TDS ENGINEERING: 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.
TDS ENGINEERING
Largest movements
- Cash +€44,035
up €44,035 (+83.0%), from €53,068 to €97,103
mainly Net result for the year (+€24,378) and Current investments (+€11,765)
- Current investments -€11,765
down €11,765 (-94.0%), from €12,515 to €750
- Receivables within one year +€2,927
up €2,927 (+11.3%), from €25,913 to €28,840
of which Trade receivables: +€3,664
- Reserves +€25,000
up €25,000 (+35.7%), from €70,000 to €95,000
- Tax, wage and social debts +€8,177
up €8,177 (+209%), from €3,910 to €12,087
of which Taxes: +€7,751
- Trade debts +€4,019
up €4,019 (+50.9%), from €7,888 to €11,907
- Gross operating margin -€24,481
down €24,481 (-41.7%), from €58,641 to €34,160
- Taxes -€5,569
down €5,569 (-42.0%), from €13,247 to €7,678
- Financial income +€973
up €973 (+745%), from €131 to €1,103
- Financial charges +€807
up €807 (+49.4%), from €1,633 to €2,440
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 | €93,820 | €129,871 | +€36,051 | +38.4% |
| Fixed assets | 21/28 | €1,575 | €1,548 | -€27 | -1.7% |
| Tangible fixed assets | 22/27 | €1,224 | €1,197 | -€27 | -2.2% |
| Furniture and vehicles | 24 | €1,224 | €1,197 | -€27 | -2.2% |
| Financial fixed assets | 28 | €351 | €351 | = | 0.0% |
| Current assets | 29/58 | €92,245 | €128,323 | +€36,078 | +39.1% |
| Amounts receivable within one year | 40/41 | €25,913 | €28,840 | +€2,927 | +11.3% |
| Trade receivables | 40 | €19,481 | €23,145 | +€3,664 | +18.8% |
| Other amounts receivable | 41 | €6,432 | €5,695 | -€737 | -11.5% |
| Current investments | 50/53 | €12,515 | €750 | -€11,765 | -94.0% |
| Cash at bank and in hand | 54/58 | €53,068 | €97,103 | +€44,035 | +83.0% |
| Deferred charges and accrued income | 490/1 | €749 | €1,629 | +€881 | +118% |
| Total equity and liabilities | 10/49 | €93,820 | €129,871 | +€36,051 | +38.4% |
| Equity | 10/15 | €79,384 | €103,762 | +€24,378 | +30.7% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €70,000 | €95,000 | +€25,000 | +35.7% |
| Distributable reserves | 133 | €70,000 | €95,000 | +€25,000 | +35.7% |
| Profit (loss) carried forward | 14 | €784 | €162 | -€622 | -79.3% |
| Amounts payable | 17/49 | €14,436 | €26,109 | +€11,673 | +80.9% |
| Amounts payable within one year | 42/48 | €14,436 | €26,109 | +€11,673 | +80.9% |
| Trade debts | 44 | €7,888 | €11,907 | +€4,019 | +50.9% |
| Suppliers | 440/4 | €7,888 | €11,907 | +€4,019 | +50.9% |
| Taxes, remuneration and social security | 45 | €3,910 | €12,087 | +€8,177 | +209% |
| Taxes | 450/3 | €3,910 | €11,661 | +€7,751 | +198% |
| Remuneration and social security | 454/9 | - | €426 | +€426 | |
| Other amounts payable | 47/48 | €2,637 | €2,115 | -€522 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225 | €722 | +€497 | +221% |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €58,641 | €34,160 | -€24,481 | -41.7% |
| Operating profit (loss) | 9901 | €58,416 | €33,392 | -€25,024 | -42.8% |
| Financial income | 75/76B | €131 | €1,103 | +€973 | +745% |
| Recurring financial income | 75 | €131 | €1,103 | +€973 | +745% |
| Financial charges | 65/66B | €1,633 | €2,440 | +€807 | +49.4% |
| Recurring financial charges | 65 | €1,633 | €2,440 | +€807 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €56,914 | €32,056 | -€24,858 | -43.7% |
| Income taxes | 67/77 | €13,247 | €7,678 | -€5,569 | -42.0% |
| Profit (loss) for the period | 9904 | €43,667 | €24,378 | -€19,289 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,667 | €24,378 | -€19,289 | -44.2% |
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 19 October 2026 via checked.be.