TDR Electro: 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.
TDR Electro
Largest movements
- Tangible fixed assets +€440,169
up €440,169 (+1,393%), from €31,591 to €471,761
of which Land and buildings: +€445,458
- Receivables within one year -€42,972
down €42,972 (-22.4%), from €192,224 to €149,252
of which Trade receivables: -€38,377
- Cash -€41,712
down €41,712 (-37.3%), from €111,710 to €69,999
mainly Investment in fixed assets (net) (-€478,413) and Trade debts (-€15,826)
- Debts after one year +€354,292
up €354,292 (+8,098%), from €4,375 to €358,667
- Current portion of long-term debt +€17,488
up €17,488 (+200%), from €8,750 to €26,238
- Trade debts -€15,826
down €15,826 (-31.8%), from €49,750 to €33,924
- Profit (loss) carried forward -€12,281
down €12,281 (-5.0%), from €247,203 to €234,922
- Depreciation +€25,044
up €25,044 (+190%), from €13,200 to €38,244
- Financial charges +€10,004
up €10,004 (+177%), from €5,644 to €15,648
- Taxes -€5,526
down €5,526 (-100%), from €5,526 to €0
- Financial income -€2,827
down €2,827 (-62.4%), from €4,531 to €1,704
- Gross operating margin +€2,397
up €2,397 (+5.9%), from €40,728 to €43,125
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 | €380,417 | €729,370 | +€348,953 | +91.7% |
| Fixed assets | 21/28 | €31,591 | €471,761 | +€440,169 | +1,393% |
| Tangible fixed assets | 22/27 | €31,591 | €471,761 | +€440,169 | +1,393% |
| Land and buildings | 22 | - | €445,458 | +€445,458 | |
| Plant, machinery and equipment | 23 | €2,959 | €7,552 | +€4,592 | +155% |
| Furniture and vehicles | 24 | €27,478 | €17,982 | -€9,496 | -34.6% |
| Other tangible fixed assets | 26 | €1,154 | €769 | -€385 | -33.3% |
| Current assets | 29/58 | €348,826 | €257,610 | -€91,216 | -26.1% |
| Stocks and contracts in progress | 3 | €39,003 | €34,299 | -€4,704 | -12.1% |
| Stocks | 30/36 | €39,003 | €34,299 | -€4,704 | -12.1% |
| Amounts receivable within one year | 40/41 | €192,224 | €149,252 | -€42,972 | -22.4% |
| Trade receivables | 40 | €168,494 | €130,118 | -€38,377 | -22.8% |
| Other amounts receivable | 41 | €23,729 | €19,134 | -€4,595 | -19.4% |
| Cash at bank and in hand | 54/58 | €111,710 | €69,999 | -€41,712 | -37.3% |
| Deferred charges and accrued income | 490/1 | €5,889 | €4,060 | -€1,829 | -31.1% |
| Total equity and liabilities | 10/49 | €380,417 | €729,370 | +€348,953 | +91.7% |
| Equity | 10/15 | €255,258 | €242,977 | -€12,281 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,203 | €234,922 | -€12,281 | -5.0% |
| Amounts payable | 17/49 | €125,159 | €486,394 | +€361,235 | +289% |
| Amounts payable after more than one year | 17 | €4,375 | €358,667 | +€354,292 | +8,098% |
| Financial debts | 170/4 | €4,375 | €358,667 | +€354,292 | +8,098% |
| Amounts payable within one year | 42/48 | €113,866 | €123,911 | +€10,045 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €26,238 | +€17,488 | +200% |
| Trade debts | 44 | €49,750 | €33,924 | -€15,826 | -31.8% |
| Suppliers | 440/4 | €49,750 | €33,924 | -€15,826 | -31.8% |
| Taxes, remuneration and social security | 45 | €1,740 | €3,480 | +€1,740 | +100% |
| Remuneration and social security | 454/9 | €1,740 | €3,480 | +€1,740 | +100% |
| Other amounts payable | 47/48 | €53,626 | €60,269 | +€6,643 | +12.4% |
| Accrued charges and deferred income | 492/3 | €6,918 | €3,816 | -€3,102 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,200 | €38,244 | +€25,044 | +190% |
| Other operating charges | 640/8 | €1,157 | €3,219 | +€2,061 | +178% |
| Gross operating margin | 9900 | €40,728 | €43,125 | +€2,397 | +5.9% |
| Operating profit (loss) | 9901 | €26,371 | €1,663 | -€24,709 | -93.7% |
| Financial income | 75/76B | €4,531 | €1,704 | -€2,827 | -62.4% |
| Recurring financial income | 75 | €4,531 | €1,704 | -€2,827 | -62.4% |
| Financial charges | 65/66B | €5,644 | €15,648 | +€10,004 | +177% |
| Recurring financial charges | 65 | €5,644 | €15,648 | +€10,004 | +177% |
| Profit (loss) for the period before taxes | 9903 | €25,259 | -€12,281 | -€37,540 | |
| Income taxes | 67/77 | €5,526 | €0 | -€5,526 | -100% |
| Profit (loss) for the period | 9904 | €19,732 | -€12,281 | -€32,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,732 | -€12,281 | -€32,013 |
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 13 October 2026 via checked.be.