TV8R: 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.
TV8R
Largest movements
- Stocks and contracts -€10,177
down €10,177 (-18.6%), from €54,578 to €44,401
- Cash +€9,419
up €9,419 (+40.8%), from €23,111 to €32,530
mainly Net result for the year (+€13,645) and Stocks and contracts (+€10,177)
- Receivables within one year +€8,207
up €8,207 (+767.7%), from €1,069 to €9,276
- Tangible fixed assets +€7,070
up €7,070 (+24.9%), from €28,401 to €35,471
of which Plant, machinery and equipment: +€5,781
- Reserves +€13,645
up €13,645 (+55.0%), from €24,796 to €38,441
- Trade debts +€8,002
up €8,002 (+654.9%), from €1,222 to €9,224
- Other debts -€6,581
down €6,581 (-9.3%), from €70,507 to €63,927
- Gross operating margin +€7,933
up €7,933 (+38.1%), from €20,809 to €28,742
- Financial charges -€5,046
down €5,046 (-89.6%), from €5,634 to €589
- Taxes +€2,661
up €2,661 (+129.1%), from €2,061 to €4,722
- Depreciation +€1,436
up €1,436 (+18.4%), from €7,814 to €9,250
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 | €108,686 | €123,236 | +€14,549 | +13.4% |
| Fixed assets | 21/28 | €28,401 | €35,471 | +€7,070 | +24.9% |
| Tangible fixed assets | 22/27 | €28,401 | €35,471 | +€7,070 | +24.9% |
| Land and buildings | 22 | - | €4,263 | +€4,263 | |
| Plant, machinery and equipment | 23 | €9,359 | €15,139 | +€5,781 | +61.8% |
| Furniture and vehicles | 24 | €19,042 | €16,069 | -€2,973 | -15.6% |
| Current assets | 29/58 | €80,286 | €87,765 | +€7,479 | +9.3% |
| Stocks and contracts in progress | 3 | €54,578 | €44,401 | -€10,177 | -18.6% |
| Stocks | 30/36 | €54,578 | €44,401 | -€10,177 | -18.6% |
| Amounts receivable within one year | 40/41 | €1,069 | €9,276 | +€8,207 | +767.7% |
| Trade receivables | 40 | €1,069 | €9,276 | +€8,207 | +767.7% |
| Cash at bank and in hand | 54/58 | €23,111 | €32,530 | +€9,419 | +40.8% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,557 | +€29 | +1.9% |
| Total equity and liabilities | 10/49 | €108,686 | €123,236 | +€14,549 | +13.4% |
| Equity | 10/15 | €27,796 | €41,441 | +€13,645 | +49.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,796 | €38,441 | +€13,645 | +55.0% |
| Distributable reserves | 133 | €24,796 | €38,441 | +€13,645 | +55.0% |
| Amounts payable | 17/49 | €80,891 | €81,795 | +€904 | +1.1% |
| Amounts payable within one year | 42/48 | €80,891 | €81,795 | +€904 | +1.1% |
| Trade debts | 44 | €1,222 | €9,224 | +€8,002 | +654.9% |
| Suppliers | 440/4 | €1,222 | €9,224 | +€8,002 | +654.9% |
| Taxes, remuneration and social security | 45 | €9,162 | €8,645 | -€517 | -5.6% |
| Taxes | 450/3 | €9,162 | €8,645 | -€517 | -5.6% |
| Other amounts payable | 47/48 | €70,507 | €63,927 | -€6,581 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,814 | €9,250 | +€1,436 | +18.4% |
| Other operating charges | 640/8 | €744 | €804 | +€60 | +8.1% |
| Gross operating margin | 9900 | €20,809 | €28,742 | +€7,933 | +38.1% |
| Operating profit (loss) | 9901 | €12,252 | €18,688 | +€6,436 | +52.5% |
| Financial income | 75/76B | €238 | €267 | +€29 | +12.3% |
| Recurring financial income | 75 | €238 | €267 | +€29 | +12.3% |
| Financial charges | 65/66B | €5,634 | €589 | -€5,046 | -89.6% |
| Recurring financial charges | 65 | €5,634 | €589 | -€5,046 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €6,856 | €18,367 | +€11,511 | +167.9% |
| Income taxes | 67/77 | €2,061 | €4,722 | +€2,661 | +129.1% |
| Profit (loss) for the period | 9904 | €4,795 | €13,645 | +€8,850 | +184.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,795 | €13,645 | +€8,850 | +184.6% |
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 9 October 2026 via checked.be.