TDN MANAGEMENT: 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.
TDN MANAGEMENT
Largest movements
- Receivables within one year +€3,614
up €3,614 (+56.6%), from €6,386 to €10,000
of which Trade receivables: +€3,630
- Deferred charges and accrued income -€3,000
no longer reported in 2025 (was €3,000)
- Cash +€531
up €531 (+16.6%), from €3,199 to €3,730
mainly Deferred charges and accrued income (+€3,000) and Other debts (+€1,369)
- Tangible fixed assets -€270
down €270 (-23.0%), from €1,174 to €904
- Other debts +€1,369
up €1,369 (+6.8%), from €19,990 to €21,359
- Profit (loss) carried forward -€1,108
down €1,108 (-6.4%), from -€17,307 to -€18,415
- Trade debts +€573
up €573 (+53.2%), from €1,077 to €1,650
- Gross operating margin +€15,835
up €15,835 (+96.1%), from -€16,484 to -€649
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 | €13,760 | €14,635 | +€875 | +6.4% |
| Fixed assets | 21/28 | €1,174 | €904 | -€270 | -23.0% |
| Tangible fixed assets | 22/27 | €1,174 | €904 | -€270 | -23.0% |
| Furniture and vehicles | 24 | €1,174 | €904 | -€270 | -23.0% |
| Current assets | 29/58 | €12,585 | €13,730 | +€1,145 | +9.1% |
| Amounts receivable within one year | 40/41 | €6,386 | €10,000 | +€3,614 | +56.6% |
| Trade receivables | 40 | €6,370 | €10,000 | +€3,630 | +57.0% |
| Other amounts receivable | 41 | €16 | - | -€16 | |
| Cash at bank and in hand | 54/58 | €3,199 | €3,730 | +€531 | +16.6% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €13,760 | €14,635 | +€875 | +6.4% |
| Equity | 10/15 | -€7,307 | -€8,415 | -€1,108 | -15.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,307 | -€18,415 | -€1,108 | -6.4% |
| Amounts payable | 17/49 | €21,067 | €23,050 | +€1,983 | +9.4% |
| Amounts payable within one year | 42/48 | €21,067 | €23,050 | +€1,983 | +9.4% |
| Trade debts | 44 | €1,077 | €1,650 | +€573 | +53.2% |
| Suppliers | 440/4 | €1,077 | €1,650 | +€573 | +53.2% |
| Taxes, remuneration and social security | 45 | - | €41 | +€41 | |
| Taxes | 450/3 | - | €41 | +€41 | |
| Other amounts payable | 47/48 | €19,990 | €21,359 | +€1,369 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €270 | +€94 | +53.8% |
| Other operating charges | 640/8 | - | €49 | +€49 | |
| Gross operating margin | 9900 | -€16,484 | -€649 | +€15,835 | +96.1% |
| Operating profit (loss) | 9901 | -€16,660 | -€968 | +€15,692 | +94.2% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,800 | -€1,108 | +€15,692 | +93.4% |
| Income taxes | 67/77 | €40 | - | -€40 | |
| Profit (loss) for the period | 9904 | -€16,840 | -€1,108 | +€15,732 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,840 | -€1,108 | +€15,732 | +93.4% |
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 14 October 2026 via checked.be.