TVP ASPESLAGH: 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.
TVP ASPESLAGH
Largest movements
- Cash +€25,590
up €25,590 (+29.7%), from €86,297 to €111,888
mainly Net result for the year (+€26,391) and Depreciation (+€19,497)
- Tangible fixed assets -€19,497
down €19,497 (-30.5%), from €63,898 to €44,400
- Current investments +€5,000
up €5,000 (+1.6%), from €312,605 to €317,605
- Reserves +€26,000
up €26,000 (+6.7%), from €390,000 to €416,000
of which Distributable reserves: +€26,000
- Other debts -€7,378
down €7,378 (-81.9%), from €9,011 to €1,633
- Gross operating margin -€26,351
down €26,351 (-31.0%), from €85,032 to €58,681
- Taxes -€8,146
down €8,146 (-32.8%), from €24,821 to €16,674
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 | €462,800 | €476,697 | +€13,897 | +3.0% |
| Fixed assets | 21/28 | €63,898 | €44,400 | -€19,497 | -30.5% |
| Tangible fixed assets | 22/27 | €63,898 | €44,400 | -€19,497 | -30.5% |
| Furniture and vehicles | 24 | €63,898 | €44,400 | -€19,497 | -30.5% |
| Current assets | 29/58 | €398,903 | €432,297 | +€33,394 | +8.4% |
| Amounts receivable within one year | 40/41 | - | €2,804 | +€2,804 | |
| Trade receivables | 40 | - | €866 | +€866 | |
| Other amounts receivable | 41 | - | €1,939 | +€1,939 | |
| Current investments | 50/53 | €312,605 | €317,605 | +€5,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €86,297 | €111,888 | +€25,590 | +29.7% |
| Total equity and liabilities | 10/49 | €462,800 | €476,697 | +€13,897 | +3.0% |
| Equity | 10/15 | €444,358 | €470,750 | +€26,391 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €390,000 | €416,000 | +€26,000 | +6.7% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €370,000 | €396,000 | +€26,000 | +7.0% |
| Profit (loss) carried forward | 14 | €34,358 | €34,750 | +€391 | +1.1% |
| Amounts payable | 17/49 | €18,442 | €5,948 | -€12,494 | -67.7% |
| Amounts payable within one year | 42/48 | €18,442 | €5,948 | -€12,494 | -67.7% |
| Trade debts | 44 | €6,179 | €3,392 | -€2,787 | -45.1% |
| Suppliers | 440/4 | €6,179 | €3,392 | -€2,787 | -45.1% |
| Taxes, remuneration and social security | 45 | €3,252 | €922 | -€2,330 | -71.6% |
| Taxes | 450/3 | €3,252 | €922 | -€2,330 | -71.6% |
| Other amounts payable | 47/48 | €9,011 | €1,633 | -€7,378 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,497 | €19,497 | = | 0.0% |
| Other operating charges | 640/8 | €976 | €1,115 | +€139 | +14.3% |
| Gross operating margin | 9900 | €85,032 | €58,681 | -€26,351 | -31.0% |
| Operating profit (loss) | 9901 | €64,559 | €38,069 | -€26,490 | -41.0% |
| Financial income | 75/76B | €6,148 | €5,764 | -€383 | -6.2% |
| Recurring financial income | 75 | €6,148 | €5,764 | -€383 | -6.2% |
| Financial charges | 65/66B | €800 | €768 | -€33 | -4.1% |
| Recurring financial charges | 65 | €800 | €768 | -€33 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €69,906 | €43,066 | -€26,841 | -38.4% |
| Income taxes | 67/77 | €24,821 | €16,674 | -€8,146 | -32.8% |
| Profit (loss) for the period | 9904 | €45,086 | €26,391 | -€18,694 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,086 | €26,391 | -€18,694 | -41.5% |
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.