TDR Finance: 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 Finance
Largest movements
- Cash +€84,637
up €84,637 (+47.5%), from €178,193 to €262,831
mainly Net result for the year (+€85,858) and Tax, wage and social debts (+€6,604)
- Receivables within one year +€3,788
up €3,788 (+30.2%), from €12,534 to €16,322
of which Trade receivables: +€4,302
- Reserves +€85,858
up €85,858 (+99.3%), from €86,424 to €172,282
- Tax, wage and social debts +€6,604
up €6,604 (+19.4%), from €34,052 to €40,656
- Other debts -€5,406
down €5,406 (-67.7%), from €7,991 to €2,585
- Gross operating margin -€2,043
down €2,043 (-1.8%), from €113,548 to €111,505
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 | €195,961 | €283,409 | +€87,449 | +44.6% |
| Fixed assets | 21/28 | €5,234 | €4,257 | -€977 | -18.7% |
| Tangible fixed assets | 22/27 | €5,234 | €4,257 | -€977 | -18.7% |
| Land and buildings | 22 | €3,569 | €3,201 | -€368 | -10.3% |
| Furniture and vehicles | 24 | €1,665 | €1,056 | -€609 | -36.6% |
| Current assets | 29/58 | €190,727 | €279,153 | +€88,426 | +46.4% |
| Amounts receivable within one year | 40/41 | €12,534 | €16,322 | +€3,788 | +30.2% |
| Trade receivables | 40 | €12,020 | €16,322 | +€4,302 | +35.8% |
| Other amounts receivable | 41 | €514 | - | -€514 | |
| Cash at bank and in hand | 54/58 | €178,193 | €262,831 | +€84,637 | +47.5% |
| Total equity and liabilities | 10/49 | €195,961 | €283,409 | +€87,449 | +44.6% |
| Equity | 10/15 | €153,047 | €238,905 | +€85,858 | +56.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,424 | €172,282 | +€85,858 | +99.3% |
| Distributable reserves | 133 | €86,424 | €172,282 | +€85,858 | +99.3% |
| Profit (loss) carried forward | 14 | €61,623 | €61,623 | = | 0.0% |
| Amounts payable | 17/49 | €42,914 | €44,504 | +€1,590 | +3.7% |
| Amounts payable within one year | 42/48 | €42,914 | €44,504 | +€1,590 | +3.7% |
| Trade debts | 44 | €871 | €1,263 | +€392 | +45.1% |
| Suppliers | 440/4 | €871 | €1,263 | +€392 | +45.1% |
| Taxes, remuneration and social security | 45 | €34,052 | €40,656 | +€6,604 | +19.4% |
| Taxes | 450/3 | €34,052 | €40,656 | +€6,604 | +19.4% |
| Other amounts payable | 47/48 | €7,991 | €2,585 | -€5,406 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €977 | -€234 | -19.3% |
| Other operating charges | 640/8 | €958 | €174 | -€783 | -81.8% |
| Gross operating margin | 9900 | €113,548 | €111,505 | -€2,043 | -1.8% |
| Operating profit (loss) | 9901 | €111,379 | €110,354 | -€1,026 | -0.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €697 | +€557 | +398% |
| Recurring financial charges | 65 | €140 | €697 | +€557 | +398% |
| Profit (loss) for the period before taxes | 9903 | €111,239 | €109,656 | -€1,583 | -1.4% |
| Income taxes | 67/77 | €24,816 | €23,798 | -€1,017 | -4.1% |
| Profit (loss) for the period | 9904 | €86,424 | €85,858 | -€566 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,424 | €85,858 | -€566 | -0.7% |
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 23 October 2026 via checked.be.