TVG EVENTS: what changed
TVG EVENTS
Largest movements
- Receivables within one year +€803
up €803 (+574%), from €140 to €943
of which Trade receivables: +€848
- Cash -€757
down €757 (-94.2%), from €803 to €46
mainly Short-term financial debts (-€9,223) and Other debts (-€1,259)
- Stocks and contracts -€300
down €300 (-42.9%), from €700 to €400
- Deferred charges and accrued income +€278
up €278 (+85.1%), from €327 to €606
- Short-term financial debts -€9,223
no longer reported in 2025 (was €9,223)
- Accrued charges and deferred income +€8,346
new in 2025: €8,346
- Profit (loss) carried forward +€1,591
up €1,591 (+4.2%), from -€37,760 to -€36,170
- Other debts -€1,259
down €1,259 (-15.5%), from €8,111 to €6,852
- Tax, wage and social debts +€637
up €637 (+151%), from €422 to €1,059
- Depreciation -€514
no longer reported in 2025 (was €514)
- Financial charges -€142
down €142 (-8.5%), from €1,665 to €1,522
- Gross operating margin -€80
down €80 (-1.9%), from €4,175 to €4,095
- Other operating charges +€66
up €66 (+8.5%), from €775 to €842
- Taxes +€43
up €43 (+44.2%), from €98 to €141
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,970 | €1,995 | +€24 | +1.2% |
| Current assets | 29/58 | €1,970 | €1,995 | +€24 | +1.2% |
| Stocks and contracts in progress | 3 | €700 | €400 | -€300 | -42.9% |
| Stocks | 30/36 | €700 | €400 | -€300 | -42.9% |
| Amounts receivable within one year | 40/41 | €140 | €943 | +€803 | +574% |
| Trade receivables | 40 | - | €848 | +€848 | |
| Other amounts receivable | 41 | €140 | €95 | -€45 | -32.3% |
| Cash at bank and in hand | 54/58 | €803 | €46 | -€757 | -94.2% |
| Deferred charges and accrued income | 490/1 | €327 | €606 | +€278 | +85.1% |
| Total equity and liabilities | 10/49 | €1,970 | €1,995 | +€24 | +1.2% |
| Equity | 10/15 | -€17,300 | -€15,710 | +€1,591 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,760 | -€36,170 | +€1,591 | +4.2% |
| Amounts payable | 17/49 | €19,271 | €17,704 | -€1,566 | -8.1% |
| Amounts payable within one year | 42/48 | €19,271 | €9,359 | -€9,912 | -51.4% |
| Financial debts | 43 | €9,223 | - | -€9,223 | |
| Credit institutions | 430/8 | €9,223 | - | -€9,223 | |
| Trade debts | 44 | €1,515 | €1,448 | -€68 | -4.5% |
| Suppliers | 440/4 | €1,515 | €1,448 | -€68 | -4.5% |
| Taxes, remuneration and social security | 45 | €422 | €1,059 | +€637 | +151% |
| Taxes | 450/3 | €422 | €1,059 | +€637 | +151% |
| Other amounts payable | 47/48 | €8,111 | €6,852 | -€1,259 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €8,346 | +€8,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | - | -€514 | |
| Other operating charges | 640/8 | €775 | €842 | +€66 | +8.5% |
| Gross operating margin | 9900 | €4,175 | €4,095 | -€80 | -1.9% |
| Operating profit (loss) | 9901 | €2,886 | €3,254 | +€368 | +12.7% |
| Financial charges | 65/66B | €1,665 | €1,522 | -€142 | -8.5% |
| Recurring financial charges | 65 | €1,665 | €1,522 | -€142 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,221 | €1,731 | +€510 | +41.7% |
| Income taxes | 67/77 | €98 | €141 | +€43 | +44.2% |
| Profit (loss) for the period | 9904 | €1,124 | €1,591 | +€467 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,124 | €1,591 | +€467 | +41.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.