TDGI: 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.
TDGI
Largest movements
- Receivables within one year -€76,832
down €76,832 (-98.9%), from €77,696 to €864
of which Other amounts receivable: -€76,832
- Cash +€40,408
up €40,408 (+98.1%), from €41,211 to €81,620
mainly Receivables within one year (+€76,832) and Accrued charges and deferred income (+€1,252)
- Profit (loss) carried forward -€23,352
down €23,352 (-34.3%), from -€68,041 to -€91,393
- Trade debts -€14,307
down €14,307 (-97.0%), from €14,746 to €439
- Accrued charges and deferred income +€1,252
up €1,252 (+16.6%), from €7,520 to €8,772
- Gross operating margin +€27,545
up €27,545 (+55.7%), from -€49,423 to -€21,878
- Other operating charges -€1,378
down €1,378 (-73.9%), from €1,865 to €487
- Taxes +€1,316
up €1,316, from -€816 to €500
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 | €118,908 | €82,484 | -€36,424 | -30.6% |
| Current assets | 29/58 | €118,908 | €82,484 | -€36,424 | -30.6% |
| Amounts receivable within one year | 40/41 | €77,696 | €864 | -€76,832 | -98.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €77,696 | €864 | -€76,832 | -98.9% |
| Cash at bank and in hand | 54/58 | €41,211 | €81,620 | +€40,408 | +98.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €118,908 | €82,484 | -€36,424 | -30.6% |
| Equity | 10/15 | €95,609 | €72,257 | -€23,352 | -24.4% |
| Contributions | 10/11 | €163,650 | €163,650 | = | 0.0% |
| Capital | 10 | €163,650 | €163,650 | = | 0.0% |
| Issued capital | 100 | €163,650 | €163,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,041 | -€91,393 | -€23,352 | -34.3% |
| Amounts payable | 17/49 | €23,299 | €10,227 | -€13,072 | -56.1% |
| Amounts payable within one year | 42/48 | €15,779 | €1,455 | -€14,324 | -90.8% |
| Trade debts | 44 | €14,746 | €439 | -€14,307 | -97.0% |
| Suppliers | 440/4 | €14,746 | €439 | -€14,307 | -97.0% |
| Taxes, remuneration and social security | 45 | €1,033 | €1,017 | -€17 | -1.6% |
| Taxes | 450/3 | €1,033 | €1,017 | -€17 | -1.6% |
| Accrued charges and deferred income | 492/3 | €7,520 | €8,772 | +€1,252 | +16.6% |
| Non-recurring operating income | 76A | - | €3,222 | +€3,222 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,865 | €487 | -€1,378 | -73.9% |
| Non-recurring operating charges | 66A | €17,802 | €252 | -€17,550 | -98.6% |
| Gross operating margin | 9900 | -€49,423 | -€21,878 | +€27,545 | +55.7% |
| Operating profit (loss) | 9901 | -€69,090 | -€22,617 | +€46,473 | +67.3% |
| Financial income | 75/76B | €235 | €0 | -€235 | -100.0% |
| Recurring financial income | 75 | €235 | €0 | -€235 | -100.0% |
| Financial charges | 65/66B | €2 | €235 | +€233 | +14671.1% |
| Recurring financial charges | 65 | €2 | €235 | +€233 | +14671.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€68,857 | -€22,852 | +€46,005 | +66.8% |
| Income taxes | 67/77 | -€816 | €500 | +€1,316 | |
| Profit (loss) for the period | 9904 | -€68,041 | -€23,352 | +€44,689 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,041 | -€23,352 | +€44,689 | +65.7% |
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.