TSV CONCEPT: 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.
TSV CONCEPT
Largest movements
- Receivables within one year -€69,830
down €69,830 (-24.3%), from €287,545 to €217,715
of which Other amounts receivable: -€63,988
- Receivables after one year +€40,000
up €40,000 (+30.8%), from €130,000 to €170,000
- Current investments -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Profit (loss) carried forward -€209,012
down €209,012 (-40.1%), from €521,524 to €312,513
- Reserves +€145,748
up €145,748 (+20.8%), from €699,252 to €845,000
- Tax, wage and social debts +€88,845
up €88,845 (+307.0%), from €28,936 to €117,781
of which Taxes: +€96,084
- Other debts -€47,764
down €47,764 (-9.1%), from €527,174 to €479,410
- Trade debts -€42,648
down €42,648 (-97.1%), from €43,934 to €1,285
- Gross operating margin -€208,920
down €208,920 (-45.3%), from €461,510 to €252,590
- Taxes -€38,211
down €38,211 (-36.3%), from €105,274 to €67,063
- Other operating charges -€5,411
down €5,411 (-76.5%), from €7,069 to €1,658
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,829,184 | €1,764,769 | -€64,415 | -3.5% |
| Fixed assets | 21/28 | €1,316,823 | €1,315,609 | -€1,215 | -0.1% |
| Tangible fixed assets | 22/27 | €4,423 | €3,209 | -€1,215 | -27.5% |
| Plant, machinery and equipment | 23 | €2,047 | €1,837 | -€210 | -10.3% |
| Furniture and vehicles | 24 | €2,377 | €1,372 | -€1,005 | -42.3% |
| Financial fixed assets | 28 | €1,312,400 | €1,312,400 | = | 0.0% |
| Current assets | 29/58 | €512,361 | €449,161 | -€63,200 | -12.3% |
| Amounts receivable after more than one year | 29 | €130,000 | €170,000 | +€40,000 | +30.8% |
| Other amounts receivable | 291 | €130,000 | €170,000 | +€40,000 | +30.8% |
| Amounts receivable within one year | 40/41 | €287,545 | €217,715 | -€69,830 | -24.3% |
| Trade receivables | 40 | €187,809 | €181,966 | -€5,842 | -3.1% |
| Other amounts receivable | 41 | €99,736 | €35,748 | -€63,988 | -64.2% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €37,579 | €22,557 | -€15,022 | -40.0% |
| Deferred charges and accrued income | 490/1 | €7,237 | €13,889 | +€6,652 | +91.9% |
| Total equity and liabilities | 10/49 | €1,829,184 | €1,764,769 | -€64,415 | -3.5% |
| Equity | 10/15 | €1,228,836 | €1,165,573 | -€63,263 | -5.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €699,252 | €845,000 | +€145,748 | +20.8% |
| Distributable reserves | 133 | €699,252 | €845,000 | +€145,748 | +20.8% |
| Profit (loss) carried forward | 14 | €521,524 | €312,513 | -€209,012 | -40.1% |
| Amounts payable | 17/49 | €600,348 | €599,197 | -€1,152 | -0.2% |
| Amounts payable within one year | 42/48 | €600,348 | €599,197 | -€1,152 | -0.2% |
| Financial debts | 43 | €304 | €720 | +€416 | +136.6% |
| Credit institutions | 430/8 | €304 | €720 | +€416 | +136.6% |
| Trade debts | 44 | €43,934 | €1,285 | -€42,648 | -97.1% |
| Suppliers | 440/4 | €43,934 | €1,285 | -€42,648 | -97.1% |
| Taxes, remuneration and social security | 45 | €28,936 | €117,781 | +€88,845 | +307.0% |
| Taxes | 450/3 | €14,925 | €111,009 | +€96,084 | +643.8% |
| Remuneration and social security | 454/9 | €14,012 | €6,772 | -€7,239 | -51.7% |
| Other amounts payable | 47/48 | €527,174 | €479,410 | -€47,764 | -9.1% |
| Remuneration, social security and pensions | 62 | €24,122 | €28,647 | +€4,524 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,215 | €1,215 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,069 | €1,658 | -€5,411 | -76.5% |
| Gross operating margin | 9900 | €461,510 | €252,590 | -€208,920 | -45.3% |
| Operating profit (loss) | 9901 | €429,103 | €221,071 | -€208,033 | -48.5% |
| Financial income | 75/76B | €2,800 | €6,519 | +€3,719 | +132.8% |
| Recurring financial income | 75 | €2,800 | €6,519 | +€3,719 | +132.8% |
| Financial charges | 65/66B | €3,556 | €5,539 | +€1,982 | +55.7% |
| Recurring financial charges | 65 | €3,556 | €5,539 | +€1,982 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €428,347 | €222,051 | -€206,296 | -48.2% |
| Income taxes | 67/77 | €105,274 | €67,063 | -€38,211 | -36.3% |
| Profit (loss) for the period | 9904 | €323,073 | €154,988 | -€168,085 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €323,073 | €154,988 | -€168,085 | -52.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.