TMVH: what changed
Two fiscal 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.
TMVH
Largest movements
- Cash -€9,688
down €9,688 (-94.8%), from €10,223 to €534
mainly Other debts (-€23,866) and Receivables within one year (-€2,649)
- Receivables within one year +€2,649
up €2,649 (+357.0%), from €742 to €3,392
of which Trade receivables: +€2,627
- Tangible fixed assets -€1,969
down €1,969 (-35.7%), from €5,517 to €3,548
of which Furniture and vehicles: -€1,846
- Deferred charges and accrued income -€855
down €855 (-57.1%), from €1,498 to €643
- Other debts -€23,866
down €23,866 (-59.3%), from €40,242 to €16,376
- Profit (loss) carried forward +€14,116
up €14,116 (+31.7%), from -€44,583 to -€30,467
- Tax, wage and social debts -€670
down €670 (-23.7%), from €2,823 to €2,152
- Trade debts +€556
up €556 (+53.6%), from €1,039 to €1,595
- Gross operating margin -€7,986
down €7,986 (-31.1%), from €25,720 to €17,734
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 | €17,980 | €8,116 | -€9,863 | -54.9% |
| Fixed assets | 21/28 | €5,517 | €3,548 | -€1,969 | -35.7% |
| Tangible fixed assets | 22/27 | €5,517 | €3,548 | -€1,969 | -35.7% |
| Land and buildings | 22 | €694 | €571 | -€123 | -17.7% |
| Furniture and vehicles | 24 | €4,823 | €2,977 | -€1,846 | -38.3% |
| Current assets | 29/58 | €12,462 | €4,569 | -€7,894 | -63.3% |
| Amounts receivable within one year | 40/41 | €742 | €3,392 | +€2,649 | +357.0% |
| Trade receivables | 40 | €707 | €3,334 | +€2,627 | +371.7% |
| Other amounts receivable | 41 | €36 | €58 | +€23 | +63.6% |
| Cash at bank and in hand | 54/58 | €10,223 | €534 | -€9,688 | -94.8% |
| Deferred charges and accrued income | 490/1 | €1,498 | €643 | -€855 | -57.1% |
| Total equity and liabilities | 10/49 | €17,980 | €8,116 | -€9,863 | -54.9% |
| Equity | 10/15 | -€26,143 | -€12,027 | +€14,116 | +54.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €5,940 | €5,940 | = | 0.0% |
| Distributable reserves | 133 | €5,940 | €5,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,583 | -€30,467 | +€14,116 | +31.7% |
| Amounts payable | 17/49 | €44,122 | €20,143 | -€23,979 | -54.3% |
| Amounts payable within one year | 42/48 | €44,103 | €20,123 | -€23,980 | -54.4% |
| Trade debts | 44 | €1,039 | €1,595 | +€556 | +53.6% |
| Suppliers | 440/4 | €1,039 | €1,595 | +€556 | +53.6% |
| Taxes, remuneration and social security | 45 | €2,823 | €2,152 | -€670 | -23.7% |
| Taxes | 450/3 | €2,823 | €2,152 | -€670 | -23.7% |
| Other amounts payable | 47/48 | €40,242 | €16,376 | -€23,866 | -59.3% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | +€0 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,866 | €1,969 | +€104 | +5.6% |
| Other operating charges | 640/8 | €1,177 | €1,327 | +€150 | +12.8% |
| Gross operating margin | 9900 | €25,720 | €17,734 | -€7,986 | -31.1% |
| Operating profit (loss) | 9901 | €22,678 | €14,438 | -€8,240 | -36.3% |
| Financial income | 75/76B | €0 | €40 | +€40 | +79900.0% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +79900.0% |
| Financial charges | 65/66B | €46 | €42 | -€4 | -7.8% |
| Recurring financial charges | 65 | €46 | €42 | -€4 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €22,632 | €14,436 | -€8,197 | -36.2% |
| Income taxes | 67/77 | €309 | €320 | +€11 | +3.6% |
| Profit (loss) for the period | 9904 | €22,324 | €14,116 | -€8,208 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,324 | €14,116 | -€8,208 | -36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.