TDK CONSTRUCT: 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.
TDK CONSTRUCT
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+112.8%), from €1.6m to €3.3m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets +€439,681
up €439,681 (+49.0%), from €897,588 to €1.3m
of which Land and buildings: +€386,804
- Stocks and contracts -€103,765
down €103,765 (-21.9%), from €473,096 to €369,332
of which Stocks: -€112,772
- Debts after one year +€1.2m
up €1.2m (+662.5%), from €183,873 to €1.4m
- Reserves +€317,322
up €317,322 (+10.9%), from €2.9m to €3.2m
of which Distributable reserves: +€317,322
- Current portion of long-term debt +€291,776
up €291,776 (+464.8%), from €62,781 to €354,557
- Other debts +€210,157
up €210,157 (+141.4%), from €148,659 to €358,816
- Trade debts +€199,279
up €199,279 (+40.1%), from €496,706 to €695,985
- Staff costs +€67,902
up €67,902 (+3.8%), from €1.8m to €1.9m
- Depreciation +€63,220
up €63,220 (+26.8%), from €236,201 to €299,421
- Gross operating margin -€62,420
down €62,420 (-1.9%), from €3.3m to €3.2m
- Taxes -€52,029
down €52,029 (-14.3%), from €363,830 to €311,801
- Financial income +€47,532
up €47,532 (+64.1%), from €74,162 to €121,693
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 | €4,051,184 | €6,156,405 | +€2.1m | +52.0% |
| Fixed assets | 21/28 | €917,612 | €1,357,428 | +€439,816 | +47.9% |
| Tangible fixed assets | 22/27 | €897,588 | €1,337,269 | +€439,681 | +49.0% |
| Land and buildings | 22 | €337,266 | €724,070 | +€386,804 | +114.7% |
| Plant, machinery and equipment | 23 | €255,292 | €155,024 | -€100,267 | -39.3% |
| Furniture and vehicles | 24 | €251,184 | €71,616 | -€179,568 | -71.5% |
| Leasing and similar rights | 25 | €48,846 | €381,558 | +€332,712 | +681.1% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,024 | €20,159 | +€135 | +0.7% |
| Current assets | 29/58 | €3,133,573 | €4,798,977 | +€1.7m | +53.1% |
| Stocks and contracts in progress | 3 | €473,096 | €369,332 | -€103,765 | -21.9% |
| Stocks | 30/36 | €400,603 | €287,832 | -€112,772 | -28.2% |
| Contracts in progress | 37 | €72,493 | €81,500 | +€9,007 | +12.4% |
| Amounts receivable within one year | 40/41 | €1,553,548 | €3,306,055 | +€1.8m | +112.8% |
| Trade receivables | 40 | €847,801 | €1,481,124 | +€633,323 | +74.7% |
| Other amounts receivable | 41 | €705,747 | €1,824,931 | +€1.1m | +158.6% |
| Cash at bank and in hand | 54/58 | €1,054,199 | €1,090,400 | +€36,201 | +3.4% |
| Deferred charges and accrued income | 490/1 | €52,729 | €33,191 | -€19,538 | -37.1% |
| Total equity and liabilities | 10/49 | €4,051,184 | €6,156,405 | +€2.1m | +52.0% |
| Equity | 10/15 | €2,938,489 | €3,255,811 | +€317,322 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,918,489 | €3,235,811 | +€317,322 | +10.9% |
| Non-distributable reserves | 130/1 | €8,885 | €8,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,885 | €8,885 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €2,909,604 | €3,226,926 | +€317,322 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,112,695 | €2,900,594 | +€1.8m | +160.7% |
| Amounts payable after more than one year | 17 | €183,873 | €1,401,973 | +€1.2m | +662.5% |
| Financial debts | 170/4 | €183,873 | €1,401,973 | +€1.2m | +662.5% |
| Amounts payable within one year | 42/48 | €927,876 | €1,498,526 | +€570,651 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €62,781 | €354,557 | +€291,776 | +464.8% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Other loans | 439 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €496,706 | €695,985 | +€199,279 | +40.1% |
| Suppliers | 440/4 | €496,706 | €695,985 | +€199,279 | +40.1% |
| Taxes, remuneration and social security | 45 | €69,730 | €89,168 | +€19,439 | +27.9% |
| Taxes | 450/3 | €63,830 | €89,168 | +€25,339 | +39.7% |
| Remuneration and social security | 454/9 | €5,900 | €0 | -€5,900 | -100.0% |
| Other amounts payable | 47/48 | €148,659 | €358,816 | +€210,157 | +141.4% |
| Accrued charges and deferred income | 492/3 | €946 | €94 | -€852 | -90.0% |
| Non-recurring operating income | 76A | €0 | €33,750 | +€33,750 | |
| Remuneration, social security and pensions | 62 | €1,801,680 | €1,869,582 | +€67,902 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,201 | €299,421 | +€63,220 | +26.8% |
| Other operating charges | 640/8 | €23,110 | €17,475 | -€5,635 | -24.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,262,746 | €3,200,326 | -€62,420 | -1.9% |
| Operating profit (loss) | 9901 | €1,201,756 | €1,013,849 | -€187,907 | -15.6% |
| Financial income | 75/76B | €74,162 | €121,693 | +€47,532 | +64.1% |
| Recurring financial income | 75 | €74,162 | €121,693 | +€47,532 | +64.1% |
| Financial charges | 65/66B | €160,153 | €147,603 | -€12,550 | -7.8% |
| Recurring financial charges | 65 | €160,153 | €147,603 | -€12,550 | -7.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,115,764 | €987,938 | -€127,826 | -11.5% |
| Income taxes | 67/77 | €363,830 | €311,801 | -€52,029 | -14.3% |
| Profit (loss) for the period | 9904 | €751,935 | €676,138 | -€75,797 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €751,935 | €676,138 | -€75,797 | -10.1% |
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 5 October 2026 via checked.be.