TVH CORP: 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.
TVH CORP
Largest movements
- Cash -€25,723
down €25,723 (-76.2%), from €33,746 to €8,023
mainly Other debts (-€25,335) and Contributions, distributions and other (-€14,500)
- Receivables within one year -€4,382
down €4,382 (-20.6%), from €21,322 to €16,940
of which Other amounts receivable: -€12,500
- Other debts -€25,335
down €25,335 (-65.2%), from €38,834 to €13,498
- Tax, wage and social debts -€2,840
down €2,840 (-23.8%), from €11,920 to €9,080
of which Remuneration and social security: -€2,296
- Trade debts -€1,704
down €1,704 (-46.3%), from €3,683 to €1,979
- Gross operating margin +€7,902
up €7,902 (+62.5%), from €12,652 to €20,554
- Taxes +€1,178
up €1,178 (+29.2%), from €4,040 to €5,218
- Depreciation -€774
down €774 (-82.1%), from €943 to €169
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 | €56,071 | €26,238 | -€29,833 | -53.2% |
| Fixed assets | 21/28 | €169 | €0 | -€169 | -100% |
| Tangible fixed assets | 22/27 | €169 | €0 | -€169 | -100% |
| Furniture and vehicles | 24 | €169 | €0 | -€169 | -100% |
| Current assets | 29/58 | €55,901 | €26,238 | -€29,663 | -53.1% |
| Amounts receivable within one year | 40/41 | €21,322 | €16,940 | -€4,382 | -20.6% |
| Trade receivables | 40 | €8,822 | €16,940 | +€8,118 | +92.0% |
| Other amounts receivable | 41 | €12,500 | €0 | -€12,500 | -100% |
| Cash at bank and in hand | 54/58 | €33,746 | €8,023 | -€25,723 | -76.2% |
| Deferred charges and accrued income | 490/1 | €834 | €1,275 | +€442 | +53.0% |
| Total equity and liabilities | 10/49 | €56,071 | €26,238 | -€29,833 | -53.2% |
| Equity | 10/15 | €1,634 | €1,681 | +€47 | +2.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134 | €181 | +€47 | +35.1% |
| Amounts payable | 17/49 | €54,437 | €24,557 | -€29,880 | -54.9% |
| Amounts payable within one year | 42/48 | €54,437 | €24,557 | -€29,880 | -54.9% |
| Trade debts | 44 | €3,683 | €1,979 | -€1,704 | -46.3% |
| Suppliers | 440/4 | €3,683 | €1,979 | -€1,704 | -46.3% |
| Taxes, remuneration and social security | 45 | €11,920 | €9,080 | -€2,840 | -23.8% |
| Taxes | 450/3 | €7,117 | €6,573 | -€544 | -7.6% |
| Remuneration and social security | 454/9 | €4,803 | €2,507 | -€2,296 | -47.8% |
| Other amounts payable | 47/48 | €38,834 | €13,498 | -€25,335 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €169 | -€774 | -82.1% |
| Gross operating margin | 9900 | €12,652 | €20,554 | +€7,902 | +62.5% |
| Operating profit (loss) | 9901 | €11,709 | €20,385 | +€8,676 | +74.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €683 | €621 | -€62 | -9.1% |
| Recurring financial charges | 65 | €683 | €621 | -€62 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €11,026 | €19,765 | +€8,739 | +79.3% |
| Income taxes | 67/77 | €4,040 | €5,218 | +€1,178 | +29.2% |
| Profit (loss) for the period | 9904 | €6,986 | €14,547 | +€7,561 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €6,986 | €14,547 | +€7,561 | +108% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.