TGV Verbouwingen: what changed
TGV Verbouwingen
Largest movements
- Cash -€7,886
down €7,886 (-64.5%), from €12,223 to €4,337
mainly Net result for the year (-€6,453) and Debts after one year (-€4,714)
- Tangible fixed assets -€5,083
down €5,083 (-26.0%), from €19,560 to €14,477
of which Furniture and vehicles: -€4,266
- Receivables within one year +€2,561
up €2,561 (+66.6%), from €3,842 to €6,403
of which Other amounts receivable: +€2,966
- Deferred charges and accrued income -€662
down €662 (-33.7%), from €1,967 to €1,305
- Profit (loss) carried forward -€6,062
new in 2025: -€6,062
- Debts after one year -€4,714
down €4,714 (-30.8%), from €15,321 to €10,607
- Reserves -€390
down €390 (-2.4%), from €16,390 to €16,000
- Gross operating margin -€30,122
down €30,122 (-98.0%), from €30,746 to €624
- Taxes -€5,985
no longer reported in 2025 (was €5,985)
- Other operating charges -€2,232
down €2,232 (-67.3%), from €3,318 to €1,086
- Depreciation +€523
up €523 (+11.5%), from €4,560 to €5,083
- Financial charges +€397
up €397 (+77.8%), from €510 to €908
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,592 | €26,522 | -€11,070 | -29.4% |
| Fixed assets | 21/28 | €19,560 | €14,477 | -€5,083 | -26.0% |
| Tangible fixed assets | 22/27 | €19,560 | €14,477 | -€5,083 | -26.0% |
| Plant, machinery and equipment | 23 | €1,492 | €676 | -€817 | -54.7% |
| Furniture and vehicles | 24 | €18,067 | €13,801 | -€4,266 | -23.6% |
| Current assets | 29/58 | €18,032 | €12,045 | -€5,987 | -33.2% |
| Amounts receivable within one year | 40/41 | €3,842 | €6,403 | +€2,561 | +66.6% |
| Trade receivables | 40 | €405 | - | -€405 | |
| Other amounts receivable | 41 | €3,437 | €6,403 | +€2,966 | +86.3% |
| Cash at bank and in hand | 54/58 | €12,223 | €4,337 | -€7,886 | -64.5% |
| Deferred charges and accrued income | 490/1 | €1,967 | €1,305 | -€662 | -33.7% |
| Total equity and liabilities | 10/49 | €37,592 | €26,522 | -€11,070 | -29.4% |
| Equity | 10/15 | €17,390 | €10,938 | -€6,453 | -37.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,390 | €16,000 | -€390 | -2.4% |
| Distributable reserves | 133 | €16,390 | €16,000 | -€390 | -2.4% |
| Profit (loss) carried forward | 14 | - | -€6,062 | -€6,062 | |
| Amounts payable | 17/49 | €20,201 | €15,584 | -€4,617 | -22.9% |
| Amounts payable after more than one year | 17 | €15,321 | €10,607 | -€4,714 | -30.8% |
| Financial debts | 170/4 | €15,321 | €10,607 | -€4,714 | -30.8% |
| Amounts payable within one year | 42/48 | €4,714 | €4,978 | +€264 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €4,714 | €4,714 | = | 0.0% |
| Trade debts | 44 | - | €264 | +€264 | |
| Suppliers | 440/4 | - | €264 | +€264 | |
| Accrued charges and deferred income | 492/3 | €167 | - | -€167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €5,083 | +€523 | +11.5% |
| Other operating charges | 640/8 | €3,318 | €1,086 | -€2,232 | -67.3% |
| Gross operating margin | 9900 | €30,746 | €624 | -€30,122 | -98.0% |
| Operating profit (loss) | 9901 | €22,868 | -€5,545 | -€28,413 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €510 | €908 | +€397 | +77.8% |
| Recurring financial charges | 65 | €510 | €908 | +€397 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €22,376 | -€6,453 | -€28,829 | |
| Income taxes | 67/77 | €5,985 | - | -€5,985 | |
| Profit (loss) for the period | 9904 | €16,390 | -€6,453 | -€22,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,390 | -€6,453 | -€22,843 |
Next steps
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.