TDLec: 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.
TDLec
Largest movements
- Stocks and contracts -€22,780
down €22,780 (-62.9%), from €36,230 to €13,450
- Receivables within one year -€20,854
down €20,854 (-37.3%), from €55,910 to €35,056
of which Trade receivables: -€12,306
- Tangible fixed assets -€13,886
down €13,886 (-35.4%), from €39,180 to €25,293
of which Furniture and vehicles: -€9,566
- Intangible fixed assets -€12,500
down €12,500 (-15.4%), from €81,199 to €68,699
- Cash +€2,436
up €2,436 (+40.2%), from €6,054 to €8,490
mainly Depreciation (+€28,990) and Stocks and contracts (+€22,780)
- Other debts -€57,418
down €57,418 (-59.5%), from €96,516 to €39,098
- Trade debts -€31,690
down €31,690 (-57.7%), from €54,890 to €23,200
- Debts after one year +€22,267
up €22,267 (+338%), from €6,591 to €28,857
- Current portion of long-term debt +€6,876
up €6,876 (+165%), from €4,158 to €11,034
- Tax, wage and social debts -€6,595
down €6,595 (-40.4%), from €16,319 to €9,724
of which Taxes: -€6,954
- Gross operating margin -€4,902
down €4,902 (-11.4%), from €43,140 to €38,238
- Staff costs -€4,559
down €4,559 (-71.8%), from €6,353 to €1,793
- Depreciation +€1,691
up €1,691 (+6.2%), from €27,299 to €28,990
- Financial charges +€447
up €447 (+11.3%), from €3,971 to €4,418
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 | €220,827 | €155,236 | -€65,591 | -29.7% |
| Fixed assets | 21/28 | €120,378 | €93,992 | -€26,386 | -21.9% |
| Intangible fixed assets | 21 | €81,199 | €68,699 | -€12,500 | -15.4% |
| Tangible fixed assets | 22/27 | €39,180 | €25,293 | -€13,886 | -35.4% |
| Plant, machinery and equipment | 23 | €14,030 | €9,709 | -€4,321 | -30.8% |
| Furniture and vehicles | 24 | €25,150 | €15,584 | -€9,566 | -38.0% |
| Current assets | 29/58 | €100,449 | €61,244 | -€39,205 | -39.0% |
| Stocks and contracts in progress | 3 | €36,230 | €13,450 | -€22,780 | -62.9% |
| Stocks | 30/36 | €36,230 | €13,450 | -€22,780 | -62.9% |
| Amounts receivable within one year | 40/41 | €55,910 | €35,056 | -€20,854 | -37.3% |
| Trade receivables | 40 | €43,283 | €30,977 | -€12,306 | -28.4% |
| Other amounts receivable | 41 | €12,627 | €4,079 | -€8,548 | -67.7% |
| Cash at bank and in hand | 54/58 | €6,054 | €8,490 | +€2,436 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,255 | €4,248 | +€1,993 | +88.4% |
| Total equity and liabilities | 10/49 | €220,827 | €155,236 | -€65,591 | -29.7% |
| Equity | 10/15 | €42,354 | €43,323 | +€969 | +2.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,354 | €37,323 | +€969 | +2.7% |
| Amounts payable | 17/49 | €178,473 | €111,913 | -€66,560 | -37.3% |
| Amounts payable after more than one year | 17 | €6,591 | €28,857 | +€22,267 | +338% |
| Financial debts | 170/4 | €6,591 | €28,857 | +€22,267 | +338% |
| Amounts payable within one year | 42/48 | €171,882 | €83,056 | -€88,827 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €4,158 | €11,034 | +€6,876 | +165% |
| Trade debts | 44 | €54,890 | €23,200 | -€31,690 | -57.7% |
| Suppliers | 440/4 | €54,890 | €23,200 | -€31,690 | -57.7% |
| Taxes, remuneration and social security | 45 | €16,319 | €9,724 | -€6,595 | -40.4% |
| Taxes | 450/3 | €16,319 | €9,365 | -€6,954 | -42.6% |
| Remuneration and social security | 454/9 | - | €359 | +€359 | |
| Other amounts payable | 47/48 | €96,516 | €39,098 | -€57,418 | -59.5% |
| Remuneration, social security and pensions | 62 | €6,353 | €1,793 | -€4,559 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,299 | €28,990 | +€1,691 | +6.2% |
| Other operating charges | 640/8 | €73 | €64 | -€9 | -12.6% |
| Gross operating margin | 9900 | €43,140 | €38,238 | -€4,902 | -11.4% |
| Operating profit (loss) | 9901 | €9,415 | €7,391 | -€2,024 | -21.5% |
| Financial income | 75/76B | €5 | €31 | +€26 | +477% |
| Recurring financial income | 75 | €5 | €31 | +€26 | +477% |
| Financial charges | 65/66B | €3,971 | €4,418 | +€447 | +11.3% |
| Recurring financial charges | 65 | €3,971 | €4,418 | +€447 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €5,449 | €3,003 | -€2,446 | -44.9% |
| Income taxes | 67/77 | €2,374 | €2,035 | -€339 | -14.3% |
| Profit (loss) for the period | 9904 | €3,076 | €969 | -€2,107 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,076 | €969 | -€2,107 | -68.5% |
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 16 October 2026 via checked.be.