TDR MEDIA: 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 MEDIA
Largest movements
- Stocks and contracts +€167,787
up €167,787 (+357%), from €46,951 to €214,737
- Cash +€85,320
up €85,320 (+1,571%), from €5,432 to €90,753
mainly Other debts (+€348,784) and Depreciation (+€127,829)
- Receivables within one year -€55,529
down €55,529 (-64.3%), from €86,316 to €30,787
of which Trade receivables: -€33,243
- Tangible fixed assets -€48,921
down €48,921 (-19.2%), from €254,957 to €206,036
of which Furniture and vehicles: -€32,413
- Intangible fixed assets +€30,045
up €30,045 (+17.7%), from €169,636 to €199,681
- Other debts +€348,784
up €348,784 (+87.8%), from €397,087 to €745,872
- Profit (loss) carried forward -€244,559
down €244,559 (-68.7%), from -€356,056 to -€600,614
- Trade debts +€86,701
up €86,701 (+166%), from €52,304 to €139,006
- Gross operating margin -€14,497
down €14,497 (-15.4%), from -€93,857 to -€108,354
- Depreciation +€4,739
up €4,739 (+3.9%), from €123,090 to €127,829
- Other operating charges +€3,865
up €3,865 (+205%), from €1,883 to €5,748
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,353 | €744,628 | +€181,275 | +32.2% |
| Fixed assets | 21/28 | €424,593 | €405,717 | -€18,876 | -4.4% |
| Intangible fixed assets | 21 | €169,636 | €199,681 | +€30,045 | +17.7% |
| Tangible fixed assets | 22/27 | €254,957 | €206,036 | -€48,921 | -19.2% |
| Land and buildings | 22 | €140,086 | €113,683 | -€26,403 | -18.8% |
| Plant, machinery and equipment | 23 | €26,002 | €33,016 | +€7,014 | +27.0% |
| Furniture and vehicles | 24 | €79,883 | €47,470 | -€32,413 | -40.6% |
| Other tangible fixed assets | 26 | €8,986 | €11,867 | +€2,881 | +32.1% |
| Current assets | 29/58 | €138,760 | €338,911 | +€200,151 | +144% |
| Stocks and contracts in progress | 3 | €46,951 | €214,737 | +€167,787 | +357% |
| Stocks | 30/36 | €46,951 | €214,737 | +€167,787 | +357% |
| Amounts receivable within one year | 40/41 | €86,316 | €30,787 | -€55,529 | -64.3% |
| Trade receivables | 40 | €59,061 | €25,817 | -€33,243 | -56.3% |
| Other amounts receivable | 41 | €27,255 | €4,970 | -€22,285 | -81.8% |
| Cash at bank and in hand | 54/58 | €5,432 | €90,753 | +€85,320 | +1,571% |
| Deferred charges and accrued income | 490/1 | €61 | €2,634 | +€2,573 | +4,215% |
| Total equity and liabilities | 10/49 | €563,353 | €744,628 | +€181,275 | +32.2% |
| Equity | 10/15 | €99,149 | -€145,410 | -€244,559 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €442,805 | €442,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €5,425 | €5,425 | = | 0.0% |
| Distributable reserves | 133 | €435,519 | €437,379 | +€1,860 | +0.4% |
| Profit (loss) carried forward | 14 | -€356,056 | -€600,614 | -€244,559 | -68.7% |
| Amounts payable | 17/49 | €464,204 | €890,038 | +€425,834 | +91.7% |
| Amounts payable after more than one year | 17 | €4,243 | - | -€4,243 | |
| Financial debts | 170/4 | €4,243 | - | -€4,243 | |
| Amounts payable within one year | 42/48 | €459,961 | €889,991 | +€430,030 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | €10,110 | €4,243 | -€5,867 | -58.0% |
| Trade debts | 44 | €52,304 | €139,006 | +€86,701 | +166% |
| Suppliers | 440/4 | €52,304 | €139,006 | +€86,701 | +166% |
| Taxes, remuneration and social security | 45 | €460 | €871 | +€411 | +89.4% |
| Taxes | 450/3 | €460 | €871 | +€411 | +89.4% |
| Other amounts payable | 47/48 | €397,087 | €745,872 | +€348,784 | +87.8% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Non-recurring operating income | 76A | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,090 | €127,829 | +€4,739 | +3.9% |
| Other operating charges | 640/8 | €1,883 | €5,748 | +€3,865 | +205% |
| Non-recurring operating charges | 66A | - | €551 | +€551 | |
| Gross operating margin | 9900 | -€93,857 | -€108,354 | -€14,497 | -15.4% |
| Operating profit (loss) | 9901 | -€218,831 | -€242,482 | -€23,651 | -10.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.4% |
| Financial charges | 65/66B | €1,144 | €1,656 | +€512 | +44.8% |
| Recurring financial charges | 65 | €1,144 | €1,656 | +€512 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | -€219,974 | -€244,138 | -€24,163 | -11.0% |
| Income taxes | 67/77 | €354 | €421 | +€67 | +18.8% |
| Profit (loss) for the period | 9904 | -€220,328 | -€244,559 | -€24,230 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,328 | -€244,559 | -€24,230 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.