TDC RENOVATION: what changed
TDC RENOVATION
Largest movements
- Tangible fixed assets -€6,959
down €6,959 (-26.4%), from €26,373 to €19,414
of which Furniture and vehicles: -€6,589
- Receivables within one year +€5,357
up €5,357 (+24.2%), from €22,097 to €27,453
of which Trade receivables: +€3,253
- Cash +€4,430
up €4,430 (+231%), from €1,921 to €6,351
mainly Depreciation (+€13,861) and Trade debts (+€5,426)
- Trade debts +€5,426
up €5,426 (+80.0%), from €6,780 to €12,206
- Debts after one year -€2,711
down €2,711 (-2.8%), from €98,052 to €95,340
of which Financial debts: -€7,908
- Gross operating margin +€3,167
up €3,167 (+25.4%), from €12,474 to €15,641
- Depreciation +€627
up €627 (+4.7%), from €13,233 to €13,861
- Financial charges -€312
down €312 (-25.7%), from €1,214 to €903
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,587 | €53,318 | +€2,731 | +5.4% |
| Fixed assets | 21/28 | €26,373 | €19,414 | -€6,959 | -26.4% |
| Tangible fixed assets | 22/27 | €26,373 | €19,414 | -€6,959 | -26.4% |
| Plant, machinery and equipment | 23 | €1,364 | €993 | -€370 | -27.2% |
| Furniture and vehicles | 24 | €25,010 | €18,421 | -€6,589 | -26.3% |
| Current assets | 29/58 | €24,214 | €33,904 | +€9,690 | +40.0% |
| Amounts receivable within one year | 40/41 | €22,097 | €27,453 | +€5,357 | +24.2% |
| Trade receivables | 40 | €21,823 | €25,076 | +€3,253 | +14.9% |
| Other amounts receivable | 41 | €273 | €2,377 | +€2,104 | +770% |
| Cash at bank and in hand | 54/58 | €1,921 | €6,351 | +€4,430 | +231% |
| Deferred charges and accrued income | 490/1 | €197 | €100 | -€97 | -49.1% |
| Total equity and liabilities | 10/49 | €50,587 | €53,318 | +€2,731 | +5.4% |
| Equity | 10/15 | -€61,983 | -€62,277 | -€294 | -0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,983 | -€65,277 | -€294 | -0.5% |
| Amounts payable | 17/49 | €112,570 | €115,595 | +€3,025 | +2.7% |
| Amounts payable after more than one year | 17 | €98,052 | €95,340 | -€2,711 | -2.8% |
| Financial debts | 170/4 | €14,908 | €7,000 | -€7,908 | -53.0% |
| Other amounts payable | 178/9 | €83,144 | €88,340 | +€5,196 | +6.2% |
| Amounts payable within one year | 42/48 | €14,518 | €20,254 | +€5,737 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €7,598 | €7,908 | +€310 | +4.1% |
| Trade debts | 44 | €6,780 | €12,206 | +€5,426 | +80.0% |
| Suppliers | 440/4 | €6,780 | €12,206 | +€5,426 | +80.0% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,233 | €13,861 | +€627 | +4.7% |
| Other operating charges | 640/8 | €1,120 | €1,030 | -€90 | -8.1% |
| Gross operating margin | 9900 | €12,474 | €15,641 | +€3,167 | +25.4% |
| Operating profit (loss) | 9901 | -€1,880 | €750 | +€2,630 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,214 | €903 | -€312 | -25.7% |
| Recurring financial charges | 65 | €1,214 | €903 | -€312 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,095 | -€153 | +€2,941 | +95.1% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€3,234 | -€294 | +€2,940 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,234 | -€294 | +€2,940 | +90.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.