TV CONNECTIONS: 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 CONNECTIONS
Largest movements
- Cash -€85,014
down €85,014 (-49.0%), from €173,379 to €88,365
mainly Short-term financial debts (-€125,000) and Net result for the year (-€40,740)
- Tangible fixed assets -€45,990
down €45,990 (-15.9%), from €289,695 to €243,705
of which Plant, machinery and equipment: -€23,531
- Receivables within one year -€20,090
down €20,090 (-12.4%), from €162,281 to €142,191
of which Trade receivables: -€10,730
- Stocks and contracts -€12,332
down €12,332 (-8.0%), from €153,802 to €141,470
- Short-term financial debts -€125,000
down €125,000 (-100%), from €125,000 to €0
- Profit (loss) carried forward -€40,740
down €40,740 (-15.3%), from €265,877 to €225,137
- Debts after one year -€33,615
down €33,615 (-16.5%), from €203,675 to €170,061
- Trade debts +€30,438
up €30,438 (+32.3%), from €94,365 to €124,803
- Tax, wage and social debts +€7,974
up €7,974 (+46.9%), from €17,018 to €24,992
of which Remuneration and social security: +€6,255
- Gross operating margin -€36,541
down €36,541 (-18.4%), from €198,688 to €162,146
- Staff costs +€13,049
up €13,049 (+10.4%), from €125,595 to €138,644
- Financial income -€7,332
down €7,332 (-53.1%), from €13,799 to €6,468
- Taxes -€5,628
down €5,628 (-95.9%), from €5,867 to €240
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 | €782,968 | €621,349 | -€161,619 | -20.6% |
| Fixed assets | 21/28 | €289,799 | €243,809 | -€45,990 | -15.9% |
| Tangible fixed assets | 22/27 | €289,695 | €243,705 | -€45,990 | -15.9% |
| Land and buildings | 22 | €186,750 | €175,500 | -€11,250 | -6.0% |
| Plant, machinery and equipment | 23 | €85,612 | €62,080 | -€23,531 | -27.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €17,333 | €6,125 | -€11,209 | -64.7% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €493,169 | €377,539 | -€115,629 | -23.4% |
| Stocks and contracts in progress | 3 | €153,802 | €141,470 | -€12,332 | -8.0% |
| Stocks | 30/36 | €153,802 | €141,470 | -€12,332 | -8.0% |
| Amounts receivable within one year | 40/41 | €162,281 | €142,191 | -€20,090 | -12.4% |
| Trade receivables | 40 | €143,035 | €132,305 | -€10,730 | -7.5% |
| Other amounts receivable | 41 | €19,246 | €9,885 | -€9,360 | -48.6% |
| Cash at bank and in hand | 54/58 | €173,379 | €88,365 | -€85,014 | -49.0% |
| Deferred charges and accrued income | 490/1 | €3,707 | €5,514 | +€1,807 | +48.7% |
| Total equity and liabilities | 10/49 | €782,968 | €621,349 | -€161,619 | -20.6% |
| Equity | 10/15 | €305,975 | €263,968 | -€42,007 | -13.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,877 | €225,137 | -€40,740 | -15.3% |
| Investment grants | 15 | €19,689 | €18,422 | -€1,267 | -6.4% |
| Provisions and deferred taxes | 16 | €3,938 | €3,516 | -€422 | -10.7% |
| Deferred taxes | 168 | €3,938 | €3,516 | -€422 | -10.7% |
| Amounts payable | 17/49 | €473,055 | €353,865 | -€119,190 | -25.2% |
| Amounts payable after more than one year | 17 | €203,675 | €170,061 | -€33,615 | -16.5% |
| Financial debts | 170/4 | €203,675 | €170,061 | -€33,615 | -16.5% |
| Amounts payable within one year | 42/48 | €269,379 | €183,411 | -€85,969 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €32,996 | €33,615 | +€619 | +1.9% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €94,365 | €124,803 | +€30,438 | +32.3% |
| Suppliers | 440/4 | €94,365 | €124,803 | +€30,438 | +32.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,018 | €24,992 | +€7,974 | +46.9% |
| Taxes | 450/3 | €7,409 | €9,128 | +€1,719 | +23.2% |
| Remuneration and social security | 454/9 | €9,609 | €15,865 | +€6,255 | +65.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €394 | +€394 | |
| Remuneration, social security and pensions | 62 | €125,595 | €138,644 | +€13,049 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,989 | €50,011 | -€978 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,016 | €0 | +€1,016 | |
| Other operating charges | 640/8 | €2,197 | €2,176 | -€21 | -1.0% |
| Non-recurring operating charges | 66A | €0 | €1,784 | +€1,784 | |
| Gross operating margin | 9900 | €198,688 | €162,146 | -€36,541 | -18.4% |
| Operating profit (loss) | 9901 | €20,922 | -€30,468 | -€51,390 | |
| Financial income | 75/76B | €13,799 | €6,468 | -€7,332 | -53.1% |
| Recurring financial income | 75 | €13,799 | €6,468 | -€7,332 | -53.1% |
| Financial charges | 65/66B | €17,518 | €16,922 | -€596 | -3.4% |
| Recurring financial charges | 65 | €17,518 | €16,922 | -€596 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €17,203 | -€40,923 | -€58,126 | |
| Transfer from deferred taxes | 780 | €1,088 | €422 | -€666 | -61.2% |
| Income taxes | 67/77 | €5,867 | €240 | -€5,628 | -95.9% |
| Profit (loss) for the period | 9904 | €12,424 | -€40,740 | -€53,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,424 | -€40,740 | -€53,164 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.