TVP VANSTEENBEECK: 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 VANSTEENBEECK
Largest movements
- Cash +€45,794
up €45,794 (+50.0%), from €91,645 to €137,439
mainly Net result for the year (+€42,018) and Depreciation (+€20,389)
- Tangible fixed assets -€10,389
down €10,389 (-39.0%), from €26,635 to €16,246
of which Furniture and vehicles: -€9,439
- Intangible fixed assets -€10,000
down €10,000 (-51.0%), from €19,589 to €9,589
- Reserves +€41,500
up €41,500 (+43.7%), from €95,000 to €136,500
- Other debts -€11,009
down €11,009 (-71.2%), from €15,469 to €4,460
- Tax, wage and social debts -€6,083
down €6,083 (-24.3%), from €24,995 to €18,913
- Gross operating margin +€4,914
up €4,914 (+6.7%), from €73,799 to €78,714
- Taxes +€1,438
up €1,438 (+9.8%), from €14,745 to €16,183
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 | €138,473 | €163,384 | +€24,911 | +18.0% |
| Fixed assets | 21/28 | €46,224 | €25,835 | -€20,389 | -44.1% |
| Intangible fixed assets | 21 | €19,589 | €9,589 | -€10,000 | -51.0% |
| Tangible fixed assets | 22/27 | €26,635 | €16,246 | -€10,389 | -39.0% |
| Plant, machinery and equipment | 23 | €1,861 | €911 | -€950 | -51.0% |
| Furniture and vehicles | 24 | €24,774 | €15,335 | -€9,439 | -38.1% |
| Current assets | 29/58 | €92,249 | €137,549 | +€45,300 | +49.1% |
| Amounts receivable within one year | 40/41 | €604 | €110 | -€494 | -81.8% |
| Trade receivables | 40 | €604 | €110 | -€494 | -81.8% |
| Cash at bank and in hand | 54/58 | €91,645 | €137,439 | +€45,794 | +50.0% |
| Total equity and liabilities | 10/49 | €138,473 | €163,384 | +€24,911 | +18.0% |
| Equity | 10/15 | €97,206 | €139,224 | +€42,018 | +43.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €136,500 | +€41,500 | +43.7% |
| Distributable reserves | 133 | €95,000 | €136,500 | +€41,500 | +43.7% |
| Profit (loss) carried forward | 14 | €1,206 | €1,724 | +€518 | +43.0% |
| Amounts payable | 17/49 | €41,266 | €24,159 | -€17,107 | -41.5% |
| Amounts payable within one year | 42/48 | €41,266 | €24,159 | -€17,107 | -41.5% |
| Trade debts | 44 | €802 | €786 | -€16 | -2.0% |
| Suppliers | 440/4 | €802 | €786 | -€16 | -2.0% |
| Taxes, remuneration and social security | 45 | €24,995 | €18,913 | -€6,083 | -24.3% |
| Taxes | 450/3 | €24,995 | €18,913 | -€6,083 | -24.3% |
| Other amounts payable | 47/48 | €15,469 | €4,460 | -€11,009 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,389 | €20,389 | = | 0.0% |
| Other operating charges | 640/8 | €128 | €131 | +€3 | +2.0% |
| Gross operating margin | 9900 | €73,799 | €78,714 | +€4,914 | +6.7% |
| Operating profit (loss) | 9901 | €53,282 | €58,194 | +€4,912 | +9.2% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €53,239 | €58,201 | +€4,963 | +9.3% |
| Income taxes | 67/77 | €14,745 | €16,183 | +€1,438 | +9.8% |
| Profit (loss) for the period | 9904 | €38,494 | €42,018 | +€3,524 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,494 | €42,018 | +€3,524 | +9.2% |
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 10 October 2026 via checked.be.