TVC 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.
TVC CONSULTING
Largest movements
- Tangible fixed assets -€13,155
down €13,155 (-4.4%), from €300,548 to €287,393
of which Land and buildings: -€9,336
- Deferred charges and accrued income -€6,942
down €6,942 (-37.4%), from €18,561 to €11,619
- Receivables within one year +€6,315
up €6,315 (+21.8%), from €28,976 to €35,291
of which Trade receivables: +€6,732
- Reserves -€59,628
down €59,628 (-71.3%), from €83,608 to €23,980
- Other debts +€42,759
up €42,759 (+76.6%), from €55,824 to €98,583
- Debts after one year -€14,386
down €14,386 (-8.2%), from €176,024 to €161,637
- Tax, wage and social debts +€13,365
up €13,365, from €0 to €13,365
of which Taxes: +€13,365
- Gross operating margin -€5,041
down €5,041 (-8.3%), from €60,835 to €55,794
- Taxes -€1,375
down €1,375 (-15.0%), from €9,200 to €7,824
- Depreciation +€1,165
up €1,165 (+9.7%), from €11,991 to €13,155
- Financial charges +€901
up €901 (+10.1%), from €8,966 to €9,867
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 | €349,283 | €335,397 | -€13,887 | -4.0% |
| Fixed assets | 21/28 | €300,548 | €287,393 | -€13,155 | -4.4% |
| Tangible fixed assets | 22/27 | €300,548 | €287,393 | -€13,155 | -4.4% |
| Land and buildings | 22 | €291,136 | €281,800 | -€9,336 | -3.2% |
| Plant, machinery and equipment | 23 | €9,000 | €5,593 | -€3,407 | -37.9% |
| Furniture and vehicles | 24 | €412 | €0 | -€412 | -100% |
| Current assets | 29/58 | €48,735 | €48,004 | -€731 | -1.5% |
| Amounts receivable within one year | 40/41 | €28,976 | €35,291 | +€6,315 | +21.8% |
| Trade receivables | 40 | €27,520 | €34,252 | +€6,732 | +24.5% |
| Other amounts receivable | 41 | €1,456 | €1,039 | -€418 | -28.7% |
| Current investments | 50/53 | - | €1,035 | +€1,035 | |
| Cash at bank and in hand | 54/58 | €1,198 | €59 | -€1,139 | -95.1% |
| Deferred charges and accrued income | 490/1 | €18,561 | €11,619 | -€6,942 | -37.4% |
| Total equity and liabilities | 10/49 | €349,283 | €335,397 | -€13,887 | -4.0% |
| Equity | 10/15 | €102,208 | €42,580 | -€59,628 | -58.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,608 | €23,980 | -€59,628 | -71.3% |
| Distributable reserves | 133 | €83,608 | €23,980 | -€59,628 | -71.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €247,075 | €292,816 | +€45,741 | +18.5% |
| Amounts payable after more than one year | 17 | €176,024 | €161,637 | -€14,386 | -8.2% |
| Financial debts | 170/4 | €176,024 | €161,637 | -€14,386 | -8.2% |
| Amounts payable within one year | 42/48 | €70,171 | €128,618 | +€58,446 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €14,126 | €14,386 | +€261 | +1.8% |
| Financial debts | 43 | €1 | €20 | +€19 | +1,920% |
| Credit institutions | 430/8 | €1 | €20 | +€19 | +1,920% |
| Trade debts | 44 | €221 | €2,263 | +€2,042 | +925% |
| Suppliers | 440/4 | €221 | €2,263 | +€2,042 | +925% |
| Taxes, remuneration and social security | 45 | €0 | €13,365 | +€13,365 | |
| Taxes | 450/3 | - | €13,365 | +€13,365 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,824 | €98,583 | +€42,759 | +76.6% |
| Accrued charges and deferred income | 492/3 | €880 | €2,561 | +€1,681 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,991 | €13,155 | +€1,165 | +9.7% |
| Other operating charges | 640/8 | €991 | €1,002 | +€12 | +1.2% |
| Gross operating margin | 9900 | €60,835 | €55,794 | -€5,041 | -8.3% |
| Operating profit (loss) | 9901 | €47,854 | €41,637 | -€6,217 | -13.0% |
| Financial income | 75/76B | €482 | €35 | -€447 | -92.7% |
| Recurring financial income | 75 | €482 | €35 | -€447 | -92.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,966 | €9,867 | +€901 | +10.1% |
| Recurring financial charges | 65 | €8,966 | €9,867 | +€901 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €39,369 | €31,804 | -€7,565 | -19.2% |
| Income taxes | 67/77 | €9,200 | €7,824 | -€1,375 | -15.0% |
| Profit (loss) for the period | 9904 | €30,170 | €23,980 | -€6,190 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,170 | €23,980 | -€6,190 | -20.5% |
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 23 October 2026 via checked.be.