TD & Co: 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 & Co
Largest movements
- Tangible fixed assets +€46,523
up €46,523 (+158.7%), from €29,318 to €75,841
- Receivables within one year -€37,356
down €37,356 (-48.5%), from €76,948 to €39,592
of which Trade receivables: -€40,219
- Cash -€27,852
down €27,852 (-50.1%), from €55,637 to €27,786
mainly Investment in fixed assets (net) (-€67,821) and Advances received (-€27,473)
- Deferred charges and accrued income -€1,651
down €1,651 (-66.8%), from €2,470 to €819
- Advances received -€27,473
no longer reported in 2025 (was €27,473)
- Reserves +€24,000
up €24,000 (+57.1%), from €42,000 to €66,000
- Trade debts -€7,630
down €7,630 (-77.3%), from €9,869 to €2,240
- Accrued charges and deferred income -€5,741
down €5,741 (-30.0%), from €19,118 to €13,376
- Other debts -€3,704
down €3,704 (-18.2%), from €20,350 to €16,645
- Turnover +€547,727
new in 2025: €547,727
- Purchases and services +€479,796
new in 2025: €479,796
- Depreciation +€12,760
up €12,760 (+162.8%), from €7,839 to €20,599
- Gross operating margin -€7,729
down €7,729 (-9.9%), from €77,783 to €70,055
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 | €164,374 | €144,738 | -€19,636 | -11.9% |
| Fixed assets | 21/28 | €29,318 | €76,541 | +€47,223 | +161.1% |
| Tangible fixed assets | 22/27 | €29,318 | €75,841 | +€46,523 | +158.7% |
| Furniture and vehicles | 24 | €29,318 | €75,841 | +€46,523 | +158.7% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €135,056 | €68,197 | -€66,859 | -49.5% |
| Amounts receivable within one year | 40/41 | €76,948 | €39,592 | -€37,356 | -48.5% |
| Trade receivables | 40 | €67,812 | €27,593 | -€40,219 | -59.3% |
| Other amounts receivable | 41 | €9,136 | €11,999 | +€2,863 | +31.3% |
| Cash at bank and in hand | 54/58 | €55,637 | €27,786 | -€27,852 | -50.1% |
| Deferred charges and accrued income | 490/1 | €2,470 | €819 | -€1,651 | -66.8% |
| Total equity and liabilities | 10/49 | €164,374 | €144,738 | -€19,636 | -11.9% |
| Equity | 10/15 | €66,724 | €91,786 | +€25,062 | +37.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €66,000 | +€24,000 | +57.1% |
| Distributable reserves | 133 | €42,000 | €66,000 | +€24,000 | +57.1% |
| Profit (loss) carried forward | 14 | €21,724 | €22,786 | +€1,062 | +4.9% |
| Amounts payable | 17/49 | €97,650 | €52,951 | -€44,698 | -45.8% |
| Amounts payable within one year | 42/48 | €78,532 | €39,575 | -€38,957 | -49.6% |
| Trade debts | 44 | €9,869 | €2,240 | -€7,630 | -77.3% |
| Suppliers | 440/4 | €9,869 | €2,240 | -€7,630 | -77.3% |
| Advances received on contracts in progress | 46 | €27,473 | - | -€27,473 | |
| Taxes, remuneration and social security | 45 | €20,840 | €20,690 | -€150 | -0.7% |
| Taxes | 450/3 | €13,800 | €14,400 | +€600 | +4.3% |
| Remuneration and social security | 454/9 | €7,040 | €6,290 | -€750 | -10.7% |
| Other amounts payable | 47/48 | €20,350 | €16,645 | -€3,704 | -18.2% |
| Accrued charges and deferred income | 492/3 | €19,118 | €13,376 | -€5,741 | -30.0% |
| Turnover | 70 | - | €547,727 | +€547,727 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €479,796 | +€479,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,839 | €20,599 | +€12,760 | +162.8% |
| Other operating charges | 640/8 | €873 | €1,063 | +€190 | +21.8% |
| Gross operating margin | 9900 | €77,783 | €70,055 | -€7,729 | -9.9% |
| Operating profit (loss) | 9901 | €69,072 | €48,394 | -€20,679 | -29.9% |
| Financial income | 75/76B | €1 | €2 | +€1 | +210.1% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +210.1% |
| Financial charges | 65/66B | €206 | €5,503 | +€5,297 | +2566.1% |
| Recurring financial charges | 65 | €206 | €215 | +€9 | +4.2% |
| Non-recurring financial charges | 66B | - | €5,288 | +€5,288 | |
| Profit (loss) for the period before taxes | 9903 | €68,866 | €42,892 | -€25,974 | -37.7% |
| Income taxes | 67/77 | €15,427 | €17,830 | +€2,404 | +15.6% |
| Profit (loss) for the period | 9904 | €53,440 | €25,062 | -€28,378 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,440 | €25,062 | -€28,378 | -53.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.