TV-ADVICE: 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.
TV-ADVICE
Largest movements
- Receivables after one year +€161,960
up €161,960 (+154%), from €105,040 to €267,000
- Cash -€49,240
down €49,240 (-89.3%), from €55,164 to €5,924
mainly Receivables after one year (-€161,960) and Contributions, distributions and other (-€149,916)
- Receivables within one year +€17,114
up €17,114 (+63.5%), from €26,966 to €44,081
of which Other amounts receivable: +€12,981
- Debts after one year +€228,989
up €228,989 (+38.6%), from €593,877 to €822,866
- Profit (loss) carried forward -€108,793
down €108,793 (-60.2%), from €180,812 to €72,019
- Gross operating margin -€32,718
down €32,718 (-27.9%), from €117,088 to €84,369
- Taxes -€10,203
down €10,203 (-40.0%), from €25,509 to €15,305
- Financial income +€8,221
up €8,221 (+163%), from €5,040 to €13,261
- Financial charges +€3,533
up €3,533 (+45.6%), from €7,753 to €11,287
- Depreciation +€1,532
up €1,532 (+6.4%), from €24,073 to €25,605
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 | €847,547 | €976,188 | +€128,640 | +15.2% |
| Fixed assets | 21/28 | €660,377 | €659,182 | -€1,195 | -0.2% |
| Tangible fixed assets | 22/27 | €660,377 | €659,182 | -€1,195 | -0.2% |
| Land and buildings | 22 | €631,584 | €620,486 | -€11,098 | -1.8% |
| Plant, machinery and equipment | 23 | €18,150 | €15,995 | -€2,156 | -11.9% |
| Furniture and vehicles | 24 | €10,643 | €22,702 | +€12,059 | +113% |
| Current assets | 29/58 | €187,171 | €317,005 | +€129,835 | +69.4% |
| Amounts receivable after more than one year | 29 | €105,040 | €267,000 | +€161,960 | +154% |
| Other amounts receivable | 291 | €105,040 | €267,000 | +€161,960 | +154% |
| Amounts receivable within one year | 40/41 | €26,966 | €44,081 | +€17,114 | +63.5% |
| Trade receivables | 40 | €21,650 | €25,784 | +€4,134 | +19.1% |
| Other amounts receivable | 41 | €5,316 | €18,297 | +€12,981 | +244% |
| Cash at bank and in hand | 54/58 | €55,164 | €5,924 | -€49,240 | -89.3% |
| Total equity and liabilities | 10/49 | €847,547 | €976,188 | +€128,640 | +15.2% |
| Equity | 10/15 | €201,272 | €92,479 | -€108,793 | -54.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,812 | €72,019 | -€108,793 | -60.2% |
| Amounts payable | 17/49 | €646,275 | €883,708 | +€237,433 | +36.7% |
| Amounts payable after more than one year | 17 | €593,877 | €822,866 | +€228,989 | +38.6% |
| Financial debts | 170/4 | €593,877 | €822,866 | +€228,989 | +38.6% |
| Amounts payable within one year | 42/48 | €52,398 | €60,842 | +€8,444 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €25,549 | €25,861 | +€313 | +1.2% |
| Trade debts | 44 | €3,673 | €10,523 | +€6,850 | +186% |
| Suppliers | 440/4 | €3,673 | €10,523 | +€6,850 | +186% |
| Advances received on contracts in progress | 46 | - | €143 | +€143 | |
| Taxes, remuneration and social security | 45 | €23,176 | €24,314 | +€1,138 | +4.9% |
| Taxes | 450/3 | €20,422 | €21,564 | +€1,142 | +5.6% |
| Remuneration and social security | 454/9 | €2,754 | €2,750 | -€4 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,073 | €25,605 | +€1,532 | +6.4% |
| Other operating charges | 640/8 | €2,384 | €1,972 | -€413 | -17.3% |
| Non-recurring operating charges | 66A | - | €2,339 | +€2,339 | |
| Gross operating margin | 9900 | €117,088 | €84,369 | -€32,718 | -27.9% |
| Operating profit (loss) | 9901 | €90,631 | €54,454 | -€36,177 | -39.9% |
| Financial income | 75/76B | €5,040 | €13,261 | +€8,221 | +163% |
| Recurring financial income | 75 | €5,040 | €13,261 | +€8,221 | +163% |
| Financial charges | 65/66B | €7,753 | €11,287 | +€3,533 | +45.6% |
| Recurring financial charges | 65 | €7,753 | €11,287 | +€3,533 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €87,917 | €56,429 | -€31,489 | -35.8% |
| Income taxes | 67/77 | €25,509 | €15,305 | -€10,203 | -40.0% |
| Profit (loss) for the period | 9904 | €62,409 | €41,123 | -€21,286 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,409 | €41,123 | -€21,286 | -34.1% |
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 17 October 2026 via checked.be.