TDM SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€879,734
up €879,734 (+158%), from €557,574 to €1.4m
of which Other amounts receivable: +€1.4m
- Current investments +€450,000
up €450,000 (+75.0%), from €600,000 to €1.1m
- Financial fixed assets -€312,218
down €312,218 (-100%), from €312,218 to €0
- Cash +€198,547
up €198,547 (+254%), from €78,066 to €276,613
mainly Net result for the year (+€5.5m) and Other debts (+€1.3m)
- Receivables after one year -€75,000
down €75,000 (-59.5%), from €126,009 to €51,009
- Other debts +€1.3m
up €1.3m (+84.8%), from €1.5m to €2.7m
- Tax, wage and social debts -€100,185
down €100,185 (-92.3%), from €108,597 to €8,413
of which Taxes: -€93,069
- Short-term financial debts -€77,864
down €77,864 (-93.0%), from €83,747 to €5,884
- Profit (loss) carried forward +€45,037
up €45,037 (+1,088%), from €4,140 to €49,178
- Financial income +€5.0m
up €5.0m (+854%), from €581,038 to €5.5m
of which Non-recurring financial income: +€4.6m
- Gross operating margin -€417,003
down €417,003 (-78.9%), from €528,573 to €111,570
- Taxes -€123,558
down €123,558 (-97.1%), from €127,228 to €3,670
- Other operating charges +€81,938
up €81,938 (+4,599%), from €1,782 to €83,720
- Financial charges -€16,376
down €16,376 (-73.6%), from €22,239 to €5,863
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 | €1,700,871 | €2,828,435 | +€1.1m | +66.3% |
| Fixed assets | 21/28 | €334,643 | €9,579 | -€325,064 | -97.1% |
| Tangible fixed assets | 22/27 | €22,425 | €9,579 | -€12,846 | -57.3% |
| Plant, machinery and equipment | 23 | €7,705 | €5,291 | -€2,414 | -31.3% |
| Furniture and vehicles | 24 | €5,097 | €2,411 | -€2,686 | -52.7% |
| Other tangible fixed assets | 26 | €9,624 | €1,878 | -€7,746 | -80.5% |
| Financial fixed assets | 28 | €312,218 | €0 | -€312,218 | -100% |
| Current assets | 29/58 | €1,366,228 | €2,818,856 | +€1.5m | +106% |
| Amounts receivable after more than one year | 29 | €126,009 | €51,009 | -€75,000 | -59.5% |
| Other amounts receivable | 291 | €126,009 | €51,009 | -€75,000 | -59.5% |
| Amounts receivable within one year | 40/41 | €557,574 | €1,437,308 | +€879,734 | +158% |
| Trade receivables | 40 | €544,803 | €31,263 | -€513,540 | -94.3% |
| Other amounts receivable | 41 | €12,772 | €1,406,046 | +€1.4m | +10,909% |
| Current investments | 50/53 | €600,000 | €1,050,000 | +€450,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €78,066 | €276,613 | +€198,547 | +254% |
| Deferred charges and accrued income | 490/1 | €4,579 | €3,927 | -€652 | -14.2% |
| Total equity and liabilities | 10/49 | €1,700,871 | €2,828,435 | +€1.1m | +66.3% |
| Equity | 10/15 | €22,740 | €67,778 | +€45,037 | +198% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,140 | €49,178 | +€45,037 | +1,088% |
| Amounts payable | 17/49 | €1,678,131 | €2,760,658 | +€1.1m | +64.5% |
| Amounts payable within one year | 42/48 | €1,678,131 | €2,760,658 | +€1.1m | +64.5% |
| Financial debts | 43 | €83,747 | €5,884 | -€77,864 | -93.0% |
| Credit institutions | 430/8 | €83,747 | €5,884 | -€77,864 | -93.0% |
| Trade debts | 44 | €2,586 | €5,374 | +€2,789 | +108% |
| Suppliers | 440/4 | €2,586 | €5,374 | +€2,789 | +108% |
| Taxes, remuneration and social security | 45 | €108,597 | €8,413 | -€100,185 | -92.3% |
| Taxes | 450/3 | €98,019 | €4,950 | -€93,069 | -95.0% |
| Remuneration and social security | 454/9 | €10,578 | €3,463 | -€7,115 | -67.3% |
| Other amounts payable | 47/48 | €1,483,200 | €2,740,987 | +€1.3m | +84.8% |
| Non-recurring operating income | 76A | - | €6,767 | +€6,767 | |
| Remuneration, social security and pensions | 62 | €13,973 | €14,807 | +€834 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €3,319 | -€972 | -22.7% |
| Other operating charges | 640/8 | €1,782 | €83,720 | +€81,938 | +4,599% |
| Gross operating margin | 9900 | €528,573 | €111,570 | -€417,003 | -78.9% |
| Operating profit (loss) | 9901 | €508,527 | €9,724 | -€498,803 | -98.1% |
| Financial income | 75/76B | €581,038 | €5,544,847 | +€5.0m | +854% |
| Recurring financial income | 75 | €94,459 | €462,135 | +€367,676 | +389% |
| Non-recurring financial income | 76B | €486,579 | €5,082,712 | +€4.6m | +945% |
| Financial charges | 65/66B | €22,239 | €5,863 | -€16,376 | -73.6% |
| Recurring financial charges | 65 | €22,239 | €5,863 | -€16,376 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €1,067,326 | €5,548,707 | +€4.5m | +420% |
| Income taxes | 67/77 | €127,228 | €3,670 | -€123,558 | -97.1% |
| Profit (loss) for the period | 9904 | €940,098 | €5,545,037 | +€4.6m | +490% |
| Profit (loss) for the period to be appropriated | 9905 | €940,098 | €5,545,037 | +€4.6m | +490% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.