TDC 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.
What changed
TDC Consult
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,436
2024 · €49,550-€16,115
Equity
€120,421
2024 · €86,985+€33,436
Cash
€44,974
2024 · €35,580+€9,394
Balance sheet total
€2.7m
2024 · €1.2m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+131%), from €1.1m to €2.6m
of which Land and buildings: +€1.5m
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+145%), from €940,457 to €2.3m
- Current portion of long-term debt +€68,857
up €68,857 (+123%), from €56,067 to €124,924
- Other debts -€34,800
down €34,800 (-35.0%), from €99,499 to €64,699
- Profit (loss) carried forward +€32,143
up €32,143, from -€32,143 to €0
- Trade debts +€32,135
up €32,135 (+383%), from €8,396 to €40,531
Income statement
- Financial charges +€33,886
up €33,886 (+85.8%), from €39,482 to €73,367
- Taxes -€18,630
down €18,630 (-100%), from €18,630 to €0
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.
Result 2024
€49,550
Gross operating margin
-€1,415
Depreciation
+€1,210
Other operating charges
-€655
Financial income
-€0
Financial charges
-€33,886
Taxes
+€18,630
Result 2025
€33,436
raises the resultlowers the result
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.
From operations
+€75,143
Investment
-€1.5m
Financing
+€1.4m
Cash 2024
€35,580
From operations (derived)
+€75,143
Net result for the year
+€33,436
Depreciation
+€48,652
Receivables within one year
+€11,036
Deferred charges and accrued income
+€2,171
Trade debts
+€32,135
Tax, wage and social debts
-€17,486
Other debts
-€34,800
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.4m
Debts after one year
+€1.4m
Current portion of long-term debt
+€68,857
Short-term financial debts
+€5,054
Cash 2025
€44,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,215,375 | €2,667,939 | +€1.5m | +120% |
| Fixed assets | 21/28 | €1,112,956 | €2,569,333 | +€1.5m | +131% |
| Tangible fixed assets | 22/27 | €1,112,956 | €2,569,333 | +€1.5m | +131% |
| Land and buildings | 22 | €1,055,334 | €2,529,363 | +€1.5m | +140% |
| Plant, machinery and equipment | 23 | €6,509 | €4,417 | -€2,092 | -32.1% |
| Furniture and vehicles | 24 | €7,903 | €2,632 | -€5,271 | -66.7% |
| Other tangible fixed assets | 26 | €43,210 | €32,920 | -€10,290 | -23.8% |
| Current assets | 29/58 | €102,419 | €98,606 | -€3,813 | -3.7% |
| Amounts receivable within one year | 40/41 | €58,510 | €47,475 | -€11,036 | -18.9% |
| Trade receivables | 40 | €27,215 | €26,090 | -€1,125 | -4.1% |
| Other amounts receivable | 41 | €31,295 | €21,385 | -€9,910 | -31.7% |
| Cash at bank and in hand | 54/58 | €35,580 | €44,974 | +€9,394 | +26.4% |
| Deferred charges and accrued income | 490/1 | €8,329 | €6,158 | -€2,171 | -26.1% |
| Total equity and liabilities | 10/49 | €1,215,375 | €2,667,939 | +€1.5m | +120% |
| Equity | 10/15 | €86,985 | €120,421 | +€33,436 | +38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,928 | €114,221 | +€1,293 | +1.1% |
| Distributable reserves | 133 | €112,928 | €114,221 | +€1,293 | +1.1% |
| Profit (loss) carried forward | 14 | -€32,143 | €0 | +€32,143 | |
| Amounts payable | 17/49 | €1,128,390 | €2,547,518 | +€1.4m | +126% |
| Amounts payable after more than one year | 17 | €940,457 | €2,305,826 | +€1.4m | +145% |
| Financial debts | 170/4 | €940,457 | €2,305,826 | +€1.4m | +145% |
| Amounts payable within one year | 42/48 | €187,933 | €241,693 | +€53,759 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €56,067 | €124,924 | +€68,857 | +123% |
| Financial debts | 43 | - | €5,054 | +€5,054 | |
| Credit institutions | 430/8 | - | €5,054 | +€5,054 | |
| Trade debts | 44 | €8,396 | €40,531 | +€32,135 | +383% |
| Suppliers | 440/4 | €8,396 | €40,531 | +€32,135 | +383% |
| Taxes, remuneration and social security | 45 | €23,971 | €6,485 | -€17,486 | -72.9% |
| Taxes | 450/3 | €23,971 | €6,485 | -€17,486 | -72.9% |
| Other amounts payable | 47/48 | €99,499 | €64,699 | -€34,800 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,863 | €48,652 | -€1,210 | -2.4% |
| Other operating charges | 640/8 | €7,573 | €8,228 | +€655 | +8.6% |
| Gross operating margin | 9900 | €165,098 | €163,684 | -€1,415 | -0.9% |
| Operating profit (loss) | 9901 | €107,662 | €106,803 | -€859 | -0.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €39,482 | €73,367 | +€33,886 | +85.8% |
| Recurring financial charges | 65 | €39,482 | €73,367 | +€33,886 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €68,181 | €33,436 | -€34,745 | -51.0% |
| Income taxes | 67/77 | €18,630 | €0 | -€18,630 | -100% |
| Profit (loss) for the period | 9904 | €49,550 | €33,436 | -€16,115 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,550 | €33,436 | -€16,115 | -32.5% |
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 16 October 2026 via checked.be.