TDO Advices: 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.
TDO Advices
Largest movements
- Cash -€36,235
down €36,235 (-70.0%), from €51,765 to €15,530
mainly Debts after one year (-€35,637) and Trade debts (-€30,582)
- Receivables within one year +€27,985
up €27,985 (+188.1%), from €14,875 to €42,860
- Profit (loss) carried forward +€46,507
up €46,507 (+36.0%), from €129,069 to €175,577
- Debts after one year -€35,637
down €35,637 (-23.6%), from €150,977 to €115,340
- Trade debts -€30,582
down €30,582 (-93.7%), from €32,647 to €2,066
- Tax, wage and social debts +€12,726
up €12,726 (+37.5%), from €33,976 to €46,702
- Gross operating margin +€16,171
up €16,171 (+26.0%), from €62,264 to €78,435
- Taxes +€4,453
up €4,453 (+29.2%), from €15,242 to €19,695
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 | €693,989 | €686,022 | -€7,967 | -1.1% |
| Fixed assets | 21/28 | €625,000 | €625,000 | = | 0.0% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €68,989 | €61,022 | -€7,967 | -11.5% |
| Amounts receivable within one year | 40/41 | €14,875 | €42,860 | +€27,985 | +188.1% |
| Trade receivables | 40 | €14,875 | €42,860 | +€27,985 | +188.1% |
| Cash at bank and in hand | 54/58 | €51,765 | €15,530 | -€36,235 | -70.0% |
| Deferred charges and accrued income | 490/1 | €2,348 | €2,632 | +€284 | +12.1% |
| Total equity and liabilities | 10/49 | €693,989 | €686,022 | -€7,967 | -1.1% |
| Equity | 10/15 | €130,569 | €177,077 | +€46,507 | +35.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,069 | €175,577 | +€46,507 | +36.0% |
| Amounts payable | 17/49 | €563,419 | €508,945 | -€54,474 | -9.7% |
| Amounts payable after more than one year | 17 | €150,977 | €115,340 | -€35,637 | -23.6% |
| Financial debts | 170/4 | €150,977 | €115,340 | -€35,637 | -23.6% |
| Amounts payable within one year | 42/48 | €412,442 | €393,605 | -€18,837 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €35,452 | €38,539 | +€3,087 | +8.7% |
| Trade debts | 44 | €32,647 | €2,066 | -€30,582 | -93.7% |
| Suppliers | 440/4 | €32,647 | €2,066 | -€30,582 | -93.7% |
| Taxes, remuneration and social security | 45 | €33,976 | €46,702 | +€12,726 | +37.5% |
| Taxes | 450/3 | €33,976 | €46,702 | +€12,726 | +37.5% |
| Other amounts payable | 47/48 | €310,366 | €306,298 | -€4,069 | -1.3% |
| Other operating charges | 640/8 | €842 | €1,517 | +€675 | +80.2% |
| Gross operating margin | 9900 | €62,264 | €78,435 | +€16,171 | +26.0% |
| Operating profit (loss) | 9901 | €61,422 | €76,918 | +€15,495 | +25.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,562 | €10,715 | +€153 | +1.4% |
| Recurring financial charges | 65 | €10,562 | €10,715 | +€153 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €50,860 | €66,202 | +€15,342 | +30.2% |
| Income taxes | 67/77 | €15,242 | €19,695 | +€4,453 | +29.2% |
| Profit (loss) for the period | 9904 | €35,618 | €46,507 | +€10,889 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,618 | €46,507 | +€10,889 | +30.6% |
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 11 October 2026 via checked.be.