TDM Consulting: 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.
TDM Consulting
Largest movements
- Tangible fixed assets +€21,848
up €21,848 (+186%), from €11,721 to €33,569
- Cash +€4,867
up €4,867 (+1,100%), from €443 to €5,310
mainly Debts after one year (+€17,488) and Current portion of long-term debt (+€9,462)
- Receivables within one year -€1,053
down €1,053 (-5.9%), from €17,838 to €16,785
of which Trade receivables: -€3,000
- Deferred charges and accrued income +€818
up €818 (+66.8%), from €1,224 to €2,042
- Debts after one year +€17,488
up €17,488 (+1,189%), from €1,471 to €18,959
- Current portion of long-term debt +€9,462
up €9,462 (+277%), from €3,420 to €12,882
- Tax, wage and social debts -€4,449
down €4,449 (-34.6%), from €12,876 to €8,427
of which Taxes: -€2,769
- Trade debts +€2,494
up €2,494 (+210%), from €1,188 to €3,682
- Profit (loss) carried forward +€1,484
new in 2025: €1,484
- Depreciation +€4,847
up €4,847 (+108%), from €4,470 to €9,317
- Gross operating margin +€3,513
up €3,513 (+26.3%), from €13,336 to €16,850
- Taxes -€713
down €713 (-29.4%), from €2,429 to €1,716
- Financial charges +€577
up €577 (+138%), from €419 to €996
- Other operating charges +€420
new in 2025: €420
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 | €31,226 | €57,705 | +€26,479 | +84.8% |
| Fixed assets | 21/28 | €11,721 | €33,569 | +€21,848 | +186% |
| Tangible fixed assets | 22/27 | €11,721 | €33,569 | +€21,848 | +186% |
| Furniture and vehicles | 24 | €11,721 | €33,569 | +€21,848 | +186% |
| Current assets | 29/58 | €19,504 | €24,136 | +€4,631 | +23.7% |
| Amounts receivable within one year | 40/41 | €17,838 | €16,785 | -€1,053 | -5.9% |
| Trade receivables | 40 | €6,655 | €3,655 | -€3,000 | -45.1% |
| Other amounts receivable | 41 | €11,183 | €13,130 | +€1,947 | +17.4% |
| Cash at bank and in hand | 54/58 | €443 | €5,310 | +€4,867 | +1,100% |
| Deferred charges and accrued income | 490/1 | €1,224 | €2,042 | +€818 | +66.8% |
| Total equity and liabilities | 10/49 | €31,226 | €57,705 | +€26,479 | +84.8% |
| Equity | 10/15 | €12,271 | €13,754 | +€1,484 | +12.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,771 | €9,771 | = | 0.0% |
| Distributable reserves | 133 | €9,771 | €9,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,484 | +€1,484 | |
| Amounts payable | 17/49 | €18,955 | €43,950 | +€24,995 | +132% |
| Amounts payable after more than one year | 17 | €1,471 | €18,959 | +€17,488 | +1,189% |
| Financial debts | 170/4 | €1,471 | €18,959 | +€17,488 | +1,189% |
| Amounts payable within one year | 42/48 | €17,484 | €24,991 | +€7,507 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €3,420 | €12,882 | +€9,462 | +277% |
| Trade debts | 44 | €1,188 | €3,682 | +€2,494 | +210% |
| Suppliers | 440/4 | €1,188 | €3,682 | +€2,494 | +210% |
| Taxes, remuneration and social security | 45 | €12,876 | €8,427 | -€4,449 | -34.6% |
| Taxes | 450/3 | €11,196 | €8,427 | -€2,769 | -24.7% |
| Remuneration and social security | 454/9 | €1,680 | - | -€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,470 | €9,317 | +€4,847 | +108% |
| Other operating charges | 640/8 | - | €420 | +€420 | |
| Non-recurring operating charges | 66A | - | €3,369 | +€3,369 | |
| Gross operating margin | 9900 | €13,336 | €16,850 | +€3,513 | +26.3% |
| Operating profit (loss) | 9901 | €8,866 | €3,744 | -€5,122 | -57.8% |
| Financial income | 75/76B | €218 | €452 | +€233 | +107% |
| Recurring financial income | 75 | €218 | €452 | +€233 | +107% |
| Financial charges | 65/66B | €419 | €996 | +€577 | +138% |
| Recurring financial charges | 65 | €419 | €996 | +€577 | +138% |
| Profit (loss) for the period before taxes | 9903 | €8,665 | €3,199 | -€5,466 | -63.1% |
| Income taxes | 67/77 | €2,429 | €1,716 | -€713 | -29.4% |
| Profit (loss) for the period | 9904 | €6,236 | €1,484 | -€4,752 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,236 | €1,484 | -€4,752 | -76.2% |
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 26 October 2026 via checked.be.