TVA Law: 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.
TVA Law
Largest movements
- Receivables within one year +€56,800
up €56,800 (+2240.9%), from €2,535 to €59,335
of which Trade receivables: +€56,800
- Cash +€32,250
up €32,250 (+39.7%), from €81,298 to €113,548
mainly Net result for the year (+€68,189) and Depreciation (+€14,753)
- Reserves +€68,189
up €68,189 (+108.8%), from €62,668 to €130,857
- Tax, wage and social debts +€13,696
up €13,696 (+100.2%), from €13,665 to €27,361
of which Taxes: +€13,567
- Other debts +€7,687
up €7,687 (+3.2%), from €237,061 to €244,749
- Other operating charges -€23,198
down €23,198 (-98.9%), from €23,458 to €260
- Depreciation +€10,629
up €10,629 (+257.7%), from €4,124 to €14,753
- Financial charges +€3,848
up €3,848 (+81.0%), from €4,750 to €8,598
- Taxes +€2,514
up €2,514 (+10.5%), from €23,833 to €26,347
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 | €315,643 | €404,785 | +€89,142 | +28.2% |
| Fixed assets | 21/28 | €230,544 | €230,446 | -€98 | 0.0% |
| Tangible fixed assets | 22/27 | €230,294 | €230,196 | -€98 | 0.0% |
| Land and buildings | 22 | €197,713 | €198,909 | +€1,196 | +0.6% |
| Plant, machinery and equipment | 23 | €5,605 | €3,605 | -€2,000 | -35.7% |
| Furniture and vehicles | 24 | €26,975 | €27,681 | +€706 | +2.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €85,099 | €174,339 | +€89,240 | +104.9% |
| Amounts receivable within one year | 40/41 | €2,535 | €59,335 | +€56,800 | +2240.9% |
| Trade receivables | 40 | - | €56,800 | +€56,800 | |
| Other amounts receivable | 41 | €2,535 | €2,535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,298 | €113,548 | +€32,250 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,457 | +€191 | +15.1% |
| Total equity and liabilities | 10/49 | €315,643 | €404,785 | +€89,142 | +28.2% |
| Equity | 10/15 | €63,168 | €131,357 | +€68,189 | +107.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €62,668 | €130,857 | +€68,189 | +108.8% |
| Distributable reserves | 133 | €62,668 | €130,857 | +€68,189 | +108.8% |
| Amounts payable | 17/49 | €252,475 | €273,428 | +€20,953 | +8.3% |
| Amounts payable within one year | 42/48 | €252,475 | €273,428 | +€20,953 | +8.3% |
| Trade debts | 44 | €1,748 | €1,318 | -€430 | -24.6% |
| Suppliers | 440/4 | €1,748 | €1,318 | -€430 | -24.6% |
| Taxes, remuneration and social security | 45 | €13,665 | €27,361 | +€13,696 | +100.2% |
| Taxes | 450/3 | €13,665 | €27,233 | +€13,567 | +99.3% |
| Remuneration and social security | 454/9 | - | €128 | +€128 | |
| Other amounts payable | 47/48 | €237,061 | €244,749 | +€7,687 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,124 | €14,753 | +€10,629 | +257.7% |
| Other operating charges | 640/8 | €23,458 | €260 | -€23,198 | -98.9% |
| Gross operating margin | 9900 | €118,833 | €118,086 | -€748 | -0.6% |
| Operating profit (loss) | 9901 | €91,251 | €103,073 | +€11,821 | +13.0% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €4,750 | €8,598 | +€3,848 | +81.0% |
| Recurring financial charges | 65 | €4,750 | €8,598 | +€3,848 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €86,502 | €94,536 | +€8,034 | +9.3% |
| Income taxes | 67/77 | €23,833 | €26,347 | +€2,514 | +10.5% |
| Profit (loss) for the period | 9904 | €62,668 | €68,189 | +€5,520 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,668 | €68,189 | +€5,520 | +8.8% |
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 11 October 2026 via checked.be.