TVTax: 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.
TVTax
Largest movements
- Intangible fixed assets +€194,644
up €194,644 (+4,834%), from €4,027 to €198,671
- Cash -€131,043
down €131,043 (-68.4%), from €191,573 to €60,531
mainly Investment in fixed assets (net) (-€203,345) and Receivables after one year (-€67,227)
- Receivables after one year +€67,227
new in 2025: €67,227
- Receivables within one year +€42,827
up €42,827 (+12.1%), from €352,555 to €395,383
of which Trade receivables: +€41,805
- Trade debts +€93,297
up €93,297 (+22.0%), from €424,948 to €518,245
- Other debts +€65,338
up €65,338 (+1,271%), from €5,141 to €70,479
- Accrued charges and deferred income +€10,941
up €10,941 (+3,367%), from €325 to €11,266
- Staff costs -€55,085
down €55,085 (-32.9%), from €167,442 to €112,358
- Gross operating margin -€49,858
down €49,858 (-26.9%), from €185,465 to €135,607
- Depreciation +€2,647
up €2,647 (+21.9%), from €12,070 to €14,717
- Financial charges +€2,193
up €2,193 (+126%), from €1,739 to €3,932
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 | €572,188 | €745,186 | +€172,998 | +30.2% |
| Fixed assets | 21/28 | €22,828 | €211,456 | +€188,628 | +826% |
| Intangible fixed assets | 21 | €4,027 | €198,671 | +€194,644 | +4,834% |
| Tangible fixed assets | 22/27 | €18,801 | €12,785 | -€6,016 | -32.0% |
| Furniture and vehicles | 24 | €18,801 | €12,785 | -€6,016 | -32.0% |
| Current assets | 29/58 | €549,360 | €533,730 | -€15,630 | -2.8% |
| Amounts receivable after more than one year | 29 | - | €67,227 | +€67,227 | |
| Other amounts receivable | 291 | - | €67,227 | +€67,227 | |
| Amounts receivable within one year | 40/41 | €352,555 | €395,383 | +€42,827 | +12.1% |
| Trade receivables | 40 | €342,350 | €384,155 | +€41,805 | +12.2% |
| Other amounts receivable | 41 | €10,205 | €11,227 | +€1,022 | +10.0% |
| Cash at bank and in hand | 54/58 | €191,573 | €60,531 | -€131,043 | -68.4% |
| Deferred charges and accrued income | 490/1 | €5,232 | €10,590 | +€5,358 | +102% |
| Total equity and liabilities | 10/49 | €572,188 | €745,186 | +€172,998 | +30.2% |
| Equity | 10/15 | €95,081 | €97,081 | +€2,000 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,821 | €82,821 | +€2,000 | +2.5% |
| Amounts payable | 17/49 | €477,106 | €648,104 | +€170,998 | +35.8% |
| Amounts payable within one year | 42/48 | €476,781 | €636,838 | +€160,057 | +33.6% |
| Trade debts | 44 | €424,948 | €518,245 | +€93,297 | +22.0% |
| Suppliers | 440/4 | €424,948 | €518,245 | +€93,297 | +22.0% |
| Taxes, remuneration and social security | 45 | €46,692 | €48,114 | +€1,422 | +3.0% |
| Taxes | 450/3 | €31,337 | €24,645 | -€6,691 | -21.4% |
| Remuneration and social security | 454/9 | €15,355 | €23,469 | +€8,114 | +52.8% |
| Other amounts payable | 47/48 | €5,141 | €70,479 | +€65,338 | +1,271% |
| Accrued charges and deferred income | 492/3 | €325 | €11,266 | +€10,941 | +3,367% |
| Remuneration, social security and pensions | 62 | €167,442 | €112,358 | -€55,085 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,070 | €14,717 | +€2,647 | +21.9% |
| Other operating charges | 640/8 | €897 | €1,512 | +€614 | +68.5% |
| Gross operating margin | 9900 | €185,465 | €135,607 | -€49,858 | -26.9% |
| Operating profit (loss) | 9901 | €5,055 | €7,020 | +€1,965 | +38.9% |
| Financial income | 75/76B | €3,064 | €1,913 | -€1,152 | -37.6% |
| Recurring financial income | 75 | €3,064 | €1,913 | -€1,152 | -37.6% |
| Financial charges | 65/66B | €1,739 | €3,932 | +€2,193 | +126% |
| Recurring financial charges | 65 | €1,739 | €3,932 | +€2,193 | +126% |
| Profit (loss) for the period before taxes | 9903 | €6,380 | €5,001 | -€1,379 | -21.6% |
| Income taxes | 67/77 | €4,670 | €3,001 | -€1,669 | -35.7% |
| Profit (loss) for the period | 9904 | €1,710 | €2,000 | +€290 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710 | €2,000 | +€290 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.