TVR Group: 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.
TVR Group
Largest movements
- Cash +€521,448
up €521,448 (+51,992%), from €1,003 to €522,450
mainly Net result for the year (+€918,964) and Other debts (+€500,000)
- Receivables within one year +€501,344
up €501,344 (+31.4%), from €1.6m to €2.1m
of which Other amounts receivable: +€297,746
- Current investments +€194,930
up €194,930 (+390%), from €50,000 to €244,930
- Other debts +€500,000
up €500,000, from €0 to €500,000
- Reserves +€418,964
up €418,964 (+27.4%), from €1.5m to €1.9m
- Current portion of long-term debt +€192,535
up €192,535 (+547%), from €35,220 to €227,755
- Tax, wage and social debts +€186,864
up €186,864, from €0 to €186,864
of which Taxes: +€184,771
- Short-term financial debts -€97,287
down €97,287 (-100%), from €97,287 to €0
of which Credit institutions: -€95,000
- Gross operating margin +€967,333
up €967,333 (+250%), from €387,286 to €1.4m
- Taxes +€339,388
up €339,388 (+364%), from €93,266 to €432,654
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 | €1,910,606 | €3,141,849 | +€1.2m | +64.4% |
| Fixed assets | 21/28 | €231,523 | €260,623 | +€29,100 | +12.6% |
| Tangible fixed assets | 22/27 | €231,523 | €260,623 | +€29,100 | +12.6% |
| Land and buildings | 22 | €209,335 | €220,391 | +€11,056 | +5.3% |
| Plant, machinery and equipment | 23 | €6,251 | €10,285 | +€4,034 | +64.5% |
| Furniture and vehicles | 24 | €2,403 | €17,427 | +€15,024 | +625% |
| Other tangible fixed assets | 26 | €13,534 | €12,520 | -€1,014 | -7.5% |
| Current assets | 29/58 | €1,679,083 | €2,881,226 | +€1.2m | +71.6% |
| Amounts receivable within one year | 40/41 | €1,596,241 | €2,097,584 | +€501,344 | +31.4% |
| Trade receivables | 40 | €516,564 | €720,161 | +€203,597 | +39.4% |
| Other amounts receivable | 41 | €1,079,677 | €1,377,423 | +€297,746 | +27.6% |
| Current investments | 50/53 | €50,000 | €244,930 | +€194,930 | +390% |
| Cash at bank and in hand | 54/58 | €1,003 | €522,450 | +€521,448 | +51,992% |
| Deferred charges and accrued income | 490/1 | €31,840 | €16,262 | -€15,578 | -48.9% |
| Total equity and liabilities | 10/49 | €1,910,606 | €3,141,849 | +€1.2m | +64.4% |
| Equity | 10/15 | €1,571,961 | €1,990,925 | +€418,964 | +26.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €1,526,961 | €1,945,925 | +€418,964 | +27.4% |
| Distributable reserves | 133 | €1,526,961 | €1,945,925 | +€418,964 | +27.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €338,645 | €1,150,924 | +€812,279 | +240% |
| Amounts payable after more than one year | 17 | €200,136 | €154,269 | -€45,867 | -22.9% |
| Financial debts | 170/4 | €200,136 | €154,269 | -€45,867 | -22.9% |
| Amounts payable within one year | 42/48 | €138,509 | €996,655 | +€858,146 | +620% |
| Current portion of amounts payable after more than one year | 42 | €35,220 | €227,755 | +€192,535 | +547% |
| Financial debts | 43 | €97,287 | €0 | -€97,287 | -100% |
| Credit institutions | 430/8 | €95,000 | €0 | -€95,000 | -100% |
| Other loans | 439 | €2,287 | €0 | -€2,287 | -100% |
| Trade debts | 44 | €6,002 | €82,036 | +€76,034 | +1,267% |
| Suppliers | 440/4 | €6,002 | €82,036 | +€76,034 | +1,267% |
| Taxes, remuneration and social security | 45 | €0 | €186,864 | +€186,864 | |
| Taxes | 450/3 | €0 | €184,771 | +€184,771 | |
| Remuneration and social security | 454/9 | €0 | €2,092 | +€2,092 | |
| Other amounts payable | 47/48 | €0 | €500,000 | +€500,000 | |
| Non-recurring operating income | 76A | €0 | €772 | +€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,584 | €20,602 | -€982 | -4.5% |
| Other operating charges | 640/8 | €1,303 | €2,289 | +€986 | +75.7% |
| Gross operating margin | 9900 | €387,286 | €1,354,618 | +€967,333 | +250% |
| Operating profit (loss) | 9901 | €364,399 | €1,331,727 | +€967,328 | +265% |
| Financial income | 75/76B | €32,005 | €43,176 | +€11,171 | +34.9% |
| Recurring financial income | 75 | €32,005 | €43,176 | +€11,171 | +34.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,457 | €23,285 | +€9,828 | +73.0% |
| Recurring financial charges | 65 | €13,457 | €23,285 | +€9,828 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €382,946 | €1,351,618 | +€968,672 | +253% |
| Income taxes | 67/77 | €93,266 | €432,654 | +€339,388 | +364% |
| Profit (loss) for the period | 9904 | €289,681 | €918,964 | +€629,284 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €289,681 | €918,964 | +€629,284 | +217% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.