TVW Consulting: 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.
TVW Consulting
Largest movements
- Cash -€72,845
down €72,845 (-67.4%), from €108,129 to €35,284
mainly Contributions, distributions and other (-€101,500) and Other debts (-€83,295)
- Other debts -€83,295
down €83,295 (-83.7%), from €99,502 to €16,207
- Tax, wage and social debts +€11,925
up €11,925 (+62.6%), from €19,060 to €30,985
of which Taxes: +€11,425
- Reserves -€3,255
down €3,255 (-79.6%), from €4,088 to €833
- Trade debts +€2,995
up €2,995 (+415%), from €722 to €3,718
- Taxes -€3,241
down €3,241 (-10.8%), from €30,128 to €26,887
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 | €142,953 | €70,293 | -€72,660 | -50.8% |
| Fixed assets | 21/28 | €2,052 | €3,347 | +€1,294 | +63.1% |
| Tangible fixed assets | 22/27 | €2,042 | €3,337 | +€1,294 | +63.4% |
| Plant, machinery and equipment | 23 | - | €1,802 | +€1,802 | |
| Furniture and vehicles | 24 | €2,042 | €1,534 | -€508 | -24.9% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €140,900 | €66,947 | -€73,954 | -52.5% |
| Amounts receivable within one year | 40/41 | €32,772 | €31,663 | -€1,109 | -3.4% |
| Trade receivables | 40 | €26,977 | €28,140 | +€1,163 | +4.3% |
| Other amounts receivable | 41 | €5,795 | €3,523 | -€2,272 | -39.2% |
| Cash at bank and in hand | 54/58 | €108,129 | €35,284 | -€72,845 | -67.4% |
| Total equity and liabilities | 10/49 | €142,953 | €70,293 | -€72,660 | -50.8% |
| Equity | 10/15 | €22,638 | €19,383 | -€3,255 | -14.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,088 | €833 | -€3,255 | -79.6% |
| Distributable reserves | 133 | €4,088 | €833 | -€3,255 | -79.6% |
| Amounts payable | 17/49 | €120,314 | €50,910 | -€69,404 | -57.7% |
| Amounts payable within one year | 42/48 | €120,314 | €50,910 | -€69,404 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €1,030 | - | -€1,030 | |
| Trade debts | 44 | €722 | €3,718 | +€2,995 | +415% |
| Suppliers | 440/4 | €722 | €3,718 | +€2,995 | +415% |
| Taxes, remuneration and social security | 45 | €19,060 | €30,985 | +€11,925 | +62.6% |
| Taxes | 450/3 | €17,560 | €28,985 | +€11,425 | +65.1% |
| Remuneration and social security | 454/9 | €1,500 | €2,000 | +€500 | +33.3% |
| Other amounts payable | 47/48 | €99,502 | €16,207 | -€83,295 | -83.7% |
| Non-recurring operating income | 76A | €197 | - | -€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508 | €959 | +€451 | +88.7% |
| Other operating charges | 640/8 | €1,407 | €1,662 | +€255 | +18.1% |
| Gross operating margin | 9900 | €130,346 | €130,731 | +€384 | +0.3% |
| Operating profit (loss) | 9901 | €128,431 | €128,110 | -€321 | -0.2% |
| Financial income | 75/76B | €197 | €3 | -€194 | -98.5% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +5,940% |
| Non-recurring financial income | 76B | €197 | - | -€197 | |
| Financial charges | 65/66B | €1,967 | €2,981 | +€1,014 | +51.6% |
| Recurring financial charges | 65 | €1,967 | €2,981 | +€1,014 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €126,661 | €125,132 | -€1,529 | -1.2% |
| Income taxes | 67/77 | €30,128 | €26,887 | -€3,241 | -10.8% |
| Profit (loss) for the period | 9904 | €96,533 | €98,245 | +€1,712 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,533 | €98,245 | +€1,712 | +1.8% |
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 22 October 2026 via checked.be.