TD Bouw: 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.
TD Bouw
Largest movements
- Tangible fixed assets -€22,293
down €22,293 (-6.4%), from €350,127 to €327,834
of which Furniture and vehicles: -€12,435
- Cash -€6,746
down €6,746 (-34.3%), from €19,681 to €12,935
mainly Contributions, distributions and other (-€46,139) and Debts after one year (-€31,411)
- Receivables within one year -€5,362
down €5,362 (-12.5%), from €43,017 to €37,655
of which Other amounts receivable: -€4,449
- Reserves -€46,139
down €46,139 (-46.2%), from €99,811 to €53,673
- Profit (loss) carried forward +€33,345
up €33,345 (+81.9%), from €40,694 to €74,039
- Debts after one year -€31,411
down €31,411 (-13.2%), from €237,629 to €206,219
- Gross operating margin +€16,127
up €16,127 (+27.7%), from €58,143 to €74,270
- Taxes +€4,002
up €4,002 (+66.6%), from €6,011 to €10,013
- Financial income +€915
up €915 (+83.5%), from €1,096 to €2,012
- Financial charges -€789
down €789 (-14.8%), from €5,316 to €4,527
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 | €416,766 | €378,524 | -€38,242 | -9.2% |
| Fixed assets | 21/28 | €350,127 | €327,834 | -€22,293 | -6.4% |
| Tangible fixed assets | 22/27 | €350,127 | €327,834 | -€22,293 | -6.4% |
| Land and buildings | 22 | €305,755 | €296,338 | -€9,417 | -3.1% |
| Plant, machinery and equipment | 23 | €9,865 | €9,425 | -€440 | -4.5% |
| Furniture and vehicles | 24 | €34,506 | €22,071 | -€12,435 | -36.0% |
| Current assets | 29/58 | €66,639 | €50,690 | -€15,949 | -23.9% |
| Amounts receivable within one year | 40/41 | €43,017 | €37,655 | -€5,362 | -12.5% |
| Trade receivables | 40 | €17,409 | €16,496 | -€913 | -5.2% |
| Other amounts receivable | 41 | €25,608 | €21,159 | -€4,449 | -17.4% |
| Cash at bank and in hand | 54/58 | €19,681 | €12,935 | -€6,746 | -34.3% |
| Deferred charges and accrued income | 490/1 | €3,941 | €100 | -€3,841 | -97.5% |
| Total equity and liabilities | 10/49 | €416,766 | €378,524 | -€38,242 | -9.2% |
| Equity | 10/15 | €146,705 | €133,911 | -€12,794 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,811 | €53,673 | -€46,139 | -46.2% |
| Distributable reserves | 133 | €99,811 | €53,673 | -€46,139 | -46.2% |
| Profit (loss) carried forward | 14 | €40,694 | €74,039 | +€33,345 | +81.9% |
| Amounts payable | 17/49 | €270,060 | €244,613 | -€25,448 | -9.4% |
| Amounts payable after more than one year | 17 | €237,629 | €206,219 | -€31,411 | -13.2% |
| Financial debts | 170/4 | €237,629 | €206,219 | -€31,411 | -13.2% |
| Amounts payable within one year | 42/48 | €32,044 | €38,394 | +€6,350 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €30,789 | €31,411 | +€622 | +2.0% |
| Trade debts | 44 | €1,255 | €3,955 | +€2,700 | +215% |
| Suppliers | 440/4 | €1,255 | €3,955 | +€2,700 | +215% |
| Taxes, remuneration and social security | 45 | €0 | €3,028 | +€3,028 | |
| Taxes | 450/3 | €0 | €3,028 | +€3,028 | |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,970 | €25,348 | -€622 | -2.4% |
| Other operating charges | 640/8 | €2,364 | €3,049 | +€685 | +29.0% |
| Gross operating margin | 9900 | €58,143 | €74,270 | +€16,127 | +27.7% |
| Operating profit (loss) | 9901 | €29,809 | €45,873 | +€16,064 | +53.9% |
| Financial income | 75/76B | €1,096 | €2,012 | +€915 | +83.5% |
| Recurring financial income | 75 | €1,096 | €2,012 | +€915 | +83.5% |
| Financial charges | 65/66B | €5,316 | €4,527 | -€789 | -14.8% |
| Recurring financial charges | 65 | €5,316 | €4,527 | -€789 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €25,590 | €43,358 | +€17,769 | +69.4% |
| Income taxes | 67/77 | €6,011 | €10,013 | +€4,002 | +66.6% |
| Profit (loss) for the period | 9904 | €19,579 | €33,345 | +€13,766 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,579 | €33,345 | +€13,766 | +70.3% |
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 20 October 2026 via checked.be.