TVV SOUND PROJECT: what changed
What changed
TVV SOUND PROJECT
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
-€320,905
2024 · €26,474-€347,379
Equity
€5,750
2024 · €170,011-€164,261
Cash
€5,056
2024 · €131,426-€126,370
Balance sheet total
€1.4m
2024 · €1.4m-€86,081
Largest movements
Assets
- Cash -€126,370
down €126,370 (-96.2%), from €131,426 to €5,056
mainly Net result for the year (-€320,905) and Investment in fixed assets (net) (-€247,881)
- Tangible fixed assets +€109,377
up €109,377 (+18.4%), from €594,209 to €703,585
of which Land and buildings: +€131,051
- Stocks and contracts -€101,927
down €101,927 (-21.3%), from €477,809 to €375,882
- Intangible fixed assets +€32,711
up €32,711 (+102%), from €32,159 to €64,870
Equity and liabilities
- Profit (loss) carried forward -€164,594
new in 2025: -€164,594
- Revaluation surpluses +€156,643
new in 2025: €156,643
- Reserves -€156,311
no longer reported in 2025 (was €156,311)
- Short-term financial debts +€145,587
up €145,587 (+57.1%), from €255,148 to €400,734
- Trade debts +€99,738
up €99,738 (+37.6%), from €265,126 to €364,865
Income statement
- Gross operating margin -€403,862
down €403,862 (-87.3%), from €462,597 to €58,735
- Staff costs -€56,280
down €56,280 (-21.0%), from €268,049 to €211,769
- Taxes -€6,684
down €6,684 (-89.8%), from €7,444 to €760
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,474
Gross operating margin
-€403,862
Staff costs
+€56,280
Depreciation
-€4,016
Other operating charges
-€2,747
Financial income
+€1,812
Financial charges
-€1,528
Taxes
+€6,684
Result 2025
-€320,905
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€85,770
Investment
-€247,881
Financing
+€207,281
Cash 2024
€131,426
From operations (derived)
-€85,770
Net result for the year
-€320,905
Depreciation
+€107,708
Stocks and contracts
+€101,927
Receivables within one year
+€6,298
Deferred charges and accrued income
-€8,341
Trade debts
+€99,738
Tax, wage and social debts
-€86,107
Other debts
+€13,912
Investment (derived)
-€247,881
Investment in fixed assets (net)
-€247,881
Financing
+€207,281
Debts after one year
-€87,946
Current portion of long-term debt
-€7,004
Short-term financial debts
+€145,587
Contributions, distributions and other
+€156,643
Cash 2025
€5,056
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,448,204 | €1,362,124 | -€86,081 | -5.9% |
| Fixed assets | 21/28 | €628,867 | €769,040 | +€140,173 | +22.3% |
| Intangible fixed assets | 21 | €32,159 | €64,870 | +€32,711 | +102% |
| Tangible fixed assets | 22/27 | €594,209 | €703,585 | +€109,377 | +18.4% |
| Land and buildings | 22 | €397,070 | €528,121 | +€131,051 | +33.0% |
| Plant, machinery and equipment | 23 | €177,451 | €163,716 | -€13,735 | -7.7% |
| Furniture and vehicles | 24 | €14,923 | €10,160 | -€4,763 | -31.9% |
| Other tangible fixed assets | 26 | €4,764 | €1,588 | -€3,176 | -66.7% |
| Financial fixed assets | 28 | €2,500 | €585 | -€1,915 | -76.6% |
| Current assets | 29/58 | €819,337 | €593,083 | -€226,254 | -27.6% |
| Stocks and contracts in progress | 3 | €477,809 | €375,882 | -€101,927 | -21.3% |
| Stocks | 30/36 | €477,809 | €375,882 | -€101,927 | -21.3% |
| Amounts receivable within one year | 40/41 | €210,102 | €203,804 | -€6,298 | -3.0% |
| Trade receivables | 40 | €193,588 | €196,304 | +€2,716 | +1.4% |
| Other amounts receivable | 41 | €16,514 | €7,500 | -€9,014 | -54.6% |
| Cash at bank and in hand | 54/58 | €131,426 | €5,056 | -€126,370 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €8,341 | +€8,341 | |
| Total equity and liabilities | 10/49 | €1,448,204 | €1,362,124 | -€86,081 | -5.9% |
| Equity | 10/15 | €170,011 | €5,750 | -€164,261 | -96.6% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Revaluation surpluses | 12 | - | €156,643 | +€156,643 | |
| Reserves | 13 | €156,311 | - | -€156,311 | |
| Distributable reserves | 133 | €156,311 | - | -€156,311 | |
| Profit (loss) carried forward | 14 | - | -€164,594 | -€164,594 | |
| Amounts payable | 17/49 | €1,278,193 | €1,356,374 | +€78,180 | +6.1% |
| Amounts payable after more than one year | 17 | €451,513 | €363,567 | -€87,946 | -19.5% |
| Financial debts | 170/4 | €451,513 | €363,567 | -€87,946 | -19.5% |
| Amounts payable within one year | 42/48 | €826,681 | €992,807 | +€166,126 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €140,102 | €133,098 | -€7,004 | -5.0% |
| Financial debts | 43 | €255,148 | €400,734 | +€145,587 | +57.1% |
| Credit institutions | 430/8 | €255,148 | €400,734 | +€145,587 | +57.1% |
| Trade debts | 44 | €265,126 | €364,865 | +€99,738 | +37.6% |
| Suppliers | 440/4 | €265,126 | €364,865 | +€99,738 | +37.6% |
| Taxes, remuneration and social security | 45 | €166,305 | €80,198 | -€86,107 | -51.8% |
| Taxes | 450/3 | €124,633 | €41,314 | -€83,319 | -66.9% |
| Remuneration and social security | 454/9 | €41,672 | €38,883 | -€2,788 | -6.7% |
| Other amounts payable | 47/48 | - | €13,912 | +€13,912 | |
| Non-recurring operating income | 76A | €9,995 | - | -€9,995 | |
| Remuneration, social security and pensions | 62 | €268,049 | €211,769 | -€56,280 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,691 | €107,708 | +€4,016 | +3.9% |
| Other operating charges | 640/8 | €4,096 | €6,843 | +€2,747 | +67.1% |
| Gross operating margin | 9900 | €462,597 | €58,735 | -€403,862 | -87.3% |
| Operating profit (loss) | 9901 | €86,761 | -€267,585 | -€354,346 | |
| Financial income | 75/76B | €267 | €2,079 | +€1,812 | +678% |
| Recurring financial income | 75 | €267 | €2,079 | +€1,812 | +678% |
| Financial charges | 65/66B | €53,111 | €54,639 | +€1,528 | +2.9% |
| Recurring financial charges | 65 | €53,111 | €54,639 | +€1,528 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €33,918 | -€320,145 | -€354,063 | |
| Income taxes | 67/77 | €7,444 | €760 | -€6,684 | -89.8% |
| Profit (loss) for the period | 9904 | €26,474 | -€320,905 | -€347,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,474 | -€320,905 | -€347,379 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.