TDB Management: 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 Management
Largest movements
- Receivables within one year -€66,433
down €66,433 (-97.2%), from €68,333 to €1,900
of which Other amounts receivable: -€58,620
- Cash +€30,078
up €30,078 (+263%), from €11,427 to €41,505
mainly Receivables within one year (+€66,433) and Other debts (+€30,226)
- Tangible fixed assets +€2,867
up €2,867 (+487%), from €589 to €3,456
- Deferred charges and accrued income -€927
down €927 (-80.9%), from €1,146 to €218
- Profit (loss) carried forward -€57,333
down €57,333 (-99.7%), from €57,478 to €145
- Other debts +€30,226
new in 2025: €30,226
- Tax, wage and social debts -€5,179
down €5,179 (-31.5%), from €16,453 to €11,274
- Trade debts -€2,129
down €2,129 (-69.5%), from €3,064 to €935
- Financial income -€1,964
down €1,964 (-61.0%), from €3,219 to €1,256
- Gross operating margin +€786
up €786 (+8.3%), from €9,506 to €10,292
- Depreciation +€504
up €504 (+102%), from €495 to €1,000
- Financial charges +€338
up €338 (+69.7%), from €486 to €824
- Taxes -€251
down €251 (-9.0%), from €2,790 to €2,538
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 | €81,495 | €47,079 | -€34,416 | -42.2% |
| Fixed assets | 21/28 | €589 | €3,456 | +€2,867 | +487% |
| Tangible fixed assets | 22/27 | €589 | €3,456 | +€2,867 | +487% |
| Furniture and vehicles | 24 | €589 | €3,456 | +€2,867 | +487% |
| Current assets | 29/58 | €80,906 | €43,623 | -€37,283 | -46.1% |
| Amounts receivable within one year | 40/41 | €68,333 | €1,900 | -€66,433 | -97.2% |
| Trade receivables | 40 | €8,213 | €400 | -€7,813 | -95.1% |
| Other amounts receivable | 41 | €60,120 | €1,500 | -€58,620 | -97.5% |
| Cash at bank and in hand | 54/58 | €11,427 | €41,505 | +€30,078 | +263% |
| Deferred charges and accrued income | 490/1 | €1,146 | €218 | -€927 | -80.9% |
| Total equity and liabilities | 10/49 | €81,495 | €47,079 | -€34,416 | -42.2% |
| Equity | 10/15 | €60,978 | €3,645 | -€57,333 | -94.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,478 | €145 | -€57,333 | -99.7% |
| Amounts payable | 17/49 | €20,517 | €43,435 | +€22,918 | +112% |
| Amounts payable within one year | 42/48 | €19,517 | €42,435 | +€22,918 | +117% |
| Trade debts | 44 | €3,064 | €935 | -€2,129 | -69.5% |
| Suppliers | 440/4 | €3,064 | €935 | -€2,129 | -69.5% |
| Taxes, remuneration and social security | 45 | €16,453 | €11,274 | -€5,179 | -31.5% |
| Taxes | 450/3 | €16,453 | €11,274 | -€5,179 | -31.5% |
| Other amounts payable | 47/48 | - | €30,226 | +€30,226 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €1,000 | +€504 | +102% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,506 | €10,292 | +€786 | +8.3% |
| Operating profit (loss) | 9901 | €8,506 | €8,773 | +€267 | +3.1% |
| Financial income | 75/76B | €3,219 | €1,256 | -€1,964 | -61.0% |
| Recurring financial income | 75 | €3,219 | €1,256 | -€1,964 | -61.0% |
| Financial charges | 65/66B | €486 | €824 | +€338 | +69.7% |
| Recurring financial charges | 65 | €486 | €824 | +€338 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €11,239 | €9,205 | -€2,035 | -18.1% |
| Income taxes | 67/77 | €2,790 | €2,538 | -€251 | -9.0% |
| Profit (loss) for the period | 9904 | €8,450 | €6,667 | -€1,783 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,450 | €6,667 | -€1,783 | -21.1% |
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 22 October 2026 via checked.be.