TVS VYT NORBERT: 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.
TVS VYT NORBERT
Largest movements
- Receivables within one year +€342,747
up €342,747 (+48.4%), from €708,848 to €1.1m
of which Other amounts receivable: +€287,663
- Cash -€102,458
down €102,458 (-46.3%), from €221,252 to €118,795
mainly Receivables within one year (-€342,747) and Contributions, distributions and other (-€100,000)
- Other debts +€95,021
up €95,021 (+409%), from €23,209 to €118,230
- Trade debts +€50,186
up €50,186 (+117%), from €42,855 to €93,041
- Reserves +€33,400
up €33,400 (+3.2%), from €1.1m to €1.1m
- Tax, wage and social debts +€33,010
up €33,010 (+360%), from €9,160 to €42,170
of which Taxes: +€28,243
- Gross operating margin +€27,014
up €27,014 (+13.3%), from €203,325 to €230,339
- Write-downs +€17,697
new in 2025: €17,697
- Taxes +€6,165
up €6,165 (+11.3%), from €54,676 to €60,841
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 | €1,440,130 | €1,665,564 | +€225,433 | +15.7% |
| Fixed assets | 21/28 | €500,161 | €488,699 | -€11,462 | -2.3% |
| Tangible fixed assets | 22/27 | €500,161 | €488,699 | -€11,462 | -2.3% |
| Land and buildings | 22 | €497,691 | €477,755 | -€19,936 | -4.0% |
| Plant, machinery and equipment | 23 | €372 | €2,475 | +€2,103 | +564% |
| Furniture and vehicles | 24 | €2,097 | €8,468 | +€6,371 | +304% |
| Current assets | 29/58 | €939,970 | €1,176,865 | +€236,895 | +25.2% |
| Stocks and contracts in progress | 3 | €6,447 | €3,538 | -€2,910 | -45.1% |
| Stocks | 30/36 | €6,447 | €3,538 | -€2,910 | -45.1% |
| Amounts receivable within one year | 40/41 | €708,848 | €1,051,595 | +€342,747 | +48.4% |
| Trade receivables | 40 | €86,404 | €141,488 | +€55,084 | +63.8% |
| Other amounts receivable | 41 | €622,444 | €910,107 | +€287,663 | +46.2% |
| Cash at bank and in hand | 54/58 | €221,252 | €118,795 | -€102,458 | -46.3% |
| Deferred charges and accrued income | 490/1 | €3,422 | €2,938 | -€484 | -14.1% |
| Total equity and liabilities | 10/49 | €1,440,130 | €1,665,564 | +€225,433 | +15.7% |
| Equity | 10/15 | €1,356,906 | €1,390,395 | +€33,489 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,058,860 | €1,092,260 | +€33,400 | +3.2% |
| Distributable reserves | 133 | €1,058,860 | €1,092,260 | +€33,400 | +3.2% |
| Profit (loss) carried forward | 14 | €279,446 | €279,535 | +€89 | 0.0% |
| Provisions and deferred taxes | 16 | €8,000 | €8,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €8,000 | = | 0.0% |
| Environmental obligations | 163 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable | 17/49 | €75,224 | €267,169 | +€191,945 | +255% |
| Amounts payable after more than one year | 17 | - | €2,114 | +€2,114 | |
| Other amounts payable | 178/9 | - | €2,114 | +€2,114 | |
| Amounts payable within one year | 42/48 | €75,224 | €263,705 | +€188,481 | +251% |
| Trade debts | 44 | €42,855 | €93,041 | +€50,186 | +117% |
| Suppliers | 440/4 | €42,855 | €93,041 | +€50,186 | +117% |
| Advances received on contracts in progress | 46 | - | €10,264 | +€10,264 | |
| Taxes, remuneration and social security | 45 | €9,160 | €42,170 | +€33,010 | +360% |
| Taxes | 450/3 | €9,160 | €37,403 | +€28,243 | +308% |
| Remuneration and social security | 454/9 | - | €4,767 | +€4,767 | |
| Other amounts payable | 47/48 | €23,209 | €118,230 | +€95,021 | +409% |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,432 | €22,127 | +€695 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,697 | +€17,697 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,000 | - | +€1,000 | |
| Other operating charges | 640/8 | €1,711 | €2,835 | +€1,124 | +65.7% |
| Gross operating margin | 9900 | €203,325 | €230,339 | +€27,014 | +13.3% |
| Operating profit (loss) | 9901 | €181,182 | €187,681 | +€6,498 | +3.6% |
| Financial income | 75/76B | €4,897 | €6,798 | +€1,900 | +38.8% |
| Recurring financial income | 75 | €4,897 | €6,798 | +€1,900 | +38.8% |
| Financial charges | 65/66B | €65 | €149 | +€84 | +129% |
| Recurring financial charges | 65 | €65 | €149 | +€84 | +129% |
| Profit (loss) for the period before taxes | 9903 | €186,015 | €194,330 | +€8,315 | +4.5% |
| Income taxes | 67/77 | €54,676 | €60,841 | +€6,165 | +11.3% |
| Profit (loss) for the period | 9904 | €131,338 | €133,489 | +€2,150 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,338 | €133,489 | +€2,150 | +1.6% |
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 24 October 2026 via checked.be.