TD Consulting: 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 Consulting
Largest movements
- Cash +€31,990
up €31,990 (+44.8%), from €71,388 to €103,377
mainly Depreciation (+€27,998) and Receivables within one year (+€13,087)
- Tangible fixed assets -€14,462
down €14,462 (-14.1%), from €102,423 to €87,961
of which Furniture and vehicles: -€9,608
- Receivables within one year -€13,087
down €13,087 (-34.1%), from €38,432 to €25,346
of which Trade receivables: -€16,480
- Reserves +€11,552
up €11,552 (+5.2%), from €223,220 to €234,773
- Trade debts -€5,281
down €5,281 (-38.5%), from €13,721 to €8,440
- Tax, wage and social debts -€3,424
down €3,424 (-41.1%), from €8,325 to €4,901
- Gross operating margin -€3,795
down €3,795 (-6.5%), from €57,967 to €54,172
- Depreciation +€2,642
up €2,642 (+10.4%), from €25,356 to €27,998
- Taxes -€1,357
down €1,357 (-14.4%), from €9,407 to €8,049
- Other operating charges +€668
up €668 (+22.4%), from €2,987 to €3,656
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 | €254,110 | €258,550 | +€4,440 | +1.7% |
| Fixed assets | 21/28 | €102,448 | €87,986 | -€14,462 | -14.1% |
| Tangible fixed assets | 22/27 | €102,423 | €87,961 | -€14,462 | -14.1% |
| Plant, machinery and equipment | 23 | €7,132 | €5,164 | -€1,967 | -27.6% |
| Furniture and vehicles | 24 | €76,404 | €66,796 | -€9,608 | -12.6% |
| Other tangible fixed assets | 26 | €18,887 | €16,001 | -€2,886 | -15.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €151,662 | €170,564 | +€18,902 | +12.5% |
| Stocks and contracts in progress | 3 | €29,909 | €29,909 | = | 0.0% |
| Stocks | 30/36 | €29,909 | €29,909 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,432 | €25,346 | -€13,087 | -34.1% |
| Trade receivables | 40 | €38,260 | €21,780 | -€16,480 | -43.1% |
| Other amounts receivable | 41 | €172 | €3,566 | +€3,394 | +1,973% |
| Cash at bank and in hand | 54/58 | €71,388 | €103,377 | +€31,990 | +44.8% |
| Deferred charges and accrued income | 490/1 | €11,933 | €11,932 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €254,110 | €258,550 | +€4,440 | +1.7% |
| Equity | 10/15 | €229,420 | €240,973 | +€11,552 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €223,220 | €234,773 | +€11,552 | +5.2% |
| Distributable reserves | 133 | €223,220 | €234,773 | +€11,552 | +5.2% |
| Amounts payable | 17/49 | €24,690 | €17,577 | -€7,113 | -28.8% |
| Amounts payable within one year | 42/48 | €24,690 | €17,577 | -€7,113 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €853 | - | -€853 | |
| Trade debts | 44 | €13,721 | €8,440 | -€5,281 | -38.5% |
| Suppliers | 440/4 | €13,721 | €8,440 | -€5,281 | -38.5% |
| Taxes, remuneration and social security | 45 | €8,325 | €4,901 | -€3,424 | -41.1% |
| Taxes | 450/3 | €8,325 | €4,901 | -€3,424 | -41.1% |
| Other amounts payable | 47/48 | €1,791 | €4,237 | +€2,445 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,356 | €27,998 | +€2,642 | +10.4% |
| Other operating charges | 640/8 | €2,987 | €3,656 | +€668 | +22.4% |
| Non-recurring operating charges | 66A | €2,368 | €2,011 | -€357 | -15.1% |
| Gross operating margin | 9900 | €57,967 | €54,172 | -€3,795 | -6.5% |
| Operating profit (loss) | 9901 | €27,256 | €20,507 | -€6,749 | -24.8% |
| Financial income | 75/76B | €456 | €431 | -€25 | -5.5% |
| Recurring financial income | 75 | €456 | €431 | -€25 | -5.5% |
| Financial charges | 65/66B | €242 | €271 | +€29 | +12.0% |
| Recurring financial charges | 65 | €242 | €271 | +€29 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €27,470 | €20,667 | -€6,803 | -24.8% |
| Income taxes | 67/77 | €9,407 | €8,049 | -€1,357 | -14.4% |
| Profit (loss) for the period | 9904 | €18,063 | €12,618 | -€5,445 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,063 | €12,618 | -€5,445 | -30.1% |
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.