TVC Legal: 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 Legal
Largest movements
- Receivables within one year +€58,130
up €58,130 (+98.9%), from €58,785 to €116,915
of which Other amounts receivable: +€58,974
- Cash -€33,429
down €33,429 (-10.6%), from €314,071 to €280,643
mainly Other debts (-€68,950) and Receivables within one year (-€58,130)
- Current investments +€15,000
up €15,000 (+4.7%), from €322,500 to €337,500
- Reserves +€106,338
up €106,338 (+16.4%), from €648,728 to €755,065
- Other debts -€68,950
down €68,950 (-100%), from €68,950 to €0
- Gross operating margin -€18,051
down €18,051 (-8.1%), from €223,303 to €205,253
- Depreciation +€11,178
up €11,178 (+218%), from €5,122 to €16,300
- Taxes -€10,009
down €10,009 (-17.9%), from €55,896 to €45,887
- Staff costs +€3,133
up €3,133 (+9.0%), from €34,719 to €37,853
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 | €770,301 | €812,621 | +€42,320 | +5.5% |
| Fixed assets | 21/28 | €74,944 | €77,080 | +€2,135 | +2.8% |
| Tangible fixed assets | 22/27 | €74,944 | €77,080 | +€2,135 | +2.8% |
| Plant, machinery and equipment | 23 | - | €10,840 | +€10,840 | |
| Furniture and vehicles | 24 | €69,282 | €60,577 | -€8,705 | -12.6% |
| Other tangible fixed assets | 26 | €5,662 | €5,662 | = | 0.0% |
| Current assets | 29/58 | €695,356 | €735,541 | +€40,184 | +5.8% |
| Amounts receivable within one year | 40/41 | €58,785 | €116,915 | +€58,130 | +98.9% |
| Trade receivables | 40 | €7,015 | €6,171 | -€844 | -12.0% |
| Other amounts receivable | 41 | €51,770 | €110,744 | +€58,974 | +114% |
| Current investments | 50/53 | €322,500 | €337,500 | +€15,000 | +4.7% |
| Cash at bank and in hand | 54/58 | €314,071 | €280,643 | -€33,429 | -10.6% |
| Deferred charges and accrued income | 490/1 | €0 | €484 | +€484 | |
| Total equity and liabilities | 10/49 | €770,301 | €812,621 | +€42,320 | +5.5% |
| Equity | 10/15 | €648,730 | €755,068 | +€106,338 | +16.4% |
| Reserves | 13 | €648,728 | €755,065 | +€106,338 | +16.4% |
| Distributable reserves | 133 | €648,728 | €755,065 | +€106,338 | +16.4% |
| Profit (loss) carried forward | 14 | €3 | €3 | = | 0.0% |
| Amounts payable | 17/49 | €121,570 | €57,553 | -€64,018 | -52.7% |
| Amounts payable within one year | 42/48 | €121,570 | €57,553 | -€64,018 | -52.7% |
| Trade debts | 44 | €3,070 | €3,727 | +€657 | +21.4% |
| Suppliers | 440/4 | €3,070 | €3,727 | +€657 | +21.4% |
| Taxes, remuneration and social security | 45 | €49,551 | €53,825 | +€4,275 | +8.6% |
| Taxes | 450/3 | €43,514 | €47,952 | +€4,438 | +10.2% |
| Remuneration and social security | 454/9 | €6,037 | €5,874 | -€163 | -2.7% |
| Other amounts payable | 47/48 | €68,950 | €0 | -€68,950 | -100% |
| Remuneration, social security and pensions | 62 | €34,719 | €37,853 | +€3,133 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,122 | €16,300 | +€11,178 | +218% |
| Other operating charges | 640/8 | €697 | €857 | +€160 | +22.9% |
| Gross operating margin | 9900 | €223,303 | €205,253 | -€18,051 | -8.1% |
| Operating profit (loss) | 9901 | €182,765 | €150,243 | -€32,522 | -17.8% |
| Financial income | 75/76B | €647 | €2,446 | +€1,799 | +278% |
| Recurring financial income | 75 | €647 | €2,446 | +€1,799 | +278% |
| Financial charges | 65/66B | €125 | €465 | +€340 | +271% |
| Recurring financial charges | 65 | €125 | €465 | +€340 | +271% |
| Profit (loss) for the period before taxes | 9903 | €183,287 | €152,224 | -€31,063 | -16.9% |
| Income taxes | 67/77 | €55,896 | €45,887 | -€10,009 | -17.9% |
| Profit (loss) for the period | 9904 | €127,391 | €106,338 | -€21,053 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,391 | €106,338 | -€21,053 | -16.5% |
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 13 October 2026 via checked.be.