Tdm&T: 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&T
Largest movements
- Tangible fixed assets -€23,600
down €23,600 (-10.5%), from €224,200 to €200,600
- Cash +€3,333
up €3,333 (+28.6%), from €11,640 to €14,973
mainly Depreciation (+€23,600) and Net result for the year (+€18,042)
- Debts after one year -€35,989
down €35,989 (-25.9%), from €139,009 to €103,020
- Reserves +€18,042
up €18,042 (+25.9%), from €69,608 to €87,650
- Gross operating margin +€3,226
up €3,226 (+5.9%), from €54,624 to €57,850
- Taxes +€762
up €762 (+14.1%), from €5,390 to €6,152
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 | €262,547 | €242,787 | -€19,760 | -7.5% |
| Fixed assets | 21/28 | €224,200 | €200,600 | -€23,600 | -10.5% |
| Tangible fixed assets | 22/27 | €224,200 | €200,600 | -€23,600 | -10.5% |
| Land and buildings | 22 | €224,200 | €200,600 | -€23,600 | -10.5% |
| Current assets | 29/58 | €38,347 | €42,187 | +€3,840 | +10.0% |
| Amounts receivable within one year | 40/41 | €26,707 | €27,214 | +€508 | +1.9% |
| Other amounts receivable | 41 | €26,707 | €27,214 | +€508 | +1.9% |
| Cash at bank and in hand | 54/58 | €11,640 | €14,973 | +€3,333 | +28.6% |
| Total equity and liabilities | 10/49 | €262,547 | €242,787 | -€19,760 | -7.5% |
| Equity | 10/15 | €80,290 | €98,333 | +€18,042 | +22.5% |
| Contributions | 10/11 | €10,683 | €10,683 | = | 0.0% |
| Reserves | 13 | €69,608 | €87,650 | +€18,042 | +25.9% |
| Distributable reserves | 133 | €69,608 | €87,650 | +€18,042 | +25.9% |
| Amounts payable | 17/49 | €182,257 | €144,455 | -€37,802 | -20.7% |
| Amounts payable after more than one year | 17 | €139,009 | €103,020 | -€35,989 | -25.9% |
| Financial debts | 170/4 | €139,009 | €103,020 | -€35,989 | -25.9% |
| Amounts payable within one year | 42/48 | €41,170 | €41,435 | +€265 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €38,184 | €37,953 | -€231 | -0.6% |
| Trade debts | 44 | - | €1,006 | +€1,006 | |
| Suppliers | 440/4 | - | €1,006 | +€1,006 | |
| Taxes, remuneration and social security | 45 | €2,986 | €1,049 | -€1,937 | -64.9% |
| Taxes | 450/3 | €2,986 | €1,049 | -€1,937 | -64.9% |
| Other amounts payable | 47/48 | - | €1,427 | +€1,427 | |
| Accrued charges and deferred income | 492/3 | €2,078 | €0 | -€2,078 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,600 | €23,600 | = | 0.0% |
| Other operating charges | 640/8 | €2,297 | €2,426 | +€129 | +5.6% |
| Gross operating margin | 9900 | €54,624 | €57,850 | +€3,226 | +5.9% |
| Operating profit (loss) | 9901 | €28,727 | €31,824 | +€3,096 | +10.8% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €7,245 | €7,629 | +€384 | +5.3% |
| Recurring financial charges | 65 | €7,245 | €7,629 | +€384 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €21,498 | €24,194 | +€2,697 | +12.5% |
| Income taxes | 67/77 | €5,390 | €6,152 | +€762 | +14.1% |
| Profit (loss) for the period | 9904 | €16,107 | €18,042 | +€1,935 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,107 | €18,042 | +€1,935 | +12.0% |
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 13 October 2026 via checked.be.