TDC IMMO: 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.
TDC IMMO
Largest movements
- Tangible fixed assets +€10,970
up €10,970 (+299%), from €3,668 to €14,638
of which Plant, machinery and equipment: +€11,095
- Receivables within one year +€3,737
up €3,737 (+123%), from €3,041 to €6,778
- Cash +€3,055
up €3,055 (+12.4%), from €24,717 to €27,772
mainly Other debts (+€52,033) and Depreciation (+€125)
- Other debts +€52,033
up €52,033 (+695%), from €7,488 to €59,521
- Profit (loss) carried forward -€25,243
down €25,243 (-169%), from -€14,951 to -€40,194
- Trade debts -€9,028
no longer reported in 2025 (was €9,028)
- Other operating charges +€10,224
up €10,224 (+509%), from €2,008 to €12,232
- Gross operating margin -€6,719
down €6,719 (-111%), from -€6,072 to -€12,791
- Financial charges -€222
down €222 (-70.0%), from €317 to €95
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 | €31,426 | €49,188 | +€17,762 | +56.5% |
| Fixed assets | 21/28 | €3,668 | €14,638 | +€10,970 | +299% |
| Tangible fixed assets | 22/27 | €3,668 | €14,638 | +€10,970 | +299% |
| Land and buildings | 22 | €1 | €1 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,542 | €14,637 | +€11,095 | +313% |
| Furniture and vehicles | 24 | €125 | - | -€125 | |
| Current assets | 29/58 | €27,758 | €34,550 | +€6,792 | +24.5% |
| Amounts receivable within one year | 40/41 | €3,041 | €6,778 | +€3,737 | +123% |
| Other amounts receivable | 41 | €3,041 | €6,778 | +€3,737 | +123% |
| Cash at bank and in hand | 54/58 | €24,717 | €27,772 | +€3,055 | +12.4% |
| Total equity and liabilities | 10/49 | €31,426 | €49,188 | +€17,762 | +56.5% |
| Equity | 10/15 | €14,910 | -€10,333 | -€25,243 | |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €29,860 | €29,860 | = | 0.0% |
| Distributable reserves | 133 | €29,860 | €29,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,951 | -€40,194 | -€25,243 | -169% |
| Amounts payable | 17/49 | €16,516 | €59,521 | +€43,005 | +260% |
| Amounts payable within one year | 42/48 | €16,516 | €59,521 | +€43,005 | +260% |
| Trade debts | 44 | €9,028 | - | -€9,028 | |
| Suppliers | 440/4 | €9,028 | - | -€9,028 | |
| Other amounts payable | 47/48 | €7,488 | €59,521 | +€52,033 | +695% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €125 | -€68 | -35.2% |
| Other operating charges | 640/8 | €2,008 | €12,232 | +€10,224 | +509% |
| Gross operating margin | 9900 | -€6,072 | -€12,791 | -€6,719 | -111% |
| Operating profit (loss) | 9901 | -€8,273 | -€25,148 | -€16,875 | -204% |
| Financial charges | 65/66B | €317 | €95 | -€222 | -70.0% |
| Recurring financial charges | 65 | €317 | €95 | -€222 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,590 | -€25,243 | -€16,653 | -194% |
| Profit (loss) for the period | 9904 | -€8,590 | -€25,243 | -€16,653 | -194% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,590 | -€25,243 | -€16,653 | -194% |
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.