TVMC: 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.
TVMC
Largest movements
- Deferred charges and accrued income +€71,259
up €71,259 (+3078.8%), from €2,314 to €73,573
- Receivables within one year -€12,914
down €12,914 (-44.3%), from €29,171 to €16,257
of which Trade receivables: -€14,849
- Tangible fixed assets -€5,426
down €5,426 (-16.5%), from €32,891 to €27,465
of which Furniture and vehicles: -€6,059
- Other debts +€136,623
up €136,623 (+41965.6%), from €326 to €136,949
- Reserves -€76,500
down €76,500 (-99.7%), from €76,724 to €224
- Profit (loss) carried forward +€23,157
up €23,157, from €0 to €23,157
- Debts after one year -€19,741
down €19,741 (-34.6%), from €57,048 to €37,306
- Trade debts -€4,707
down €4,707 (-87.0%), from €5,408 to €702
- Financial income +€120,198
up €120,198 (+125900.8%), from €95 to €120,293
- Depreciation +€7,726
up €7,726 (+147.2%), from €5,247 to €12,973
- Taxes -€3,073
down €3,073 (-19.0%), from €16,182 to €13,108
- Gross operating margin -€2,560
down €2,560 (-3.9%), from €65,061 to €62,502
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.
Cash bridge derived
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 | €173,223 | €225,828 | +€52,605 | +30.4% |
| Fixed assets | 21/28 | €124,578 | €119,153 | -€5,426 | -4.4% |
| Tangible fixed assets | 22/27 | €32,891 | €27,465 | -€5,426 | -16.5% |
| Furniture and vehicles | 24 | €32,891 | €26,831 | -€6,059 | -18.4% |
| Other tangible fixed assets | 26 | - | €634 | +€634 | |
| Financial fixed assets | 28 | €91,688 | €91,688 | = | 0.0% |
| Current assets | 29/58 | €48,644 | €106,675 | +€58,031 | +119.3% |
| Amounts receivable within one year | 40/41 | €29,171 | €16,257 | -€12,914 | -44.3% |
| Trade receivables | 40 | €26,344 | €11,495 | -€14,849 | -56.4% |
| Other amounts receivable | 41 | €2,827 | €4,762 | +€1,935 | +68.4% |
| Cash at bank and in hand | 54/58 | €17,159 | €16,844 | -€315 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,314 | €73,573 | +€71,259 | +3078.8% |
| Total equity and liabilities | 10/49 | €173,223 | €225,828 | +€52,605 | +30.4% |
| Equity | 10/15 | €81,724 | €28,382 | -€53,343 | -65.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,724 | €224 | -€76,500 | -99.7% |
| Distributable reserves | 133 | €76,724 | €224 | -€76,500 | -99.7% |
| Profit (loss) carried forward | 14 | €0 | €23,157 | +€23,157 | |
| Amounts payable | 17/49 | €91,499 | €197,446 | +€105,947 | +115.8% |
| Amounts payable after more than one year | 17 | €57,048 | €37,306 | -€19,741 | -34.6% |
| Financial debts | 170/4 | €57,048 | €37,306 | -€19,741 | -34.6% |
| Amounts payable within one year | 42/48 | €34,451 | €160,140 | +€125,689 | +364.8% |
| Current portion of amounts payable after more than one year | 42 | €19,077 | €19,741 | +€664 | +3.5% |
| Financial debts | 43 | €2,520 | €226 | -€2,294 | -91.0% |
| Credit institutions | 430/8 | €2,520 | €226 | -€2,294 | -91.0% |
| Trade debts | 44 | €5,408 | €702 | -€4,707 | -87.0% |
| Suppliers | 440/4 | €5,408 | €702 | -€4,707 | -87.0% |
| Taxes, remuneration and social security | 45 | €7,120 | €2,522 | -€4,598 | -64.6% |
| Taxes | 450/3 | €7,120 | €2,522 | -€4,598 | -64.6% |
| Other amounts payable | 47/48 | €326 | €136,949 | +€136,623 | +41965.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,247 | €12,973 | +€7,726 | +147.2% |
| Other operating charges | 640/8 | €390 | €847 | +€456 | +117.0% |
| Gross operating margin | 9900 | €65,061 | €62,502 | -€2,560 | -3.9% |
| Operating profit (loss) | 9901 | €59,424 | €48,682 | -€10,741 | -18.1% |
| Financial income | 75/76B | €95 | €120,293 | +€120,198 | +125900.8% |
| Recurring financial income | 75 | €95 | €120,293 | +€120,198 | +125900.8% |
| Financial charges | 65/66B | €2,578 | €2,710 | +€131 | +5.1% |
| Recurring financial charges | 65 | €2,578 | €2,710 | +€131 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €56,941 | €166,266 | +€109,325 | +192.0% |
| Income taxes | 67/77 | €16,182 | €13,108 | -€3,073 | -19.0% |
| Profit (loss) for the period | 9904 | €40,759 | €153,157 | +€112,398 | +275.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,759 | €153,157 | +€112,398 | +275.8% |
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 12 October 2026 via checked.be.