TDC WORKS: what changed
What changed
TDC WORKS
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€10,142
2024 · €83,472-€73,330
Equity
€311,153
2024 · €301,012+€10,142
Cash
€135,524
2024 · €186,094-€50,571
Balance sheet total
€327,667
2024 · €325,855+€1,812
Largest movements
Assets
- Receivables within one year +€50,610
up €50,610 (+125%), from €40,475 to €91,085
of which Trade receivables: +€33,973
- Cash -€50,571
down €50,571 (-27.2%), from €186,094 to €135,524
mainly Receivables within one year (-€50,610) and Investment in fixed assets (net) (-€27,097)
- Tangible fixed assets +€5,518
up €5,518 (+14.5%), from €37,952 to €43,470
of which Furniture and vehicles: +€16,813
Equity and liabilities
- Reserves +€10,142
up €10,142 (+3.6%), from €281,125 to €291,267
of which Distributable reserves: +€10,142
- Debts after one year -€7,260
down €7,260 (-100%), from €7,260 to €0
of which Financial debts: -€7,260
Income statement
- Gross operating margin -€96,668
down €96,668 (-71.4%), from €135,457 to €38,789
- Taxes -€28,907
down €28,907 (-85.6%), from €33,759 to €4,853
- Depreciation +€5,501
up €5,501 (+34.2%), from €16,078 to €21,579
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.
Result 2024
€83,472
Gross operating margin
-€96,668
Depreciation
-€5,501
Other operating charges
-€128
Financial income
-€286
Financial charges
+€346
Taxes
+€28,907
Result 2025
€10,142
raises the resultlowers the result
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.
From operations
-€16,356
Investment
-€27,097
Financing
-€7,117
Cash 2024
€186,094
From operations (derived)
-€16,356
Net result for the year
+€10,142
Depreciation
+€21,579
Stocks and contracts
+€1,833
Receivables within one year
-€50,610
Deferred charges and accrued income
+€1,912
Trade debts
+€2,550
Tax, wage and social debts
-€2,026
Other debts
-€355
Accrued charges and deferred income
-€1,382
Investment (derived)
-€27,097
Investment in fixed assets (net)
-€27,097
Financing
-€7,117
Debts after one year
-€7,260
Current portion of long-term debt
+€143
Cash 2025
€135,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,855 | €327,667 | +€1,812 | +0.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €38,102 | €43,620 | +€5,518 | +14.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €37,952 | €43,470 | +€5,518 | +14.5% |
| Land and buildings | 22 | €986 | €854 | -€132 | -13.4% |
| Plant, machinery and equipment | 23 | €24,795 | €13,632 | -€11,163 | -45.0% |
| Furniture and vehicles | 24 | €12,171 | €28,984 | +€16,813 | +138% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €287,752 | €284,047 | -€3,706 | -1.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €57,338 | €55,505 | -€1,833 | -3.2% |
| Stocks | 30/36 | €57,338 | €55,505 | -€1,833 | -3.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,475 | €91,085 | +€50,610 | +125% |
| Trade receivables | 40 | €39,668 | €73,641 | +€33,973 | +85.6% |
| Other amounts receivable | 41 | €807 | €17,443 | +€16,637 | +2,063% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €186,094 | €135,524 | -€50,571 | -27.2% |
| Deferred charges and accrued income | 490/1 | €3,846 | €1,934 | -€1,912 | -49.7% |
| Total equity and liabilities | 10/49 | €325,855 | €327,667 | +€1,812 | +0.6% |
| Equity | 10/15 | €301,012 | €311,153 | +€10,142 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €281,125 | €291,267 | +€10,142 | +3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €281,125 | €291,267 | +€10,142 | +3.6% |
| Profit (loss) carried forward | 14 | €1,287 | €1,287 | = | 0.0% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €24,843 | €16,513 | -€8,330 | -33.5% |
| Amounts payable after more than one year | 17 | €7,260 | €0 | -€7,260 | -100% |
| Financial debts | 170/4 | €7,260 | €0 | -€7,260 | -100% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,202 | €16,513 | +€312 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €7,117 | €7,260 | +€143 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,137 | €4,687 | +€2,550 | +119% |
| Suppliers | 440/4 | €2,137 | €4,687 | +€2,550 | +119% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,690 | €2,664 | -€2,026 | -43.2% |
| Taxes | 450/3 | €4,690 | €2,664 | -€2,026 | -43.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,257 | €1,902 | -€355 | -15.7% |
| Accrued charges and deferred income | 492/3 | €1,382 | €0 | -€1,382 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,078 | €21,579 | +€5,501 | +34.2% |
| Other operating charges | 640/8 | €1,578 | €1,706 | +€128 | +8.1% |
| Gross operating margin | 9900 | €135,457 | €38,789 | -€96,668 | -71.4% |
| Operating profit (loss) | 9901 | €117,800 | €15,503 | -€102,297 | -86.8% |
| Financial income | 75/76B | €393 | €107 | -€286 | -72.8% |
| Recurring financial income | 75 | €393 | €107 | -€286 | -72.8% |
| Financial charges | 65/66B | €962 | €616 | -€346 | -36.0% |
| Recurring financial charges | 65 | €962 | €616 | -€346 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €117,231 | €14,994 | -€102,237 | -87.2% |
| Income taxes | 67/77 | €33,759 | €4,853 | -€28,907 | -85.6% |
| Profit (loss) for the period | 9904 | €83,472 | €10,142 | -€73,330 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,472 | €10,142 | -€73,330 | -87.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.