TD-TECH: 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-TECH
Largest movements
- Receivables within one year +€43,898
up €43,898 (+93.1%), from €47,153 to €91,051
of which Trade receivables: +€44,733
- Tangible fixed assets -€24,465
down €24,465 (-38.4%), from €63,766 to €39,301
of which Furniture and vehicles: -€23,619
- Cash -€17,634
down €17,634 (-28.2%), from €62,522 to €44,887
mainly Receivables within one year (-€43,898) and Debts after one year (-€22,200)
- Trade debts +€27,297
up €27,297 (+209.9%), from €13,007 to €40,304
- Debts after one year -€22,200
down €22,200 (-58.0%), from €38,283 to €16,083
- Profit (loss) carried forward -€2,709
down €2,709 (-3.1%), from €86,927 to €84,217
- Tax, wage and social debts +€1,980
up €1,980 (+16.6%), from €11,908 to €13,888
- Current portion of long-term debt -€1,960
down €1,960 (-8.1%), from €24,160 to €22,200
- Gross operating margin +€33,796
up €33,796 (+20.8%), from €162,252 to €196,048
- Staff costs +€25,316
up €25,316 (+18.1%), from €140,134 to €165,449
- Taxes +€2,684
up €2,684 (+129.7%), from €2,069 to €4,753
- Depreciation +€2,619
up €2,619 (+11.1%), from €23,582 to €26,201
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.
Cash bridge derived
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 | €182,345 | €184,753 | +€2,408 | +1.3% |
| Fixed assets | 21/28 | €63,766 | €39,301 | -€24,465 | -38.4% |
| Tangible fixed assets | 22/27 | €63,766 | €39,301 | -€24,465 | -38.4% |
| Plant, machinery and equipment | 23 | €1,312 | €2,267 | +€954 | +72.7% |
| Furniture and vehicles | 24 | €58,853 | €35,235 | -€23,619 | -40.1% |
| Other tangible fixed assets | 26 | €3,600 | €1,800 | -€1,800 | -50.0% |
| Current assets | 29/58 | €118,579 | €145,451 | +€26,872 | +22.7% |
| Amounts receivable within one year | 40/41 | €47,153 | €91,051 | +€43,898 | +93.1% |
| Trade receivables | 40 | €27,117 | €71,850 | +€44,733 | +165.0% |
| Other amounts receivable | 41 | €20,036 | €19,201 | -€835 | -4.2% |
| Current investments | 50/53 | €6,020 | €6,048 | +€28 | +0.5% |
| Cash at bank and in hand | 54/58 | €62,522 | €44,887 | -€17,634 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,884 | €3,465 | +€581 | +20.1% |
| Total equity and liabilities | 10/49 | €182,345 | €184,753 | +€2,408 | +1.3% |
| Equity | 10/15 | €94,987 | €92,277 | -€2,709 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,927 | €84,217 | -€2,709 | -3.1% |
| Amounts payable | 17/49 | €87,358 | €92,475 | +€5,117 | +5.9% |
| Amounts payable after more than one year | 17 | €38,283 | €16,083 | -€22,200 | -58.0% |
| Financial debts | 170/4 | €38,283 | €16,083 | -€22,200 | -58.0% |
| Amounts payable within one year | 42/48 | €49,075 | €76,393 | +€27,318 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €24,160 | €22,200 | -€1,960 | -8.1% |
| Trade debts | 44 | €13,007 | €40,304 | +€27,297 | +209.9% |
| Suppliers | 440/4 | €13,007 | €40,304 | +€27,297 | +209.9% |
| Taxes, remuneration and social security | 45 | €11,908 | €13,888 | +€1,980 | +16.6% |
| Remuneration and social security | 454/9 | €11,908 | €13,888 | +€1,980 | +16.6% |
| Non-recurring operating income | 76A | €7,240 | - | -€7,240 | |
| Remuneration, social security and pensions | 62 | €140,134 | €165,449 | +€25,316 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,582 | €26,201 | +€2,619 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €244 | - | -€244 | |
| Other operating charges | 640/8 | €508 | €1,139 | +€631 | +124.1% |
| Non-recurring operating charges | 66A | - | €145 | +€145 | |
| Gross operating margin | 9900 | €162,252 | €196,048 | +€33,796 | +20.8% |
| Operating profit (loss) | 9901 | -€2,216 | €3,113 | +€5,329 | |
| Financial income | 75/76B | €354 | €960 | +€606 | +171.4% |
| Recurring financial income | 75 | €354 | €960 | +€606 | +171.4% |
| Financial charges | 65/66B | €2,382 | €2,029 | -€353 | -14.8% |
| Recurring financial charges | 65 | €2,382 | €2,029 | -€353 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,244 | €2,044 | +€6,288 | |
| Income taxes | 67/77 | €2,069 | €4,753 | +€2,684 | +129.7% |
| Profit (loss) for the period | 9904 | -€6,314 | -€2,709 | +€3,604 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,314 | -€2,709 | +€3,604 | +57.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.