TVJO Vastgoed: 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.
TVJO Vastgoed
Largest movements
- Tangible fixed assets +€378,973
up €378,973 (+22.2%), from €1.7m to €2.1m
- Other debts +€529,191
up €529,191 (+28.9%), from €1.8m to €2.4m
- Debts after one year -€116,112
down €116,112 (-13.8%), from €842,112 to €726,000
- Gross operating margin +€95,314
up €95,314 (+138%), from €68,860 to €164,175
- Financial charges +€79,803
up €79,803 (+223%), from €35,745 to €115,547
- Depreciation -€24,399
down €24,399 (-28.0%), from €87,210 to €62,812
- Other operating charges +€4,639
up €4,639 (+47.3%), from €9,806 to €14,445
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 | €2,833,814 | €3,243,842 | +€410,028 | +14.5% |
| Fixed assets | 21/28 | €1,707,409 | €2,086,707 | +€379,298 | +22.2% |
| Tangible fixed assets | 22/27 | €1,707,409 | €2,086,382 | +€378,973 | +22.2% |
| Land and buildings | 22 | €1,707,409 | €2,086,382 | +€378,973 | +22.2% |
| Financial fixed assets | 28 | - | €325 | +€325 | |
| Current assets | 29/58 | €1,126,405 | €1,157,135 | +€30,730 | +2.7% |
| Stocks and contracts in progress | 3 | €1,056,726 | €1,056,726 | = | 0.0% |
| Stocks | 30/36 | €1,056,726 | €1,056,726 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,218 | €19,249 | +€4,031 | +26.5% |
| Trade receivables | 40 | €15,218 | €19,249 | +€4,031 | +26.5% |
| Cash at bank and in hand | 54/58 | €51,904 | €78,859 | +€26,955 | +51.9% |
| Deferred charges and accrued income | 490/1 | €2,558 | €2,301 | -€256 | -10.0% |
| Total equity and liabilities | 10/49 | €2,833,814 | €3,243,842 | +€410,028 | +14.5% |
| Equity | 10/15 | €36,100 | €7,471 | -€28,629 | -79.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,900 | -€92,529 | -€28,629 | -44.8% |
| Amounts payable | 17/49 | €2,797,714 | €3,236,371 | +€438,657 | +15.7% |
| Amounts payable after more than one year | 17 | €842,112 | €726,000 | -€116,112 | -13.8% |
| Financial debts | 170/4 | €842,112 | €726,000 | -€116,112 | -13.8% |
| Amounts payable within one year | 42/48 | €1,955,603 | €2,510,371 | +€554,769 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €112,236 | €125,611 | +€13,375 | +11.9% |
| Trade debts | 44 | €12,190 | €24,251 | +€12,061 | +98.9% |
| Suppliers | 440/4 | €12,190 | €24,251 | +€12,061 | +98.9% |
| Taxes, remuneration and social security | 45 | €1,326 | €1,468 | +€142 | +10.7% |
| Taxes | 450/3 | €1,326 | €1,468 | +€142 | +10.7% |
| Other amounts payable | 47/48 | €1,829,850 | €2,359,041 | +€529,191 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,210 | €62,812 | -€24,399 | -28.0% |
| Other operating charges | 640/8 | €9,806 | €14,445 | +€4,639 | +47.3% |
| Gross operating margin | 9900 | €68,860 | €164,175 | +€95,314 | +138% |
| Operating profit (loss) | 9901 | -€28,156 | €86,918 | +€115,074 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €35,745 | €115,547 | +€79,803 | +223% |
| Recurring financial charges | 65 | €35,745 | €115,547 | +€79,803 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€63,900 | -€28,629 | +€35,271 | +55.2% |
| Profit (loss) for the period | 9904 | -€63,900 | -€28,629 | +€35,271 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,900 | -€28,629 | +€35,271 | +55.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.