TSV Consultancy: 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.
TSV Consultancy
Largest movements
- Cash +€29,189
up €29,189 (+27.0%), from €108,152 to €137,340
mainly Debts after one year (+€14,724) and Trade debts (+€10,216)
- Receivables within one year +€16,456
up €16,456 (+78.2%), from €21,047 to €37,503
of which Other amounts receivable: +€16,364
- Debts after one year +€14,724
up €14,724 (+282%), from €5,229 to €19,952
- Trade debts +€10,216
up €10,216 (+474%), from €2,154 to €12,369
- Reserves +€8,665
up €8,665 (+8.2%), from €105,911 to €114,576
- Tax, wage and social debts +€8,003
up €8,003 (+50.9%), from €15,724 to €23,727
of which Taxes: +€8,003
- Current portion of long-term debt +€4,288
up €4,288 (+153%), from €2,811 to €7,100
- Gross operating margin -€36,429
down €36,429 (-57.7%), from €63,145 to €26,716
- Other operating charges -€5,538
down €5,538 (-53.4%), from €10,364 to €4,826
- Taxes -€4,710
down €4,710 (-37.0%), from €12,737 to €8,026
- Financial charges +€3,658
up €3,658 (+139%), from €2,638 to €6,296
- Financial income +€1,256
up €1,256 (+344%), from €365 to €1,620
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 | €134,898 | €180,743 | +€45,844 | +34.0% |
| Fixed assets | 21/28 | €3,611 | €3,088 | -€523 | -14.5% |
| Tangible fixed assets | 22/27 | €3,611 | €3,088 | -€523 | -14.5% |
| Plant, machinery and equipment | 23 | €102 | €41 | -€61 | -59.9% |
| Other tangible fixed assets | 26 | €3,509 | €3,047 | -€462 | -13.2% |
| Current assets | 29/58 | €131,287 | €177,655 | +€46,368 | +35.3% |
| Amounts receivable within one year | 40/41 | €21,047 | €37,503 | +€16,456 | +78.2% |
| Trade receivables | 40 | €13,897 | €13,989 | +€92 | +0.7% |
| Other amounts receivable | 41 | €7,150 | €23,514 | +€16,364 | +229% |
| Cash at bank and in hand | 54/58 | €108,152 | €137,340 | +€29,189 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,089 | €2,811 | +€723 | +34.6% |
| Total equity and liabilities | 10/49 | €134,898 | €180,743 | +€45,844 | +34.0% |
| Equity | 10/15 | €108,911 | €117,576 | +€8,665 | +8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,911 | €114,576 | +€8,665 | +8.2% |
| Distributable reserves | 133 | €105,911 | €114,576 | +€8,665 | +8.2% |
| Amounts payable | 17/49 | €25,987 | €63,167 | +€37,180 | +143% |
| Amounts payable after more than one year | 17 | €5,229 | €19,952 | +€14,724 | +282% |
| Financial debts | 170/4 | €5,229 | €19,952 | +€14,724 | +282% |
| Amounts payable within one year | 42/48 | €20,689 | €43,196 | +€22,507 | +109% |
| Current portion of amounts payable after more than one year | 42 | €2,811 | €7,100 | +€4,288 | +153% |
| Trade debts | 44 | €2,154 | €12,369 | +€10,216 | +474% |
| Suppliers | 440/4 | €2,154 | €12,369 | +€10,216 | +474% |
| Taxes, remuneration and social security | 45 | €15,724 | €23,727 | +€8,003 | +50.9% |
| Taxes | 450/3 | €13,924 | €21,927 | +€8,003 | +57.5% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €69 | €19 | -€50 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €523 | = | 0.0% |
| Other operating charges | 640/8 | €10,364 | €4,826 | -€5,538 | -53.4% |
| Gross operating margin | 9900 | €63,145 | €26,716 | -€36,429 | -57.7% |
| Operating profit (loss) | 9901 | €52,257 | €21,367 | -€30,890 | -59.1% |
| Financial income | 75/76B | €365 | €1,620 | +€1,256 | +344% |
| Recurring financial income | 75 | €365 | €1,620 | +€1,256 | +344% |
| Financial charges | 65/66B | €2,638 | €6,296 | +€3,658 | +139% |
| Recurring financial charges | 65 | €2,638 | €6,296 | +€3,658 | +139% |
| Profit (loss) for the period before taxes | 9903 | €49,984 | €16,691 | -€33,293 | -66.6% |
| Income taxes | 67/77 | €12,737 | €8,026 | -€4,710 | -37.0% |
| Profit (loss) for the period | 9904 | €37,248 | €8,665 | -€28,583 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,248 | €8,665 | -€28,583 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.