TD CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€262,438
up €262,438 (+18.4%), from €1.4m to €1.7m
of which Land and buildings: +€258,004
- Cash +€140,786
up €140,786 (+24.9%), from €565,628 to €706,414
mainly Net result for the year (+€453,105) and Trade debts (+€233,934)
- Reserves +€453,105
up €453,105 (+26.1%), from €1.7m to €2.2m
- Trade debts +€233,934
up €233,934 (+5511.9%), from €4,244 to €238,178
- Debts after one year -€114,353
down €114,353 (-10.7%), from €1.1m to €950,054
- Current portion of long-term debt -€58,477
down €58,477 (-33.8%), from €172,831 to €114,353
- Short-term financial debts -€50,360
down €50,360 (-100.0%), from €50,360 to €0
- Gross operating margin +€166,112
up €166,112 (+31.4%), from €529,835 to €695,947
- Taxes +€34,822
up €34,822 (+31.1%), from €112,117 to €146,939
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 | €3,233,636 | €3,654,611 | +€420,975 | +13.0% |
| Fixed assets | 21/28 | €2,642,882 | €2,905,320 | +€262,438 | +9.9% |
| Tangible fixed assets | 22/27 | €1,425,017 | €1,687,455 | +€262,438 | +18.4% |
| Land and buildings | 22 | €1,405,854 | €1,663,858 | +€258,004 | +18.4% |
| Plant, machinery and equipment | 23 | €16,368 | €13,915 | -€2,453 | -15.0% |
| Furniture and vehicles | 24 | €2,795 | €9,682 | +€6,886 | +246.3% |
| Financial fixed assets | 28 | €1,217,865 | €1,217,865 | = | 0.0% |
| Current assets | 29/58 | €590,754 | €749,291 | +€158,537 | +26.8% |
| Amounts receivable within one year | 40/41 | €25,126 | €42,877 | +€17,751 | +70.6% |
| Trade receivables | 40 | €23,495 | €22,224 | -€1,272 | -5.4% |
| Other amounts receivable | 41 | €1,631 | €20,653 | +€19,022 | +1166.4% |
| Cash at bank and in hand | 54/58 | €565,628 | €706,414 | +€140,786 | +24.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,233,636 | €3,654,611 | +€420,975 | +13.0% |
| Equity | 10/15 | €1,754,763 | €2,207,868 | +€453,105 | +25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,736,163 | €2,189,268 | +€453,105 | +26.1% |
| Distributable reserves | 133 | €1,736,163 | €2,189,268 | +€453,105 | +26.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,478,873 | €1,446,743 | -€32,129 | -2.2% |
| Amounts payable after more than one year | 17 | €1,064,407 | €950,054 | -€114,353 | -10.7% |
| Financial debts | 170/4 | €1,064,407 | €950,054 | -€114,353 | -10.7% |
| Amounts payable within one year | 42/48 | €414,465 | €496,689 | +€82,224 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €172,831 | €114,353 | -€58,477 | -33.8% |
| Financial debts | 43 | €50,360 | €0 | -€50,360 | -100.0% |
| Credit institutions | 430/8 | €50,360 | €0 | -€50,360 | -100.0% |
| Trade debts | 44 | €4,244 | €238,178 | +€233,934 | +5511.9% |
| Suppliers | 440/4 | €4,244 | €238,178 | +€233,934 | +5511.9% |
| Taxes, remuneration and social security | 45 | €100,704 | €63,938 | -€36,765 | -36.5% |
| Taxes | 450/3 | €100,704 | €63,938 | -€36,765 | -36.5% |
| Other amounts payable | 47/48 | €86,327 | €80,220 | -€6,107 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,891 | €72,003 | +€4,112 | +6.1% |
| Other operating charges | 640/8 | €2,883 | €2,440 | -€443 | -15.4% |
| Gross operating margin | 9900 | €529,835 | €695,947 | +€166,112 | +31.4% |
| Operating profit (loss) | 9901 | €459,061 | €621,505 | +€162,443 | +35.4% |
| Financial income | 75/76B | €5,301 | €8,641 | +€3,340 | +63.0% |
| Recurring financial income | 75 | €5,301 | €8,641 | +€3,340 | +63.0% |
| Financial charges | 65/66B | €31,527 | €30,102 | -€1,425 | -4.5% |
| Recurring financial charges | 65 | €31,527 | €30,102 | -€1,425 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €432,835 | €600,044 | +€167,209 | +38.6% |
| Income taxes | 67/77 | €112,117 | €146,939 | +€34,822 | +31.1% |
| Profit (loss) for the period | 9904 | €320,718 | €453,105 | +€132,387 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €320,718 | €453,105 | +€132,387 | +41.3% |
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 11 October 2026 via checked.be.