TDOCM: what changed
Two fiscal 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.
TDOCM
Largest movements
- Tangible fixed assets -€10,133
down €10,133 (-31.5%), from €32,183 to €22,051
of which Leasing and similar rights: -€7,822
- Receivables within one year +€9,977
up €9,977 (+4740.5%), from €210 to €10,187
of which Other amounts receivable: +€10,123
- Reserves +€142,206
up €142,206 (+63.8%), from €222,825 to €365,031
of which Tax-exempt reserves: +€84,200
- Other debts -€77,393
down €77,393 (-96.1%), from €80,532 to €3,139
- Debts after one year -€58,112
down €58,112 (-30.0%), from €193,811 to €135,699
- Gross operating margin +€11,980
up €11,980 (+8.9%), from €134,297 to €146,276
- Taxes +€2,283
up €2,283 (+8.0%), from €28,594 to €30,877
- Financial income -€1,728
down €1,728 (-3.3%), from €52,360 to €50,632
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 | €569,699 | €578,557 | +€8,858 | +1.6% |
| Fixed assets | 21/28 | €479,183 | €469,051 | -€10,133 | -2.1% |
| Tangible fixed assets | 22/27 | €32,183 | €22,051 | -€10,133 | -31.5% |
| Furniture and vehicles | 24 | €2,909 | €599 | -€2,311 | -79.4% |
| Leasing and similar rights | 25 | €29,274 | €21,452 | -€7,822 | -26.7% |
| Financial fixed assets | 28 | €447,000 | €447,000 | = | 0.0% |
| Current assets | 29/58 | €90,516 | €109,506 | +€18,990 | +21.0% |
| Amounts receivable within one year | 40/41 | €210 | €10,187 | +€9,977 | +4740.5% |
| Trade receivables | 40 | €210 | €64 | -€146 | -69.4% |
| Other amounts receivable | 41 | - | €10,123 | +€10,123 | |
| Cash at bank and in hand | 54/58 | €89,014 | €93,227 | +€4,213 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,292 | €6,092 | +€4,800 | +371.5% |
| Total equity and liabilities | 10/49 | €569,699 | €578,557 | +€8,858 | +1.6% |
| Equity | 10/15 | €227,825 | €370,031 | +€142,206 | +62.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,825 | €365,031 | +€142,206 | +63.8% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €222,825 | €280,831 | +€58,006 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €341,875 | €208,526 | -€133,349 | -39.0% |
| Amounts payable after more than one year | 17 | €193,811 | €135,699 | -€58,112 | -30.0% |
| Financial debts | 170/4 | €193,811 | €135,699 | -€58,112 | -30.0% |
| Amounts payable within one year | 42/48 | €148,063 | €72,827 | -€75,236 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €56,275 | €58,112 | +€1,837 | +3.3% |
| Trade debts | 44 | €448 | €125 | -€323 | -72.1% |
| Suppliers | 440/4 | €448 | €125 | -€323 | -72.1% |
| Taxes, remuneration and social security | 45 | €10,808 | €11,451 | +€642 | +5.9% |
| Taxes | 450/3 | €10,808 | €11,451 | +€642 | +5.9% |
| Other amounts payable | 47/48 | €80,532 | €3,139 | -€77,393 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,120 | €10,133 | +€13 | +0.1% |
| Other operating charges | 640/8 | €2,373 | €1,947 | -€426 | -17.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €134,297 | €146,276 | +€11,980 | +8.9% |
| Operating profit (loss) | 9901 | €121,804 | €134,196 | +€12,393 | +10.2% |
| Financial income | 75/76B | €52,360 | €50,632 | -€1,728 | -3.3% |
| Recurring financial income | 75 | €52,360 | €50,632 | -€1,728 | -3.3% |
| Financial charges | 65/66B | €11,462 | €11,745 | +€282 | +2.5% |
| Recurring financial charges | 65 | €11,462 | €11,745 | +€282 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €162,701 | €173,083 | +€10,382 | +6.4% |
| Income taxes | 67/77 | €28,594 | €30,877 | +€2,283 | +8.0% |
| Profit (loss) for the period | 9904 | €134,108 | €142,206 | +€8,099 | +6.0% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,108 | €58,006 | -€76,101 | -56.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.