TVH HOLDING: 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 HOLDING
Largest movements
- Stocks and contracts +€302,293
up €302,293 (+65.9%), from €458,469 to €760,762
- Receivables within one year -€64,509
down €64,509 (-34.9%), from €184,687 to €120,178
of which Other amounts receivable: -€75,591
- Tangible fixed assets -€22,352
down €22,352 (-3.2%), from €707,814 to €685,462
of which Leasing and similar rights: -€12,013
- Advances received -€204,857
no longer reported in 2024 (was €204,857)
- Other debts +€136,711
up €136,711 (+893%), from €15,316 to €152,027
- Debts after one year +€130,198
up €130,198 (+21.5%), from €604,253 to €734,451
- Trade debts +€107,189
up €107,189 (+171%), from €62,558 to €169,747
- Profit (loss) carried forward +€29,713
up €29,713 (+12.1%), from €245,271 to €274,984
- Gross operating margin +€106,638
up €106,638 (+39.6%), from €269,544 to €376,182
- Staff costs +€87,034
up €87,034 (+65.3%), from €133,217 to €220,251
- Other operating charges +€11,485
up €11,485 (+392%), from €2,928 to €14,413
- Financial charges +€10,040
up €10,040 (+22.8%), from €44,057 to €54,097
- Taxes +€4,749
up €4,749 (+43.5%), from €10,905 to €15,653
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,560 | €1,600,971 | +€220,410 | +16.0% |
| Fixed assets | 21/28 | €711,244 | €690,764 | -€20,480 | -2.9% |
| Intangible fixed assets | 21 | €3,430 | €5,303 | +€1,873 | +54.6% |
| Tangible fixed assets | 22/27 | €707,814 | €685,462 | -€22,352 | -3.2% |
| Land and buildings | 22 | €640,638 | €636,073 | -€4,566 | -0.7% |
| Plant, machinery and equipment | 23 | €3,054 | €2,105 | -€949 | -31.1% |
| Furniture and vehicles | 24 | €22,940 | €18,795 | -€4,145 | -18.1% |
| Leasing and similar rights | 25 | €36,092 | €24,079 | -€12,013 | -33.3% |
| Other tangible fixed assets | 26 | €5,090 | €4,410 | -€680 | -13.4% |
| Current assets | 29/58 | €669,316 | €910,207 | +€240,890 | +36.0% |
| Stocks and contracts in progress | 3 | €458,469 | €760,762 | +€302,293 | +65.9% |
| Contracts in progress | 37 | €458,469 | €760,762 | +€302,293 | +65.9% |
| Amounts receivable within one year | 40/41 | €184,687 | €120,178 | -€64,509 | -34.9% |
| Trade receivables | 40 | €90,818 | €101,900 | +€11,082 | +12.2% |
| Other amounts receivable | 41 | €93,869 | €18,278 | -€75,591 | -80.5% |
| Cash at bank and in hand | 54/58 | €6,820 | - | -€6,820 | |
| Deferred charges and accrued income | 490/1 | €19,341 | €29,267 | +€9,927 | +51.3% |
| Total equity and liabilities | 10/49 | €1,380,560 | €1,600,971 | +€220,410 | +16.0% |
| Equity | 10/15 | €245,771 | €275,484 | +€29,713 | +12.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,271 | €274,984 | +€29,713 | +12.1% |
| Amounts payable | 17/49 | €1,134,789 | €1,325,486 | +€190,697 | +16.8% |
| Amounts payable after more than one year | 17 | €604,253 | €734,451 | +€130,198 | +21.5% |
| Financial debts | 170/4 | €604,253 | €734,451 | +€130,198 | +21.5% |
| Amounts payable within one year | 42/48 | €530,536 | €591,035 | +€60,499 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €35,977 | €42,354 | +€6,378 | +17.7% |
| Financial debts | 43 | €122,671 | €118,518 | -€4,153 | -3.4% |
| Credit institutions | 430/8 | €122,671 | €118,518 | -€4,153 | -3.4% |
| Trade debts | 44 | €62,558 | €169,747 | +€107,189 | +171% |
| Suppliers | 440/4 | €62,558 | €169,747 | +€107,189 | +171% |
| Advances received on contracts in progress | 46 | €204,857 | - | -€204,857 | |
| Taxes, remuneration and social security | 45 | €89,158 | €108,389 | +€19,230 | +21.6% |
| Taxes | 450/3 | €74,471 | €94,754 | +€20,283 | +27.2% |
| Remuneration and social security | 454/9 | €14,688 | €13,635 | -€1,053 | -7.2% |
| Other amounts payable | 47/48 | €15,316 | €152,027 | +€136,711 | +893% |
| Remuneration, social security and pensions | 62 | €133,217 | €220,251 | +€87,034 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,565 | €42,054 | +€489 | +1.2% |
| Other operating charges | 640/8 | €2,928 | €14,413 | +€11,485 | +392% |
| Gross operating margin | 9900 | €269,544 | €376,182 | +€106,638 | +39.6% |
| Operating profit (loss) | 9901 | €91,834 | €99,463 | +€7,629 | +8.3% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €44,057 | €54,097 | +€10,040 | +22.8% |
| Recurring financial charges | 65 | €44,057 | €54,097 | +€10,040 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €47,877 | €45,366 | -€2,510 | -5.2% |
| Income taxes | 67/77 | €10,905 | €15,653 | +€4,749 | +43.5% |
| Profit (loss) for the period | 9904 | €36,972 | €29,713 | -€7,259 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,972 | €29,713 | -€7,259 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.