TVDW-Trans: 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.
TVDW-Trans
Largest movements
- Tangible fixed assets -€57,746
down €57,746 (-32.5%), from €177,801 to €120,055
of which Furniture and vehicles: -€38,100
- Cash +€23,404
up €23,404 (+15.2%), from €153,962 to €177,366
mainly Depreciation (+€59,223) and Net result for the year (+€24,354)
- Receivables within one year +€9,809
up €9,809 (+44.0%), from €22,270 to €32,080
of which Other amounts receivable: +€9,571
- Debts after one year -€42,014
down €42,014 (-45.4%), from €92,591 to €50,577
- Profit (loss) carried forward +€24,354
up €24,354 (+15.4%), from €157,677 to €182,031
- Tax, wage and social debts -€5,435
down €5,435 (-14.3%), from €37,924 to €32,489
- Current portion of long-term debt -€4,301
down €4,301 (-9.3%), from €46,315 to €42,014
- Gross operating margin +€5,504
up €5,504 (+5.2%), from €105,419 to €110,923
- Depreciation +€2,294
up €2,294 (+4.0%), from €56,929 to €59,223
- Financial charges -€1,689
down €1,689 (-24.9%), from €6,788 to €5,100
- Financial income +€1,200
up €1,200 (+12,003,700%), from €0 to €1,200
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 | €357,784 | €331,228 | -€26,557 | -7.4% |
| Fixed assets | 21/28 | €177,936 | €120,190 | -€57,746 | -32.5% |
| Tangible fixed assets | 22/27 | €177,801 | €120,055 | -€57,746 | -32.5% |
| Plant, machinery and equipment | 23 | €4,368 | €3,923 | -€445 | -10.2% |
| Furniture and vehicles | 24 | €143,134 | €105,034 | -€38,100 | -26.6% |
| Leasing and similar rights | 25 | €30,299 | €11,099 | -€19,200 | -63.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €179,848 | €211,037 | +€31,189 | +17.3% |
| Amounts receivable within one year | 40/41 | €22,270 | €32,080 | +€9,809 | +44.0% |
| Trade receivables | 40 | - | €239 | +€239 | |
| Other amounts receivable | 41 | €22,270 | €31,841 | +€9,571 | +43.0% |
| Cash at bank and in hand | 54/58 | €153,962 | €177,366 | +€23,404 | +15.2% |
| Deferred charges and accrued income | 490/1 | €3,615 | €1,591 | -€2,024 | -56.0% |
| Total equity and liabilities | 10/49 | €357,784 | €331,228 | -€26,557 | -7.4% |
| Equity | 10/15 | €176,227 | €200,581 | +€24,354 | +13.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,677 | €182,031 | +€24,354 | +15.4% |
| Amounts payable | 17/49 | €181,557 | €130,647 | -€50,910 | -28.0% |
| Amounts payable after more than one year | 17 | €92,591 | €50,577 | -€42,014 | -45.4% |
| Financial debts | 170/4 | €92,591 | €50,577 | -€42,014 | -45.4% |
| Amounts payable within one year | 42/48 | €88,966 | €80,070 | -€8,896 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €46,315 | €42,014 | -€4,301 | -9.3% |
| Trade debts | 44 | €4,727 | €5,566 | +€840 | +17.8% |
| Suppliers | 440/4 | €4,727 | €5,566 | +€840 | +17.8% |
| Taxes, remuneration and social security | 45 | €37,924 | €32,489 | -€5,435 | -14.3% |
| Taxes | 450/3 | €37,924 | €32,489 | -€5,435 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,929 | €59,223 | +€2,294 | +4.0% |
| Other operating charges | 640/8 | €13,567 | €13,513 | -€54 | -0.4% |
| Gross operating margin | 9900 | €105,419 | €110,923 | +€5,504 | +5.2% |
| Operating profit (loss) | 9901 | €34,923 | €38,187 | +€3,264 | +9.3% |
| Financial income | 75/76B | €0 | €1,200 | +€1,200 | +12,003,700% |
| Recurring financial income | 75 | €0 | €1,200 | +€1,200 | +12,003,700% |
| Financial charges | 65/66B | €6,788 | €5,100 | -€1,689 | -24.9% |
| Recurring financial charges | 65 | €6,788 | €5,100 | -€1,689 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €28,134 | €34,287 | +€6,153 | +21.9% |
| Income taxes | 67/77 | €9,864 | €9,934 | +€69 | +0.7% |
| Profit (loss) for the period | 9904 | €18,270 | €24,354 | +€6,084 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,270 | €24,354 | +€6,084 | +33.3% |
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 29 October 2026 via checked.be.