TDP - Thierry Decarne Projects: 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 - Thierry Decarne Projects
Largest movements
- Receivables within one year +€17,568
up €17,568 (+183%), from €9,610 to €27,178
of which Other amounts receivable: +€15,949
- Tangible fixed assets -€5,332
down €5,332 (-23.5%), from €22,664 to €17,333
of which Furniture and vehicles: -€4,877
- Cash +€3,512
up €3,512, from €0 to €3,512
mainly Net result for the year (+€19,771) and Depreciation (+€5,332)
- Reserves +€13,827
new in 2026: €13,827
- Debts after one year -€6,691
down €6,691 (-40.2%), from €16,653 to €9,962
- Profit (loss) carried forward +€5,944
up €5,944, from -€5,944 to €0
- Other debts +€1,300
up €1,300 (+10.4%), from €12,549 to €13,850
- Trade debts +€1,260
up €1,260 (+55.7%), from €2,264 to €3,523
- Financial income +€24,598
up €24,598 (+3,178%), from €774 to €25,372
- Gross operating margin +€5,732
up €5,732, from -€2,500 to €3,232
- Depreciation +€2,248
up €2,248 (+72.9%), from €3,084 to €5,332
- Other operating charges +€1,635
up €1,635 (+817%), from €200 to €1,835
- Financial charges +€683
up €683 (+79.4%), from €860 to €1,543
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,147 | €48,976 | +€15,829 | +47.8% |
| Fixed assets | 21/28 | €22,764 | €17,433 | -€5,332 | -23.4% |
| Tangible fixed assets | 22/27 | €22,664 | €17,333 | -€5,332 | -23.5% |
| Plant, machinery and equipment | 23 | €1,234 | €779 | -€455 | -36.9% |
| Furniture and vehicles | 24 | €21,430 | €16,554 | -€4,877 | -22.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €10,383 | €31,543 | +€21,161 | +204% |
| Amounts receivable within one year | 40/41 | €9,610 | €27,178 | +€17,568 | +183% |
| Trade receivables | 40 | - | €1,619 | +€1,619 | |
| Other amounts receivable | 41 | €9,610 | €25,559 | +€15,949 | +166% |
| Cash at bank and in hand | 54/58 | €0 | €3,512 | +€3,512 | |
| Deferred charges and accrued income | 490/1 | €773 | €853 | +€81 | +10.4% |
| Total equity and liabilities | 10/49 | €33,147 | €48,976 | +€15,829 | +47.8% |
| Equity | 10/15 | -€4,944 | €14,827 | +€19,771 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €13,827 | +€13,827 | |
| Distributable reserves | 133 | - | €13,827 | +€13,827 | |
| Profit (loss) carried forward | 14 | -€5,944 | €0 | +€5,944 | |
| Amounts payable | 17/49 | €38,091 | €34,150 | -€3,942 | -10.3% |
| Amounts payable after more than one year | 17 | €16,653 | €9,962 | -€6,691 | -40.2% |
| Financial debts | 170/4 | €16,653 | €9,962 | -€6,691 | -40.2% |
| Amounts payable within one year | 42/48 | €21,438 | €24,187 | +€2,749 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,421 | €6,691 | +€270 | +4.2% |
| Financial debts | 43 | €131 | €0 | -€131 | -100% |
| Credit institutions | 430/8 | €131 | €0 | -€131 | -100% |
| Trade debts | 44 | €2,264 | €3,523 | +€1,260 | +55.7% |
| Suppliers | 440/4 | €2,264 | €3,523 | +€1,260 | +55.7% |
| Taxes, remuneration and social security | 45 | €74 | €124 | +€50 | +67.0% |
| Taxes | 450/3 | €74 | €124 | +€50 | +67.0% |
| Other amounts payable | 47/48 | €12,549 | €13,850 | +€1,300 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | €5,332 | +€2,248 | +72.9% |
| Other operating charges | 640/8 | €200 | €1,835 | +€1,635 | +817% |
| Gross operating margin | 9900 | -€2,500 | €3,232 | +€5,732 | |
| Operating profit (loss) | 9901 | -€5,784 | -€3,935 | +€1,849 | +32.0% |
| Financial income | 75/76B | €774 | €25,372 | +€24,598 | +3,178% |
| Recurring financial income | 75 | €774 | €25,372 | +€24,598 | +3,178% |
| Financial charges | 65/66B | €860 | €1,543 | +€683 | +79.4% |
| Recurring financial charges | 65 | €860 | €1,543 | +€683 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,870 | €19,894 | +€25,765 | |
| Income taxes | 67/77 | €74 | €124 | +€50 | +67.0% |
| Profit (loss) for the period | 9904 | -€5,944 | €19,771 | +€25,715 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,944 | €19,771 | +€25,715 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.