TDLC Photography: what changed
What changed
TDLC Photography
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€23,597
2024 · €19,360+€4,237
Equity
€52,187
2024 · €29,423+€22,764
Cash
€19,798
2024 · €10,367+€9,431
Balance sheet total
€102,624
2024 · €59,817+€42,808
Largest movements
Assets
- Tangible fixed assets +€31,255
up €31,255 (+98.5%), from €31,720 to €62,975
of which Furniture and vehicles: +€29,281
- Cash +€9,431
up €9,431 (+91.0%), from €10,367 to €19,798
mainly Net result for the year (+€23,597) and Debts after one year (+€17,012)
- Deferred charges and accrued income +€2,797
up €2,797 (+837%), from €334 to €3,131
Equity and liabilities
- Reserves +€22,764
up €22,764 (+99.8%), from €22,808 to €45,572
- Debts after one year +€17,012
up €17,012 (+149%), from €11,434 to €28,446
- Current portion of long-term debt +€6,208
up €6,208 (+63.3%), from €9,800 to €16,008
- Tax, wage and social debts -€3,329
down €3,329 (-42.3%), from €7,862 to €4,533
of which Taxes: -€3,081
Income statement
- Gross operating margin +€7,521
up €7,521 (+17.2%), from €43,685 to €51,207
- Depreciation +€2,149
up €2,149 (+14.8%), from €14,555 to €16,704
- Taxes +€1,763
up €1,763 (+21.8%), from €8,095 to €9,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,360
Gross operating margin
+€7,521
Depreciation
-€2,149
Other operating charges
-€240
Other operating items
+€945
Financial income
+€124
Financial charges
-€201
Taxes
-€1,763
Result 2025
€23,597
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,003
Investment
-€47,959
Financing
+€22,387
Cash 2024
€10,367
From operations (derived)
+€35,003
Net result for the year
+€23,597
Depreciation
+€16,704
Receivables within one year
+€676
Deferred charges and accrued income
-€2,797
Trade debts
-€40
Tax, wage and social debts
-€3,329
Other debts
-€382
Accrued charges and deferred income
+€574
Investment (derived)
-€47,959
Investment in fixed assets (net)
-€47,959
Financing
+€22,387
Debts after one year
+€17,012
Current portion of long-term debt
+€6,208
Contributions, distributions and other
-€833
Cash 2025
€19,798
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,817 | €102,624 | +€42,808 | +71.6% |
| Fixed assets | 21/28 | €31,767 | €63,022 | +€31,255 | +98.4% |
| Tangible fixed assets | 22/27 | €31,720 | €62,975 | +€31,255 | +98.5% |
| Plant, machinery and equipment | 23 | €4,130 | €6,104 | +€1,974 | +47.8% |
| Furniture and vehicles | 24 | €27,590 | €56,871 | +€29,281 | +106% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €28,050 | €39,602 | +€11,552 | +41.2% |
| Amounts receivable within one year | 40/41 | €17,349 | €16,673 | -€676 | -3.9% |
| Trade receivables | 40 | €13,444 | €10,296 | -€3,148 | -23.4% |
| Other amounts receivable | 41 | €3,905 | €6,377 | +€2,472 | +63.3% |
| Cash at bank and in hand | 54/58 | €10,367 | €19,798 | +€9,431 | +91.0% |
| Deferred charges and accrued income | 490/1 | €334 | €3,131 | +€2,797 | +837% |
| Total equity and liabilities | 10/49 | €59,817 | €102,624 | +€42,808 | +71.6% |
| Equity | 10/15 | €29,423 | €52,187 | +€22,764 | +77.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €22,808 | €45,572 | +€22,764 | +99.8% |
| Distributable reserves | 133 | €22,808 | €45,572 | +€22,764 | +99.8% |
| Profit (loss) carried forward | 14 | €5,115 | €5,115 | = | 0.0% |
| Amounts payable | 17/49 | €30,394 | €50,437 | +€20,043 | +65.9% |
| Amounts payable after more than one year | 17 | €11,434 | €28,446 | +€17,012 | +149% |
| Financial debts | 170/4 | €11,434 | €28,446 | +€17,012 | +149% |
| Amounts payable within one year | 42/48 | €18,960 | €21,417 | +€2,457 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €9,800 | €16,008 | +€6,208 | +63.3% |
| Trade debts | 44 | €83 | €44 | -€40 | -47.9% |
| Suppliers | 440/4 | €83 | €44 | -€40 | -47.9% |
| Taxes, remuneration and social security | 45 | €7,862 | €4,533 | -€3,329 | -42.3% |
| Taxes | 450/3 | €7,613 | €4,533 | -€3,081 | -40.5% |
| Remuneration and social security | 454/9 | €248 | - | -€248 | |
| Other amounts payable | 47/48 | €1,215 | €833 | -€382 | -31.4% |
| Accrued charges and deferred income | 492/3 | - | €574 | +€574 | |
| Non-recurring operating income | 76A | €127 | - | -€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,555 | €16,704 | +€2,149 | +14.8% |
| Other operating charges | 640/8 | €629 | €870 | +€240 | +38.2% |
| Non-recurring operating charges | 66A | €945 | - | -€945 | |
| Gross operating margin | 9900 | €43,685 | €51,207 | +€7,521 | +17.2% |
| Operating profit (loss) | 9901 | €27,556 | €33,633 | +€6,077 | +22.1% |
| Financial income | 75/76B | €2 | €127 | +€124 | +5,402% |
| Recurring financial income | 75 | €2 | €127 | +€124 | +5,402% |
| Financial charges | 65/66B | €103 | €305 | +€201 | +195% |
| Recurring financial charges | 65 | €103 | €305 | +€201 | +195% |
| Profit (loss) for the period before taxes | 9903 | €27,455 | €33,455 | +€6,000 | +21.9% |
| Income taxes | 67/77 | €8,095 | €9,858 | +€1,763 | +21.8% |
| Profit (loss) for the period | 9904 | €19,360 | €23,597 | +€4,237 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,360 | €23,597 | +€4,237 | +21.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.