TD-GROUP: 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-GROUP
Largest movements
- Receivables within one year -€45,570
down €45,570 (-67.7%), from €67,353 to €21,783
of which Trade receivables: -€49,684
- Cash -€19,413
down €19,413 (-82.7%), from €23,480 to €4,066
mainly Trade debts (-€31,308) and Net result for the year (-€31,140)
- Stocks and contracts -€6,747
down €6,747 (-69.3%), from €9,735 to €2,987
- Intangible fixed assets -€1,250
down €1,250 (-50.0%), from €2,500 to €1,250
- Trade debts -€31,308
down €31,308 (-51.1%), from €61,299 to €29,991
- Profit (loss) carried forward -€31,140
down €31,140 (-456.3%), from -€6,824 to -€37,964
- Current portion of long-term debt -€5,452
down €5,452 (-91.4%), from €5,966 to €514
- Tax, wage and social debts -€4,495
down €4,495 (-37.4%), from €12,033 to €7,538
of which Taxes: -€3,206
- Gross operating margin -€58,578
down €58,578, from €57,362 to -€1,216
- Staff costs -€20,430
down €20,430 (-43.3%), from €47,220 to €26,790
- Other operating charges -€7,441
down €7,441 (-88.9%), from €8,374 to €933
- Taxes -€6,514
down €6,514 (-98.3%), from €6,626 to €112
- Financial charges -€1,889
down €1,889 (-75.5%), from €2,501 to €613
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 | €104,698 | €31,761 | -€72,937 | -69.7% |
| Fixed assets | 21/28 | €4,131 | €2,655 | -€1,476 | -35.7% |
| Intangible fixed assets | 21 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Tangible fixed assets | 22/27 | €431 | €205 | -€226 | -52.4% |
| Other tangible fixed assets | 26 | €431 | €205 | -€226 | -52.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €100,568 | €29,106 | -€71,462 | -71.1% |
| Stocks and contracts in progress | 3 | €9,735 | €2,987 | -€6,747 | -69.3% |
| Stocks | 30/36 | €9,735 | €2,987 | -€6,747 | -69.3% |
| Amounts receivable within one year | 40/41 | €67,353 | €21,783 | -€45,570 | -67.7% |
| Trade receivables | 40 | €67,141 | €17,456 | -€49,684 | -74.0% |
| Other amounts receivable | 41 | €212 | €4,327 | +€4,115 | +1938.9% |
| Cash at bank and in hand | 54/58 | €23,480 | €4,066 | -€19,413 | -82.7% |
| Deferred charges and accrued income | 490/1 | - | €269 | +€269 | |
| Total equity and liabilities | 10/49 | €104,698 | €31,761 | -€72,937 | -69.7% |
| Equity | 10/15 | €24,858 | -€6,282 | -€31,140 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,682 | €6,682 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €4,182 | €4,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,824 | -€37,964 | -€31,140 | -456.3% |
| Amounts payable | 17/49 | €79,840 | €38,043 | -€41,798 | -52.4% |
| Amounts payable within one year | 42/48 | €79,840 | €38,043 | -€41,798 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €5,966 | €514 | -€5,452 | -91.4% |
| Trade debts | 44 | €61,299 | €29,991 | -€31,308 | -51.1% |
| Suppliers | 440/4 | €61,299 | €29,991 | -€31,308 | -51.1% |
| Taxes, remuneration and social security | 45 | €12,033 | €7,538 | -€4,495 | -37.4% |
| Taxes | 450/3 | €3,664 | €458 | -€3,206 | -87.5% |
| Remuneration and social security | 454/9 | €8,369 | €7,080 | -€1,289 | -15.4% |
| Other amounts payable | 47/48 | €542 | - | -€542 | |
| Remuneration, social security and pensions | 62 | €47,220 | €26,790 | -€20,430 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €1,476 | = | 0.0% |
| Other operating charges | 640/8 | €8,374 | €933 | -€7,441 | -88.9% |
| Gross operating margin | 9900 | €57,362 | -€1,216 | -€58,578 | |
| Operating profit (loss) | 9901 | €292 | -€30,415 | -€30,707 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.6% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.6% |
| Financial charges | 65/66B | €2,501 | €613 | -€1,889 | -75.5% |
| Recurring financial charges | 65 | €2,501 | €613 | -€1,889 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,199 | -€31,028 | -€28,829 | -1311.0% |
| Income taxes | 67/77 | €6,626 | €112 | -€6,514 | -98.3% |
| Profit (loss) for the period | 9904 | -€8,825 | -€31,140 | -€22,315 | -252.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,825 | -€31,140 | -€22,315 | -252.9% |
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 3 October 2026 via checked.be.