TGW-VIODYSSEE: 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.
TGW-VIODYSSEE
Largest movements
- Stocks and contracts -€56,972
down €56,972 (-19.4%), from €293,657 to €236,685
- Receivables within one year -€15,298
down €15,298 (-12.4%), from €123,792 to €108,494
of which Trade receivables: -€15,296
- Tangible fixed assets -€9,926
down €9,926 (-5.4%), from €184,993 to €175,066
of which Land and buildings: -€11,845
- Profit (loss) carried forward -€55,588
down €55,588, from €6,804 to -€48,784
- Trade debts -€14,577
down €14,577 (-42.9%), from €34,018 to €19,441
- Other debts +€12,024
up €12,024 (+2.5%), from €474,151 to €486,174
- Current portion of long-term debt -€11,383
down €11,383 (-82.8%), from €13,741 to €2,358
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€60,391
down €60,391, from €20,976 to -€39,415
- Taxes -€927
no longer reported in 2025 (was €927)
- Financial charges -€633
down €633 (-29.0%), from €2,182 to €1,549
- Depreciation -€415
down €415 (-3.0%), from €13,712 to €13,298
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.
Derived cash bridge
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 | €604,543 | €522,066 | -€82,477 | -13.6% |
| Fixed assets | 21/28 | €184,993 | €175,066 | -€9,926 | -5.4% |
| Tangible fixed assets | 22/27 | €184,993 | €175,066 | -€9,926 | -5.4% |
| Land and buildings | 22 | €182,336 | €170,490 | -€11,845 | -6.5% |
| Plant, machinery and equipment | 23 | - | €2,236 | +€2,236 | |
| Furniture and vehicles | 24 | €2,657 | €2,340 | -€317 | -11.9% |
| Current assets | 29/58 | €419,550 | €347,000 | -€72,551 | -17.3% |
| Stocks and contracts in progress | 3 | €293,657 | €236,685 | -€56,972 | -19.4% |
| Stocks | 30/36 | €293,657 | €236,685 | -€56,972 | -19.4% |
| Amounts receivable within one year | 40/41 | €123,792 | €108,494 | -€15,298 | -12.4% |
| Trade receivables | 40 | €123,789 | €108,493 | -€15,296 | -12.4% |
| Other amounts receivable | 41 | €2 | €1 | -€1 | -59.8% |
| Cash at bank and in hand | 54/58 | €1,264 | €1,061 | -€203 | -16.0% |
| Deferred charges and accrued income | 490/1 | €838 | €760 | -€78 | -9.3% |
| Total equity and liabilities | 10/49 | €604,543 | €522,066 | -€82,477 | -13.6% |
| Equity | 10/15 | €66,804 | €11,216 | -€55,588 | -83.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,804 | -€48,784 | -€55,588 | |
| Amounts payable | 17/49 | €537,739 | €510,850 | -€26,889 | -5.0% |
| Amounts payable after more than one year | 17 | €2,358 | - | -€2,358 | |
| Financial debts | 170/4 | €2,358 | - | -€2,358 | |
| Amounts payable within one year | 42/48 | €525,382 | €510,850 | -€14,532 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €13,741 | €2,358 | -€11,383 | -82.8% |
| Trade debts | 44 | €34,018 | €19,441 | -€14,577 | -42.9% |
| Suppliers | 440/4 | €34,018 | €19,441 | -€14,577 | -42.9% |
| Taxes, remuneration and social security | 45 | €3,472 | €2,877 | -€595 | -17.1% |
| Taxes | 450/3 | €1,672 | €1,877 | +€205 | +12.3% |
| Remuneration and social security | 454/9 | €1,800 | €1,000 | -€800 | -44.4% |
| Other amounts payable | 47/48 | €474,151 | €486,174 | +€12,024 | +2.5% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,712 | €13,298 | -€415 | -3.0% |
| Other operating charges | 640/8 | €1,535 | €1,328 | -€206 | -13.4% |
| Gross operating margin | 9900 | €20,976 | -€39,415 | -€60,391 | |
| Operating profit (loss) | 9901 | €5,729 | -€54,041 | -€59,770 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -51.8% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -51.8% |
| Financial charges | 65/66B | €2,182 | €1,549 | -€633 | -29.0% |
| Recurring financial charges | 65 | €2,182 | €1,549 | -€633 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €3,551 | -€55,588 | -€59,138 | |
| Income taxes | 67/77 | €927 | - | -€927 | |
| Profit (loss) for the period | 9904 | €2,624 | -€55,588 | -€58,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,624 | -€55,588 | -€58,212 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.