TDC-SERVICES: what changed
Two fiscal 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-SERVICES
Largest movements
- Tangible fixed assets +€23,696
up €23,696 (+41.8%), from €56,676 to €80,373
of which Furniture and vehicles: +€23,696
- Cash +€3,719
up €3,719 (+54.0%), from €6,894 to €10,613
mainly Depreciation (+€23,474) and Debts after one year (+€21,521)
- Deferred charges and accrued income +€2,162
up €2,162, from €0 to €2,162
- Receivables within one year +€991
up €991 (+37.9%), from €2,613 to €3,603
of which Other amounts receivable: +€801
- Debts after one year +€21,521
up €21,521 (+77.2%), from €27,886 to €49,407
- Profit (loss) carried forward -€11,429
down €11,429 (-20.7%), from -€55,194 to -€66,622
- Current portion of long-term debt +€7,768
up €7,768 (+58.9%), from €13,178 to €20,946
- Other debts +€7,407
up €7,407 (+33.0%), from €22,418 to €29,826
- Short-term financial debts +€3,794
up €3,794 (+11.1%), from €34,201 to €37,994
- Depreciation +€4,863
up €4,863 (+26.1%), from €18,612 to €23,474
- Gross operating margin +€4,132
up €4,132 (+22.7%), from €18,208 to €22,341
- Financial charges +€1,978
up €1,978 (+27.6%), from €7,167 to €9,145
- Other operating charges +€529
up €529 (+85.1%), from €621 to €1,150
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 | €66,183 | €96,751 | +€30,568 | +46.2% |
| Fixed assets | 21/28 | €56,676 | €80,373 | +€23,696 | +41.8% |
| Tangible fixed assets | 22/27 | €56,676 | €80,373 | +€23,696 | +41.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €56,676 | €80,373 | +€23,696 | +41.8% |
| Current assets | 29/58 | €9,506 | €16,378 | +€6,872 | +72.3% |
| Amounts receivable within one year | 40/41 | €2,613 | €3,603 | +€991 | +37.9% |
| Trade receivables | 40 | €751 | €941 | +€190 | +25.3% |
| Other amounts receivable | 41 | €1,862 | €2,662 | +€801 | +43.0% |
| Cash at bank and in hand | 54/58 | €6,894 | €10,613 | +€3,719 | +54.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,162 | +€2,162 | |
| Total equity and liabilities | 10/49 | €66,183 | €96,751 | +€30,568 | +46.2% |
| Equity | 10/15 | -€32,805 | -€44,234 | -€11,429 | -34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,788 | €3,788 | = | 0.0% |
| Distributable reserves | 133 | €3,788 | €3,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,194 | -€66,622 | -€11,429 | -20.7% |
| Amounts payable | 17/49 | €98,988 | €140,984 | +€41,996 | +42.4% |
| Amounts payable after more than one year | 17 | €27,886 | €49,407 | +€21,521 | +77.2% |
| Financial debts | 170/4 | €27,886 | €49,407 | +€21,521 | +77.2% |
| Amounts payable within one year | 42/48 | €71,102 | €91,577 | +€20,476 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €13,178 | €20,946 | +€7,768 | +58.9% |
| Financial debts | 43 | €34,201 | €37,994 | +€3,794 | +11.1% |
| Credit institutions | 430/8 | €34,201 | €37,994 | +€3,794 | +11.1% |
| Trade debts | 44 | €803 | €2,761 | +€1,959 | +244.1% |
| Suppliers | 440/4 | €803 | €2,761 | +€1,959 | +244.1% |
| Taxes, remuneration and social security | 45 | €502 | €50 | -€452 | -90.1% |
| Taxes | 450/3 | €502 | €50 | -€452 | -90.1% |
| Other amounts payable | 47/48 | €22,418 | €29,826 | +€7,407 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,612 | €23,474 | +€4,863 | +26.1% |
| Other operating charges | 640/8 | €621 | €1,150 | +€529 | +85.1% |
| Gross operating margin | 9900 | €18,208 | €22,341 | +€4,132 | +22.7% |
| Operating profit (loss) | 9901 | -€1,025 | -€2,284 | -€1,259 | -122.9% |
| Financial income | 75/76B | €52 | €0 | -€52 | -100.0% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -100.0% |
| Financial charges | 65/66B | €7,167 | €9,145 | +€1,978 | +27.6% |
| Recurring financial charges | 65 | €7,167 | €9,145 | +€1,978 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,140 | -€11,429 | -€3,289 | -40.4% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€8,140 | -€11,429 | -€3,289 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,140 | -€11,429 | -€3,289 | -40.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.