TD System: 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 System
Largest movements
- Stocks and contracts +€41,692
up €41,692 (+558.7%), from €7,463 to €49,155
of which Contracts in progress: +€39,337
- Tangible fixed assets -€32,631
down €32,631 (-32.7%), from €99,901 to €67,270
of which Leasing and similar rights: -€24,538
- Receivables within one year +€15,400
up €15,400 (+386.2%), from €3,988 to €19,388
of which Trade receivables: +€16,926
- Cash -€2,822
down €2,822 (-68.5%), from €4,122 to €1,300
mainly Stocks and contracts (-€41,692) and Debts after one year (-€21,719)
- Other debts +€40,941
up €40,941 (+155.5%), from €26,326 to €67,267
- Debts after one year -€21,719
down €21,719 (-44.4%), from €48,952 to €27,233
- Profit (loss) carried forward +€9,158
up €9,158, from -€3,573 to €5,585
- Trade debts -€3,286
down €3,286 (-21.0%), from €15,642 to €12,356
- Current portion of long-term debt -€2,744
down €2,744 (-12.2%), from €22,558 to €19,814
- Gross operating margin +€36,795
up €36,795 (+359.1%), from €10,247 to €47,042
- Other operating charges -€2,904
down €2,904 (-49.3%), from €5,887 to €2,982
- Depreciation +€555
up €555 (+1.7%), from €32,076 to €32,631
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 | €115,473 | €137,580 | +€22,107 | +19.1% |
| Fixed assets | 21/28 | €99,901 | €67,270 | -€32,631 | -32.7% |
| Tangible fixed assets | 22/27 | €99,901 | €67,270 | -€32,631 | -32.7% |
| Plant, machinery and equipment | 23 | €15,971 | €11,534 | -€4,437 | -27.8% |
| Furniture and vehicles | 24 | €10,183 | €6,526 | -€3,657 | -35.9% |
| Leasing and similar rights | 25 | €73,747 | €49,210 | -€24,538 | -33.3% |
| Current assets | 29/58 | €15,572 | €70,311 | +€54,738 | +351.5% |
| Stocks and contracts in progress | 3 | €7,463 | €49,155 | +€41,692 | +558.7% |
| Stocks | 30/36 | €7,463 | €9,818 | +€2,355 | +31.6% |
| Contracts in progress | 37 | - | €39,337 | +€39,337 | |
| Amounts receivable within one year | 40/41 | €3,988 | €19,388 | +€15,400 | +386.2% |
| Trade receivables | 40 | €1,769 | €18,696 | +€16,926 | +956.6% |
| Other amounts receivable | 41 | €2,219 | €693 | -€1,526 | -68.8% |
| Cash at bank and in hand | 54/58 | €4,122 | €1,300 | -€2,822 | -68.5% |
| Deferred charges and accrued income | 490/1 | - | €468 | +€468 | |
| Total equity and liabilities | 10/49 | €115,473 | €137,580 | +€22,107 | +19.1% |
| Equity | 10/15 | -€573 | €8,585 | +€9,158 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,573 | €5,585 | +€9,158 | |
| Amounts payable | 17/49 | €116,046 | €128,995 | +€12,949 | +11.2% |
| Amounts payable after more than one year | 17 | €48,952 | €27,233 | -€21,719 | -44.4% |
| Financial debts | 170/4 | €48,952 | €27,233 | -€21,719 | -44.4% |
| Amounts payable within one year | 42/48 | €64,680 | €101,762 | +€37,082 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €22,558 | €19,814 | -€2,744 | -12.2% |
| Trade debts | 44 | €15,642 | €12,356 | -€3,286 | -21.0% |
| Suppliers | 440/4 | €15,642 | €12,356 | -€3,286 | -21.0% |
| Taxes, remuneration and social security | 45 | €153 | €2,324 | +€2,172 | +1421.4% |
| Taxes | 450/3 | €153 | €2,324 | +€2,172 | +1421.4% |
| Other amounts payable | 47/48 | €26,326 | €67,267 | +€40,941 | +155.5% |
| Accrued charges and deferred income | 492/3 | €2,414 | - | -€2,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,076 | €32,631 | +€555 | +1.7% |
| Other operating charges | 640/8 | €5,887 | €2,982 | -€2,904 | -49.3% |
| Gross operating margin | 9900 | €10,247 | €47,042 | +€36,795 | +359.1% |
| Operating profit (loss) | 9901 | -€27,716 | €11,428 | +€39,144 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.7% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.7% |
| Financial charges | 65/66B | €2,556 | €2,114 | -€442 | -17.3% |
| Recurring financial charges | 65 | €2,556 | €2,114 | -€442 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,264 | €9,314 | +€39,578 | |
| Income taxes | 67/77 | €153 | €156 | +€3 | +2.0% |
| Profit (loss) for the period | 9904 | -€30,417 | €9,158 | +€39,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,417 | €9,158 | +€39,575 |
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 8 October 2026 via checked.be.