TVP - RENT: 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 - RENT
Largest movements
- Cash +€30,258
up €30,258 (+33.7%), from €89,707 to €119,965
mainly Net result for the year (+€31,132) and Depreciation (+€22,716)
- Tangible fixed assets -€22,716
down €22,716 (-4.9%), from €464,733 to €442,016
of which Land and buildings: -€20,370
- Reserves +€13,132
up €13,132 (+5.6%), from €236,197 to €249,329
of which Distributable reserves: +€13,132
- Debts after one year -€9,654
down €9,654 (-8.0%), from €120,776 to €111,121
of which Financial debts: -€10,804
- Other debts +€6,025
up €6,025 (+52.4%), from €11,490 to €17,515
- Gross operating margin -€10,232
down €10,232 (-10.8%), from €94,629 to €84,397
- Taxes -€2,275
down €2,275 (-13.2%), from €17,223 to €14,948
- Other operating charges +€1,914
up €1,914 (+18.0%), from €10,632 to €12,545
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 | €562,089 | €567,640 | +€5,551 | +1.0% |
| Fixed assets | 21/28 | €464,733 | €442,016 | -€22,716 | -4.9% |
| Tangible fixed assets | 22/27 | €464,733 | €442,016 | -€22,716 | -4.9% |
| Land and buildings | 22 | €455,007 | €434,637 | -€20,370 | -4.5% |
| Plant, machinery and equipment | 23 | €9,726 | €7,380 | -€2,346 | -24.1% |
| Current assets | 29/58 | €97,356 | €125,624 | +€28,267 | +29.0% |
| Amounts receivable within one year | 40/41 | €470 | €570 | +€100 | +21.3% |
| Trade receivables | 40 | €200 | €200 | = | 0.0% |
| Other amounts receivable | 41 | €270 | €370 | +€100 | +37.0% |
| Current investments | 50/53 | €2,480 | €2,480 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,707 | €119,965 | +€30,258 | +33.7% |
| Deferred charges and accrued income | 490/1 | €4,700 | €2,609 | -€2,091 | -44.5% |
| Total equity and liabilities | 10/49 | €562,089 | €567,640 | +€5,551 | +1.0% |
| Equity | 10/15 | €407,520 | €420,652 | +€13,132 | +3.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €236,197 | €249,329 | +€13,132 | +5.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €243,132 | +€13,132 | +5.7% |
| Profit (loss) carried forward | 14 | €109,349 | €109,349 | = | 0.0% |
| Amounts payable | 17/49 | €154,570 | €146,988 | -€7,581 | -4.9% |
| Amounts payable after more than one year | 17 | €120,776 | €111,121 | -€9,654 | -8.0% |
| Financial debts | 170/4 | €96,696 | €85,892 | -€10,804 | -11.2% |
| Other amounts payable | 178/9 | €24,080 | €25,230 | +€1,150 | +4.8% |
| Amounts payable within one year | 42/48 | €32,599 | €34,592 | +€1,993 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €10,402 | €10,804 | +€402 | +3.9% |
| Trade debts | 44 | €1,755 | €1,573 | -€182 | -10.4% |
| Suppliers | 440/4 | €1,755 | €1,573 | -€182 | -10.4% |
| Taxes, remuneration and social security | 45 | €8,951 | €4,700 | -€4,252 | -47.5% |
| Taxes | 450/3 | €8,951 | €4,700 | -€4,252 | -47.5% |
| Other amounts payable | 47/48 | €11,490 | €17,515 | +€6,025 | +52.4% |
| Accrued charges and deferred income | 492/3 | €1,195 | €1,275 | +€80 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,054 | €22,716 | -€337 | -1.5% |
| Other operating charges | 640/8 | €10,632 | €12,545 | +€1,914 | +18.0% |
| Gross operating margin | 9900 | €94,629 | €84,397 | -€10,232 | -10.8% |
| Operating profit (loss) | 9901 | €60,944 | €49,135 | -€11,808 | -19.4% |
| Financial income | 75/76B | €906 | €908 | +€2 | +0.3% |
| Recurring financial income | 75 | €906 | €908 | +€2 | +0.3% |
| Financial charges | 65/66B | €4,351 | €3,964 | -€387 | -8.9% |
| Recurring financial charges | 65 | €4,351 | €3,964 | -€387 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €57,499 | €46,080 | -€11,419 | -19.9% |
| Income taxes | 67/77 | €17,223 | €14,948 | -€2,275 | -13.2% |
| Profit (loss) for the period | 9904 | €40,276 | €31,132 | -€9,144 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,276 | €31,132 | -€9,144 | -22.7% |
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 30 October 2026 via checked.be.