TDB IMMO: 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.
TDB IMMO
Largest movements
- Cash +€31,745
up €31,745 (+120.4%), from €26,369 to €58,114
mainly Net result for the year (+€22,297) and Tax, wage and social debts (+€12,062)
- Receivables within one year -€938
down €938 (-79.5%), from €1,180 to €242
- Financial fixed assets -€750
no longer reported in 2025 (was €750)
- Deferred charges and accrued income -€673
down €673 (-44.8%), from €1,504 to €831
- Profit (loss) carried forward +€21,438
up €21,438 (+199.1%), from €10,769 to €32,207
- Tax, wage and social debts +€12,062
up €12,062 (+167.8%), from €7,189 to €19,251
of which Taxes: +€11,692
- Other debts -€3,933
down €3,933 (-52.9%), from €7,431 to €3,497
- Gross operating margin +€28,367
up €28,367 (+158.0%), from €17,959 to €46,327
- Taxes +€8,333
up €8,333 (+336.1%), from €2,479 to €10,812
- Staff costs +€6,458
up €6,458 (+168.1%), from €3,842 to €10,300
- Other operating charges -€1,308
down €1,308 (-51.7%), from €2,531 to €1,222
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 | €29,804 | €59,187 | +€29,383 | +98.6% |
| Fixed assets | 21/28 | €750 | - | -€750 | |
| Financial fixed assets | 28 | €750 | - | -€750 | |
| Current assets | 29/58 | €29,054 | €59,187 | +€30,133 | +103.7% |
| Amounts receivable within one year | 40/41 | €1,180 | €242 | -€938 | -79.5% |
| Trade receivables | 40 | €1,180 | €242 | -€938 | -79.5% |
| Cash at bank and in hand | 54/58 | €26,369 | €58,114 | +€31,745 | +120.4% |
| Deferred charges and accrued income | 490/1 | €1,504 | €831 | -€673 | -44.8% |
| Total equity and liabilities | 10/49 | €29,804 | €59,187 | +€29,383 | +98.6% |
| Equity | 10/15 | €13,769 | €35,207 | +€21,438 | +155.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,769 | €32,207 | +€21,438 | +199.1% |
| Amounts payable | 17/49 | €16,035 | €23,980 | +€7,945 | +49.5% |
| Amounts payable within one year | 42/48 | €16,035 | €23,980 | +€7,945 | +49.5% |
| Trade debts | 44 | €1,415 | €1,231 | -€184 | -13.0% |
| Suppliers | 440/4 | €1,415 | €1,231 | -€184 | -13.0% |
| Taxes, remuneration and social security | 45 | €7,189 | €19,251 | +€12,062 | +167.8% |
| Taxes | 450/3 | €6,521 | €18,213 | +€11,692 | +179.3% |
| Remuneration and social security | 454/9 | €668 | €1,038 | +€370 | +55.4% |
| Other amounts payable | 47/48 | €7,431 | €3,497 | -€3,933 | -52.9% |
| Remuneration, social security and pensions | 62 | €3,842 | €10,300 | +€6,458 | +168.1% |
| Other operating charges | 640/8 | €2,531 | €1,222 | -€1,308 | -51.7% |
| Gross operating margin | 9900 | €17,959 | €46,327 | +€28,367 | +158.0% |
| Operating profit (loss) | 9901 | €11,587 | €34,804 | +€23,217 | +200.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,568 | €1,702 | +€134 | +8.6% |
| Recurring financial charges | 65 | €1,568 | €1,702 | +€134 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €10,019 | €33,109 | +€23,090 | +230.5% |
| Income taxes | 67/77 | €2,479 | €10,812 | +€8,333 | +336.1% |
| Profit (loss) for the period | 9904 | €7,539 | €22,297 | +€14,758 | +195.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,539 | €22,297 | +€14,758 | +195.7% |
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.