T. D. Services: 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. Services
Largest movements
- Tangible fixed assets +€214,302
up €214,302 (+50.0%), from €428,512 to €642,814
of which Land and buildings: +€259,294
- Cash -€100,030
down €100,030 (-61.7%), from €162,113 to €62,083
mainly Investment in fixed assets (net) (-€290,120) and Tax, wage and social debts (-€38,775)
- Debts after one year +€84,081
up €84,081 (+54.5%), from €154,208 to €238,289
- Contributions +€63,385
up €63,385 (+10.0%), from €633,850 to €697,235
- Other debts +€54,283
up €54,283 (+13.3%), from €408,979 to €463,262
- Reserves -€42,655
down €42,655 (-5.2%), from €821,102 to €778,447
of which Non-distributable reserves: -€63,385
- Tax, wage and social debts -€38,775
down €38,775 (-95.1%), from €40,776 to €2,001
of which Taxes: -€38,331
- Gross operating margin -€51,257
down €51,257 (-24.5%), from €209,259 to €158,002
- Taxes -€25,005
down €25,005 (-61.6%), from €40,606 to €15,601
- Depreciation +€19,840
up €19,840 (+35.4%), from €55,978 to €75,818
- Other operating charges +€6,180
up €6,180 (+56.0%), from €11,044 to €17,224
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 | €2,321,352 | €2,451,021 | +€129,669 | +5.6% |
| Fixed assets | 21/28 | €2,109,512 | €2,323,814 | +€214,302 | +10.2% |
| Tangible fixed assets | 22/27 | €428,512 | €642,814 | +€214,302 | +50.0% |
| Land and buildings | 22 | €173,664 | €432,958 | +€259,294 | +149.3% |
| Plant, machinery and equipment | 23 | €56,671 | €50,008 | -€6,662 | -11.8% |
| Furniture and vehicles | 24 | €22,842 | €12,695 | -€10,147 | -44.4% |
| Other tangible fixed assets | 26 | €175,335 | €147,152 | -€28,183 | -16.1% |
| Financial fixed assets | 28 | €1,681,000 | €1,681,000 | = | 0.0% |
| Current assets | 29/58 | €211,839 | €127,207 | -€84,632 | -40.0% |
| Amounts receivable within one year | 40/41 | €49,726 | €60,088 | +€10,361 | +20.8% |
| Trade receivables | 40 | €35,824 | €20,900 | -€14,925 | -41.7% |
| Other amounts receivable | 41 | €13,902 | €39,188 | +€25,286 | +181.9% |
| Cash at bank and in hand | 54/58 | €162,113 | €62,083 | -€100,030 | -61.7% |
| Deferred charges and accrued income | 490/1 | - | €5,036 | +€5,036 | |
| Total equity and liabilities | 10/49 | €2,321,352 | €2,451,021 | +€129,669 | +5.6% |
| Equity | 10/15 | €1,465,480 | €1,486,210 | +€20,730 | +1.4% |
| Contributions | 10/11 | €633,850 | €697,235 | +€63,385 | +10.0% |
| Reserves | 13 | €821,102 | €778,447 | -€42,655 | -5.2% |
| Non-distributable reserves | 130/1 | €63,385 | - | -€63,385 | |
| Reserves not available under the articles | 1311 | €63,385 | - | -€63,385 | |
| Distributable reserves | 133 | €757,717 | €778,447 | +€20,730 | +2.7% |
| Profit (loss) carried forward | 14 | €10,528 | €10,528 | = | 0.0% |
| Amounts payable | 17/49 | €855,872 | €964,811 | +€108,940 | +12.7% |
| Amounts payable after more than one year | 17 | €154,208 | €238,289 | +€84,081 | +54.5% |
| Financial debts | 170/4 | €154,208 | €238,289 | +€84,081 | +54.5% |
| Amounts payable within one year | 42/48 | €700,304 | €725,163 | +€24,859 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €68,648 | €97,181 | +€28,533 | +41.6% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €56,901 | €37,719 | -€19,182 | -33.7% |
| Suppliers | 440/4 | €56,901 | €37,719 | -€19,182 | -33.7% |
| Taxes, remuneration and social security | 45 | €40,776 | €2,001 | -€38,775 | -95.1% |
| Taxes | 450/3 | €40,332 | €2,001 | -€38,331 | -95.0% |
| Remuneration and social security | 454/9 | €444 | - | -€444 | |
| Other amounts payable | 47/48 | €408,979 | €463,262 | +€54,283 | +13.3% |
| Accrued charges and deferred income | 492/3 | €1,360 | €1,360 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,978 | €75,818 | +€19,840 | +35.4% |
| Other operating charges | 640/8 | €11,044 | €17,224 | +€6,180 | +56.0% |
| Gross operating margin | 9900 | €209,259 | €158,002 | -€51,257 | -24.5% |
| Operating profit (loss) | 9901 | €142,237 | €64,960 | -€77,277 | -54.3% |
| Financial income | 75/76B | €41 | €4 | -€37 | -90.4% |
| Recurring financial income | 75 | €41 | €4 | -€37 | -90.4% |
| Financial charges | 65/66B | €28,434 | €28,634 | +€201 | +0.7% |
| Recurring financial charges | 65 | €24,417 | €28,634 | +€4,217 | +17.3% |
| Non-recurring financial charges | 66B | €4,017 | - | -€4,017 | |
| Profit (loss) for the period before taxes | 9903 | €113,845 | €36,330 | -€77,515 | -68.1% |
| Income taxes | 67/77 | €40,606 | €15,601 | -€25,005 | -61.6% |
| Profit (loss) for the period | 9904 | €73,239 | €20,730 | -€52,510 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,239 | €20,730 | -€52,510 | -71.7% |
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.