TVD CONSULT: 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.
TVD CONSULT
Largest movements
- Cash +€15,221
up €15,221 (+17.4%), from €87,546 to €102,767
mainly Net result for the year (+€35,685)
- Receivables within one year +€9,979
up €9,979 (+91.0%), from €10,968 to €20,947
of which Other amounts receivable: +€5,350
- Reserves +€35,685
up €35,685 (+47.2%), from €75,624 to €111,309
of which Distributable reserves: +€35,685
- Tax, wage and social debts -€10,120
down €10,120 (-65.9%), from €15,357 to €5,238
- Gross operating margin +€36,510
up €36,510 (+261.3%), from €13,971 to €50,481
- Taxes +€12,597
up €12,597 (+967.2%), from €1,302 to €13,900
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 | €98,514 | €123,714 | +€25,200 | +25.6% |
| Current assets | 29/58 | €98,514 | €123,714 | +€25,200 | +25.6% |
| Amounts receivable within one year | 40/41 | €10,968 | €20,947 | +€9,979 | +91.0% |
| Trade receivables | 40 | €4,901 | €9,529 | +€4,628 | +94.4% |
| Other amounts receivable | 41 | €6,068 | €11,418 | +€5,350 | +88.2% |
| Cash at bank and in hand | 54/58 | €87,546 | €102,767 | +€15,221 | +17.4% |
| Total equity and liabilities | 10/49 | €98,514 | €123,714 | +€25,200 | +25.6% |
| Equity | 10/15 | €81,824 | €117,509 | +€35,685 | +43.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,624 | €111,309 | +€35,685 | +47.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,764 | €109,449 | +€35,685 | +48.4% |
| Amounts payable | 17/49 | €16,690 | €6,204 | -€10,486 | -62.8% |
| Amounts payable within one year | 42/48 | €16,690 | €6,204 | -€10,486 | -62.8% |
| Trade debts | 44 | €1,332 | €966 | -€366 | -27.5% |
| Suppliers | 440/4 | €1,332 | €966 | -€366 | -27.5% |
| Taxes, remuneration and social security | 45 | €15,357 | €5,238 | -€10,120 | -65.9% |
| Taxes | 450/3 | €15,357 | €5,238 | -€10,120 | -65.9% |
| Other operating charges | 640/8 | €879 | €851 | -€28 | -3.2% |
| Gross operating margin | 9900 | €13,971 | €50,481 | +€36,510 | +261.3% |
| Operating profit (loss) | 9901 | €13,092 | €49,630 | +€36,538 | +279.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,047 | €49,585 | +€36,538 | +280.0% |
| Income taxes | 67/77 | €1,302 | €13,900 | +€12,597 | +967.2% |
| Profit (loss) for the period | 9904 | €11,745 | €35,685 | +€23,941 | +203.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,745 | €35,685 | +€23,941 | +203.8% |
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.