TvpWJ: what changed
Two fiscal 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.
TvpWJ
Largest movements
- Cash +€13,238
up €13,238 (+46.4%), from €28,501 to €41,739
mainly Other debts (+€67,786) and Net result for the year (+€11,283)
- Receivables within one year -€2,758
down €2,758 (-22.2%), from €12,420 to €9,662
of which Other amounts receivable: -€2,862
- Tangible fixed assets -€1,855
down €1,855 (-16.3%), from €11,412 to €9,557
of which Other tangible fixed assets: -€1,000
- Deferred charges and accrued income +€974
new in 2025: €974
- Other debts +€67,786
new in 2025: €67,786
- Reserves -€51,515
down €51,515 (-85.1%), from €60,567 to €9,052
- Trade debts -€6,443
down €6,443 (-75.3%), from €8,553 to €2,110
- Depreciation +€596
up €596 (+47.3%), from €1,259 to €1,855
- Gross operating margin -€511
down €511 (-2.8%), from €17,969 to €17,458
- Taxes -€261
down €261 (-7.0%), from €3,727 to €3,466
- Other operating charges -€227
down €227 (-22.3%), from €1,017 to €790
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 | €72,332 | €81,932 | +€9,600 | +13.3% |
| Fixed assets | 21/28 | €11,412 | €9,557 | -€1,855 | -16.3% |
| Tangible fixed assets | 22/27 | €11,412 | €9,557 | -€1,855 | -16.3% |
| Plant, machinery and equipment | 23 | €606 | €261 | -€345 | -56.9% |
| Furniture and vehicles | 24 | €1,211 | €701 | -€510 | -42.1% |
| Other tangible fixed assets | 26 | €9,595 | €8,595 | -€1,000 | -10.4% |
| Current assets | 29/58 | €60,920 | €72,375 | +€11,455 | +18.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,420 | €9,662 | -€2,758 | -22.2% |
| Trade receivables | 40 | €7,796 | €7,900 | +€104 | +1.3% |
| Other amounts receivable | 41 | €4,623 | €1,761 | -€2,862 | -61.9% |
| Cash at bank and in hand | 54/58 | €28,501 | €41,739 | +€13,238 | +46.4% |
| Deferred charges and accrued income | 490/1 | - | €974 | +€974 | |
| Total equity and liabilities | 10/49 | €72,332 | €81,932 | +€9,600 | +13.3% |
| Equity | 10/15 | €62,567 | €11,052 | -€51,515 | -82.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,567 | €9,052 | -€51,515 | -85.1% |
| Distributable reserves | 133 | €60,567 | €9,052 | -€51,515 | -85.1% |
| Amounts payable | 17/49 | €9,765 | €70,881 | +€61,116 | +625.9% |
| Amounts payable within one year | 42/48 | €9,765 | €70,881 | +€61,116 | +625.9% |
| Trade debts | 44 | €8,553 | €2,110 | -€6,443 | -75.3% |
| Suppliers | 440/4 | €8,553 | €2,110 | -€6,443 | -75.3% |
| Taxes, remuneration and social security | 45 | €1,212 | €985 | -€227 | -18.7% |
| Taxes | 450/3 | €1,212 | €985 | -€227 | -18.7% |
| Other amounts payable | 47/48 | - | €67,786 | +€67,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,855 | +€596 | +47.3% |
| Other operating charges | 640/8 | €1,017 | €790 | -€227 | -22.3% |
| Gross operating margin | 9900 | €17,969 | €17,458 | -€511 | -2.8% |
| Operating profit (loss) | 9901 | €15,692 | €14,813 | -€880 | -5.6% |
| Financial income | 75/76B | €694 | €566 | -€128 | -18.4% |
| Recurring financial income | 75 | €694 | €566 | -€128 | -18.4% |
| Financial charges | 65/66B | €694 | €630 | -€64 | -9.2% |
| Recurring financial charges | 65 | €694 | €630 | -€64 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €15,692 | €14,748 | -€944 | -6.0% |
| Income taxes | 67/77 | €3,727 | €3,466 | -€261 | -7.0% |
| Profit (loss) for the period | 9904 | €11,965 | €11,283 | -€683 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,965 | €11,283 | -€683 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.