TDHC: 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.
TDHC
Largest movements
- Cash -€13,381
down €13,381 (-22.3%), from €59,906 to €46,526
mainly Contributions, distributions and other (-€104,000) and Other debts (-€15,839)
- Tangible fixed assets -€3,337
down €3,337 (-58.3%), from €5,722 to €2,385
- Other debts -€15,839
down €15,839 (-14.6%), from €108,588 to €92,749
- Tax, wage and social debts +€2,954
up €2,954 (+53.5%), from €5,518 to €8,472
of which Taxes: +€2,954
- Reserves -€1,977
down €1,977 (-76.3%), from €2,591 to €614
- Gross operating margin -€9,337
down €9,337 (-6.4%), from €145,354 to €136,016
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 | €124,198 | €108,161 | -€16,038 | -12.9% |
| Fixed assets | 21/28 | €5,722 | €2,385 | -€3,337 | -58.3% |
| Tangible fixed assets | 22/27 | €5,722 | €2,385 | -€3,337 | -58.3% |
| Furniture and vehicles | 24 | €5,722 | €2,385 | -€3,337 | -58.3% |
| Current assets | 29/58 | €118,477 | €105,776 | -€12,701 | -10.7% |
| Amounts receivable within one year | 40/41 | €30,400 | €31,200 | +€800 | +2.6% |
| Trade receivables | 40 | €30,400 | €31,200 | +€800 | +2.6% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,906 | €46,526 | -€13,381 | -22.3% |
| Deferred charges and accrued income | 490/1 | €3,170 | €3,050 | -€120 | -3.8% |
| Total equity and liabilities | 10/49 | €124,198 | €108,161 | -€16,038 | -12.9% |
| Equity | 10/15 | €7,591 | €5,614 | -€1,977 | -26.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,591 | €614 | -€1,977 | -76.3% |
| Distributable reserves | 133 | €2,591 | €614 | -€1,977 | -76.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,607 | €102,546 | -€14,061 | -12.1% |
| Amounts payable within one year | 42/48 | €116,282 | €102,221 | -€14,061 | -12.1% |
| Trade debts | 44 | €2,176 | €1,000 | -€1,176 | -54.0% |
| Suppliers | 440/4 | €2,176 | €1,000 | -€1,176 | -54.0% |
| Taxes, remuneration and social security | 45 | €5,518 | €8,472 | +€2,954 | +53.5% |
| Taxes | 450/3 | €3,518 | €6,472 | +€2,954 | +84.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €108,588 | €92,749 | -€15,839 | -14.6% |
| Accrued charges and deferred income | 492/3 | €325 | €325 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,559 | €3,337 | -€1,222 | -26.8% |
| Other operating charges | 640/8 | €598 | €369 | -€229 | -38.3% |
| Gross operating margin | 9900 | €145,354 | €136,016 | -€9,337 | -6.4% |
| Operating profit (loss) | 9901 | €140,197 | €132,310 | -€7,887 | -5.6% |
| Financial income | 75/76B | - | €569 | +€569 | |
| Recurring financial income | 75 | - | €569 | +€569 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €140,143 | €132,825 | -€7,318 | -5.2% |
| Income taxes | 67/77 | €31,919 | €30,802 | -€1,117 | -3.5% |
| Profit (loss) for the period | 9904 | €108,224 | €102,023 | -€6,200 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,224 | €102,023 | -€6,200 | -5.7% |
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.