TVSG: 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.
TVSG
Largest movements
- Stocks and contracts -€14,126
no longer reported in 2024 (was €14,126)
- Cash -€2,221
down €2,221 (-68.6%), from €3,236 to €1,015
mainly Net result for the year (-€25,001) and Other debts (-€5,328)
- Tangible fixed assets -€347
down €347 (-81.5%), from €426 to €79
- Profit (loss) carried forward -€25,001
down €25,001 (-24.9%), from -€100,398 to -€125,399
- Tax, wage and social debts +€12,916
up €12,916 (+159%), from €8,132 to €21,048
of which Remuneration and social security: +€9,320
- Other debts -€5,328
down €5,328 (-6.6%), from €80,633 to €75,305
- Trade debts +€826
up €826 (+7.6%), from €10,909 to €11,734
- Gross operating margin +€27,976
up €27,976 (+63.5%), from -€44,027 to -€16,051
- Other operating charges +€1,018
up €1,018 (+284%), from €359 to €1,377
- Staff costs +€656
up €656 (+11.7%), from €5,587 to €6,243
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,826 | €1,239 | -€16,587 | -93.0% |
| Fixed assets | 21/28 | €451 | €104 | -€347 | -77.0% |
| Tangible fixed assets | 22/27 | €426 | €79 | -€347 | -81.5% |
| Furniture and vehicles | 24 | €426 | €79 | -€347 | -81.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €17,375 | €1,135 | -€16,240 | -93.5% |
| Stocks and contracts in progress | 3 | €14,126 | - | -€14,126 | |
| Stocks | 30/36 | €14,126 | - | -€14,126 | |
| Amounts receivable within one year | 40/41 | €13 | €120 | +€107 | +817% |
| Other amounts receivable | 41 | €13 | €120 | +€107 | +817% |
| Cash at bank and in hand | 54/58 | €3,236 | €1,015 | -€2,221 | -68.6% |
| Total equity and liabilities | 10/49 | €17,826 | €1,239 | -€16,587 | -93.0% |
| Equity | 10/15 | -€81,848 | -€106,849 | -€25,001 | -30.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,398 | -€125,399 | -€25,001 | -24.9% |
| Amounts payable | 17/49 | €99,673 | €108,088 | +€8,415 | +8.4% |
| Amounts payable within one year | 42/48 | €99,673 | €108,088 | +€8,415 | +8.4% |
| Trade debts | 44 | €10,909 | €11,734 | +€826 | +7.6% |
| Suppliers | 440/4 | €10,909 | €11,734 | +€826 | +7.6% |
| Taxes, remuneration and social security | 45 | €8,132 | €21,048 | +€12,916 | +159% |
| Taxes | 450/3 | €7,677 | €11,273 | +€3,597 | +46.9% |
| Remuneration and social security | 454/9 | €455 | €9,775 | +€9,320 | +2,048% |
| Other amounts payable | 47/48 | €80,633 | €75,305 | -€5,328 | -6.6% |
| Remuneration, social security and pensions | 62 | €5,587 | €6,243 | +€656 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €347 | = | 0.0% |
| Other operating charges | 640/8 | €359 | €1,377 | +€1,018 | +284% |
| Gross operating margin | 9900 | -€44,027 | -€16,051 | +€27,976 | +63.5% |
| Operating profit (loss) | 9901 | -€50,320 | -€24,018 | +€26,302 | +52.3% |
| Financial charges | 65/66B | €721 | €983 | +€262 | +36.3% |
| Recurring financial charges | 65 | €721 | €983 | +€262 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,041 | -€25,001 | +€26,040 | +51.0% |
| Profit (loss) for the period | 9904 | -€51,041 | -€25,001 | +€26,040 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,041 | -€25,001 | +€26,040 | +51.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.