TVB Export: 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.
TVB Export
Largest movements
- Tangible fixed assets -€34,004
down €34,004 (-24.4%), from €139,266 to €105,262
- Receivables within one year +€19,816
up €19,816 (+110.4%), from €17,945 to €37,761
of which Trade receivables: +€23,890
- Trade debts -€16,068
down €16,068 (-95.9%), from €16,747 to €679
- Other debts +€9,373
up €9,373 (+224.8%), from €4,170 to €13,543
- Current portion of long-term debt -€7,482
no longer reported in 2025 (was €7,482)
- Depreciation +€24,657
up €24,657 (+263.8%), from €9,347 to €34,004
- Gross operating margin +€23,930
up €23,930 (+207.1%), from €11,557 to €35,487
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 | €157,919 | €143,762 | -€14,157 | -9.0% |
| Fixed assets | 21/28 | €139,266 | €105,262 | -€34,004 | -24.4% |
| Tangible fixed assets | 22/27 | €139,266 | €105,262 | -€34,004 | -24.4% |
| Furniture and vehicles | 24 | €139,266 | €105,262 | -€34,004 | -24.4% |
| Current assets | 29/58 | €18,653 | €38,500 | +€19,846 | +106.4% |
| Amounts receivable within one year | 40/41 | €17,945 | €37,761 | +€19,816 | +110.4% |
| Trade receivables | 40 | €13,720 | €37,610 | +€23,890 | +174.1% |
| Other amounts receivable | 41 | €4,225 | €151 | -€4,074 | -96.4% |
| Cash at bank and in hand | 54/58 | €159 | €739 | +€580 | +365.8% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €157,919 | €143,762 | -€14,157 | -9.0% |
| Equity | 10/15 | €32,346 | €32,365 | +€19 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,146 | €26,165 | +€19 | +0.1% |
| Distributable reserves | 133 | €26,146 | €26,165 | +€19 | +0.1% |
| Amounts payable | 17/49 | €125,573 | €111,397 | -€14,177 | -11.3% |
| Amounts payable after more than one year | 17 | €97,175 | €97,175 | = | 0.0% |
| Financial debts | 170/4 | €97,175 | €97,175 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,399 | €14,222 | -€14,177 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €7,482 | - | -€7,482 | |
| Trade debts | 44 | €16,747 | €679 | -€16,068 | -95.9% |
| Suppliers | 440/4 | €16,747 | €679 | -€16,068 | -95.9% |
| Other amounts payable | 47/48 | €4,170 | €13,543 | +€9,373 | +224.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,347 | €34,004 | +€24,657 | +263.8% |
| Other operating charges | 640/8 | €1,044 | €1,242 | +€198 | +19.0% |
| Gross operating margin | 9900 | €11,557 | €35,487 | +€23,930 | +207.1% |
| Operating profit (loss) | 9901 | €1,166 | €241 | -€925 | -79.3% |
| Financial charges | 65/66B | €286 | €217 | -€69 | -24.1% |
| Recurring financial charges | 65 | €286 | €217 | -€69 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €880 | €24 | -€856 | -97.3% |
| Income taxes | 67/77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | €880 | €19 | -€861 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €880 | €19 | -€861 | -97.8% |
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 8 October 2026 via checked.be.