TVDE: 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.
TVDE
Largest movements
- Cash -€124,687
down €124,687 (-95.0%), from €131,311 to €6,624
mainly Contributions, distributions and other (-€157,000) and Investment in fixed assets (net) (-€26,399)
- Tangible fixed assets +€22,807
up €22,807 (+62.7%), from €36,353 to €59,160
of which Furniture and vehicles: +€15,579
- Receivables within one year +€5,674
up €5,674 (+53.7%), from €10,568 to €16,242
of which Trade receivables: +€4,734
- Profit (loss) carried forward -€137,820
down €137,820 (-99.9%), from €137,933 to €113
- Debts after one year +€19,196
up €19,196 (+197.1%), from €9,741 to €28,937
- Other debts +€18,861
new in 2025: €18,861
- Current portion of long-term debt +€5,240
up €5,240 (+37.4%), from €14,013 to €19,253
- Tax, wage and social debts -€3,557
down €3,557 (-33.4%), from €10,654 to €7,097
- Gross operating margin -€14,368
down €14,368 (-22.4%), from €64,040 to €49,672
- Other operating charges +€9,846
up €9,846 (+201.1%), from €4,895 to €14,742
- Depreciation -€6,422
down €6,422 (-64.1%), from €10,014 to €3,592
- Taxes -€1,341
down €1,341 (-11.1%), from €12,040 to €10,698
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 | €179,489 | €83,377 | -€96,112 | -53.5% |
| Fixed assets | 21/28 | €36,353 | €59,160 | +€22,807 | +62.7% |
| Tangible fixed assets | 22/27 | €36,353 | €59,160 | +€22,807 | +62.7% |
| Plant, machinery and equipment | 23 | - | €7,228 | +€7,228 | |
| Furniture and vehicles | 24 | €36,353 | €51,932 | +€15,579 | +42.9% |
| Current assets | 29/58 | €143,136 | €24,218 | -€118,919 | -83.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,568 | €16,242 | +€5,674 | +53.7% |
| Trade receivables | 40 | €10,206 | €14,940 | +€4,734 | +46.4% |
| Other amounts receivable | 41 | €362 | €1,302 | +€940 | +260.0% |
| Cash at bank and in hand | 54/58 | €131,311 | €6,624 | -€124,687 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,257 | €1,352 | +€94 | +7.5% |
| Total equity and liabilities | 10/49 | €179,489 | €83,377 | -€96,112 | -53.5% |
| Equity | 10/15 | €140,933 | €3,113 | -€137,820 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,933 | €113 | -€137,820 | -99.9% |
| Amounts payable | 17/49 | €38,556 | €80,265 | +€41,709 | +108.2% |
| Amounts payable after more than one year | 17 | €9,741 | €28,937 | +€19,196 | +197.1% |
| Financial debts | 170/4 | €9,741 | €28,937 | +€19,196 | +197.1% |
| Amounts payable within one year | 42/48 | €28,815 | €51,239 | +€22,424 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | €14,013 | €19,253 | +€5,240 | +37.4% |
| Trade debts | 44 | €4,148 | €6,028 | +€1,880 | +45.3% |
| Suppliers | 440/4 | €4,148 | €6,028 | +€1,880 | +45.3% |
| Taxes, remuneration and social security | 45 | €10,654 | €7,097 | -€3,557 | -33.4% |
| Taxes | 450/3 | €10,654 | €7,097 | -€3,557 | -33.4% |
| Other amounts payable | 47/48 | - | €18,861 | +€18,861 | |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,014 | €3,592 | -€6,422 | -64.1% |
| Other operating charges | 640/8 | €4,895 | €14,742 | +€9,846 | +201.1% |
| Gross operating margin | 9900 | €64,040 | €49,672 | -€14,368 | -22.4% |
| Operating profit (loss) | 9901 | €49,131 | €31,338 | -€17,792 | -36.2% |
| Financial income | 75/76B | €104 | - | -€104 | |
| Recurring financial income | 75 | €104 | - | -€104 | |
| Financial charges | 65/66B | €1,756 | €1,460 | -€295 | -16.8% |
| Recurring financial charges | 65 | €1,756 | €1,460 | -€295 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €47,480 | €29,878 | -€17,601 | -37.1% |
| Income taxes | 67/77 | €12,040 | €10,698 | -€1,341 | -11.1% |
| Profit (loss) for the period | 9904 | €35,440 | €19,180 | -€16,260 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,440 | €19,180 | -€16,260 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.