T-DESIGN: 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-DESIGN
Largest movements
- Receivables within one year +€32,683
up €32,683 (+38.3%), from €85,244 to €117,927
of which Trade receivables: +€30,012
- Tangible fixed assets +€19,890
up €19,890 (+25.3%), from €78,569 to €98,460
of which Plant, machinery and equipment: +€20,403
- Cash -€5,807
down €5,807 (-94.1%), from €6,173 to €366
mainly Net result for the year (-€94,098) and Investment in fixed assets (net) (-€38,330)
- Profit (loss) carried forward -€94,098
down €94,098 (-130%), from -€72,511 to -€166,608
- Debts after one year +€51,620
up €51,620 (+157%), from €32,933 to €84,552
- Trade debts +€32,317
up €32,317 (+38.1%), from €84,778 to €117,095
- Other debts +€22,618
up €22,618 (+24.9%), from €90,815 to €113,433
- Short-term financial debts +€21,878
up €21,878 (+47.4%), from €46,180 to €68,058
of which Credit institutions: +€19,930
- Gross operating margin -€141,741
down €141,741 (-90.2%), from €157,193 to €15,452
- Staff costs -€43,472
down €43,472 (-37.2%), from €116,721 to €73,248
- Financial charges -€4,044
down €4,044 (-20.1%), from €20,126 to €16,083
of which Financial charges: -€4,044
- Depreciation +€2,663
up €2,663 (+15.7%), from €16,972 to €19,635
- Financial income +€2,167
new in 2025: €2,167
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 | €228,590 | €275,529 | +€46,939 | +20.5% |
| Fixed assets | 21/28 | €82,399 | €101,093 | +€18,695 | +22.7% |
| Intangible fixed assets | 21 | €3,829 | €2,634 | -€1,196 | -31.2% |
| Tangible fixed assets | 22/27 | €78,569 | €98,460 | +€19,890 | +25.3% |
| Plant, machinery and equipment | 23 | €55,149 | €75,552 | +€20,403 | +37.0% |
| Furniture and vehicles | 24 | €23,421 | €22,908 | -€513 | -2.2% |
| Current assets | 29/58 | €146,191 | €174,436 | +€28,245 | +19.3% |
| Stocks and contracts in progress | 3 | €54,157 | €55,157 | +€1,000 | +1.8% |
| Stocks | 30/36 | €29,542 | €30,092 | +€550 | +1.9% |
| Contracts in progress | 37 | €24,615 | €25,065 | +€450 | +1.8% |
| Amounts receivable within one year | 40/41 | €85,244 | €117,927 | +€32,683 | +38.3% |
| Trade receivables | 40 | €59,112 | €89,124 | +€30,012 | +50.8% |
| Other amounts receivable | 41 | €26,132 | €28,803 | +€2,671 | +10.2% |
| Cash at bank and in hand | 54/58 | €6,173 | €366 | -€5,807 | -94.1% |
| Deferred charges and accrued income | 490/1 | €617 | €986 | +€369 | +59.8% |
| Total equity and liabilities | 10/49 | €228,590 | €275,529 | +€46,939 | +20.5% |
| Equity | 10/15 | -€53,911 | -€148,008 | -€94,098 | -175% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€72,511 | -€166,608 | -€94,098 | -130% |
| Amounts payable | 17/49 | €282,501 | €423,538 | +€141,037 | +49.9% |
| Amounts payable after more than one year | 17 | €32,933 | €84,552 | +€51,620 | +157% |
| Financial debts | 170/4 | €32,933 | €84,552 | +€51,620 | +157% |
| Amounts payable within one year | 42/48 | €246,923 | €330,140 | +€83,216 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €10,591 | €20,310 | +€9,719 | +91.8% |
| Financial debts | 43 | €46,180 | €68,058 | +€21,878 | +47.4% |
| Credit institutions | 430/8 | €8,529 | €28,459 | +€19,930 | +234% |
| Other loans | 439 | €37,651 | €39,599 | +€1,948 | +5.2% |
| Trade debts | 44 | €84,778 | €117,095 | +€32,317 | +38.1% |
| Suppliers | 440/4 | €84,778 | €117,095 | +€32,317 | +38.1% |
| Taxes, remuneration and social security | 45 | €14,560 | €11,244 | -€3,316 | -22.8% |
| Taxes | 450/3 | €9,323 | €5,429 | -€3,894 | -41.8% |
| Remuneration and social security | 454/9 | €5,237 | €5,815 | +€578 | +11.0% |
| Other amounts payable | 47/48 | €90,815 | €113,433 | +€22,618 | +24.9% |
| Accrued charges and deferred income | 492/3 | €2,645 | €8,846 | +€6,201 | +234% |
| Remuneration, social security and pensions | 62 | €116,721 | €73,248 | -€43,472 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,972 | €19,635 | +€2,663 | +15.7% |
| Other operating charges | 640/8 | €1,961 | €2,372 | +€411 | +20.9% |
| Gross operating margin | 9900 | €157,193 | €15,452 | -€141,741 | -90.2% |
| Operating profit (loss) | 9901 | €21,539 | -€79,804 | -€101,342 | |
| Financial income | 75/76B | - | €2,167 | +€2,167 | |
| Recurring financial income | 75 | - | €2,167 | +€2,167 | |
| Financial charges | 65/66B | €20,126 | €16,083 | -€4,044 | -20.1% |
| Recurring financial charges | 65 | €20,126 | €16,083 | -€4,044 | -20.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,412 | -€93,719 | -€95,131 | |
| Income taxes | 67/77 | €373 | €379 | +€6 | +1.5% |
| Profit (loss) for the period | 9904 | €1,039 | -€94,098 | -€95,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,039 | -€94,098 | -€95,137 |
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 17 October 2026 via checked.be.