TDK: 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.
TDK
Largest movements
- Cash -€129,605
down €129,605 (-72.3%), from €179,223 to €49,618
mainly Receivables within one year (-€126,035) and Net result for the year (-€20,514)
- Receivables within one year +€126,035
up €126,035 (+169%), from €74,367 to €200,402
of which Other amounts receivable: +€129,962
- Tangible fixed assets -€45,201
down €45,201 (-50.9%), from €88,877 to €43,676
of which Furniture and vehicles: -€36,532
- Stocks and contracts -€8,771
down €8,771 (-9.0%), from €97,059 to €88,287
- Profit (loss) carried forward -€20,514
down €20,514 (-20.4%), from €100,517 to €80,003
- Other debts -€19,000
no longer reported in 2025 (was €19,000)
- Debts after one year -€12,042
down €12,042 (-34.5%), from €34,903 to €22,861
- Trade debts -€7,695
down €7,695 (-71.1%), from €10,826 to €3,131
- Current portion of long-term debt -€4,764
down €4,764 (-28.3%), from €16,806 to €12,042
- Depreciation -€16,857
down €16,857 (-62.0%), from €27,196 to €10,338
- Staff costs +€11,452
up €11,452, from -€1 to €11,451
- Gross operating margin +€10,998
up €10,998 (+58.6%), from €18,780 to €29,778
- Other operating charges +€1,304
up €1,304 (+66.7%), from €1,956 to €3,260
- Financial income +€1,039
up €1,039 (+47.6%), from €2,183 to €3,222
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €442,860 | €383,251 | -€59,609 | -13.5% |
| Fixed assets | 21/28 | €89,522 | €44,321 | -€45,201 | -50.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €88,877 | €43,676 | -€45,201 | -50.9% |
| Land and buildings | 22 | €4,052 | €2,701 | -€1,351 | -33.3% |
| Plant, machinery and equipment | 23 | €3,688 | €2,151 | -€1,537 | -41.7% |
| Furniture and vehicles | 24 | €68,053 | €31,521 | -€36,532 | -53.7% |
| Other tangible fixed assets | 26 | €13,083 | €7,302 | -€5,781 | -44.2% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €353,338 | €338,931 | -€14,408 | -4.1% |
| Stocks and contracts in progress | 3 | €97,059 | €88,287 | -€8,771 | -9.0% |
| Stocks | 30/36 | €97,059 | €88,287 | -€8,771 | -9.0% |
| Amounts receivable within one year | 40/41 | €74,367 | €200,402 | +€126,035 | +169% |
| Trade receivables | 40 | €37,448 | €33,520 | -€3,927 | -10.5% |
| Other amounts receivable | 41 | €36,920 | €166,882 | +€129,962 | +352% |
| Cash at bank and in hand | 54/58 | €179,223 | €49,618 | -€129,605 | -72.3% |
| Deferred charges and accrued income | 490/1 | €2,689 | €623 | -€2,066 | -76.8% |
| Total equity and liabilities | 10/49 | €442,860 | €383,251 | -€59,609 | -13.5% |
| Equity | 10/15 | €360,628 | €340,113 | -€20,514 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,910 | €253,910 | = | 0.0% |
| Distributable reserves | 133 | €253,910 | €253,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,517 | €80,003 | -€20,514 | -20.4% |
| Amounts payable | 17/49 | €82,232 | €43,138 | -€39,094 | -47.5% |
| Amounts payable after more than one year | 17 | €34,903 | €22,861 | -€12,042 | -34.5% |
| Financial debts | 170/4 | €34,903 | €22,861 | -€12,042 | -34.5% |
| Amounts payable within one year | 42/48 | €46,932 | €19,545 | -€27,387 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €16,806 | €12,042 | -€4,764 | -28.3% |
| Trade debts | 44 | €10,826 | €3,131 | -€7,695 | -71.1% |
| Suppliers | 440/4 | €10,826 | €3,131 | -€7,695 | -71.1% |
| Taxes, remuneration and social security | 45 | €301 | €4,372 | +€4,071 | +1,355% |
| Taxes | 450/3 | €301 | €1,423 | +€1,123 | +374% |
| Remuneration and social security | 454/9 | - | €2,949 | +€2,949 | |
| Other amounts payable | 47/48 | €19,000 | - | -€19,000 | |
| Accrued charges and deferred income | 492/3 | €397 | €732 | +€335 | +84.3% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | -€1 | €11,451 | +€11,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,196 | €10,338 | -€16,857 | -62.0% |
| Other operating charges | 640/8 | €1,956 | €3,260 | +€1,304 | +66.7% |
| Non-recurring operating charges | 66A | €3,053 | €26,958 | +€23,904 | +783% |
| Gross operating margin | 9900 | €18,780 | €29,778 | +€10,998 | +58.6% |
| Operating profit (loss) | 9901 | -€13,424 | -€22,228 | -€8,804 | -65.6% |
| Financial income | 75/76B | €2,183 | €3,222 | +€1,039 | +47.6% |
| Recurring financial income | 75 | €2,183 | €3,222 | +€1,039 | +47.6% |
| Financial charges | 65/66B | €2,035 | €1,314 | -€721 | -35.4% |
| Recurring financial charges | 65 | €2,035 | €1,314 | -€721 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,277 | -€20,321 | -€7,044 | -53.1% |
| Income taxes | 67/77 | €307 | €194 | -€114 | -37.0% |
| Profit (loss) for the period | 9904 | -€13,584 | -€20,514 | -€6,930 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,584 | -€20,514 | -€6,930 | -51.0% |
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 13 October 2026 via checked.be.