TDG Consult: 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.
What changed
TDG Consult
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€63,505
2024 · €62,128+€1,377
Equity
€128,632
2024 · €65,128+€63,505
Cash
€57,113
2024 · €61,461-€4,348
Balance sheet total
€2.2m
2024 · €2.1m+€25,189
Largest movements
Assets
- Receivables within one year +€36,989
up €36,989 (+94.2%), from €39,251 to €76,240
of which Trade receivables: +€38,369
Equity and liabilities
- Reserves +€63,505
up €63,505 (+102%), from €62,128 to €125,632
- Debts after one year -€63,424
down €63,424 (-3.1%), from €2.0m to €2.0m
- Tax, wage and social debts +€22,584
up €22,584 (+66.0%), from €34,224 to €56,808
Income statement
- Gross operating margin +€2,650
up €2,650 (+2.7%), from €96,738 to €99,388
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.
Result 2024
€62,128
Gross operating margin
+€2,650
Depreciation
-€528
Other operating charges
-€394
Financial income
+€3
Financial charges
+€281
Taxes
-€634
Result 2025
€63,505
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€61,377
Investment
-€2,936
Financing
-€62,790
Cash 2024
€61,461
From operations (derived)
+€61,377
Net result for the year
+€63,505
Depreciation
+€10,560
Receivables within one year
-€36,989
Deferred charges and accrued income
-€172
Trade debts
+€212
Tax, wage and social debts
+€22,584
Other debts
+€1,677
Investment (derived)
-€2,936
Investment in fixed assets (net)
-€2,936
Financing
-€62,790
Debts after one year
-€63,424
Current portion of long-term debt
+€634
Cash 2025
€57,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,141,084 | €2,166,273 | +€25,189 | +1.2% |
| Fixed assets | 21/28 | €2,040,372 | €2,032,748 | -€7,624 | -0.4% |
| Tangible fixed assets | 22/27 | €40,372 | €32,748 | -€7,624 | -18.9% |
| Plant, machinery and equipment | 23 | €1,002 | €763 | -€240 | -23.9% |
| Furniture and vehicles | 24 | €39,370 | €31,985 | -€7,384 | -18.8% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €100,712 | €133,525 | +€32,813 | +32.6% |
| Amounts receivable within one year | 40/41 | €39,251 | €76,240 | +€36,989 | +94.2% |
| Trade receivables | 40 | €37,861 | €76,230 | +€38,369 | +101% |
| Other amounts receivable | 41 | €1,390 | €10 | -€1,380 | -99.3% |
| Cash at bank and in hand | 54/58 | €61,461 | €57,113 | -€4,348 | -7.1% |
| Deferred charges and accrued income | 490/1 | - | €172 | +€172 | |
| Total equity and liabilities | 10/49 | €2,141,084 | €2,166,273 | +€25,189 | +1.2% |
| Equity | 10/15 | €65,128 | €128,632 | +€63,505 | +97.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,128 | €125,632 | +€63,505 | +102% |
| Distributable reserves | 133 | €62,128 | €125,632 | +€63,505 | +102% |
| Amounts payable | 17/49 | €2,075,957 | €2,037,641 | -€38,316 | -1.8% |
| Amounts payable after more than one year | 17 | €2,028,718 | €1,965,295 | -€63,424 | -3.1% |
| Financial debts | 170/4 | €2,028,718 | €1,965,295 | -€63,424 | -3.1% |
| Amounts payable within one year | 42/48 | €47,239 | €72,346 | +€25,108 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €12,790 | €13,424 | +€634 | +5.0% |
| Trade debts | 44 | €225 | €437 | +€212 | +94.3% |
| Suppliers | 440/4 | €225 | €437 | +€212 | +94.3% |
| Taxes, remuneration and social security | 45 | €34,224 | €56,808 | +€22,584 | +66.0% |
| Taxes | 450/3 | €34,224 | €56,808 | +€22,584 | +66.0% |
| Other amounts payable | 47/48 | - | €1,677 | +€1,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,032 | €10,560 | +€528 | +5.3% |
| Other operating charges | 640/8 | - | €394 | +€394 | |
| Gross operating margin | 9900 | €96,738 | €99,388 | +€2,650 | +2.7% |
| Operating profit (loss) | 9901 | €86,706 | €88,434 | +€1,728 | +2.0% |
| Financial income | 75/76B | €1 | €3 | +€3 | +502% |
| Recurring financial income | 75 | €1 | €3 | +€3 | +502% |
| Financial charges | 65/66B | €2,127 | €1,845 | -€281 | -13.2% |
| Recurring financial charges | 65 | €2,127 | €1,845 | -€281 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €84,580 | €86,592 | +€2,012 | +2.4% |
| Income taxes | 67/77 | €22,453 | €23,087 | +€634 | +2.8% |
| Profit (loss) for the period | 9904 | €62,128 | €63,505 | +€1,377 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,128 | €63,505 | +€1,377 | +2.2% |
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 19 October 2026 via checked.be.