TVR Engineering: 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.
TVR Engineering
Largest movements
- Cash +€35,720
up €35,720 (+120.9%), from €29,537 to €65,257
mainly Net result for the year (+€54,701) and Depreciation (+€5,463)
- Receivables within one year +€22,570
up €22,570 (+40.1%), from €56,352 to €78,922
of which Other amounts receivable: +€35,735
- Tangible fixed assets -€5,463
down €5,463 (-58.5%), from €9,346 to €3,883
of which Plant, machinery and equipment: -€4,188
- Reserves +€54,701
up €54,701 (+81.1%), from €67,430 to €122,131
- Tax, wage and social debts -€1,570
down €1,570 (-6.6%), from €23,882 to €22,312
- Gross operating margin -€10,157
down €10,157 (-12.0%), from €84,627 to €74,470
- Financial income +€2,177
up €2,177 (+200.6%), from €1,085 to €3,263
- Taxes -€1,671
down €1,671 (-10.4%), from €16,044 to €14,373
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 | €95,235 | €148,062 | +€52,827 | +55.5% |
| Fixed assets | 21/28 | €9,346 | €3,883 | -€5,463 | -58.5% |
| Tangible fixed assets | 22/27 | €9,346 | €3,883 | -€5,463 | -58.5% |
| Land and buildings | 22 | €2,469 | €2,197 | -€271 | -11.0% |
| Plant, machinery and equipment | 23 | €4,188 | - | -€4,188 | |
| Furniture and vehicles | 24 | €2,689 | €1,686 | -€1,003 | -37.3% |
| Current assets | 29/58 | €85,889 | €144,179 | +€58,290 | +67.9% |
| Amounts receivable within one year | 40/41 | €56,352 | €78,922 | +€22,570 | +40.1% |
| Trade receivables | 40 | €13,165 | - | -€13,165 | |
| Other amounts receivable | 41 | €43,187 | €78,922 | +€35,735 | +82.7% |
| Cash at bank and in hand | 54/58 | €29,537 | €65,257 | +€35,720 | +120.9% |
| Total equity and liabilities | 10/49 | €95,235 | €148,062 | +€52,827 | +55.5% |
| Equity | 10/15 | €69,930 | €124,631 | +€54,701 | +78.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €67,430 | €122,131 | +€54,701 | +81.1% |
| Distributable reserves | 133 | €67,430 | €122,131 | +€54,701 | +81.1% |
| Amounts payable | 17/49 | €25,305 | €23,432 | -€1,873 | -7.4% |
| Amounts payable within one year | 42/48 | €25,305 | €23,432 | -€1,873 | -7.4% |
| Trade debts | 44 | €1,422 | €1,119 | -€303 | -21.3% |
| Suppliers | 440/4 | €1,422 | €1,119 | -€303 | -21.3% |
| Taxes, remuneration and social security | 45 | €23,882 | €22,312 | -€1,570 | -6.6% |
| Taxes | 450/3 | €23,882 | €22,312 | -€1,570 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,790 | €5,463 | -€327 | -5.6% |
| Other operating charges | 640/8 | €141 | €544 | +€403 | +287.1% |
| Gross operating margin | 9900 | €84,627 | €74,470 | -€10,157 | -12.0% |
| Operating profit (loss) | 9901 | €78,697 | €68,464 | -€10,233 | -13.0% |
| Financial income | 75/76B | €1,085 | €3,263 | +€2,177 | +200.6% |
| Recurring financial income | 75 | €1,085 | €3,263 | +€2,177 | +200.6% |
| Financial charges | 65/66B | €2,079 | €2,653 | +€574 | +27.6% |
| Recurring financial charges | 65 | €2,079 | €2,653 | +€574 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €77,704 | €69,074 | -€8,630 | -11.1% |
| Income taxes | 67/77 | €16,044 | €14,373 | -€1,671 | -10.4% |
| Profit (loss) for the period | 9904 | €61,660 | €54,701 | -€6,959 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,660 | €54,701 | -€6,959 | -11.3% |
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 7 October 2026 via checked.be.