TIVOLI.TV: what changed
What changed
TIVOLI.TV
NACE 59.113, Video and film production, excluding cinema and television films
filed annual accounts (NBB)
Net result for the year
€97,960
2024 · €74,159+€23,801
Equity
€208,744
2024 · €110,783+€97,960
Cash
€767,526
2024 · €504,592+€262,934
Balance sheet total
€1.3m
2024 · €2.2m-€937,911
Largest movements
Assets
- Deferred charges and accrued income -€1.4m
down €1.4m (-99.9%), from €1.4m to €1,308
- Cash +€262,934
up €262,934 (+52.1%), from €504,592 to €767,526
mainly Deferred charges and accrued income (+€1.4m) and Net result for the year (+€97,960)
- Receivables within one year +€197,615
up €197,615 (+61.3%), from €322,434 to €520,050
of which Trade receivables: +€254,822
Equity and liabilities
- Accrued charges and deferred income -€790,600
down €790,600 (-99.9%), from €791,475 to €875
- Trade debts -€192,002
down €192,002 (-16.1%), from €1.2m to €999,014
- Profit (loss) carried forward +€97,960
up €97,960 (+249%), from €39,283 to €137,244
- Other debts -€51,836
down €51,836 (-99.7%), from €51,996 to €160
Income statement
- Gross operating margin +€34,463
up €34,463 (+26.1%), from €132,110 to €166,573
- Depreciation +€6,079
up €6,079 (+25.0%), from €24,276 to €30,355
- Taxes +€5,320
up €5,320 (+18.4%), from €28,936 to €34,257
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.
Result 2024
€74,159
Gross operating margin
+€34,463
Staff costs
-€142
Depreciation
-€6,079
Other operating charges
-€175
Financial income
+€244
Financial charges
+€810
Taxes
-€5,320
Result 2025
€97,960
raises the resultlowers the result
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.
From operations
+€277,170
Investment
-€17,022
Financing
+€2,785
Cash 2024
€504,592
From operations (derived)
+€277,170
Net result for the year
+€97,960
Depreciation
+€30,355
Receivables within one year
-€197,615
Deferred charges and accrued income
+€1.4m
Trade debts
-€192,002
Tax, wage and social debts
-€4,218
Other debts
-€51,836
Accrued charges and deferred income
-€790,600
Investment (derived)
-€17,022
Investment in fixed assets (net)
-€12,022
Current investments
-€5,000
Financing
+€2,785
Short-term financial debts
+€2,785
Cash 2025
€767,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,249,488 | €1,311,577 | -€937,911 | -41.7% |
| Fixed assets | 21/28 | €36,026 | €17,694 | -€18,333 | -50.9% |
| Tangible fixed assets | 22/27 | €36,026 | €17,694 | -€18,333 | -50.9% |
| Plant, machinery and equipment | 23 | €32,520 | €13,718 | -€18,801 | -57.8% |
| Furniture and vehicles | 24 | €3,507 | €3,975 | +€468 | +13.4% |
| Current assets | 29/58 | €2,213,462 | €1,293,883 | -€919,578 | -41.5% |
| Amounts receivable within one year | 40/41 | €322,434 | €520,050 | +€197,615 | +61.3% |
| Trade receivables | 40 | €144,535 | €399,357 | +€254,822 | +176% |
| Other amounts receivable | 41 | €177,900 | €120,693 | -€57,207 | -32.2% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €504,592 | €767,526 | +€262,934 | +52.1% |
| Deferred charges and accrued income | 490/1 | €1,386,435 | €1,308 | -€1.4m | -99.9% |
| Total equity and liabilities | 10/49 | €2,249,488 | €1,311,577 | -€937,911 | -41.7% |
| Equity | 10/15 | €110,783 | €208,744 | +€97,960 | +88.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,283 | €137,244 | +€97,960 | +249% |
| Amounts payable | 17/49 | €2,138,705 | €1,102,833 | -€1.0m | -48.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,247,230 | €1,001,958 | -€245,271 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €2,785 | +€2,785 | |
| Credit institutions | 430/8 | - | €2,785 | +€2,785 | |
| Trade debts | 44 | €1,191,015 | €999,014 | -€192,002 | -16.1% |
| Suppliers | 440/4 | €1,191,015 | €999,014 | -€192,002 | -16.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,218 | €0 | -€4,218 | -100% |
| Taxes | 450/3 | €4,218 | €0 | -€4,218 | -100% |
| Other amounts payable | 47/48 | €51,996 | €160 | -€51,836 | -99.7% |
| Accrued charges and deferred income | 492/3 | €791,475 | €875 | -€790,600 | -99.9% |
| Remuneration, social security and pensions | 62 | - | €142 | +€142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,276 | €30,355 | +€6,079 | +25.0% |
| Other operating charges | 640/8 | €1,610 | €1,785 | +€175 | +10.8% |
| Gross operating margin | 9900 | €132,110 | €166,573 | +€34,463 | +26.1% |
| Operating profit (loss) | 9901 | €106,225 | €134,292 | +€28,068 | +26.4% |
| Financial income | 75/76B | €0 | €244 | +€244 | +812,400% |
| Recurring financial income | 75 | €0 | €244 | +€244 | +812,400% |
| Financial charges | 65/66B | €3,129 | €2,319 | -€810 | -25.9% |
| Recurring financial charges | 65 | €3,129 | €2,319 | -€810 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €103,096 | €132,217 | +€29,121 | +28.2% |
| Income taxes | 67/77 | €28,936 | €34,257 | +€5,320 | +18.4% |
| Profit (loss) for the period | 9904 | €74,159 | €97,960 | +€23,801 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,159 | €97,960 | +€23,801 | +32.1% |
Next steps
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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 3 November 2026 via checked.be.