T.D.E.: what changed
Two fiscal 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.E.
Largest movements
- Receivables within one year -€69,311
down €69,311 (-26.4%), from €262,103 to €192,791
of which Other amounts receivable: -€89,232
- Tangible fixed assets -€42,805
down €42,805 (-10.6%), from €405,133 to €362,328
of which Plant, machinery and equipment: -€43,691
- Cash +€26,497
up €26,497, from €0 to €26,497
mainly Receivables within one year (+€69,311) and Depreciation (+€49,531)
- Other debts -€37,722
down €37,722 (-16.8%), from €224,204 to €186,482
- Profit (loss) carried forward -€17,820
down €17,820 (-94.0%), from -€18,965 to -€36,785
- Trade debts -€14,558
down €14,558 (-18.8%), from €77,378 to €62,820
- Turnover +€153,405
up €153,405 (+26.4%), from €581,291 to €734,697
- Gross operating margin +€85,038
up €85,038 (+49.2%), from €172,716 to €257,754
- Purchases and services +€75,457
up €75,457 (+17.8%), from €423,513 to €498,970
- Staff costs +€11,030
up €11,030 (+5.7%), from €194,324 to €205,354
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.
Cash bridge derived
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 | €677,815 | €594,350 | -€83,465 | -12.3% |
| Fixed assets | 21/28 | €405,133 | €362,328 | -€42,805 | -10.6% |
| Tangible fixed assets | 22/27 | €405,133 | €362,328 | -€42,805 | -10.6% |
| Plant, machinery and equipment | 23 | €399,063 | €355,372 | -€43,691 | -10.9% |
| Furniture and vehicles | 24 | €6,070 | €6,956 | +€887 | +14.6% |
| Current assets | 29/58 | €272,682 | €232,022 | -€40,661 | -14.9% |
| Stocks and contracts in progress | 3 | €10,580 | €9,843 | -€737 | -7.0% |
| Stocks | 30/36 | €10,580 | €9,843 | -€737 | -7.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €262,103 | €192,791 | -€69,311 | -26.4% |
| Trade receivables | 40 | €129,522 | €149,442 | +€19,920 | +15.4% |
| Other amounts receivable | 41 | €132,581 | €43,349 | -€89,232 | -67.3% |
| Cash at bank and in hand | 54/58 | €0 | €26,497 | +€26,497 | |
| Deferred charges and accrued income | 490/1 | €0 | €2,891 | +€2,891 | |
| Total equity and liabilities | 10/49 | €677,815 | €594,350 | -€83,465 | -12.3% |
| Equity | 10/15 | €40,828 | €23,008 | -€17,820 | -43.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €41,043 | €41,043 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,043 | €41,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,965 | -€36,785 | -€17,820 | -94.0% |
| Amounts payable | 17/49 | €636,988 | €571,342 | -€65,645 | -10.3% |
| Amounts payable after more than one year | 17 | €2,664 | €0 | -€2,664 | -100.0% |
| Financial debts | 170/4 | €2,664 | €0 | -€2,664 | -100.0% |
| Amounts payable within one year | 42/48 | €629,186 | €570,493 | -€58,693 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €291,367 | €287,687 | -€3,680 | -1.3% |
| Credit institutions | 430/8 | €291,367 | €287,687 | -€3,680 | -1.3% |
| Trade debts | 44 | €77,378 | €62,820 | -€14,558 | -18.8% |
| Suppliers | 440/4 | €77,378 | €62,820 | -€14,558 | -18.8% |
| Taxes, remuneration and social security | 45 | €36,237 | €33,504 | -€2,733 | -7.5% |
| Taxes | 450/3 | €1,633 | €1,528 | -€105 | -6.4% |
| Remuneration and social security | 454/9 | €34,605 | €31,976 | -€2,628 | -7.6% |
| Other amounts payable | 47/48 | €224,204 | €186,482 | -€37,722 | -16.8% |
| Accrued charges and deferred income | 492/3 | €5,138 | €849 | -€4,289 | -83.5% |
| Turnover | 70 | €581,291 | €734,697 | +€153,405 | +26.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €423,513 | €498,970 | +€75,457 | +17.8% |
| Remuneration, social security and pensions | 62 | €194,324 | €205,354 | +€11,030 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,195 | €49,531 | +€335 | +0.7% |
| Other operating charges | 640/8 | €1,807 | €1,925 | +€118 | +6.5% |
| Gross operating margin | 9900 | €172,716 | €257,754 | +€85,038 | +49.2% |
| Operating profit (loss) | 9901 | -€72,610 | €945 | +€73,555 | |
| Financial income | 75/76B | €77 | €3,558 | +€3,481 | +4509.3% |
| Recurring financial income | 75 | €77 | €3,558 | +€3,481 | +4509.3% |
| Financial charges | 65/66B | €22,698 | €22,309 | -€389 | -1.7% |
| Recurring financial charges | 65 | €22,698 | €22,309 | -€389 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€95,231 | -€17,807 | +€77,425 | +81.3% |
| Income taxes | 67/77 | €23 | €13 | -€10 | -42.3% |
| Profit (loss) for the period | 9904 | -€95,254 | -€17,820 | +€77,434 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,254 | -€17,820 | +€77,434 | +81.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.