TV PROJECTS: 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.
TV PROJECTS
Largest movements
- Cash -€28,945
down €28,945 (-29.4%), from €98,560 to €69,614
mainly Contributions, distributions and other (-€47,000) and Other debts (-€19,632)
- Tangible fixed assets -€14,664
down €14,664 (-49.6%), from €29,577 to €14,913
of which Leasing and similar rights: -€20,052
- Intangible fixed assets -€4,000
down €4,000 (-80.3%), from €4,984 to €984
- Receivables within one year -€2,274
down €2,274 (-18.5%), from €12,259 to €9,985
of which Other amounts receivable: -€2,370
- Reserves -€27,200
down €27,200 (-40.6%), from €67,000 to €39,800
- Other debts -€19,632
down €19,632 (-29.0%), from €67,752 to €48,120
- Current portion of long-term debt -€9,367
no longer reported in 2025 (was €9,367)
- Trade debts +€6,352
up €6,352 (+269.1%), from €2,360 to €8,712
- Gross operating margin -€16,364
down €16,364 (-31.2%), from €52,442 to €36,078
- Depreciation -€12,815
down €12,815 (-59.5%), from €21,537 to €8,722
- Taxes -€654
down €654 (-9.8%), from €6,686 to €6,031
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 | €147,534 | €97,722 | -€49,812 | -33.8% |
| Fixed assets | 21/28 | €34,560 | €15,896 | -€18,664 | -54.0% |
| Intangible fixed assets | 21 | €4,984 | €984 | -€4,000 | -80.3% |
| Tangible fixed assets | 22/27 | €29,577 | €14,913 | -€14,664 | -49.6% |
| Land and buildings | 22 | - | €8,712 | +€8,712 | |
| Furniture and vehicles | 24 | €9,524 | €6,201 | -€3,324 | -34.9% |
| Leasing and similar rights | 25 | €20,052 | - | -€20,052 | |
| Current assets | 29/58 | €112,974 | €81,826 | -€31,148 | -27.6% |
| Stocks and contracts in progress | 3 | €516 | €450 | -€66 | -12.8% |
| Stocks | 30/36 | €516 | €450 | -€66 | -12.8% |
| Amounts receivable within one year | 40/41 | €12,259 | €9,985 | -€2,274 | -18.5% |
| Trade receivables | 40 | - | €96 | +€96 | |
| Other amounts receivable | 41 | €12,259 | €9,889 | -€2,370 | -19.3% |
| Cash at bank and in hand | 54/58 | €98,560 | €69,614 | -€28,945 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,639 | €1,776 | +€137 | +8.4% |
| Total equity and liabilities | 10/49 | €147,534 | €97,722 | -€49,812 | -33.8% |
| Equity | 10/15 | €68,054 | €40,890 | -€27,164 | -39.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €39,800 | -€27,200 | -40.6% |
| Distributable reserves | 133 | €67,000 | €39,800 | -€27,200 | -40.6% |
| Profit (loss) carried forward | 14 | €54 | €90 | +€36 | +66.3% |
| Amounts payable | 17/49 | €79,480 | €56,832 | -€22,648 | -28.5% |
| Amounts payable within one year | 42/48 | €79,480 | €56,832 | -€22,648 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €9,367 | - | -€9,367 | |
| Trade debts | 44 | €2,360 | €8,712 | +€6,352 | +269.1% |
| Suppliers | 440/4 | €2,360 | €8,712 | +€6,352 | +269.1% |
| Other amounts payable | 47/48 | €67,752 | €48,120 | -€19,632 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,537 | €8,722 | -€12,815 | -59.5% |
| Other operating charges | 640/8 | €935 | €1,163 | +€227 | +24.3% |
| Gross operating margin | 9900 | €52,442 | €36,078 | -€16,364 | -31.2% |
| Operating profit (loss) | 9901 | €29,970 | €26,194 | -€3,776 | -12.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.2% |
| Financial charges | 65/66B | €308 | €326 | +€18 | +5.9% |
| Recurring financial charges | 65 | €308 | €326 | +€18 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €29,663 | €25,868 | -€3,795 | -12.8% |
| Income taxes | 67/77 | €6,686 | €6,031 | -€654 | -9.8% |
| Profit (loss) for the period | 9904 | €22,977 | €19,836 | -€3,141 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,977 | €19,836 | -€3,141 | -13.7% |
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 6 October 2026 via checked.be.