TDG CONCEPT: 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.
TDG CONCEPT
Largest movements
- Cash +€276,025
up €276,025 (+1585.2%), from €17,412 to €293,438
mainly Other debts (+€152,628) and Receivables after one year (+€140,000)
- Receivables after one year -€140,000
down €140,000 (-30.4%), from €460,000 to €320,000
- Receivables within one year -€31,539
down €31,539 (-88.0%), from €35,840 to €4,301
of which Trade receivables: -€18,637
- Tangible fixed assets -€27,454
down €27,454 (-6.4%), from €426,364 to €398,910
of which Land and buildings: -€26,754
- Other debts +€152,628
new in 2025: €152,628
- Reserves -€63,662
down €63,662 (-14.8%), from €430,029 to €366,366
of which Distributable reserves: -€60,372
- Accrued charges and deferred income +€31,648
up €31,648 (+824.7%), from €3,838 to €35,486
- Debts after one year -€29,332
down €29,332 (-8.0%), from €365,478 to €336,147
- Gross operating margin -€9,944
down €9,944 (-8.1%), from €123,181 to €113,237
- Financial income -€9,706
down €9,706 (-51.8%), from €18,722 to €9,015
- Depreciation -€3,518
down €3,518 (-10.4%), from €33,803 to €30,284
- Other operating charges +€1,598
up €1,598 (+31.8%), from €5,028 to €6,626
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 | €945,910 | €1,027,268 | +€81,358 | +8.6% |
| Fixed assets | 21/28 | €426,414 | €398,960 | -€27,454 | -6.4% |
| Tangible fixed assets | 22/27 | €426,364 | €398,910 | -€27,454 | -6.4% |
| Land and buildings | 22 | €417,030 | €390,276 | -€26,754 | -6.4% |
| Furniture and vehicles | 24 | €9,334 | €8,634 | -€700 | -7.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €519,496 | €628,308 | +€108,811 | +20.9% |
| Amounts receivable after more than one year | 29 | €460,000 | €320,000 | -€140,000 | -30.4% |
| Other amounts receivable | 291 | €460,000 | €320,000 | -€140,000 | -30.4% |
| Amounts receivable within one year | 40/41 | €35,840 | €4,301 | -€31,539 | -88.0% |
| Trade receivables | 40 | €18,637 | - | -€18,637 | |
| Other amounts receivable | 41 | €17,203 | €4,301 | -€12,902 | -75.0% |
| Cash at bank and in hand | 54/58 | €17,412 | €293,438 | +€276,025 | +1585.2% |
| Deferred charges and accrued income | 490/1 | €6,244 | €10,569 | +€4,325 | +69.3% |
| Total equity and liabilities | 10/49 | €945,910 | €1,027,268 | +€81,358 | +8.6% |
| Equity | 10/15 | €489,922 | €426,260 | -€63,662 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,029 | €366,366 | -€63,662 | -14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,079 | €52,788 | -€3,290 | -5.9% |
| Distributable reserves | 133 | €372,090 | €311,718 | -€60,372 | -16.2% |
| Profit (loss) carried forward | 14 | €41,294 | €41,294 | = | 0.0% |
| Provisions and deferred taxes | 16 | €27,652 | €25,549 | -€2,104 | -7.6% |
| Provisions for liabilities and charges | 160/5 | €27,652 | €25,549 | -€2,104 | -7.6% |
| Taxes | 161 | €27,652 | €25,549 | -€2,104 | -7.6% |
| Amounts payable | 17/49 | €428,335 | €575,459 | +€147,124 | +34.3% |
| Amounts payable after more than one year | 17 | €365,478 | €336,147 | -€29,332 | -8.0% |
| Financial debts | 170/4 | €365,478 | €336,147 | -€29,332 | -8.0% |
| Amounts payable within one year | 42/48 | €59,019 | €203,826 | +€144,807 | +245.4% |
| Current portion of amounts payable after more than one year | 42 | €28,802 | €29,332 | +€530 | +1.8% |
| Financial debts | 43 | €10,909 | €10,909 | = | 0.0% |
| Credit institutions | 430/8 | €10,909 | €10,909 | = | 0.0% |
| Trade debts | 44 | €10,584 | €6,923 | -€3,661 | -34.6% |
| Suppliers | 440/4 | €10,584 | €6,923 | -€3,661 | -34.6% |
| Taxes, remuneration and social security | 45 | €8,725 | €4,035 | -€4,690 | -53.8% |
| Taxes | 450/3 | €8,725 | €4,035 | -€4,690 | -53.8% |
| Other amounts payable | 47/48 | - | €152,628 | +€152,628 | |
| Accrued charges and deferred income | 492/3 | €3,838 | €35,486 | +€31,648 | +824.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,803 | €30,284 | -€3,518 | -10.4% |
| Other operating charges | 640/8 | €5,028 | €6,626 | +€1,598 | +31.8% |
| Gross operating margin | 9900 | €123,181 | €113,237 | -€9,944 | -8.1% |
| Operating profit (loss) | 9901 | €84,351 | €76,327 | -€8,024 | -9.5% |
| Financial income | 75/76B | €18,722 | €9,015 | -€9,706 | -51.8% |
| Recurring financial income | 75 | €18,722 | €9,015 | -€9,706 | -51.8% |
| Financial charges | 65/66B | €10,705 | €10,554 | -€150 | -1.4% |
| Recurring financial charges | 65 | €10,705 | €10,554 | -€150 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €92,368 | €74,788 | -€17,580 | -19.0% |
| Transfer from deferred taxes | 780 | €2,104 | €2,104 | = | 0.0% |
| Income taxes | 67/77 | €9,988 | €10,689 | +€701 | +7.0% |
| Profit (loss) for the period | 9904 | €84,484 | €66,203 | -€18,281 | -21.6% |
| Transfer from tax-exempt reserves | 789 | €3,290 | €3,290 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,774 | €69,493 | -€18,281 | -20.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.