TDA: 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.
TDA
Largest movements
- Tangible fixed assets +€27,396
up €27,396 (+104%), from €26,233 to €53,630
of which Plant, machinery and equipment: +€16,024
- Cash -€9,542
down €9,542 (-68.4%), from €13,943 to €4,401
mainly Investment in fixed assets (net) (-€35,855) and Debts after one year (-€7,707)
- Receivables within one year +€7,568
up €7,568 (+11.9%), from €63,388 to €70,955
of which Other amounts receivable: +€5,338
- Profit (loss) carried forward +€25,907
up €25,907 (+47.8%), from €54,225 to €80,132
- Tax, wage and social debts +€8,104
new in 2025: €8,104
- Debts after one year -€7,707
down €7,707 (-36.1%), from €21,341 to €13,633
- Gross operating margin +€17,445
up €17,445 (+62.9%), from €27,733 to €45,177
- Taxes +€8,104
new in 2025: €8,104
- Depreciation +€6,634
up €6,634 (+364%), from €1,825 to €8,459
- Other operating charges +€824
up €824 (+120%), from €686 to €1,509
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 | €103,569 | €128,991 | +€25,422 | +24.5% |
| Fixed assets | 21/28 | €26,233 | €53,630 | +€27,396 | +104% |
| Tangible fixed assets | 22/27 | €26,233 | €53,630 | +€27,396 | +104% |
| Plant, machinery and equipment | 23 | - | €16,024 | +€16,024 | |
| Furniture and vehicles | 24 | €26,233 | €37,606 | +€11,373 | +43.4% |
| Current assets | 29/58 | €77,336 | €75,361 | -€1,975 | -2.6% |
| Amounts receivable within one year | 40/41 | €63,388 | €70,955 | +€7,568 | +11.9% |
| Trade receivables | 40 | €62,792 | €65,021 | +€2,229 | +3.6% |
| Other amounts receivable | 41 | €596 | €5,934 | +€5,338 | +896% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,943 | €4,401 | -€9,542 | -68.4% |
| Total equity and liabilities | 10/49 | €103,569 | €128,991 | +€25,422 | +24.5% |
| Equity | 10/15 | €73,212 | €99,119 | +€25,907 | +35.4% |
| Contributions | 10/11 | €18,987 | €18,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,225 | €80,132 | +€25,907 | +47.8% |
| Amounts payable | 17/49 | €30,357 | €29,872 | -€486 | -1.6% |
| Amounts payable after more than one year | 17 | €21,341 | €13,633 | -€7,707 | -36.1% |
| Financial debts | 170/4 | €21,341 | €13,633 | -€7,707 | -36.1% |
| Amounts payable within one year | 42/48 | €9,016 | €16,238 | +€7,222 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €7,373 | €7,707 | +€334 | +4.5% |
| Trade debts | 44 | €1,456 | €223 | -€1,233 | -84.7% |
| Suppliers | 440/4 | €1,456 | €223 | -€1,233 | -84.7% |
| Taxes, remuneration and social security | 45 | - | €8,104 | +€8,104 | |
| Taxes | 450/3 | - | €8,104 | +€8,104 | |
| Other amounts payable | 47/48 | €187 | €204 | +€17 | +8.9% |
| Non-recurring operating income | 76A | €3,397 | - | -€3,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €8,459 | +€6,634 | +364% |
| Other operating charges | 640/8 | €686 | €1,509 | +€824 | +120% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €27,733 | €45,177 | +€17,445 | +62.9% |
| Operating profit (loss) | 9901 | €25,222 | €35,209 | +€9,987 | +39.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €751 | €1,198 | +€447 | +59.5% |
| Recurring financial charges | 65 | €751 | €1,198 | +€447 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €24,471 | €34,011 | +€9,540 | +39.0% |
| Income taxes | 67/77 | - | €8,104 | +€8,104 | |
| Profit (loss) for the period | 9904 | €24,471 | €25,907 | +€1,436 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,471 | €25,907 | +€1,436 | +5.9% |
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 18 October 2026 via checked.be.