m to €1.4m
of which Trade receivables: -€2.4m
- Cash +€222,943
up €222,943 (+28.5%), from €781,351 to €1.0m
mainly Receivables within one year (+€2.5m) and Net result for the year (+€631,555)
- Other debts -€1.6m
down €1.6m (-93.3%), from €1.7m to €114,335
- Advances received -€1.2m
no longer reported in 2025 (was €1.2m)
- Reserves +€631,555
up €631,555 (+287.5%), from €219,646 to €851,200
of which Distributable reserves: +€631,555
- Trade debts -€333,644
down €333,644 (-53.7%), from €621,848 to €288,204
- Accrued charges and deferred income +€163,482
up €163,482 (+58.1%), from €281,440 to €444,922
- Staff costs +€219,105
up €219,105 (+11.1%), from €2.0m to €2.2m
- Taxes +€111,896
up €111,896, from -€22,429 to €89,467
- Provisions -€94,439
down €94,439, from €42,547 to -€51,892
- Gross operating margin -€38,000
down €38,000 (-1.2%), from €3.1m to €3.0m
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 | €5,106,099 | €2,779,322 | -€2.3m | -45.6% |
| Fixed assets | 21/28 | €363,479 | €326,923 | -€36,556 | -10.1% |
| Tangible fixed assets | 22/27 | €360,823 | €324,168 | -€36,655 | -10.2% |
| Furniture and vehicles | 24 | €360,823 | €324,168 | -€36,655 | -10.2% |
| Financial fixed assets | 28 | €2,656 | €2,755 | +€99 | +3.7% |
| Current assets | 29/58 | €4,742,620 | €2,452,399 | -€2.3m | -48.3% |
| Stocks and contracts in progress | 3 | €1,184 | - | -€1,184 | |
| Stocks | 30/36 | €1,184 | - | -€1,184 | |
| Amounts receivable within one year | 40/41 | €3,960,085 | €1,448,105 | -€2.5m | -63.4% |
| Trade receivables | 40 | €3,851,563 | €1,444,597 | -€2.4m | -62.5% |
| Other amounts receivable | 41 | €108,522 | €3,509 | -€105,013 | -96.8% |
| Cash at bank and in hand | 54/58 | €781,351 | €1,004,294 | +€222,943 | +28.5% |
| Total equity and liabilities | 10/49 | €5,106,099 | €2,779,322 | -€2.3m | -45.6% |
| Equity | 10/15 | €719,646 | €1,351,200 | +€631,555 | +87.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €219,646 | €851,200 | +€631,555 | +287.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €1,246 | €632,800 | +€631,555 | +50704.9% |
| Provisions and deferred taxes | 16 | €153,237 | €101,345 | -€51,892 | -33.9% |
| Provisions for liabilities and charges | 160/5 | €153,237 | €101,345 | -€51,892 | -33.9% |
| Environmental obligations | 163 | €153,237 | - | -€153,237 | |
| Other liabilities and charges | 164/5 | - | €101,345 | +€101,345 | |
| Amounts payable | 17/49 | €4,233,217 | €1,326,777 | -€2.9m | -68.7% |
| Amounts payable within one year | 42/48 | €3,951,776 | €881,855 | -€3.1m | -77.7% |
| Trade debts | 44 | €621,848 | €288,204 | -€333,644 | -53.7% |
| Suppliers | 440/4 | €621,848 | €288,204 | -€333,644 | -53.7% |
| Advances received on contracts in progress | 46 | €1,239,714 | - | -€1.2m | |
| Taxes, remuneration and social security | 45 | €388,889 | €479,315 | +€90,426 | +23.3% |
| Taxes | 450/3 | €80,286 | €154,357 | +€74,071 | +92.3% |
| Remuneration and social security | 454/9 | €308,603 | €324,958 | +€16,355 | +5.3% |
| Other amounts payable | 47/48 | €1,701,325 | €114,335 | -€1.6m | -93.3% |
| Accrued charges and deferred income | 492/3 | €281,440 | €444,922 | +€163,482 | +58.1% |
| Remuneration, social security and pensions | 62 | €1,969,715 | €2,188,820 | +€219,105 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,031 | €123,527 | +€18,496 | +17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,412 | +€22,412 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €42,547 | -€51,892 | -€94,439 | |
| Other operating charges | 640/8 | €14,250 | €9,006 | -€5,243 | -36.8% |
| Gross operating margin | 9900 | €3,062,963 | €3,024,962 | -€38,000 | -1.2% |
| Operating profit (loss) | 9901 | €931,420 | €733,088 | -€198,331 | -21.3% |
| Financial income | 75/76B | €28,410 | €6,640 | -€21,770 | -76.6% |
| Recurring financial income | 75 | €28,410 | €6,640 | -€21,770 | -76.6% |
| Financial charges | 65/66B | €8,452 | €18,707 | +€10,256 | +121.3% |
| Recurring financial charges | 65 | €8,452 | €18,707 | +€10,256 | +121.3% |
| Profit (loss) for the period before taxes | 9903 | €951,379 | €721,022 | -€230,357 | -24.2% |
| Income taxes | 67/77 | -€22,429 | €89,467 | +€111,896 | |
| Profit (loss) for the period | 9904 | €973,807 | €631,555 | -€342,253 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €973,807 | €631,555 | -€342,253 | -35.1% |
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 9 October 2026 via checked.be.