TDLV CONSULT: 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.
TDLV CONSULT
Largest movements
- Stocks and contracts -€457,958
down €457,958 (-95.6%), from €479,118 to €21,161
- Cash +€109,736
up €109,736 (+204.5%), from €53,648 to €163,384
mainly Stocks and contracts (+€457,958) and Net result for the year (+€125,724)
- Short-term financial debts -€424,341
down €424,341 (-100.0%), from €424,341 to €0
- Profit (loss) carried forward +€85,230
up €85,230, from -€85,230 to €0
- Reserves +€40,495
up €40,495 (+36.5%), from €110,948 to €151,443
- Other debts -€39,875
down €39,875 (-39.3%), from €101,463 to €61,588
- Debts after one year -€8,355
down €8,355 (-15.1%), from €55,196 to €46,841
- Gross operating margin +€45,682
up €45,682 (+26.0%), from €175,989 to €221,671
- Taxes +€10,998
up €10,998 (+26.6%), from €41,398 to €52,397
- Financial charges +€4,209
up €4,209 (+37.4%), from €11,251 to €15,460
- Depreciation -€2,845
down €2,845 (-33.3%), from €8,540 to €5,696
- Financial income -€2,251
down €2,251 (-100.0%), from €2,251 to €0
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 | €695,882 | €348,129 | -€347,753 | -50.0% |
| Fixed assets | 21/28 | €82,406 | €80,767 | -€1,639 | -2.0% |
| Tangible fixed assets | 22/27 | €82,406 | €79,567 | -€2,839 | -3.4% |
| Land and buildings | 22 | €81,840 | €77,475 | -€4,365 | -5.3% |
| Plant, machinery and equipment | 23 | €0 | €1,932 | +€1,932 | |
| Furniture and vehicles | 24 | €566 | €160 | -€406 | -71.7% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €613,476 | €267,362 | -€346,114 | -56.4% |
| Stocks and contracts in progress | 3 | €479,118 | €21,161 | -€457,958 | -95.6% |
| Stocks | 30/36 | €479,118 | €21,161 | -€457,958 | -95.6% |
| Amounts receivable within one year | 40/41 | €80,443 | €81,529 | +€1,086 | +1.3% |
| Trade receivables | 40 | €48,782 | €7,500 | -€41,281 | -84.6% |
| Other amounts receivable | 41 | €31,662 | €74,029 | +€42,367 | +133.8% |
| Cash at bank and in hand | 54/58 | €53,648 | €163,384 | +€109,736 | +204.5% |
| Deferred charges and accrued income | 490/1 | €266 | €1,288 | +€1,021 | +383.5% |
| Total equity and liabilities | 10/49 | €695,882 | €348,129 | -€347,753 | -50.0% |
| Equity | 10/15 | €44,319 | €170,043 | +€125,724 | +283.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,948 | €151,443 | +€40,495 | +36.5% |
| Distributable reserves | 133 | €110,948 | €151,443 | +€40,495 | +36.5% |
| Profit (loss) carried forward | 14 | -€85,230 | €0 | +€85,230 | |
| Amounts payable | 17/49 | €651,563 | €178,086 | -€473,477 | -72.7% |
| Amounts payable after more than one year | 17 | €55,196 | €46,841 | -€8,355 | -15.1% |
| Financial debts | 170/4 | €55,196 | €46,841 | -€8,355 | -15.1% |
| Amounts payable within one year | 42/48 | €596,367 | €131,245 | -€465,122 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €8,149 | €8,355 | +€206 | +2.5% |
| Financial debts | 43 | €424,341 | €0 | -€424,341 | -100.0% |
| Credit institutions | 430/8 | €424,341 | €0 | -€424,341 | -100.0% |
| Trade debts | 44 | €420 | €4,030 | +€3,610 | +858.6% |
| Suppliers | 440/4 | €420 | €4,030 | +€3,610 | +858.6% |
| Taxes, remuneration and social security | 45 | €61,993 | €57,271 | -€4,722 | -7.6% |
| Taxes | 450/3 | €57,835 | €51,318 | -€6,517 | -11.3% |
| Remuneration and social security | 454/9 | €4,158 | €5,953 | +€1,795 | +43.2% |
| Other amounts payable | 47/48 | €101,463 | €61,588 | -€39,875 | -39.3% |
| Remuneration, social security and pensions | 62 | €19,551 | €20,630 | +€1,079 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,540 | €5,696 | -€2,845 | -33.3% |
| Other operating charges | 640/8 | €1,648 | €1,764 | +€117 | +7.1% |
| Non-recurring operating charges | 66A | €110 | €0 | -€110 | -100.0% |
| Gross operating margin | 9900 | €175,989 | €221,671 | +€45,682 | +26.0% |
| Operating profit (loss) | 9901 | €146,140 | €193,581 | +€47,441 | +32.5% |
| Financial income | 75/76B | €2,251 | €0 | -€2,251 | -100.0% |
| Recurring financial income | 75 | €2,251 | €0 | -€2,251 | -100.0% |
| Financial charges | 65/66B | €11,251 | €15,460 | +€4,209 | +37.4% |
| Recurring financial charges | 65 | €11,251 | €15,460 | +€4,209 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €137,140 | €178,121 | +€40,981 | +29.9% |
| Income taxes | 67/77 | €41,398 | €52,397 | +€10,998 | +26.6% |
| Profit (loss) for the period | 9904 | €95,741 | €125,724 | +€29,983 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,741 | €125,724 | +€29,983 | +31.3% |
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 8 October 2026 via checked.be.