TDB CONSULT: 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.
TDB CONSULT
Largest movements
- Current investments -€87,507
down €87,507 (-71.4%), from €122,591 to €35,084
- Cash +€51,018
up €51,018 (+51.6%), from €98,779 to €149,797
mainly Net result for the year (+€204,510) and Current investments (+€87,507)
- Tangible fixed assets +€9,212
up €9,212 (+131%), from €7,043 to €16,254
of which Furniture and vehicles: +€7,706
- Receivables within one year +€9,195
up €9,195 (+86.7%), from €10,604 to €19,799
- Other debts -€27,166
down €27,166 (-11.6%), from €235,000 to €207,834
- Short-term financial debts +€9,375
new in 2025: €9,375
- Gross operating margin -€36,291
down €36,291 (-13.8%), from €262,197 to €225,905
- Taxes -€9,560
down €9,560 (-14.6%), from €65,629 to €56,069
- Depreciation +€4,383
up €4,383 (+187%), from €2,340 to €6,723
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 | €265,943 | €247,892 | -€18,051 | -6.8% |
| Fixed assets | 21/28 | €31,692 | €40,904 | +€9,212 | +29.1% |
| Tangible fixed assets | 22/27 | €7,043 | €16,254 | +€9,212 | +131% |
| Plant, machinery and equipment | 23 | €1,507 | €1,018 | -€489 | -32.4% |
| Furniture and vehicles | 24 | €4,522 | €12,227 | +€7,706 | +170% |
| Other tangible fixed assets | 26 | €1,014 | €3,009 | +€1,995 | +197% |
| Financial fixed assets | 28 | €24,650 | €24,650 | = | 0.0% |
| Current assets | 29/58 | €234,251 | €206,988 | -€27,263 | -11.6% |
| Amounts receivable within one year | 40/41 | €10,604 | €19,799 | +€9,195 | +86.7% |
| Other amounts receivable | 41 | €10,604 | €19,799 | +€9,195 | +86.7% |
| Current investments | 50/53 | €122,591 | €35,084 | -€87,507 | -71.4% |
| Cash at bank and in hand | 54/58 | €98,779 | €149,797 | +€51,018 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,277 | €2,307 | +€30 | +1.3% |
| Total equity and liabilities | 10/49 | €265,943 | €247,892 | -€18,051 | -6.8% |
| Equity | 10/15 | €27,923 | €28,433 | +€510 | +1.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,923 | €3,433 | +€510 | +17.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €423 | €933 | +€510 | +120% |
| Amounts payable | 17/49 | €238,020 | €219,459 | -€18,561 | -7.8% |
| Amounts payable within one year | 42/48 | €238,020 | €219,459 | -€18,561 | -7.8% |
| Financial debts | 43 | - | €9,375 | +€9,375 | |
| Credit institutions | 430/8 | - | €9,375 | +€9,375 | |
| Trade debts | 44 | €770 | - | -€770 | |
| Suppliers | 440/4 | €770 | - | -€770 | |
| Taxes, remuneration and social security | 45 | €2,250 | €2,250 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €235,000 | €207,834 | -€27,166 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,340 | €6,723 | +€4,383 | +187% |
| Other operating charges | 640/8 | €1,309 | €840 | -€470 | -35.9% |
| Gross operating margin | 9900 | €262,197 | €225,905 | -€36,291 | -13.8% |
| Operating profit (loss) | 9901 | €258,547 | €218,343 | -€40,204 | -15.6% |
| Financial income | 75/76B | €43,612 | €43,372 | -€240 | -0.6% |
| Recurring financial income | 75 | €43,612 | €43,372 | -€240 | -0.6% |
| Financial charges | 65/66B | €1,648 | €1,137 | -€510 | -31.0% |
| Recurring financial charges | 65 | €1,648 | €1,137 | -€510 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €300,512 | €260,578 | -€39,934 | -13.3% |
| Income taxes | 67/77 | €65,629 | €56,069 | -€9,560 | -14.6% |
| Profit (loss) for the period | 9904 | €234,884 | €204,510 | -€30,374 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €234,884 | €204,510 | -€30,374 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.