TdO Consult: 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 Consult
Largest movements
- Cash -€58,130
down €58,130 (-67.3%), from €86,376 to €28,245
mainly Net result for the year (-€148,581) and Tax, wage and social debts (-€11,014)
- Tangible fixed assets -€16,330
down €16,330 (-54.6%), from €29,912 to €13,582
of which Furniture and vehicles: -€16,059
- Receivables within one year -€11,075
down €11,075 (-94.6%), from €11,707 to €632
of which Trade receivables: -€8,944
- Profit (loss) carried forward -€148,739
down €148,739 (-229%), from -€64,888 to -€213,627
- Other debts +€73,561
new in 2025: €73,561
- Tax, wage and social debts -€11,014
down €11,014 (-98.6%), from €11,170 to €156
- Financial charges +€45,309
up €45,309 (+148%), from €30,715 to €76,025
- Gross operating margin -€38,432
down €38,432 (-233%), from -€16,469 to -€54,900
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 | €129,561 | €43,858 | -€85,702 | -66.1% |
| Fixed assets | 21/28 | €29,912 | €13,582 | -€16,330 | -54.6% |
| Tangible fixed assets | 22/27 | €29,912 | €13,582 | -€16,330 | -54.6% |
| Plant, machinery and equipment | 23 | €1,934 | €1,664 | -€271 | -14.0% |
| Furniture and vehicles | 24 | €27,977 | €11,918 | -€16,059 | -57.4% |
| Current assets | 29/58 | €99,649 | €30,276 | -€69,373 | -69.6% |
| Amounts receivable within one year | 40/41 | €11,707 | €632 | -€11,075 | -94.6% |
| Trade receivables | 40 | €8,944 | - | -€8,944 | |
| Other amounts receivable | 41 | €2,763 | €632 | -€2,131 | -77.1% |
| Cash at bank and in hand | 54/58 | €86,376 | €28,245 | -€58,130 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,567 | €1,400 | -€167 | -10.7% |
| Total equity and liabilities | 10/49 | €129,561 | €43,858 | -€85,702 | -66.1% |
| Equity | 10/15 | €118,391 | -€30,348 | -€148,739 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €181,279 | €181,279 | = | 0.0% |
| Distributable reserves | 133 | €181,279 | €181,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,888 | -€213,627 | -€148,739 | -229% |
| Amounts payable | 17/49 | €11,170 | €74,206 | +€63,036 | +564% |
| Amounts payable within one year | 42/48 | €11,170 | €74,206 | +€63,036 | +564% |
| Trade debts | 44 | - | €489 | +€489 | |
| Suppliers | 440/4 | - | €489 | +€489 | |
| Taxes, remuneration and social security | 45 | €11,170 | €156 | -€11,014 | -98.6% |
| Taxes | 450/3 | €11,170 | €156 | -€11,014 | -98.6% |
| Other amounts payable | 47/48 | - | €73,561 | +€73,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,307 | €17,182 | -€125 | -0.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€16,469 | -€54,900 | -€38,432 | -233% |
| Operating profit (loss) | 9901 | -€34,163 | -€72,482 | -€38,319 | -112% |
| Financial charges | 65/66B | €30,715 | €76,025 | +€45,309 | +148% |
| Recurring financial charges | 65 | €30,715 | €76,025 | +€45,309 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€64,878 | -€148,506 | -€83,628 | -129% |
| Income taxes | 67/77 | €82 | €75 | -€7 | -8.5% |
| Profit (loss) for the period | 9904 | -€64,960 | -€148,581 | -€83,621 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,960 | -€148,581 | -€83,621 | -129% |
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 29 October 2026 via checked.be.