TVX Works: 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.
TVX Works
Largest movements
- Receivables within one year -€5,020
down €5,020 (-29.7%), from €16,914 to €11,894
of which Trade receivables: -€5,092
- Cash +€3,227
up €3,227 (+959%), from €336 to €3,563
mainly Net result for the year (+€9,261) and Other debts (+€6,260)
- Deferred charges and accrued income +€2,373
up €2,373 (+69.3%), from €3,423 to €5,796
- Tangible fixed assets +€609
up €609 (+47.4%), from €1,285 to €1,894
of which Plant, machinery and equipment: +€1,088
- Other debts +€6,260
up €6,260 (+91.9%), from €6,814 to €13,074
- Reserves -€3,624
down €3,624 (-100%), from €3,624 to €0
- Tax, wage and social debts -€1,327
down €1,327 (-22.5%), from €5,900 to €4,573
of which Remuneration and social security: -€2,600
- Gross operating margin +€5,563
up €5,563 (+70.8%), from €7,863 to €13,426
- Taxes +€1,070
up €1,070 (+78.8%), from €1,358 to €2,428
- Other operating charges +€165
up €165 (+17.4%), from €946 to €1,111
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 | €21,999 | €23,188 | +€1,189 | +5.4% |
| Fixed assets | 21/28 | €1,325 | €1,934 | +€609 | +46.0% |
| Tangible fixed assets | 22/27 | €1,285 | €1,894 | +€609 | +47.4% |
| Plant, machinery and equipment | 23 | - | €1,088 | +€1,088 | |
| Furniture and vehicles | 24 | €1,285 | €806 | -€479 | -37.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €20,674 | €21,253 | +€580 | +2.8% |
| Amounts receivable within one year | 40/41 | €16,914 | €11,894 | -€5,020 | -29.7% |
| Trade receivables | 40 | €16,914 | €11,822 | -€5,092 | -30.1% |
| Other amounts receivable | 41 | - | €72 | +€72 | |
| Cash at bank and in hand | 54/58 | €336 | €3,563 | +€3,227 | +959% |
| Deferred charges and accrued income | 490/1 | €3,423 | €5,796 | +€2,373 | +69.3% |
| Total equity and liabilities | 10/49 | €21,999 | €23,188 | +€1,189 | +5.4% |
| Equity | 10/15 | €7,624 | €4,000 | -€3,624 | -47.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,624 | €0 | -€3,624 | -100% |
| Distributable reserves | 133 | €3,624 | €0 | -€3,624 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,375 | €19,188 | +€4,812 | +33.5% |
| Amounts payable within one year | 42/48 | €14,375 | €19,188 | +€4,812 | +33.5% |
| Trade debts | 44 | €1,661 | €1,541 | -€120 | -7.2% |
| Suppliers | 440/4 | €1,661 | €1,541 | -€120 | -7.2% |
| Taxes, remuneration and social security | 45 | €5,900 | €4,573 | -€1,327 | -22.5% |
| Taxes | 450/3 | €3,300 | €4,573 | +€1,273 | +38.6% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts payable | 47/48 | €6,814 | €13,074 | +€6,260 | +91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €506 | +€51 | +11.3% |
| Other operating charges | 640/8 | €946 | €1,111 | +€165 | +17.4% |
| Gross operating margin | 9900 | €7,863 | €13,426 | +€5,563 | +70.8% |
| Operating profit (loss) | 9901 | €6,462 | €11,809 | +€5,347 | +82.7% |
| Financial income | 75/76B | €51 | €8 | -€43 | -85.2% |
| Recurring financial income | 75 | €51 | €8 | -€43 | -85.2% |
| Financial charges | 65/66B | €90 | €127 | +€37 | +41.1% |
| Recurring financial charges | 65 | €90 | €127 | +€37 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €6,422 | €11,689 | +€5,267 | +82.0% |
| Income taxes | 67/77 | €1,358 | €2,428 | +€1,070 | +78.8% |
| Profit (loss) for the period | 9904 | €5,064 | €9,261 | +€4,197 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,064 | €9,261 | +€4,197 | +82.9% |
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 1 November 2026 via checked.be.