T.D.S.: 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.S.
Largest movements
- Receivables within one year -€28,822
down €28,822 (-25.3%), from €113,918 to €85,096
of which Other amounts receivable: -€28,403
- Tangible fixed assets +€14,745
up €14,745 (+98.6%), from €14,956 to €29,701
of which Furniture and vehicles: +€16,377
- Deferred charges and accrued income -€5,660
down €5,660 (-92.2%), from €6,141 to €481
- Tax, wage and social debts -€9,912
down €9,912 (-40.0%), from €24,775 to €14,863
- Other debts -€5,971
down €5,971 (-24.5%), from €24,380 to €18,409
- Trade debts -€1,797
down €1,797 (-96.1%), from €1,870 to €73
- Gross operating margin -€25,994
down €25,994 (-67.6%), from €38,478 to €12,484
- Taxes -€9,474
down €9,474 (-86.7%), from €10,923 to €1,449
- Depreciation +€4,193
up €4,193 (+143.8%), from €2,915 to €7,108
- Other operating charges +€802
up €802 (+47.0%), from €1,708 to €2,510
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 | €135,578 | €117,038 | -€18,540 | -13.7% |
| Fixed assets | 21/28 | €14,970 | €29,715 | +€14,745 | +98.5% |
| Tangible fixed assets | 22/27 | €14,956 | €29,701 | +€14,745 | +98.6% |
| Plant, machinery and equipment | 23 | €10,488 | €8,856 | -€1,632 | -15.6% |
| Furniture and vehicles | 24 | €4,468 | €20,845 | +€16,377 | +366.5% |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €120,608 | €87,323 | -€33,285 | -27.6% |
| Amounts receivable within one year | 40/41 | €113,918 | €85,096 | -€28,822 | -25.3% |
| Trade receivables | 40 | €14,523 | €14,104 | -€419 | -2.9% |
| Other amounts receivable | 41 | €99,395 | €70,992 | -€28,403 | -28.6% |
| Cash at bank and in hand | 54/58 | €549 | €1,746 | +€1,197 | +218.0% |
| Deferred charges and accrued income | 490/1 | €6,141 | €481 | -€5,660 | -92.2% |
| Total equity and liabilities | 10/49 | €135,578 | €117,038 | -€18,540 | -13.7% |
| Equity | 10/15 | €82,720 | €81,388 | -€1,332 | -1.6% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €56,064 | €56,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,064 | €56,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €56,064 | €56,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,177 | €22,845 | -€1,332 | -5.5% |
| Amounts payable | 17/49 | €52,858 | €35,650 | -€17,208 | -32.6% |
| Amounts payable within one year | 42/48 | €52,858 | €35,650 | -€17,208 | -32.6% |
| Financial debts | 43 | €1,833 | €2,305 | +€472 | +25.8% |
| Credit institutions | 430/8 | €1,833 | €2,305 | +€472 | +25.8% |
| Trade debts | 44 | €1,870 | €73 | -€1,797 | -96.1% |
| Suppliers | 440/4 | €1,870 | €73 | -€1,797 | -96.1% |
| Taxes, remuneration and social security | 45 | €24,775 | €14,863 | -€9,912 | -40.0% |
| Taxes | 450/3 | €24,775 | €14,863 | -€9,912 | -40.0% |
| Other amounts payable | 47/48 | €24,380 | €18,409 | -€5,971 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,915 | €7,108 | +€4,193 | +143.8% |
| Other operating charges | 640/8 | €1,708 | €2,510 | +€802 | +47.0% |
| Gross operating margin | 9900 | €38,478 | €12,484 | -€25,994 | -67.6% |
| Operating profit (loss) | 9901 | €33,855 | €2,866 | -€30,989 | -91.5% |
| Financial charges | 65/66B | €2,815 | €2,749 | -€66 | -2.3% |
| Recurring financial charges | 65 | €2,815 | €2,749 | -€66 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €31,040 | €117 | -€30,923 | -99.6% |
| Income taxes | 67/77 | €10,923 | €1,449 | -€9,474 | -86.7% |
| Profit (loss) for the period | 9904 | €20,117 | -€1,332 | -€21,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,117 | -€1,332 | -€21,449 |
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 12 October 2026 via checked.be.