TVT: 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.
TVT
Largest movements
- Tangible fixed assets -€712,188
down €712,188 (-2.5%), from €28.4m to €27.7m
- Debts after one year -€1.0m
down €1.0m (-3.5%), from €28.3m to €27.3m
- Gross operating margin +€1.1m
up €1.1m (+110.4%), from €1.0m to €2.2m
- Depreciation +€743,647
up €743,647 (+186.7%), from €398,244 to €1.1m
- Other operating charges +€88,089
up €88,089 (+1200.9%), from €7,335 to €95,425
- Financial charges -€44,571
down €44,571 (-5.7%), from €775,799 to €731,228
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 | €28,599,732 | €27,987,758 | -€611,974 | -2.1% |
| Fixed assets | 21/28 | €28,374,301 | €27,662,113 | -€712,188 | -2.5% |
| Tangible fixed assets | 22/27 | €28,374,301 | €27,662,113 | -€712,188 | -2.5% |
| Land and buildings | 22 | €28,374,301 | €27,662,113 | -€712,188 | -2.5% |
| Current assets | 29/58 | €225,431 | €325,644 | +€100,213 | +44.5% |
| Amounts receivable within one year | 40/41 | €179,000 | €275,615 | +€96,615 | +54.0% |
| Trade receivables | 40 | €170,000 | €266,615 | +€96,615 | +56.8% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,431 | €50,029 | +€3,598 | +7.7% |
| Total equity and liabilities | 10/49 | €28,599,732 | €27,987,758 | -€611,974 | -2.1% |
| Equity | 10/15 | -€1,336,675 | -€1,152,104 | +€184,571 | +13.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,456,675 | -€1,272,104 | +€184,571 | +12.7% |
| Amounts payable | 17/49 | €29,936,407 | €29,139,862 | -€796,545 | -2.7% |
| Amounts payable after more than one year | 17 | €28,325,415 | €27,324,776 | -€1.0m | -3.5% |
| Financial debts | 170/4 | €28,325,415 | €27,324,776 | -€1.0m | -3.5% |
| Amounts payable within one year | 42/48 | €1,610,992 | €1,815,086 | +€204,094 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €1,549,992 | €1,639,992 | +€90,000 | +5.8% |
| Trade debts | 44 | €1,000 | €113,953 | +€112,953 | +11295.3% |
| Suppliers | 440/4 | €1,000 | €113,953 | +€112,953 | +11295.3% |
| Taxes, remuneration and social security | 45 | - | €1,141 | +€1,141 | |
| Taxes | 450/3 | - | €1,141 | +€1,141 | |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398,244 | €1,141,891 | +€743,647 | +186.7% |
| Other operating charges | 640/8 | €7,335 | €95,425 | +€88,089 | +1200.9% |
| Gross operating margin | 9900 | €1,022,826 | €2,152,407 | +€1.1m | +110.4% |
| Operating profit (loss) | 9901 | €617,247 | €915,092 | +€297,845 | +48.3% |
| Financial income | 75/76B | - | €707 | +€707 | |
| Recurring financial income | 75 | - | €707 | +€707 | |
| Financial charges | 65/66B | €775,799 | €731,228 | -€44,571 | -5.7% |
| Recurring financial charges | 65 | €775,799 | €731,228 | -€44,571 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€158,552 | €184,571 | +€343,123 | |
| Profit (loss) for the period | 9904 | -€158,552 | €184,571 | +€343,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,552 | €184,571 | +€343,123 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.