TADL: 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.
TADL
Largest movements
- Current investments +€9,044
up €9,044 (+54.0%), from €16,750 to €25,794
- Cash -€5,799
down €5,799 (-26.5%), from €21,866 to €16,067
mainly Current investments (-€9,044) and Debts after one year (-€6,834)
- Receivables within one year +€5,738
up €5,738 (+152.5%), from €3,762 to €9,500
- Tangible fixed assets -€2,668
down €2,668 (-10.3%), from €25,825 to €23,156
of which Furniture and vehicles: -€7,644
- Reserves +€11,125
up €11,125 (+51.5%), from €21,588 to €32,713
- Debts after one year -€6,834
down €6,834 (-36.7%), from €18,634 to €11,799
- Tax, wage and social debts +€1,924
up €1,924 (+12.3%), from €15,673 to €17,597
- Taxes -€712
down €712 (-8.5%), from €8,385 to €7,673
- Depreciation +€648
up €648 (+8.8%), from €7,381 to €8,029
- Financial charges -€347
down €347 (-20.2%), from €1,719 to €1,372
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 | €70,265 | €76,783 | +€6,517 | +9.3% |
| Fixed assets | 21/28 | €25,825 | €23,156 | -€2,668 | -10.3% |
| Tangible fixed assets | 22/27 | €25,825 | €23,156 | -€2,668 | -10.3% |
| Furniture and vehicles | 24 | €25,825 | €18,180 | -€7,644 | -29.6% |
| Other tangible fixed assets | 26 | - | €4,976 | +€4,976 | |
| Current assets | 29/58 | €44,441 | €53,626 | +€9,186 | +20.7% |
| Amounts receivable within one year | 40/41 | €3,762 | €9,500 | +€5,738 | +152.5% |
| Other amounts receivable | 41 | €3,762 | €9,500 | +€5,738 | +152.5% |
| Current investments | 50/53 | €16,750 | €25,794 | +€9,044 | +54.0% |
| Cash at bank and in hand | 54/58 | €21,866 | €16,067 | -€5,799 | -26.5% |
| Deferred charges and accrued income | 490/1 | €2,063 | €2,266 | +€203 | +9.8% |
| Total equity and liabilities | 10/49 | €70,265 | €76,783 | +€6,517 | +9.3% |
| Equity | 10/15 | €27,588 | €38,713 | +€11,125 | +40.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €21,588 | €32,713 | +€11,125 | +51.5% |
| Distributable reserves | 133 | €21,588 | €32,713 | +€11,125 | +51.5% |
| Amounts payable | 17/49 | €42,678 | €38,070 | -€4,608 | -10.8% |
| Amounts payable after more than one year | 17 | €18,634 | €11,799 | -€6,834 | -36.7% |
| Financial debts | 170/4 | €18,634 | €11,799 | -€6,834 | -36.7% |
| Amounts payable within one year | 42/48 | €24,044 | €26,270 | +€2,226 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €6,458 | €6,834 | +€376 | +5.8% |
| Trade debts | 44 | €1,913 | €1,320 | -€593 | -31.0% |
| Suppliers | 440/4 | €1,913 | €1,320 | -€593 | -31.0% |
| Advances received on contracts in progress | 46 | - | €519 | +€519 | |
| Taxes, remuneration and social security | 45 | €15,673 | €17,597 | +€1,924 | +12.3% |
| Taxes | 450/3 | €15,673 | €17,597 | +€1,924 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,381 | €8,029 | +€648 | +8.8% |
| Other operating charges | 640/8 | €2,277 | €2,475 | +€199 | +8.7% |
| Gross operating margin | 9900 | €30,401 | €30,245 | -€156 | -0.5% |
| Operating profit (loss) | 9901 | €20,743 | €19,741 | -€1,002 | -4.8% |
| Financial income | 75/76B | €245 | €430 | +€185 | +75.3% |
| Recurring financial income | 75 | €245 | €430 | +€185 | +75.3% |
| Financial charges | 65/66B | €1,719 | €1,372 | -€347 | -20.2% |
| Recurring financial charges | 65 | €1,719 | €1,372 | -€347 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €19,269 | €18,799 | -€470 | -2.4% |
| Income taxes | 67/77 | €8,385 | €7,673 | -€712 | -8.5% |
| Profit (loss) for the period | 9904 | €10,884 | €11,125 | +€242 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,884 | €11,125 | +€242 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.