TDM-PROJECTS: 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.
TDM-PROJECTS
Largest movements
- Cash +€16,680
up €16,680 (+81.9%), from €20,368 to €37,049
mainly Depreciation (+€10,411) and Net result for the year (+€10,141)
- Tangible fixed assets -€8,911
down €8,911 (-19.5%), from €45,745 to €36,834
of which Leasing and similar rights: -€10,380
- Profit (loss) carried forward +€10,141
up €10,141 (+137.8%), from €7,361 to €17,502
- Debts after one year -€7,474
down €7,474 (-20.8%), from €35,948 to €28,474
- Trade debts +€2,893
up €2,893 (+208.3%), from €1,389 to €4,282
- Tax, wage and social debts +€1,713
up €1,713 (+126.9%), from €1,350 to €3,063
- Gross operating margin +€10,186
up €10,186 (+47.9%), from €21,250 to €31,436
- Depreciation +€4,256
up €4,256 (+69.2%), from €6,155 to €10,411
- Taxes +€1,713
up €1,713 (+126.9%), from €1,350 to €3,063
- Financial charges +€1,297
up €1,297 (+41.8%), from €3,098 to €4,395
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 | €69,191 | €77,489 | +€8,297 | +12.0% |
| Fixed assets | 21/28 | €45,745 | €36,834 | -€8,911 | -19.5% |
| Tangible fixed assets | 22/27 | €45,745 | €36,834 | -€8,911 | -19.5% |
| Land and buildings | 22 | - | €1,469 | +€1,469 | |
| Leasing and similar rights | 25 | €45,745 | €35,365 | -€10,380 | -22.7% |
| Current assets | 29/58 | €23,446 | €40,654 | +€17,208 | +73.4% |
| Amounts receivable within one year | 40/41 | €3,078 | €3,606 | +€528 | +17.2% |
| Trade receivables | 40 | €2,354 | €2,591 | +€237 | +10.1% |
| Other amounts receivable | 41 | €723 | €1,014 | +€291 | +40.2% |
| Cash at bank and in hand | 54/58 | €20,368 | €37,049 | +€16,680 | +81.9% |
| Total equity and liabilities | 10/49 | €69,191 | €77,489 | +€8,297 | +12.0% |
| Equity | 10/15 | €9,861 | €20,002 | +€10,141 | +102.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,361 | €17,502 | +€10,141 | +137.8% |
| Amounts payable | 17/49 | €59,331 | €57,487 | -€1,844 | -3.1% |
| Amounts payable after more than one year | 17 | €35,948 | €28,474 | -€7,474 | -20.8% |
| Financial debts | 170/4 | €35,948 | €28,474 | -€7,474 | -20.8% |
| Amounts payable within one year | 42/48 | €23,382 | €29,013 | +€5,630 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €6,886 | €7,474 | +€588 | +8.5% |
| Trade debts | 44 | €1,389 | €4,282 | +€2,893 | +208.3% |
| Suppliers | 440/4 | €1,389 | €4,282 | +€2,893 | +208.3% |
| Taxes, remuneration and social security | 45 | €1,350 | €3,063 | +€1,713 | +126.9% |
| Taxes | 450/3 | €1,350 | €3,063 | +€1,713 | +126.9% |
| Other amounts payable | 47/48 | €13,758 | €14,193 | +€435 | +3.2% |
| Remuneration, social security and pensions | 62 | €2,206 | €2,520 | +€314 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,155 | €10,411 | +€4,256 | +69.2% |
| Other operating charges | 640/8 | €1,080 | €906 | -€174 | -16.1% |
| Gross operating margin | 9900 | €21,250 | €31,436 | +€10,186 | +47.9% |
| Operating profit (loss) | 9901 | €11,809 | €17,599 | +€5,790 | +49.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,098 | €4,395 | +€1,297 | +41.8% |
| Recurring financial charges | 65 | €3,098 | €4,395 | +€1,297 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €8,710 | €13,204 | +€4,494 | +51.6% |
| Income taxes | 67/77 | €1,350 | €3,063 | +€1,713 | +126.9% |
| Profit (loss) for the period | 9904 | €7,361 | €10,141 | +€2,780 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,361 | €10,141 | +€2,780 | +37.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.