TVV Consultancy: 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.
TVV Consultancy
Largest movements
- Tangible fixed assets +€45,853
up €45,853 (+13.7%), from €333,833 to €379,687
of which Land and buildings: +€49,907
- Cash +€39,127
up €39,127 (+82.2%), from €47,576 to €86,702
mainly Net result for the year (+€60,706) and Debts after one year (+€39,329)
- Receivables within one year +€18,592
up €18,592 (+196%), from €9,507 to €28,099
of which Trade receivables: +€10,809
- Reserves +€60,706
up €60,706 (+50.5%), from €120,102 to €180,808
of which Distributable reserves: +€39,656
- Debts after one year +€39,329
up €39,329 (+16.9%), from €232,560 to €271,889
- Other operating charges -€34,740
down €34,740 (-93.7%), from €37,067 to €2,327
- Gross operating margin +€29,386
up €29,386 (+34.4%), from €85,497 to €114,883
- Taxes +€16,797
up €16,797 (+265%), from €6,327 to €23,124
- Financial charges +€4,936
up €4,936 (+78.5%), from €6,289 to €11,226
- Depreciation +€1,707
up €1,707 (+10.3%), from €16,502 to €18,208
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 | €391,615 | €495,230 | +€103,616 | +26.5% |
| Fixed assets | 21/28 | €333,833 | €379,687 | +€45,853 | +13.7% |
| Tangible fixed assets | 22/27 | €333,833 | €379,687 | +€45,853 | +13.7% |
| Land and buildings | 22 | €312,363 | €362,270 | +€49,907 | +16.0% |
| Furniture and vehicles | 24 | €1,438 | €2,777 | +€1,338 | +93.1% |
| Leasing and similar rights | 25 | €3,221 | €0 | -€3,221 | -100% |
| Other tangible fixed assets | 26 | €16,811 | €14,640 | -€2,171 | -12.9% |
| Current assets | 29/58 | €57,781 | €115,543 | +€57,762 | +100.0% |
| Amounts receivable within one year | 40/41 | €9,507 | €28,099 | +€18,592 | +196% |
| Trade receivables | 40 | €3,711 | €14,520 | +€10,809 | +291% |
| Other amounts receivable | 41 | €5,795 | €13,579 | +€7,784 | +134% |
| Cash at bank and in hand | 54/58 | €47,576 | €86,702 | +€39,127 | +82.2% |
| Deferred charges and accrued income | 490/1 | €699 | €742 | +€43 | +6.2% |
| Total equity and liabilities | 10/49 | €391,615 | €495,230 | +€103,616 | +26.5% |
| Equity | 10/15 | €122,102 | €182,808 | +€60,706 | +49.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,102 | €180,808 | +€60,706 | +50.5% |
| Tax-exempt reserves | 132 | - | €21,050 | +€21,050 | |
| Distributable reserves | 133 | €120,102 | €159,758 | +€39,656 | +33.0% |
| Amounts payable | 17/49 | €269,513 | €312,422 | +€42,909 | +15.9% |
| Amounts payable after more than one year | 17 | €232,560 | €271,889 | +€39,329 | +16.9% |
| Financial debts | 170/4 | €232,560 | €271,889 | +€39,329 | +16.9% |
| Amounts payable within one year | 42/48 | €36,953 | €40,534 | +€3,580 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €13,212 | €10,671 | -€2,542 | -19.2% |
| Trade debts | 44 | €4,090 | €8,830 | +€4,740 | +116% |
| Suppliers | 440/4 | €4,090 | €8,830 | +€4,740 | +116% |
| Taxes, remuneration and social security | 45 | €19,651 | €21,032 | +€1,382 | +7.0% |
| Taxes | 450/3 | €19,651 | €21,032 | +€1,382 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,502 | €18,208 | +€1,707 | +10.3% |
| Other operating charges | 640/8 | €37,067 | €2,327 | -€34,740 | -93.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €85,497 | €114,883 | +€29,386 | +34.4% |
| Operating profit (loss) | 9901 | €31,928 | €94,348 | +€62,420 | +196% |
| Financial income | 75/76B | €927 | €708 | -€219 | -23.7% |
| Recurring financial income | 75 | €927 | €708 | -€219 | -23.7% |
| Financial charges | 65/66B | €6,289 | €11,226 | +€4,936 | +78.5% |
| Recurring financial charges | 65 | €6,289 | €11,226 | +€4,936 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €26,566 | €83,830 | +€57,264 | +216% |
| Income taxes | 67/77 | €6,327 | €23,124 | +€16,797 | +265% |
| Profit (loss) for the period | 9904 | €20,239 | €60,706 | +€40,467 | +200% |
| Transfer to tax-exempt reserves | 689 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,239 | €39,656 | +€19,417 | +95.9% |
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 16 October 2026 via checked.be.