TD Consult: 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.
TD Consult
Largest movements
- Receivables within one year +€84,965
up €84,965 (+151.8%), from €55,958 to €140,923
of which Trade receivables: +€79,596
- Tangible fixed assets -€25,719
down €25,719 (-18.1%), from €142,341 to €116,621
of which Land and buildings: -€16,335
- Deferred charges and accrued income +€6,963
up €6,963 (+61.3%), from €11,350 to €18,313
- Cash +€5,515
up €5,515 (+31.2%), from €17,651 to €23,166
mainly Net result for the year (+€93,773) and Depreciation (+€25,719)
- Reserves +€93,773
up €93,773 (+282.5%), from €33,190 to €126,963
- Debts after one year -€23,292
down €23,292 (-9.4%), from €246,647 to €223,355
of which Financial debts: -€30,746
- Tax, wage and social debts -€8,702
down €8,702 (-57.8%), from €15,048 to €6,347
of which Taxes: -€10,520
- Advances received +€5,227
up €5,227 (+241.0%), from €2,169 to €7,396
- Gross operating margin +€117,441
up €117,441 (+320.4%), from €36,655 to €154,095
- Taxes +€24,187
up €24,187 (+2626.8%), from €921 to €25,108
- Depreciation +€5,924
up €5,924 (+29.9%), from €19,796 to €25,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,301 | €479,024 | +€71,723 | +17.6% |
| Fixed assets | 21/28 | €244,504 | €218,785 | -€25,719 | -10.5% |
| Tangible fixed assets | 22/27 | €142,341 | €116,621 | -€25,719 | -18.1% |
| Land and buildings | 22 | €96,845 | €80,509 | -€16,335 | -16.9% |
| Furniture and vehicles | 24 | €45,496 | €36,112 | -€9,384 | -20.6% |
| Financial fixed assets | 28 | €102,164 | €102,164 | = | 0.0% |
| Current assets | 29/58 | €162,797 | €260,239 | +€97,443 | +59.9% |
| Amounts receivable after more than one year | 29 | €77,837 | €77,837 | = | 0.0% |
| Other amounts receivable | 291 | €77,837 | €77,837 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,958 | €140,923 | +€84,965 | +151.8% |
| Trade receivables | 40 | €43,964 | €123,560 | +€79,596 | +181.0% |
| Other amounts receivable | 41 | €11,994 | €17,364 | +€5,369 | +44.8% |
| Cash at bank and in hand | 54/58 | €17,651 | €23,166 | +€5,515 | +31.2% |
| Deferred charges and accrued income | 490/1 | €11,350 | €18,313 | +€6,963 | +61.3% |
| Total equity and liabilities | 10/49 | €407,301 | €479,024 | +€71,723 | +17.6% |
| Equity | 10/15 | €79,795 | €173,569 | +€93,773 | +117.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,190 | €126,963 | +€93,773 | +282.5% |
| Distributable reserves | 133 | €33,190 | €126,963 | +€93,773 | +282.5% |
| Profit (loss) carried forward | 14 | €40,405 | €40,405 | = | 0.0% |
| Amounts payable | 17/49 | €327,505 | €305,456 | -€22,050 | -6.7% |
| Amounts payable after more than one year | 17 | €246,647 | €223,355 | -€23,292 | -9.4% |
| Financial debts | 170/4 | €165,969 | €135,224 | -€30,746 | -18.5% |
| Other amounts payable | 178/9 | €80,677 | €88,131 | +€7,454 | +9.2% |
| Amounts payable within one year | 42/48 | €59,564 | €60,804 | +€1,240 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €29,474 | €30,746 | +€1,272 | +4.3% |
| Trade debts | 44 | €4,385 | €7,829 | +€3,443 | +78.5% |
| Suppliers | 440/4 | €4,385 | €7,829 | +€3,443 | +78.5% |
| Advances received on contracts in progress | 46 | €2,169 | €7,396 | +€5,227 | +241.0% |
| Taxes, remuneration and social security | 45 | €15,048 | €6,347 | -€8,702 | -57.8% |
| Taxes | 450/3 | €13,323 | €2,803 | -€10,520 | -79.0% |
| Remuneration and social security | 454/9 | €1,725 | €3,544 | +€1,819 | +105.4% |
| Other amounts payable | 47/48 | €8,488 | €8,488 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,295 | €21,297 | +€2 | 0.0% |
| Non-recurring operating income | 76A | - | €2,200 | +€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,796 | €25,719 | +€5,924 | +29.9% |
| Other operating charges | 640/8 | €2,851 | €2,429 | -€423 | -14.8% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €36,655 | €154,095 | +€117,441 | +320.4% |
| Operating profit (loss) | 9901 | €14,008 | €125,924 | +€111,916 | +798.9% |
| Financial income | 75/76B | €780 | €784 | +€5 | +0.6% |
| Recurring financial income | 75 | €780 | €784 | +€5 | +0.6% |
| Financial charges | 65/66B | €7,436 | €7,827 | +€392 | +5.3% |
| Recurring financial charges | 65 | €7,436 | €7,827 | +€392 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €7,352 | €118,881 | +€111,529 | +1517.0% |
| Income taxes | 67/77 | €921 | €25,108 | +€24,187 | +2626.8% |
| Profit (loss) for the period | 9904 | €6,431 | €93,773 | +€87,342 | +1358.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,431 | €93,773 | +€87,342 | +1358.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.