TDC 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.
TDC Management
Largest movements
- Tangible fixed assets +€75,364
new in 2025: €75,364
of which Other tangible fixed assets: +€74,274
- Receivables within one year +€56,520
up €56,520 (+63.6%), from €88,833 to €145,353
of which Trade receivables: +€51,120
- Deferred charges and accrued income -€5,369
down €5,369 (-92.3%), from €5,815 to €446
- Trade debts +€79,087
up €79,087 (+37024.0%), from €214 to €79,301
- Debts after one year +€19,450
up €19,450 (+8.5%), from €227,825 to €247,274
- Current portion of long-term debt +€18,466
up €18,466 (+47.5%), from €38,914 to €57,380
- Short-term financial debts +€9,255
new in 2025: €9,255
- Other debts +€5,714
up €5,714 (+56.0%), from €10,208 to €15,922
- Gross operating margin -€59,780
down €59,780 (-76.9%), from €77,765 to €17,984
- Taxes -€11,405
down €11,405 (-87.3%), from €13,059 to €1,654
- Other operating charges +€2,020
up €2,020 (+124.1%), from €1,628 to €3,648
- Depreciation +€837
new in 2025: €837
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 | €392,901 | €519,163 | +€126,261 | +32.1% |
| Fixed assets | 21/28 | €298,000 | €373,364 | +€75,364 | +25.3% |
| Tangible fixed assets | 22/27 | - | €75,364 | +€75,364 | |
| Furniture and vehicles | 24 | - | €1,090 | +€1,090 | |
| Other tangible fixed assets | 26 | - | €74,274 | +€74,274 | |
| Financial fixed assets | 28 | €298,000 | €298,000 | = | 0.0% |
| Current assets | 29/58 | €94,901 | €145,799 | +€50,898 | +53.6% |
| Amounts receivable within one year | 40/41 | €88,833 | €145,353 | +€56,520 | +63.6% |
| Trade receivables | 40 | €40,820 | €91,940 | +€51,120 | +125.2% |
| Other amounts receivable | 41 | €48,013 | €53,413 | +€5,400 | +11.2% |
| Cash at bank and in hand | 54/58 | €253 | - | -€253 | |
| Deferred charges and accrued income | 490/1 | €5,815 | €446 | -€5,369 | -92.3% |
| Total equity and liabilities | 10/49 | €392,901 | €519,163 | +€126,261 | +32.1% |
| Equity | 10/15 | €99,621 | €99,431 | -€191 | -0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,621 | €96,431 | -€191 | -0.2% |
| Distributable reserves | 133 | €96,621 | €96,431 | -€191 | -0.2% |
| Amounts payable | 17/49 | €293,280 | €419,732 | +€126,452 | +43.1% |
| Amounts payable after more than one year | 17 | €227,825 | €247,274 | +€19,450 | +8.5% |
| Financial debts | 170/4 | €227,825 | €247,274 | +€19,450 | +8.5% |
| Amounts payable within one year | 42/48 | €65,455 | €172,457 | +€107,002 | +163.5% |
| Current portion of amounts payable after more than one year | 42 | €38,914 | €57,380 | +€18,466 | +47.5% |
| Financial debts | 43 | - | €9,255 | +€9,255 | |
| Credit institutions | 430/8 | - | €9,255 | +€9,255 | |
| Trade debts | 44 | €214 | €79,301 | +€79,087 | +37024.0% |
| Suppliers | 440/4 | €214 | €79,301 | +€79,087 | +37024.0% |
| Taxes, remuneration and social security | 45 | €16,119 | €10,599 | -€5,520 | -34.2% |
| Taxes | 450/3 | €16,119 | €10,599 | -€5,520 | -34.2% |
| Other amounts payable | 47/48 | €10,208 | €15,922 | +€5,714 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €837 | +€837 | |
| Other operating charges | 640/8 | €1,628 | €3,648 | +€2,020 | +124.1% |
| Gross operating margin | 9900 | €77,765 | €17,984 | -€59,780 | -76.9% |
| Operating profit (loss) | 9901 | €76,137 | €13,500 | -€62,637 | -82.3% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €12,308 | €12,040 | -€268 | -2.2% |
| Recurring financial charges | 65 | €12,308 | €12,040 | -€268 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €63,829 | €1,463 | -€62,365 | -97.7% |
| Income taxes | 67/77 | €13,059 | €1,654 | -€11,405 | -87.3% |
| Profit (loss) for the period | 9904 | €50,770 | -€191 | -€50,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,770 | -€191 | -€50,961 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.