TDP TECHNICS: 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.
TDP TECHNICS
Largest movements
- Receivables within one year +€24,278
up €24,278 (+159%), from €15,312 to €39,590
of which Trade receivables: +€25,794
- Cash -€12,240
down €12,240 (-29.8%), from €41,097 to €28,858
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€24,278)
- Tangible fixed assets -€4,301
down €4,301 (-22.9%), from €18,767 to €14,466
of which Furniture and vehicles: -€2,667
- Stocks and contracts +€3,271
up €3,271 (+92.2%), from €3,546 to €6,817
- Other debts +€32,952
up €32,952 (+657%), from €5,018 to €37,970
- Reserves -€30,282
down €30,282 (-48.9%), from €61,876 to €31,594
- Trade debts +€10,482
up €10,482 (+205%), from €5,118 to €15,600
- Short-term financial debts -€3,033
down €3,033 (-100%), from €3,033 to €0
- Gross operating margin -€16,492
down €16,492 (-65.5%), from €25,164 to €8,672
- Taxes -€3,097
down €3,097 (-88.8%), from €3,488 to €391
- Financial charges -€307
down €307 (-29.5%), from €1,041 to €734
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 | €80,393 | €90,677 | +€10,284 | +12.8% |
| Fixed assets | 21/28 | €18,767 | €14,466 | -€4,301 | -22.9% |
| Tangible fixed assets | 22/27 | €18,767 | €14,466 | -€4,301 | -22.9% |
| Plant, machinery and equipment | 23 | €3,387 | €2,425 | -€962 | -28.4% |
| Furniture and vehicles | 24 | €8,876 | €6,210 | -€2,667 | -30.0% |
| Other tangible fixed assets | 26 | €6,504 | €5,831 | -€672 | -10.3% |
| Current assets | 29/58 | €61,627 | €76,211 | +€14,585 | +23.7% |
| Stocks and contracts in progress | 3 | €3,546 | €6,817 | +€3,271 | +92.2% |
| Stocks | 30/36 | €3,546 | €6,817 | +€3,271 | +92.2% |
| Amounts receivable within one year | 40/41 | €15,312 | €39,590 | +€24,278 | +159% |
| Trade receivables | 40 | €9,561 | €35,356 | +€25,794 | +270% |
| Other amounts receivable | 41 | €5,750 | €4,234 | -€1,516 | -26.4% |
| Cash at bank and in hand | 54/58 | €41,097 | €28,858 | -€12,240 | -29.8% |
| Deferred charges and accrued income | 490/1 | €1,672 | €947 | -€725 | -43.3% |
| Total equity and liabilities | 10/49 | €80,393 | €90,677 | +€10,284 | +12.8% |
| Equity | 10/15 | €64,376 | €34,094 | -€30,282 | -47.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,876 | €31,594 | -€30,282 | -48.9% |
| Distributable reserves | 133 | €61,876 | €31,594 | -€30,282 | -48.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,017 | €56,583 | +€40,566 | +253% |
| Amounts payable within one year | 42/48 | €15,289 | €56,311 | +€41,021 | +268% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,033 | €0 | -€3,033 | -100% |
| Credit institutions | 430/8 | €3,033 | €0 | -€3,033 | -100% |
| Trade debts | 44 | €5,118 | €15,600 | +€10,482 | +205% |
| Suppliers | 440/4 | €5,118 | €15,600 | +€10,482 | +205% |
| Taxes, remuneration and social security | 45 | €2,121 | €2,741 | +€620 | +29.2% |
| Taxes | 450/3 | €2,121 | €2,741 | +€620 | +29.2% |
| Other amounts payable | 47/48 | €5,018 | €37,970 | +€32,952 | +657% |
| Accrued charges and deferred income | 492/3 | €728 | €272 | -€456 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,203 | €7,308 | +€105 | +1.5% |
| Other operating charges | 640/8 | €1,092 | €1,107 | +€16 | +1.4% |
| Gross operating margin | 9900 | €25,164 | €8,672 | -€16,492 | -65.5% |
| Operating profit (loss) | 9901 | €16,870 | €258 | -€16,612 | -98.5% |
| Financial income | 75/76B | €731 | €585 | -€146 | -20.0% |
| Recurring financial income | 75 | €731 | €585 | -€146 | -20.0% |
| Financial charges | 65/66B | €1,041 | €734 | -€307 | -29.5% |
| Recurring financial charges | 65 | €1,041 | €734 | -€307 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €16,560 | €109 | -€16,452 | -99.3% |
| Income taxes | 67/77 | €3,488 | €391 | -€3,097 | -88.8% |
| Profit (loss) for the period | 9904 | €13,072 | -€282 | -€13,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,072 | -€282 | -€13,354 |
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 28 October 2026 via checked.be.