TIELEVISIE: 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.
TIELEVISIE
Largest movements
- Tangible fixed assets +€93,990
up €93,990 (+121.1%), from €77,600 to €171,590
of which Furniture and vehicles: +€61,727
- Cash -€78,631
down €78,631 (-73.1%), from €107,604 to €28,973
mainly Investment in fixed assets (net) (-€134,692) and Contributions, distributions and other (-€20,398)
- Receivables within one year +€18,097
up €18,097 (+78.6%), from €23,010 to €41,107
of which Trade receivables: +€10,503
- Debts after one year +€38,232
new in 2025: €38,232
- Other debts -€11,497
down €11,497 (-38.9%), from €29,560 to €18,063
- Current portion of long-term debt +€9,029
new in 2025: €9,029
- Tax, wage and social debts -€6,420
down €6,420 (-65.9%), from €9,741 to €3,321
- Gross operating margin +€19,342
up €19,342 (+32.4%), from €59,781 to €79,123
- Other operating charges +€8,264
up €8,264 (+694.5%), from €1,190 to €9,454
- Depreciation +€5,872
up €5,872 (+16.9%), from €34,830 to €40,702
- Financial charges -€2,237
down €2,237 (-83.6%), from €2,676 to €439
- Taxes +€1,844
up €1,844 (+32.4%), from €5,697 to €7,541
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 | €212,622 | €244,776 | +€32,154 | +15.1% |
| Fixed assets | 21/28 | €78,600 | €172,590 | +€93,990 | +119.6% |
| Tangible fixed assets | 22/27 | €77,600 | €171,590 | +€93,990 | +121.1% |
| Plant, machinery and equipment | 23 | €73,493 | €105,964 | +€32,471 | +44.2% |
| Furniture and vehicles | 24 | €3,162 | €64,890 | +€61,727 | +1951.9% |
| Other tangible fixed assets | 26 | €944 | €736 | -€208 | -22.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €134,022 | €72,186 | -€61,836 | -46.1% |
| Amounts receivable within one year | 40/41 | €23,010 | €41,107 | +€18,097 | +78.6% |
| Trade receivables | 40 | €23,010 | €33,513 | +€10,503 | +45.6% |
| Other amounts receivable | 41 | - | €7,594 | +€7,594 | |
| Cash at bank and in hand | 54/58 | €107,604 | €28,973 | -€78,631 | -73.1% |
| Deferred charges and accrued income | 490/1 | €3,408 | €2,107 | -€1,301 | -38.2% |
| Total equity and liabilities | 10/49 | €212,622 | €244,776 | +€32,154 | +15.1% |
| Equity | 10/15 | €170,832 | €171,462 | +€630 | +0.4% |
| Contributions | 10/11 | €6,219 | €6,219 | = | 0.0% |
| Reserves | 13 | €164,613 | €165,243 | +€630 | +0.4% |
| Distributable reserves | 133 | €164,613 | €165,243 | +€630 | +0.4% |
| Amounts payable | 17/49 | €41,790 | €73,315 | +€31,524 | +75.4% |
| Amounts payable after more than one year | 17 | - | €38,232 | +€38,232 | |
| Financial debts | 170/4 | - | €38,232 | +€38,232 | |
| Amounts payable within one year | 42/48 | €41,790 | €35,083 | -€6,707 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,029 | +€9,029 | |
| Trade debts | 44 | €2,489 | €4,670 | +€2,182 | +87.7% |
| Suppliers | 440/4 | €2,489 | €4,670 | +€2,182 | +87.7% |
| Taxes, remuneration and social security | 45 | €9,741 | €3,321 | -€6,420 | -65.9% |
| Taxes | 450/3 | €9,741 | €3,321 | -€6,420 | -65.9% |
| Other amounts payable | 47/48 | €29,560 | €18,063 | -€11,497 | -38.9% |
| Non-recurring operating income | 76A | - | €671 | +€671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,830 | €40,702 | +€5,872 | +16.9% |
| Other operating charges | 640/8 | €1,190 | €9,454 | +€8,264 | +694.5% |
| Gross operating margin | 9900 | €59,781 | €79,123 | +€19,342 | +32.4% |
| Operating profit (loss) | 9901 | €23,761 | €28,967 | +€5,205 | +21.9% |
| Financial income | 75/76B | €40 | €41 | +€0 | +1.1% |
| Recurring financial income | 75 | €40 | €41 | +€0 | +1.1% |
| Financial charges | 65/66B | €2,676 | €439 | -€2,237 | -83.6% |
| Recurring financial charges | 65 | €2,676 | €439 | -€2,237 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €21,125 | €28,568 | +€7,443 | +35.2% |
| Income taxes | 67/77 | €5,697 | €7,541 | +€1,844 | +32.4% |
| Profit (loss) for the period | 9904 | €15,428 | €21,027 | +€5,599 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,428 | €21,027 | +€5,599 | +36.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.