T.D.CONCEPT: 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.
T.D.CONCEPT
Largest movements
- Stocks and contracts +€26,009
new in 2025: €26,009
- Receivables within one year +€24,407
up €24,407 (+43.7%), from €55,903 to €80,309
of which Other amounts receivable: +€16,429
- Tangible fixed assets -€14,723
down €14,723 (-91.0%), from €16,173 to €1,450
of which Furniture and vehicles: -€12,236
- Deferred charges and accrued income -€9,444
down €9,444 (-97.3%), from €9,708 to €264
- Cash -€8,125
down €8,125 (-93.5%), from €8,694 to €569
mainly Stocks and contracts (-€26,009) and Receivables within one year (-€24,407)
- Trade debts +€23,289
up €23,289 (+463%), from €5,034 to €28,323
- Debts after one year +€22,481
new in 2025: €22,481
- Profit (loss) carried forward -€21,826
down €21,826 (-35.8%), from €61,015 to €39,189
- Tax, wage and social debts -€8,264
down €8,264 (-49.8%), from €16,588 to €8,324
- Current portion of long-term debt +€1,986
new in 2025: €1,986
- Gross operating margin -€44,480
down €44,480, from €41,042 to -€3,438
- Taxes -€5,812
no longer reported in 2025 (was €5,812)
- Other operating charges -€4,419
down €4,419 (-29.9%), from €14,796 to €10,377
- Depreciation -€2,995
down €2,995 (-36.6%), from €8,175 to €5,180
- Financial charges -€1,142
down €1,142 (-28.6%), from €3,988 to €2,845
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 | €92,637 | €110,304 | +€17,667 | +19.1% |
| Fixed assets | 21/28 | €18,332 | €3,153 | -€15,180 | -82.8% |
| Intangible fixed assets | 21 | €1,024 | €568 | -€457 | -44.6% |
| Tangible fixed assets | 22/27 | €16,173 | €1,450 | -€14,723 | -91.0% |
| Plant, machinery and equipment | 23 | €3,438 | €951 | -€2,487 | -72.3% |
| Furniture and vehicles | 24 | €12,735 | €499 | -€12,236 | -96.1% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €74,305 | €107,151 | +€32,847 | +44.2% |
| Stocks and contracts in progress | 3 | - | €26,009 | +€26,009 | |
| Contracts in progress | 37 | - | €26,009 | +€26,009 | |
| Amounts receivable within one year | 40/41 | €55,903 | €80,309 | +€24,407 | +43.7% |
| Trade receivables | 40 | €45,150 | €53,129 | +€7,978 | +17.7% |
| Other amounts receivable | 41 | €10,752 | €27,181 | +€16,429 | +153% |
| Cash at bank and in hand | 54/58 | €8,694 | €569 | -€8,125 | -93.5% |
| Deferred charges and accrued income | 490/1 | €9,708 | €264 | -€9,444 | -97.3% |
| Total equity and liabilities | 10/49 | €92,637 | €110,304 | +€17,667 | +19.1% |
| Equity | 10/15 | €71,015 | €49,189 | -€21,826 | -30.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,015 | €39,189 | -€21,826 | -35.8% |
| Amounts payable | 17/49 | €21,622 | €61,115 | +€39,493 | +183% |
| Amounts payable after more than one year | 17 | - | €22,481 | +€22,481 | |
| Financial debts | 170/4 | - | €22,481 | +€22,481 | |
| Amounts payable within one year | 42/48 | €21,622 | €38,634 | +€17,012 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,986 | +€1,986 | |
| Trade debts | 44 | €5,034 | €28,323 | +€23,289 | +463% |
| Suppliers | 440/4 | €5,034 | €28,323 | +€23,289 | +463% |
| Taxes, remuneration and social security | 45 | €16,588 | €8,324 | -€8,264 | -49.8% |
| Taxes | 450/3 | €16,588 | €8,324 | -€8,264 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,175 | €5,180 | -€2,995 | -36.6% |
| Other operating charges | 640/8 | €14,796 | €10,377 | -€4,419 | -29.9% |
| Gross operating margin | 9900 | €41,042 | -€3,438 | -€44,480 | |
| Operating profit (loss) | 9901 | €18,072 | -€18,995 | -€37,066 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €3,988 | €2,845 | -€1,142 | -28.6% |
| Recurring financial charges | 65 | €3,988 | €2,845 | -€1,142 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €14,084 | -€21,826 | -€35,910 | |
| Income taxes | 67/77 | €5,812 | - | -€5,812 | |
| Profit (loss) for the period | 9904 | €8,272 | -€21,826 | -€30,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,272 | -€21,826 | -€30,098 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.