TVE 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.
TVE CONSULTING
Largest movements
- Cash +€27,511
up €27,511 (+92.4%), from €29,769 to €57,280
mainly Net result for the year (+€69,166) and Depreciation (+€15,801)
- Receivables within one year +€27,037
up €27,037 (+152%), from €17,799 to €44,836
of which Trade receivables: +€25,582
- Tangible fixed assets -€14,838
down €14,838 (-6.7%), from €221,080 to €206,243
of which Land and buildings: -€13,451
- Reserves +€69,166
up €69,166 (+52.3%), from €132,222 to €201,388
- Debts after one year -€25,739
down €25,739 (-28.6%), from €90,036 to €64,298
- Other debts -€10,311
no longer reported in 2025 (was €10,311)
- Tax, wage and social debts +€6,843
up €6,843 (+54.1%), from €12,659 to €19,502
- Gross operating margin +€40,994
up €40,994 (+54.6%), from €75,064 to €116,058
- Taxes +€6,017
up €6,017 (+32.2%), from €18,697 to €24,713
- Depreciation +€1,219
up €1,219 (+8.4%), from €14,582 to €15,801
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 | €299,648 | €338,358 | +€38,710 | +12.9% |
| Fixed assets | 21/28 | €221,080 | €206,243 | -€14,838 | -6.7% |
| Tangible fixed assets | 22/27 | €221,080 | €206,243 | -€14,838 | -6.7% |
| Land and buildings | 22 | €217,006 | €203,555 | -€13,451 | -6.2% |
| Plant, machinery and equipment | 23 | €468 | €998 | +€530 | +113% |
| Furniture and vehicles | 24 | €3,607 | €1,690 | -€1,917 | -53.2% |
| Current assets | 29/58 | €78,567 | €132,115 | +€53,548 | +68.2% |
| Amounts receivable within one year | 40/41 | €17,799 | €44,836 | +€27,037 | +152% |
| Trade receivables | 40 | €16,419 | €42,000 | +€25,582 | +156% |
| Other amounts receivable | 41 | €1,380 | €2,836 | +€1,456 | +106% |
| Current investments | 50/53 | €31,000 | €30,000 | -€1,000 | -3.2% |
| Cash at bank and in hand | 54/58 | €29,769 | €57,280 | +€27,511 | +92.4% |
| Total equity and liabilities | 10/49 | €299,648 | €338,358 | +€38,710 | +12.9% |
| Equity | 10/15 | €150,822 | €219,988 | +€69,166 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,222 | €201,388 | +€69,166 | +52.3% |
| Distributable reserves | 133 | €132,222 | €201,388 | +€69,166 | +52.3% |
| Amounts payable | 17/49 | €148,826 | €118,370 | -€30,456 | -20.5% |
| Amounts payable after more than one year | 17 | €90,036 | €64,298 | -€25,739 | -28.6% |
| Financial debts | 170/4 | €90,036 | €64,298 | -€25,739 | -28.6% |
| Amounts payable within one year | 42/48 | €57,990 | €53,272 | -€4,718 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €32,264 | €31,842 | -€422 | -1.3% |
| Trade debts | 44 | €2,756 | €1,928 | -€828 | -30.0% |
| Suppliers | 440/4 | €2,756 | €1,928 | -€828 | -30.0% |
| Taxes, remuneration and social security | 45 | €12,659 | €19,502 | +€6,843 | +54.1% |
| Taxes | 450/3 | €12,659 | €19,502 | +€6,843 | +54.1% |
| Other amounts payable | 47/48 | €10,311 | - | -€10,311 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,582 | €15,801 | +€1,219 | +8.4% |
| Other operating charges | 640/8 | €3,635 | €2,565 | -€1,070 | -29.4% |
| Gross operating margin | 9900 | €75,064 | €116,058 | +€40,994 | +54.6% |
| Operating profit (loss) | 9901 | €56,847 | €97,692 | +€40,845 | +71.9% |
| Financial income | 75/76B | €0 | €236 | +€236 | +214,091% |
| Recurring financial income | 75 | €0 | €236 | +€236 | +214,091% |
| Financial charges | 65/66B | €4,851 | €4,048 | -€802 | -16.5% |
| Recurring financial charges | 65 | €4,851 | €4,048 | -€802 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €51,997 | €93,880 | +€41,883 | +80.5% |
| Income taxes | 67/77 | €18,697 | €24,713 | +€6,017 | +32.2% |
| Profit (loss) for the period | 9904 | €33,300 | €69,166 | +€35,866 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €33,300 | €69,166 | +€35,866 | +108% |
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 26 October 2026 via checked.be.