TD PROJEKT: 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 PROJEKT
Largest movements
- Cash -€41,931
down €41,931 (-56.4%), from €74,340 to €32,409
mainly Investment in fixed assets (net) (-€35,579) and Tax, wage and social debts (-€20,701)
- Tangible fixed assets +€29,726
up €29,726 (+272%), from €10,947 to €40,673
of which Plant, machinery and equipment: +€29,974
- Receivables within one year +€3,571
up €3,571 (+6.9%), from €51,698 to €55,269
- Tax, wage and social debts -€20,701
down €20,701 (-55.6%), from €37,213 to €16,512
of which Taxes: -€24,771
- Trade debts +€15,392
up €15,392 (+211%), from €7,293 to €22,686
- Profit (loss) carried forward -€1,968
down €1,968 (-2.3%), from €86,047 to €84,079
- Staff costs +€43,755
up €43,755 (+63.4%), from €68,985 to €112,739
- Gross operating margin +€39,757
up €39,757 (+48.6%), from €81,816 to €121,574
- Depreciation +€4,281
up €4,281 (+272%), from €1,573 to €5,854
- Taxes -€1,679
down €1,679 (-96.1%), from €1,747 to €67
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 | €156,911 | €148,277 | -€8,634 | -5.5% |
| Fixed assets | 21/28 | €10,947 | €40,673 | +€29,726 | +272% |
| Tangible fixed assets | 22/27 | €10,947 | €40,673 | +€29,726 | +272% |
| Plant, machinery and equipment | 23 | €10,130 | €40,103 | +€29,974 | +296% |
| Furniture and vehicles | 24 | €818 | €570 | -€248 | -30.3% |
| Current assets | 29/58 | €145,964 | €107,604 | -€38,360 | -26.3% |
| Stocks and contracts in progress | 3 | €19,926 | €19,926 | = | 0.0% |
| Stocks | 30/36 | €19,926 | €19,926 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,698 | €55,269 | +€3,571 | +6.9% |
| Other amounts receivable | 41 | €51,698 | €55,269 | +€3,571 | +6.9% |
| Cash at bank and in hand | 54/58 | €74,340 | €32,409 | -€41,931 | -56.4% |
| Total equity and liabilities | 10/49 | €156,911 | €148,277 | -€8,634 | -5.5% |
| Equity | 10/15 | €111,047 | €109,079 | -€1,968 | -1.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,047 | €84,079 | -€1,968 | -2.3% |
| Amounts payable | 17/49 | €45,864 | €39,198 | -€6,666 | -14.5% |
| Amounts payable within one year | 42/48 | €45,864 | €39,198 | -€6,666 | -14.5% |
| Trade debts | 44 | €7,293 | €22,686 | +€15,392 | +211% |
| Suppliers | 440/4 | €7,293 | €22,686 | +€15,392 | +211% |
| Taxes, remuneration and social security | 45 | €37,213 | €16,512 | -€20,701 | -55.6% |
| Taxes | 450/3 | €30,473 | €5,701 | -€24,771 | -81.3% |
| Remuneration and social security | 454/9 | €6,740 | €10,811 | +€4,070 | +60.4% |
| Other amounts payable | 47/48 | €1,358 | - | -€1,358 | |
| Remuneration, social security and pensions | 62 | €68,985 | €112,739 | +€43,755 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,573 | €5,854 | +€4,281 | +272% |
| Other operating charges | 640/8 | €1,965 | €1,826 | -€139 | -7.1% |
| Gross operating margin | 9900 | €81,816 | €121,574 | +€39,757 | +48.6% |
| Operating profit (loss) | 9901 | €9,294 | €1,155 | -€8,139 | -87.6% |
| Financial income | 75/76B | €17 | €2 | -€15 | -88.0% |
| Recurring financial income | 75 | €17 | €2 | -€15 | -88.0% |
| Financial charges | 65/66B | €2,173 | €3,057 | +€884 | +40.7% |
| Recurring financial charges | 65 | €2,173 | €3,057 | +€884 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €7,139 | -€1,900 | -€9,039 | |
| Income taxes | 67/77 | €1,747 | €67 | -€1,679 | -96.1% |
| Profit (loss) for the period | 9904 | €5,392 | -€1,968 | -€7,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,392 | -€1,968 | -€7,360 |
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 19 October 2026 via checked.be.