TD Worx: 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 Worx
Largest movements
- Cash -€159,267
down €159,267 (-50.5%), from €315,401 to €156,134
mainly Contributions, distributions and other (-€418,324) and Accrued charges and deferred income (-€8,622)
- Reserves -€294,259
down €294,259 (-98.7%), from €298,053 to €3,795
of which Distributable reserves: -€294,259
- Other debts +€140,229
up €140,229 (+2,137,634%), from €7 to €140,235
- Accrued charges and deferred income -€8,622
down €8,622 (-100%), from €8,622 to €0
- Gross operating margin +€19,139
up €19,139 (+13.0%), from €147,758 to €166,897
- Financial charges -€8,597
down €8,597 (-98.9%), from €8,691 to €94
- Taxes +€7,108
up €7,108 (+20.3%), from €35,015 to €42,123
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 | €335,039 | €175,569 | -€159,470 | -47.6% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €334,789 | €175,319 | -€159,470 | -47.6% |
| Amounts receivable within one year | 40/41 | €17,809 | €18,375 | +€566 | +3.2% |
| Trade receivables | 40 | €12,624 | €18,179 | +€5,555 | +44.0% |
| Other amounts receivable | 41 | €5,185 | €196 | -€4,990 | -96.2% |
| Cash at bank and in hand | 54/58 | €315,401 | €156,134 | -€159,267 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,579 | €811 | -€768 | -48.7% |
| Total equity and liabilities | 10/49 | €335,039 | €175,569 | -€159,470 | -47.6% |
| Equity | 10/15 | €316,653 | €22,395 | -€294,259 | -92.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,053 | €3,795 | -€294,259 | -98.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €296,193 | €1,935 | -€294,259 | -99.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,386 | €153,174 | +€134,789 | +733% |
| Amounts payable within one year | 42/48 | €9,764 | €153,174 | +€143,410 | +1,469% |
| Trade debts | 44 | €18 | €1,108 | +€1,090 | +6,057% |
| Suppliers | 440/4 | €18 | €1,108 | +€1,090 | +6,057% |
| Taxes, remuneration and social security | 45 | €9,739 | €11,831 | +€2,091 | +21.5% |
| Taxes | 450/3 | €9,739 | €11,831 | +€2,091 | +21.5% |
| Other amounts payable | 47/48 | €7 | €140,235 | +€140,229 | +2,137,634% |
| Accrued charges and deferred income | 492/3 | €8,622 | €0 | -€8,622 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €839 | €691 | -€148 | -17.6% |
| Gross operating margin | 9900 | €147,758 | €166,897 | +€19,139 | +13.0% |
| Operating profit (loss) | 9901 | €146,919 | €166,205 | +€19,286 | +13.1% |
| Financial income | 75/76B | €1 | €77 | +€76 | +9,641% |
| Recurring financial income | 75 | €1 | €77 | +€76 | +9,641% |
| Financial charges | 65/66B | €8,691 | €94 | -€8,597 | -98.9% |
| Recurring financial charges | 65 | €8,691 | €94 | -€8,597 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €138,229 | €166,188 | +€27,959 | +20.2% |
| Income taxes | 67/77 | €35,015 | €42,123 | +€7,108 | +20.3% |
| Profit (loss) for the period | 9904 | €103,214 | €124,065 | +€20,851 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,214 | €124,065 | +€20,851 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.