TVH Technologies: 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 Technologies
Largest movements
- Receivables after one year +€95,000
new in 2025: €95,000
- Receivables within one year +€12,096
up €12,096 (+4,858%), from €249 to €12,345
of which Trade receivables: +€10,833
- Cash -€9,732
down €9,732 (-32.0%), from €30,383 to €20,651
mainly Receivables after one year (-€95,000) and Receivables within one year (-€12,096)
- Reserves +€86,945
up €86,945 (+370%), from €23,513 to €110,457
- Tax, wage and social debts +€10,666
up €10,666 (+181%), from €5,878 to €16,544
- Gross operating margin +€79,659
up €79,659 (+269%), from €29,560 to €109,219
- Taxes +€16,666
up €16,666 (+284%), from €5,878 to €22,544
- Financial income +€1,326
up €1,326 (+13,260,300%), from €0 to €1,326
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 | €32,406 | €130,176 | +€97,770 | +302% |
| Fixed assets | 21/28 | €1,774 | €2,179 | +€405 | +22.8% |
| Tangible fixed assets | 22/27 | €1,774 | €2,179 | +€405 | +22.8% |
| Plant, machinery and equipment | 23 | €1,774 | €2,179 | +€405 | +22.8% |
| Current assets | 29/58 | €30,631 | €127,996 | +€97,365 | +318% |
| Amounts receivable after more than one year | 29 | - | €95,000 | +€95,000 | |
| Other amounts receivable | 291 | - | €95,000 | +€95,000 | |
| Amounts receivable within one year | 40/41 | €249 | €12,345 | +€12,096 | +4,858% |
| Trade receivables | 40 | - | €10,833 | +€10,833 | |
| Other amounts receivable | 41 | €249 | €1,512 | +€1,263 | +507% |
| Cash at bank and in hand | 54/58 | €30,383 | €20,651 | -€9,732 | -32.0% |
| Total equity and liabilities | 10/49 | €32,406 | €130,176 | +€97,770 | +302% |
| Equity | 10/15 | €26,513 | €113,457 | +€86,945 | +328% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,513 | €110,457 | +€86,945 | +370% |
| Distributable reserves | 133 | €23,513 | €110,457 | +€86,945 | +370% |
| Amounts payable | 17/49 | €5,893 | €16,718 | +€10,825 | +184% |
| Amounts payable within one year | 42/48 | €5,893 | €16,718 | +€10,825 | +184% |
| Trade debts | 44 | €15 | €174 | +€159 | +1,062% |
| Suppliers | 440/4 | €15 | €174 | +€159 | +1,062% |
| Taxes, remuneration and social security | 45 | €5,878 | €16,544 | +€10,666 | +181% |
| Taxes | 450/3 | €5,878 | €16,544 | +€10,666 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €751 | +€592 | +373% |
| Other operating charges | 640/8 | - | €195 | +€195 | |
| Gross operating margin | 9900 | €29,560 | €109,219 | +€79,659 | +269% |
| Operating profit (loss) | 9901 | €29,401 | €108,273 | +€78,872 | +268% |
| Financial income | 75/76B | €0 | €1,326 | +€1,326 | +13,260,300% |
| Recurring financial income | 75 | €0 | €1,326 | +€1,326 | +13,260,300% |
| Financial charges | 65/66B | €10 | €110 | +€100 | +993% |
| Recurring financial charges | 65 | €10 | €110 | +€100 | +993% |
| Profit (loss) for the period before taxes | 9903 | €29,391 | €109,489 | +€80,098 | +273% |
| Income taxes | 67/77 | €5,878 | €22,544 | +€16,666 | +284% |
| Profit (loss) for the period | 9904 | €23,513 | €86,945 | +€63,432 | +270% |
| Profit (loss) for the period to be appropriated | 9905 | €23,513 | €86,945 | +€63,432 | +270% |
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 19 October 2026 via checked.be.