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 +€10,070
new in 2025: €10,070
- Cash +€4,980
up €4,980 (+16.5%), from €30,123 to €35,103
mainly Net result for the year (+€18,531) and Tax, wage and social debts (+€12,477)
- Debts after one year -€18,883
down €18,883 (-23.3%), from €81,117 to €62,235
- Reserves +€18,531
up €18,531 (+112.9%), from €16,407 to €34,938
- Tax, wage and social debts +€12,477
up €12,477 (+142.0%), from €8,787 to €21,264
- Trade debts +€2,442
up €2,442 (+190.9%), from €1,280 to €3,722
- Gross operating margin +€11,885
up €11,885 (+48.6%), from €24,470 to €36,354
- Depreciation +€4,000
new in 2025: €4,000
- Taxes +€3,438
up €3,438 (+48.8%), from €7,048 to €10,486
- Financial charges +€2,797
up €2,797 (+1494.6%), from €187 to €2,984
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 | €132,609 | €147,039 | +€14,429 | +10.9% |
| Fixed assets | 21/28 | €101,866 | €111,936 | +€10,070 | +9.9% |
| Tangible fixed assets | 22/27 | - | €10,070 | +€10,070 | |
| Furniture and vehicles | 24 | - | €10,070 | +€10,070 | |
| Financial fixed assets | 28 | €101,866 | €101,866 | = | 0.0% |
| Current assets | 29/58 | €30,744 | €35,103 | +€4,359 | +14.2% |
| Amounts receivable within one year | 40/41 | €291 | - | -€291 | |
| Other amounts receivable | 41 | €291 | - | -€291 | |
| Cash at bank and in hand | 54/58 | €30,123 | €35,103 | +€4,980 | +16.5% |
| Deferred charges and accrued income | 490/1 | €330 | - | -€330 | |
| Total equity and liabilities | 10/49 | €132,609 | €147,039 | +€14,429 | +10.9% |
| Equity | 10/15 | €21,407 | €39,938 | +€18,531 | +86.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,407 | €34,938 | +€18,531 | +112.9% |
| Distributable reserves | 133 | €16,407 | €34,938 | +€18,531 | +112.9% |
| Amounts payable | 17/49 | €111,202 | €107,101 | -€4,101 | -3.7% |
| Amounts payable after more than one year | 17 | €81,117 | €62,235 | -€18,883 | -23.3% |
| Financial debts | 170/4 | €81,117 | €62,235 | -€18,883 | -23.3% |
| Amounts payable within one year | 42/48 | €30,084 | €44,866 | +€14,781 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €18,883 | €18,883 | = | 0.0% |
| Trade debts | 44 | €1,280 | €3,722 | +€2,442 | +190.9% |
| Suppliers | 440/4 | €1,280 | €3,722 | +€2,442 | +190.9% |
| Taxes, remuneration and social security | 45 | €8,787 | €21,264 | +€12,477 | +142.0% |
| Taxes | 450/3 | €8,787 | €21,264 | +€12,477 | +142.0% |
| Other amounts payable | 47/48 | €1,136 | €998 | -€138 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €833 | €500 | -€333 | -40.0% |
| Gross operating margin | 9900 | €24,470 | €36,354 | +€11,885 | +48.6% |
| Operating profit (loss) | 9901 | €23,637 | €31,855 | +€8,218 | +34.8% |
| Financial income | 75/76B | €6 | €146 | +€139 | +2251.1% |
| Recurring financial income | 75 | €6 | €146 | +€139 | +2251.1% |
| Financial charges | 65/66B | €187 | €2,984 | +€2,797 | +1494.6% |
| Recurring financial charges | 65 | €187 | €2,984 | +€2,797 | +1494.6% |
| Profit (loss) for the period before taxes | 9903 | €23,456 | €29,016 | +€5,561 | +23.7% |
| Income taxes | 67/77 | €7,048 | €10,486 | +€3,438 | +48.8% |
| Profit (loss) for the period | 9904 | €16,407 | €18,531 | +€2,123 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,407 | €18,531 | +€2,123 | +12.9% |
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 9 October 2026 via checked.be.