TVB Consulting: 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.
TVB Consulting
Largest movements
- Tangible fixed assets -€32,561
down €32,561 (-4.5%), from €716,467 to €683,906
of which Other tangible fixed assets: -€38,879
- Receivables within one year -€14,100
down €14,100 (-55.3%), from €25,481 to €11,382
of which Other amounts receivable: -€14,042
- Reserves -€96,959
down €96,959 (-37.8%), from €256,829 to €159,869
- Other debts +€44,459
new in 2025: €44,459
- Debts after one year -€26,275
down €26,275 (-4.8%), from €551,337 to €525,062
- Tax, wage and social debts +€17,441
up €17,441 (+298%), from €5,859 to €23,300
- Trade debts +€9,793
up €9,793 (+53.9%), from €18,154 to €27,947
- Gross operating margin -€12,175
down €12,175 (-16.6%), from €73,261 to €61,086
- Financial income +€4,341
up €4,341 (+33.1%), from €13,119 to €17,460
- Taxes -€2,534
down €2,534 (-69.2%), from €3,663 to €1,129
- Other operating charges +€903
up €903 (+22.7%), from €3,981 to €4,884
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 | €860,272 | €811,001 | -€49,270 | -5.7% |
| Fixed assets | 21/28 | €760,287 | €727,797 | -€32,490 | -4.3% |
| Tangible fixed assets | 22/27 | €716,467 | €683,906 | -€32,561 | -4.5% |
| Land and buildings | 22 | €3,619 | €2,860 | -€759 | -21.0% |
| Furniture and vehicles | 24 | - | €7,077 | +€7,077 | |
| Other tangible fixed assets | 26 | €712,848 | €673,969 | -€38,879 | -5.5% |
| Financial fixed assets | 28 | €43,821 | €43,891 | +€71 | +0.2% |
| Current assets | 29/58 | €99,984 | €83,204 | -€16,780 | -16.8% |
| Amounts receivable after more than one year | 29 | €44,459 | €47,269 | +€2,811 | +6.3% |
| Other amounts receivable | 291 | €44,459 | €47,269 | +€2,811 | +6.3% |
| Amounts receivable within one year | 40/41 | €25,481 | €11,382 | -€14,100 | -55.3% |
| Trade receivables | 40 | €417 | €359 | -€58 | -13.8% |
| Other amounts receivable | 41 | €25,065 | €11,023 | -€14,042 | -56.0% |
| Cash at bank and in hand | 54/58 | €24,897 | €17,920 | -€6,977 | -28.0% |
| Deferred charges and accrued income | 490/1 | €5,147 | €6,634 | +€1,486 | +28.9% |
| Total equity and liabilities | 10/49 | €860,272 | €811,001 | -€49,270 | -5.7% |
| Equity | 10/15 | €259,329 | €162,369 | -€96,959 | -37.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €256,829 | €159,869 | -€96,959 | -37.8% |
| Distributable reserves | 133 | €256,829 | €159,869 | -€96,959 | -37.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €600,943 | €648,632 | +€47,689 | +7.9% |
| Amounts payable after more than one year | 17 | €551,337 | €525,062 | -€26,275 | -4.8% |
| Financial debts | 170/4 | €551,337 | €525,062 | -€26,275 | -4.8% |
| Amounts payable within one year | 42/48 | €49,606 | €123,570 | +€73,964 | +149% |
| Current portion of amounts payable after more than one year | 42 | €25,593 | €26,275 | +€682 | +2.7% |
| Financial debts | 43 | - | €139 | +€139 | |
| Credit institutions | 430/8 | - | €139 | +€139 | |
| Trade debts | 44 | €18,154 | €27,947 | +€9,793 | +53.9% |
| Suppliers | 440/4 | €18,154 | €27,947 | +€9,793 | +53.9% |
| Advances received on contracts in progress | 46 | - | €1,450 | +€1,450 | |
| Taxes, remuneration and social security | 45 | €5,859 | €23,300 | +€17,441 | +298% |
| Taxes | 450/3 | €5,859 | €23,300 | +€17,441 | +298% |
| Other amounts payable | 47/48 | - | €44,459 | +€44,459 | |
| Remuneration, social security and pensions | 62 | €540 | €0 | -€540 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,401 | €44,944 | -€457 | -1.0% |
| Other operating charges | 640/8 | €3,981 | €4,884 | +€903 | +22.7% |
| Non-recurring operating charges | 66A | €338 | - | -€338 | |
| Gross operating margin | 9900 | €73,261 | €61,086 | -€12,175 | -16.6% |
| Operating profit (loss) | 9901 | €23,001 | €11,258 | -€11,743 | -51.1% |
| Financial income | 75/76B | €13,119 | €17,460 | +€4,341 | +33.1% |
| Recurring financial income | 75 | €13,119 | €17,460 | +€4,341 | +33.1% |
| Financial charges | 65/66B | €16,835 | €16,362 | -€473 | -2.8% |
| Recurring financial charges | 65 | €16,835 | €16,362 | -€473 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €19,285 | €12,356 | -€6,929 | -35.9% |
| Income taxes | 67/77 | €3,663 | €1,129 | -€2,534 | -69.2% |
| Profit (loss) for the period | 9904 | €15,622 | €11,227 | -€4,394 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,622 | €11,227 | -€4,394 | -28.1% |
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 22 October 2026 via checked.be.