TDM-DAKWERKEN: 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-DAKWERKEN
Largest movements
- Cash +€38,208
up €38,208 (+21.2%), from €180,340 to €218,548
mainly Trade debts (+€52,303) and Short-term financial debts (+€50,000)
- Tangible fixed assets -€24,923
down €24,923 (-5.5%), from €453,927 to €429,005
of which Plant, machinery and equipment: -€14,170
- Trade debts +€52,303
up €52,303 (+47.3%), from €110,593 to €162,896
- Short-term financial debts +€50,000
up €50,000 (+50.6%), from €98,760 to €148,760
- Debts after one year -€37,785
down €37,785 (-11.1%), from €341,580 to €303,795
- Other debts -€24,197
down €24,197 (-58.1%), from €41,667 to €17,470
- Tax, wage and social debts -€12,548
down €12,548 (-43.2%), from €29,043 to €16,496
of which Taxes: -€18,268
- Staff costs +€128,252
up €128,252 (+80.8%), from €158,791 to €287,043
- Gross operating margin +€110,071
up €110,071 (+40.3%), from €273,106 to €383,177
- Depreciation +€4,385
up €4,385 (+9.7%), from €45,104 to €49,489
- Financial charges +€4,221
up €4,221 (+16.4%), from €25,672 to €29,893
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 | €959,204 | €978,891 | +€19,687 | +2.1% |
| Fixed assets | 21/28 | €456,627 | €429,005 | -€27,623 | -6.0% |
| Tangible fixed assets | 22/27 | €453,927 | €429,005 | -€24,923 | -5.5% |
| Land and buildings | 22 | €282,188 | €274,041 | -€8,148 | -2.9% |
| Plant, machinery and equipment | 23 | €104,215 | €90,045 | -€14,170 | -13.6% |
| Furniture and vehicles | 24 | €67,524 | €64,919 | -€2,605 | -3.9% |
| Financial fixed assets | 28 | €2,700 | €0 | -€2,700 | -100% |
| Current assets | 29/58 | €502,577 | €549,887 | +€47,310 | +9.4% |
| Stocks and contracts in progress | 3 | €153,739 | €157,900 | +€4,161 | +2.7% |
| Stocks | 30/36 | €33,916 | €39,830 | +€5,914 | +17.4% |
| Contracts in progress | 37 | €119,823 | €118,070 | -€1,753 | -1.5% |
| Amounts receivable within one year | 40/41 | €166,874 | €167,269 | +€395 | +0.2% |
| Trade receivables | 40 | €122,379 | €116,071 | -€6,309 | -5.2% |
| Other amounts receivable | 41 | €44,495 | €51,198 | +€6,703 | +15.1% |
| Cash at bank and in hand | 54/58 | €180,340 | €218,548 | +€38,208 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,624 | €6,170 | +€4,546 | +280% |
| Total equity and liabilities | 10/49 | €959,204 | €978,891 | +€19,687 | +2.1% |
| Equity | 10/15 | €281,076 | €281,812 | +€736 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,476 | €263,212 | +€736 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €262,476 | €263,212 | +€736 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €678,129 | €697,080 | +€18,951 | +2.8% |
| Amounts payable after more than one year | 17 | €341,580 | €303,795 | -€37,785 | -11.1% |
| Financial debts | 170/4 | €341,580 | €303,795 | -€37,785 | -11.1% |
| Amounts payable within one year | 42/48 | €336,549 | €392,222 | +€55,673 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €56,279 | €46,203 | -€10,076 | -17.9% |
| Financial debts | 43 | €98,760 | €148,760 | +€50,000 | +50.6% |
| Credit institutions | 430/8 | €98,760 | €148,760 | +€50,000 | +50.6% |
| Trade debts | 44 | €110,593 | €162,896 | +€52,303 | +47.3% |
| Suppliers | 440/4 | €110,593 | €162,896 | +€52,303 | +47.3% |
| Advances received on contracts in progress | 46 | €207 | €398 | +€190 | +91.8% |
| Taxes, remuneration and social security | 45 | €29,043 | €16,496 | -€12,548 | -43.2% |
| Taxes | 450/3 | €19,425 | €1,156 | -€18,268 | -94.0% |
| Remuneration and social security | 454/9 | €9,619 | €15,339 | +€5,721 | +59.5% |
| Other amounts payable | 47/48 | €41,667 | €17,470 | -€24,197 | -58.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,063 | +€1,063 | |
| Remuneration, social security and pensions | 62 | €158,791 | €287,043 | +€128,252 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,104 | €49,489 | +€4,385 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,694 | €5,694 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,706 | €5,251 | +€1,545 | +41.7% |
| Non-recurring operating charges | 66A | €554 | €0 | -€554 | -100% |
| Gross operating margin | 9900 | €273,106 | €383,177 | +€110,071 | +40.3% |
| Operating profit (loss) | 9901 | €59,257 | €35,700 | -€23,558 | -39.8% |
| Financial income | 75/76B | €0 | €1,559 | +€1,559 | |
| Recurring financial income | 75 | €0 | €1,559 | +€1,559 | |
| Financial charges | 65/66B | €25,672 | €29,893 | +€4,221 | +16.4% |
| Recurring financial charges | 65 | €25,672 | €29,893 | +€4,221 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €33,585 | €7,366 | -€26,219 | -78.1% |
| Income taxes | 67/77 | €9,385 | €6,630 | -€2,755 | -29.4% |
| Profit (loss) for the period | 9904 | €24,201 | €736 | -€23,465 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,201 | €736 | -€23,465 | -97.0% |
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 1 November 2026 via checked.be.