TONDEUR DIFFUSION

Active Public limited companyfounded 1968active for 58 yearsFrans van Kalkenlaan 9, 1070 AnderlechtKBO/BCE: BE 0403.542.368 subsidiary of TONDEUR et Cie

TONDEUR DIFFUSION

Financial year 2025

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Annual accounts 2025

full format, filed on 22-06-2026, 39 days before the deadline

€8.0m

▼ 2.3%

-€257,533

▼ €126,183

-€56,066

▼ €103,449

€221,722

▼ 31.8%

37.8%

▲ 2.0 percentage points

1.66

▲ 0.07

Money flows

of every €100 of turnover, €0.25 remains as profit in 2025

Balance sheet

balance sheet total €9.1m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

37.8%

Higher than 42% of 6,188 companies in 2025.

1.66

Higher than 46% of 6,108 companies in 2025.

0.2%

Higher than 26% of 6,172 companies in 2025.

TONDEUR DIFFUSION Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

Men and women21% women

34.7 men and 9 women in full-time equivalents in 2025.

€43,137

Men €41,879, women €47,990 per full-time equivalent. Jobs differ, so this is not a pay gap.

-6 people

people who joined people who left

In 2025, 32 people joined and 38 left. Agency workers: 1.2 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	9.1m	9.6m	9.8m	10.0m	11.9m	11.9m	12.2m	12.4m	13.2m	15.1m	14.4m	13.4m	14.2m	15.4m	13.6m	13.0m	12.6m	11.5m	12.9m	12.4m
`21/28`	460,997	498,471	469,894	514,942	374,956	438,002	480,023	594,766	762,509	627,997	70,999	67,011	103,562	144,047	148,256	121,456	176,850	329,001	551,148	599,141
`21`	21,042	71,542	122,042	172,542	223,042	273,542	324,042	374,542	425,042	475,542	-	-	-	-	-	-	-	-	-	-
`22/27`	439,020	424,994	345,117	339,665	135,442	161,725	153,246	219,089	337,332	152,320	70,999	67,011	103,562	144,047	148,256	121,456	176,850	329,001	551,148	599,141
`22`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,256	1,859	83,027	164,195	245,363
`24`	246,521	259,676	136,715	103,759	102,333	161,725	153,246	215,189	327,170	133,654	61,160	61,583	96,041	130,172	114,951	89,359	123,407	169,327	287,437	237,921
`26`	192,499	165,318	208,402	235,906	33,110	-	-	3,900	10,162	18,666	9,839	5,429	7,522	13,874	33,305	30,841	51,584	76,647	99,515	115,857
`28`	935	1,935	2,735	2,735	16,472	2,735	2,735	1,135	135	135	-	-	-	-	-	-	-	-	-	-
`284/8`	935	1,935	2,735	2,735	16,472	2,735	2,735	1,135	135	135	-	-	-	-	-	-	-	-	-	-
`285/8`	935	1,935	2,735	2,735	16,472	2,735	2,735	1,135	135	135	-	-	-	-	-	-	-	-	-	-
`29/58`	8.7m	9.1m	9.4m	9.5m	11.5m	11.5m	11.7m	11.8m	12.4m	14.5m	14.3m	13.3m	14.1m	15.3m	13.4m	12.9m	12.5m	11.1m	12.4m	11.8m
`29`	-	-	-	-	-	-	-	-	-	-	-	33,258	64,404	-	-	-	-	-	-	-
`291`	-	-	-	-	-	-	-	-	-	-	-	33,258	64,404	-	-	-	-	-	-	-
`3`	899,976	807,372	778,375	712,196	1.1m	1.3m	1.6m	1.3m	1.1m	1.4m	755,014	903,954	663,607	895,563	642,582	580,134	575,153	691,501	715,154	691,117
`30/36`	899,976	807,372	778,375	712,196	1.1m	1.3m	1.6m	1.3m	1.1m	1.4m	755,014	903,954	663,607	895,563	642,582	580,134	575,153	691,501	715,154	691,117
`34`	899,976	807,372	778,375	712,196	1.1m	1.3m	1.6m	1.3m	1.1m	1.4m	755,014	903,954	663,607	895,563	642,582	580,134	575,153	691,501	715,154	691,117
`40/41`	2.0m	2.2m	2.8m	3.0m	3.4m	3.8m	3.5m	4.1m	5.0m	6.4m	4.4m	3.7m	4.3m	5.2m	4.7m	4.7m	4.7m	4.0m	5.1m	5.0m
`40`	2.0m	2.2m	2.7m	3.0m	3.3m	3.7m	3.5m	4.0m	5.0m	6.1m	4.4m	3.6m	4.1m	5.0m	4.7m	4.7m	4.5m	3.9m	5.1m	4.9m
`41`	60,580	29,626	25,000	-	41,045	85,910	30,911	97,131	6,413	357,667	7,679	147,897	145,730	184,929	2,475	2,475	142,268	57,822	56,592	70,807
`50/53`	5.6m	6.1m	5.8m	5.6m	7.0m	6.4m	6.5m	6.1m	6.2m	6.6m	9.0m	8.5m	8.7m	8.5m	7.8m	7.3m	6.9m	6.1m	6.2m	5.6m
`51/53`	5.6m	6.1m	5.8m	5.6m	7.0m	6.4m	6.5m	6.1m	6.2m	6.6m	9.0m	8.5m	8.7m	8.5m	7.8m	7.3m	6.9m	6.1m	6.2m	5.6m
`54/58`	12,358	8,231	26,447	155,061	117,379	40,360	26,879	329,575	39,376	15,715	112,241	122,672	254,361	438,978	97,138	91,553	106,138	311,592	293,175	482,413
`490/1`	96,855	9,431	2,513	15,174	1,957	6,577	48,435	2,403	8,832	65,555	22,144	28,793	92,781	217,755	221,932	192,263	179,855	22,815	5,613	14,814
Balance sheet: equity and liabilities
`10/49`	9.1m	9.6m	9.8m	10.0m	11.9m	11.9m	12.2m	12.4m	13.2m	15.1m	14.4m	13.4m	14.2m	15.4m	13.6m	13.0m	12.6m	11.5m	12.9m	12.4m
`10/15`	3.5m	3.4m	3.3m	3.1m	2.8m	3.8m	3.7m	3.7m	3.7m	3.7m	3.7m	3.6m	3.5m	3.0m	2.5m	2.0m	1.5m	1.0m	1.0m	879,637
`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	3.4m	3.4m	3.2m	3.0m	2.8m	3.7m	3.7m	3.7m	3.6m	3.6m	3.7m	3.5m	3.4m	2.9m	2.4m	1.9m	1.4m	953,973	948,926	805,492
`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`132`	-	-	-	-	-	-	-	85,527	124,000	124,000	213,507	450,000	450,000	150,000	-	-	-	-	-	-
`133`	3.4m	3.4m	3.2m	3.0m	2.8m	3.7m	3.7m	3.6m	3.5m	3.5m	3.5m	3.1m	3.0m	2.8m	2.4m	1.9m	1.4m	947,773	942,726	799,292
`15`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,584	6,865	12,146
`16`	-	-	-	-	-	14,237	90,546	95,264	73,092	103,372	95,007	55,476	67,796	93,077	103,192	71,348	121,045	75,523	111,680	108,880
`160/5`	-	-	-	-	-	14,237	90,546	95,264	73,092	103,372	95,007	55,476	67,796	93,077	103,192	71,348	121,045	74,707	108,145	102,625
`164/5`	-	-	-	-	-	14,237	90,546	95,264	73,092	103,372	95,007	55,476	67,796	93,077	103,192	71,348	121,045	74,707	108,145	102,625
`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	816	3,535	6,254
`17/49`	5.7m	6.2m	6.5m	6.9m	9.0m	8.1m	8.4m	8.6m	9.4m	11.3m	10.6m	9.7m	10.6m	12.3m	11.0m	10.9m	11.1m	10.4m	11.8m	11.5m
`17`	380,334	394,265	372,862	315,904	281,510	276,224	286,874	301,728	319,804	282,708	306,072	317,001	329,673	357,350	373,763	396,138	402,140	419,195	413,057	404,279
`178/9`	380,334	394,265	372,862	315,904	281,510	276,224	286,874	301,728	319,804	282,708	306,072	317,001	329,673	357,350	373,763	396,138	402,140	419,195	413,057	404,279
`42/48`	5.2m	5.7m	6.1m	6.5m	8.7m	7.8m	8.0m	8.2m	9.0m	10.9m	10.2m	9.3m	10.2m	11.9m	10.5m	10.4m	10.5m	9.8m	11.2m	10.8m
`44`	4.9m	5.4m	5.7m	6.1m	7.4m	7.5m	7.7m	7.9m	8.5m	10.6m	9.8m	9.0m	9.8m	11.5m	10.1m	9.8m	10.0m	9.4m	10.8m	10.4m
`440/4`	4.9m	5.4m	5.7m	6.1m	7.4m	7.5m	7.7m	7.9m	8.5m	10.6m	9.8m	9.0m	9.8m	11.5m	10.1m	9.8m	10.0m	9.4m	10.8m	10.4m
`45`	335,391	322,002	440,152	408,478	340,987	270,286	290,191	282,787	555,251	345,400	381,215	318,946	333,246	341,711	415,689	474,173	388,131	344,591	415,955	431,266
`450/3`	41,281	43,442	139,001	130,421	72,212	65,330	51,541	22,813	155,070	47,687	70,777	57,689	55,357	52,624	127,124	116,271	68,940	52,834	53,914	117,205
`454/9`	294,111	278,560	301,151	278,058	268,776	204,956	238,650	259,974	400,182	297,713	310,438	261,257	277,889	289,087	288,565	357,902	319,190	291,757	362,041	314,061
`47/48`	-	-	-	-	1.0m	3,057	3,057	3,057	3,057	-	-	-	60,000	60,000	47,017	121,730	136,906	-	-	-
`492/3`	66,950	53,315	46,761	46,641	54,083	48,850	62,711	72,824	66,688	71,827	80,022	93,788	101,562	104,761	113,239	123,562	157,351	182,507	181,146	200,659
Income statement
`70/76A`	8.1m	8.4m	8.8m	9.1m	9.2m	8.9m	10.1m	11.6m	12.9m	14.8m	9.9m	10.0m	11.6m	12.2m	10.6m	10.8m	10.8m	10.0m	10.7m	11.6m
`70`	8.0m	8.1m	8.5m	8.9m	8.9m	8.7m	10.0m	11.4m	12.6m	14.6m	9.8m	9.9m	11.4m	12.0m	10.4m	10.6m	10.7m	9.9m	10.5m	11.5m
`74`	157,733	212,862	302,640	199,841	306,819	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,568	-	-	-	-	-
`60/66A`	8.4m	8.5m	8.6m	8.8m	9.2m	8.8m	10.1m	11.6m	12.9m	14.9m	9.7m	9.9m	11.2m	11.7m	10.2m	10.2m	10.6m	9.9m	10.7m	11.6m
`60`	5.3m	5.3m	5.8m	6.1m	6.4m	5.9m	6.7m	7.6m	8.6m	10.7m	6.3m	6.5m	7.6m	8.1m	6.9m	6.9m	7.1m	6.4m	7.3m	7.7m
`600/8`	5.4m	5.4m	5.8m	5.7m	6.2m	5.6m	7.0m	7.7m	8.4m	11.3m	6.1m	6.7m	7.4m	8.4m	6.9m	7.0m	7.0m	6.4m	7.3m	7.7m
`609`	-92,604	-28,997	-66,178	339,653	222,268	346,549	-299,736	-184,549	248,522	-629,889	148,940	-220,884	212,493	-252,980	-62,448	-4,981	116,349	23,653	-24,036	5,942
`61`	745,163	798,887	698,877	785,640	776,601	878,216	1.0m	1.2m	1.6m	1.6m	1.3m	1.2m	1.2m	1.2m	1.0m	1.0m	1.1m	1.1m	1.1m	1.2m
`62`	1.9m	1.9m	1.9m	1.7m	1.7m	1.6m	1.9m	2.3m	2.5m	2.4m	2.0m	2.1m	2.1m	2.2m	2.1m	2.1m	2.1m	2.1m	2.2m	2.2m
`630`	201,466	178,733	156,916	115,296	110,453	150,467	232,226	204,409	204,318	92,049	66,893	64,861	87,762	92,491	87,345	107,812	204,351	260,533	272,452	276,679
`631/4`	91,568	107,543	-464,114	-76,027	68,364	114,000	104,390	216,256	-97,349	2,163	22,016	-19,358	19,123	-264	-2	206	-3,124	-1,306	-215,996	189,576
`635/8`	-	-	-	-	-14,237	-76,309	-4,718	22,172	-30,280	8,365	39,531	-12,320	-25,281	-10,115	31,844	-49,698	46,339	-33,438	5,520	-138,704
`640/8`	164,288	138,747	598,429	182,777	108,621	197,057	107,486	100,481	118,958	106,443	97,969	96,826	95,656	91,423	89,097	87,585	87,030	87,551	83,964	85,476
`9901`	-257,533	-131,350	141,665	261,949	63,160	118,999	36,187	-4,061	-39,905	-160,695	190,572	115,236	402,608	444,537	413,228	588,053	166,049	49,416	18,552	67,093
`75/76B`	346,294	407,380	172,699	102,332	159,096	48,557	112,644	128,020	118,218	266,416	123,495	142,517	218,806	267,917	246,313	274,136	324,819	183,458	221,044	175,207
`75`	346,294	407,380	172,699	102,332	159,096	48,557	112,644	128,020	118,218	266,416	123,495	142,517	218,806	267,917	246,313	274,136	324,819	183,458	221,044	175,207
`751`	106,736	90,008	107,708	54,475	53,070	16,450	74,515	97,529	75,129	155,457	123,471	142,459	218,644	267,584	245,905	259,304	322,514	177,645	215,631	159,824
`752/9`	239,558	317,372	64,992	47,857	106,026	32,107	38,130	30,491	43,089	110,958	24	58	161	333	408	14,832	2,306	5,813	5,413	15,383
`65/66B`	44,795	98,987	18,567	21,231	127,574	58,883	104,523	39,065	21,927	110,545	65,636	76,461	3,599	10,835	2,904	26,108	3,132	17,636	3,075	4,446
`65`	44,795	98,987	18,567	21,231	127,574	58,883	104,523	39,065	21,927	110,545	65,636	76,461	3,599	10,835	2,904	26,108	3,132	17,636	3,075	4,446
`652/9`	44,795	98,987	18,567	21,231	127,574	58,883	104,523	39,065	21,927	110,545	65,636	76,461	3,599	10,835	2,904	26,108	3,132	17,636	3,075	4,446
`9903`	43,967	177,043	295,797	343,050	94,681	108,673	44,308	84,894	56,386	-4,824	248,430	181,292	617,814	701,619	738,205	836,081	487,737	215,239	236,520	237,854
`67/77`	23,711	30,519	88,705	107,456	30,518	65,137	37,774	57,571	52,807	31,762	104,462	76,968	110,912	194,429	258,621	298,718	51,278	212,911	95,805	102,334
`670/3`	23,711	30,521	88,705	107,456	30,518	65,137	38,003	57,571	60,159	31,762	104,462	76,968	110,912	194,429	258,623	298,761	174,264	212,911	95,805	102,477
`77`	-	1	-	-	-	-	230	0	7,352	-	-	-	-	-	2	43	122,986	-	-	143
`9904`	20,256	146,524	207,092	235,593	64,163	43,536	6,535	27,323	3,578	-36,586	143,968	104,324	506,902	507,191	479,584	537,363	437,274	5,047	143,434	142,862
`789`	-	-	-	-	-	-	85,527	38,473	-	89,507	360,493	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	124,000	-	300,000	150,000	-	-	-	-	-	-
`9905`	20,256	146,524	207,092	235,593	64,163	43,536	92,062	65,795	3,578	52,921	380,462	104,324	206,902	357,191	479,584	537,363	437,274	5,047	143,434	142,862
Appropriation of the result
`9906`	20,256	146,524	207,092	235,593	64,163	43,536	92,062	65,795	3,578	52,921	380,462	104,324	206,902	357,191	479,584	537,363	437,274	5,047	143,434	142,862
`791/2`	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`792`	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	20,256	146,524	207,092	235,593	64,163	43,536	92,062	65,795	3,578	52,921	380,462	104,324	206,902	357,191	479,584	537,363	437,274	5,047	143,434	142,862
`6921`	20,256	146,524	207,092	235,593	64,163	43,536	92,062	65,795	3,578	52,921	380,462	104,324	206,902	357,191	479,584	537,363	437,274	5,047	143,434	142,862
`694/7`	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	43.7	47	46	43.3	43.7	45	52.6	64.3	71.3	64.6	51.8	57.4	58.5	59.7	59.9	61.4	63.1	65.7	71.9	74.8
Men (FTE)`1003`	34.7	38	36.6	34.7	35.1	35.7	41.3	51.4	56	51.3	46.4	50.7	51.3	51.3	-	-	-	-	-	-
Women (FTE)`1003`	9	9	9.4	8.6	8.6	9.3	11.3	12.9	15.3	13.3	5.4	6.7	7.2	8.4	-	-	-	-	-	-
Agency workers`1501`	1.2	1.5	1.7	2.5	2.8	4.8	4.2	-	1.2	1.4	0.7	0.7	2.6	1.4	1.1	0.7	1	0.9	0.5	0.6
Hours worked`1013`	66,442	71,662	67,218	65,386	68,318	65,165	78,895	92,798	106,110	100,131	81,674	90,968	93,037	99,800	97,959	100,869	101,079	104,491	114,342	119,982
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 29 older financial years (1977-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 50 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	22-06-2026	2026-00195945	PDF
31-12-2024	full format	26-06-2025	2025-00180099	PDF
31-12-2023	full format	16-07-2024	2024-00261119	PDF
31-12-2022	full format	23-06-2023	2023-00150721	PDF
31-12-2021	full format	21-06-2022	2022-20080378	PDF
31-12-2020	full format	25-06-2021	2021-25200421	PDF
31-12-2019	full format	26-06-2020	2020-22600419	PDF
31-12-2018	full format	24-06-2019	2019-24100522	PDF
31-12-2017	full format	05-07-2018	2018-29400529	PDF
31-12-2016	full format	26-06-2017	2017-23000065	PDF
31-12-2015	full format	22-06-2016	2016-20800205	PDF
31-12-2014	full format	30-06-2015	2015-25600048	PDF
31-12-2013	full format	02-07-2014	2014-27000074	PDF
31-12-2012	full format	20-06-2013	2013-21100591	PDF
31-12-2011	full format	25-06-2012	2012-23300259	PDF
31-12-2010	full format	30-06-2011	2011-25100218	PDF
31-12-2009	full format	07-07-2010	2010-28000314	PDF
31-12-2008	full format	01-07-2009	2009-33700354	PDF
31-12-2007	full format	30-06-2008	2008-31400084	PDF
31-12-2006	full format	03-07-2007	2007-33600351	PDF
31-12-2005	full format	27-06-2006	2006-33104988	PDF
31-12-2004	full format	06-07-2005	2005-43104179	PDF
31-12-2003	full format	07-07-2004	2004-41604764	PDF
31-12-2002	full format	03-07-2003	2003-38201094	PDF
31-12-2001	full format	12-07-2002	2002-36700174	PDF
31-12-2000	full format	17-07-2001	2001-38300107	PDF
31-12-1999	full format	30-08-2000	2000-52800236	PDF
31-12-1998	full format	02-07-1999	1999-27403810	PDF
31-12-1997	full format	25-08-1998	1998-41900739	PDF
31-12-1996	full format	27-06-1997	1997-22704393	PDF
31-12-1995	full format	28-06-1996	1996-24703294	PDF
31-12-1994	full format	05-07-1995	1995-35902775	PDF
31-12-1993	full format	22-06-1994	1994-18403790	PDF
31-12-1992	full format	12-07-1993	1993-25900150	PDF
31-12-1991	full format	24-06-1992	1992-14105264	PDF
31-12-1990	unclassified schema	02-07-1991	1991-15004821	PDF
31-12-1989	full format	18-07-1990	1990-18102485	PDF
31-12-1988	full format	12-07-1989	1989-16203646	PDF
31-12-1987	full format	23-06-1988	1988-09903659	PDF
31-12-1986	full format	06-10-1987	1987-22900694	PDF
31-12-1985	full format	01-07-1987	1987-14402077	PDF
31-12-1984	full format	16-07-1985	1985-24700377	PDF
31-12-1983	unclassified schema	04-10-1984	1984-13701562	PDF
31-12-1982	unclassified schema	20-01-1984	1984-00302349	PDF
31-12-1981	unclassified schema	27-08-1982	1982-11202223	PDF
31-12-1980	unclassified schema	09-07-1981	1981-08601340	PDF
31-12-1979	unclassified schema	10-07-1980	1980-08701021	PDF
31-12-1978	unclassified schema	13-07-1979	1979-08800774	PDF
31-12-1977	unclassified schema	27-06-1978	1978-03400530	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-56,066	47,383	298,581	377,244	173,613	269,466	268,412	200,347	164,413	-68,646	257,465	180,097	490,370	537,028	500,573	695,865	370,400	309,949	291,003	343,772
221,722	325,256	364,008	350,889	174,616	194,003	238,760	231,731	207,897	55,463	210,861	169,185	594,664	599,682	566,929	645,175	641,626	265,580	415,886	419,541
191,992	208,110	111,868	269,018	33,671	108,446	115,883	35,666	338,830	648,911	70,881	28,310	47,278	88,281	114,849	52,419	52,200	38,387	224,458	121,713
4,127	-18,216	-128,614	37,682	77,019	13,480	-302,696	290,199	23,662	-96,527	-10,431	-131,688	-184,617	341,840	5,585	-14,585	-205,454	18,417	-189,238	-
3.4m	3.4m	3.2m	2.9m	2.8m	3.7m	3.7m	3.6m	3.4m	3.5m	4.1m	4.0m	3.9m	3.4m	2.9m	2.5m	2.0m	1.4m	1.2m	994,314
-3.2%	-1.6%	1.7%	3.0%	0.7%	1.4%	0.4%	0.0%	-0.3%	-1.1%	1.9%	1.2%	3.5%	3.7%	4.0%	5.6%	1.6%	0.5%	0.2%	0.6%
37.8%	35.7%	33.4%	30.8%	23.9%	31.6%	30.7%	30.1%	28.1%	24.5%	25.9%	26.9%	24.6%	19.3%	18.2%	15.3%	11.5%	8.9%	7.9%	7.1%
1.66	1.59	1.53	1.45	1.32	1.47	1.46	1.44	1.38	1.32	1.41	1.43	1.38	1.29	1.28	1.24	1.19	1.14	1.10	1.09
1.48	1.45	1.40	1.34	1.20	1.31	1.26	1.28	1.25	1.20	1.33	1.33	1.32	1.21	1.22	1.18	1.13	1.07	1.04	1.03
1.65	1.80	1.99	2.24	3.18	2.16	2.24	2.30	2.54	3.06	2.83	2.71	3.05	4.15	4.46	5.49	7.62	10.19	11.59	13.02
0.6%	4.3%	6.3%	7.7%	2.3%	1.2%	0.2%	0.7%	0.1%	-1.0%	3.9%	2.9%	14.5%	17.0%	19.4%	27.0%	30.1%	0.5%	14.1%	16.2%
0.2%	1.5%	2.1%	2.4%	0.5%	0.4%	0.1%	0.2%	0.0%	-0.2%	1.0%	0.8%	3.6%	3.3%	3.5%	4.1%	3.5%	0.0%	1.1%	1.1%
-1.25	0.48	16.08	17.77	1.36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
90 days	98 days	117 days	122 days	136 days	156 days	128 days	128 days	144 days	152 days	164 days	132 days	133 days	154 days	165 days	162 days	155 days	146 days	176 days	157 days
297 days	321 days	321 days	327 days	373 days	406 days	363 days	330 days	303 days	314 days	474 days	426 days	405 days	448 days	465 days	449 days	444 days	455 days	471 days	427 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	44	50	53	48	46
full-time	32	36	36	33	32
part-time	12	14	17	15	14
in full-time equivalents	41.1	46.9	48.4	43.6	42
	43.7	47	46	43.3	43.7
On a permanent contract	42	45	47	45	45
Joined	32	20	18	9	7
Left	38	23	13	7	8
Agency workers, average number	1.2	1.5	1.7	2.5	2.8

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€892,417	€892,417	€892,417	€892,417	€892,417

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€191,992	€208,110	€111,868	€269,018	€33,671
	€201,466	€178,733	€156,916	€115,296	€110,453

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

Item	2025	2024	2023	2022	2021
Fee for the audit	€8,628	€8,512	€8,251	€7,942	€7,455

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on TONDEUR DIFFUSION

The operating result for 2025 is a loss of €257,533, larger than the loss of €131,350 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 64.3% to 62.2%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency37.8%

Current ratio1.66

Return on assets0.2%

Staff

Men and women21% women

Staff cost per FTE€43,137

Joined and left-6 people

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on TONDEUR DIFFUSION

Next steps

in €m

in euro

37.8%

1.66

0.2%

€43,137

-6 people