TVTR: 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.
TVTR
Largest movements
- Cash +€35,169
up €35,169 (+41.6%), from €84,473 to €119,642
mainly Net result for the year (+€25,539) and Receivables within one year (+€7,660)
- Receivables within one year -€7,660
down €7,660 (-53.8%), from €14,239 to €6,578
of which Trade receivables: -€6,520
- Tangible fixed assets -€5,453
down €5,453 (-37.7%), from €14,466 to €9,013
of which Furniture and vehicles: -€6,600
- Profit (loss) carried forward +€25,539
up €25,539 (+26.6%), from €95,863 to €121,402
- Debts after one year -€6,629
down €6,629 (-79.7%), from €8,315 to €1,685
- Trade debts +€2,460
new in 2024: €2,460
- Tax, wage and social debts +€2,104
new in 2024: €2,104
- Gross operating margin +€12,738
up €12,738 (+44.2%), from €28,825 to €41,563
- Taxes +€4,602
up €4,602 (+102.2%), from €4,503 to €9,104
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.
Cash bridge derived
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 | €114,933 | €137,061 | +€22,128 | +19.3% |
| Fixed assets | 21/28 | €14,466 | €9,013 | -€5,453 | -37.7% |
| Tangible fixed assets | 22/27 | €14,466 | €9,013 | -€5,453 | -37.7% |
| Plant, machinery and equipment | 23 | - | €1,147 | +€1,147 | |
| Furniture and vehicles | 24 | €14,466 | €7,866 | -€6,600 | -45.6% |
| Current assets | 29/58 | €100,467 | €128,047 | +€27,580 | +27.5% |
| Amounts receivable within one year | 40/41 | €14,239 | €6,578 | -€7,660 | -53.8% |
| Trade receivables | 40 | €12,741 | €6,222 | -€6,520 | -51.2% |
| Other amounts receivable | 41 | €1,497 | €357 | -€1,141 | -76.2% |
| Cash at bank and in hand | 54/58 | €84,473 | €119,642 | +€35,169 | +41.6% |
| Deferred charges and accrued income | 490/1 | €1,756 | €1,827 | +€71 | +4.1% |
| Total equity and liabilities | 10/49 | €114,933 | €137,061 | +€22,128 | +19.3% |
| Equity | 10/15 | €98,363 | €123,902 | +€25,539 | +26.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,863 | €121,402 | +€25,539 | +26.6% |
| Amounts payable | 17/49 | €16,570 | €13,158 | -€3,412 | -20.6% |
| Amounts payable after more than one year | 17 | €8,315 | €1,685 | -€6,629 | -79.7% |
| Financial debts | 170/4 | €8,315 | €1,685 | -€6,629 | -79.7% |
| Amounts payable within one year | 42/48 | €7,971 | €11,193 | +€3,223 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €6,644 | €6,629 | -€15 | -0.2% |
| Trade debts | 44 | - | €2,460 | +€2,460 | |
| Suppliers | 440/4 | - | €2,460 | +€2,460 | |
| Taxes, remuneration and social security | 45 | - | €2,104 | +€2,104 | |
| Taxes | 450/3 | - | €2,104 | +€2,104 | |
| Other amounts payable | 47/48 | €1,327 | - | -€1,327 | |
| Accrued charges and deferred income | 492/3 | €285 | €280 | -€5 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,990 | €6,686 | -€304 | -4.4% |
| Other operating charges | 640/8 | €109 | €168 | +€59 | +54.4% |
| Gross operating margin | 9900 | €28,825 | €41,563 | +€12,738 | +44.2% |
| Operating profit (loss) | 9901 | €21,725 | €34,709 | +€12,983 | +59.8% |
| Financial income | 75/76B | €167 | €168 | +€0 | +0.3% |
| Recurring financial income | 75 | €167 | €168 | +€0 | +0.3% |
| Financial charges | 65/66B | €347 | €233 | -€114 | -32.9% |
| Recurring financial charges | 65 | €347 | €233 | -€114 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €21,546 | €34,644 | +€13,098 | +60.8% |
| Income taxes | 67/77 | €4,503 | €9,104 | +€4,602 | +102.2% |
| Profit (loss) for the period | 9904 | €17,043 | €25,539 | +€8,496 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,043 | €25,539 | +€8,496 | +49.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.