TDS Service: 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 Service
Largest movements
- Stocks and contracts +€19,743
up €19,743 (+170%), from €11,604 to €31,347
- Tangible fixed assets -€9,440
down €9,440 (-17.8%), from €52,902 to €43,462
- Cash -€4,028
down €4,028 (-6.1%), from €66,092 to €62,064
mainly Other debts (-€25,633) and Stocks and contracts (-€19,743)
- Receivables within one year -€1,728
down €1,728 (-12.0%), from €14,354 to €12,626
of which Trade receivables: -€2,461
- Reserves +€37,771
up €37,771 (+202%), from €18,707 to €56,477
- Other debts -€25,633
down €25,633 (-23.7%), from €108,023 to €82,389
- Tax, wage and social debts -€10,955
down €10,955 (-83.9%), from €13,064 to €2,109
- Trade debts +€2,891
up €2,891 (+62.4%), from €4,632 to €7,524
- Gross operating margin +€34,732
up €34,732 (+107%), from €32,409 to €67,141
- Taxes +€10,603
up €10,603 (+151%), from €7,036 to €17,639
- Depreciation +€5,486
up €5,486 (+94.8%), from €5,785 to €11,271
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 | €145,426 | €149,499 | +€4,074 | +2.8% |
| Fixed assets | 21/28 | €52,902 | €43,462 | -€9,440 | -17.8% |
| Tangible fixed assets | 22/27 | €52,902 | €43,462 | -€9,440 | -17.8% |
| Furniture and vehicles | 24 | €52,902 | €43,462 | -€9,440 | -17.8% |
| Current assets | 29/58 | €92,524 | €106,037 | +€13,514 | +14.6% |
| Stocks and contracts in progress | 3 | €11,604 | €31,347 | +€19,743 | +170% |
| Stocks | 30/36 | €11,604 | €31,347 | +€19,743 | +170% |
| Amounts receivable within one year | 40/41 | €14,354 | €12,626 | -€1,728 | -12.0% |
| Trade receivables | 40 | €14,354 | €11,893 | -€2,461 | -17.1% |
| Other amounts receivable | 41 | - | €733 | +€733 | |
| Cash at bank and in hand | 54/58 | €66,092 | €62,064 | -€4,028 | -6.1% |
| Deferred charges and accrued income | 490/1 | €473 | - | -€473 | |
| Total equity and liabilities | 10/49 | €145,426 | €149,499 | +€4,074 | +2.8% |
| Equity | 10/15 | €19,707 | €57,477 | +€37,771 | +192% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,707 | €56,477 | +€37,771 | +202% |
| Distributable reserves | 133 | €18,707 | €56,477 | +€37,771 | +202% |
| Amounts payable | 17/49 | €125,719 | €92,022 | -€33,697 | -26.8% |
| Amounts payable within one year | 42/48 | €125,719 | €92,022 | -€33,697 | -26.8% |
| Trade debts | 44 | €4,632 | €7,524 | +€2,891 | +62.4% |
| Suppliers | 440/4 | €4,632 | €7,524 | +€2,891 | +62.4% |
| Taxes, remuneration and social security | 45 | €13,064 | €2,109 | -€10,955 | -83.9% |
| Taxes | 450/3 | €13,064 | €2,109 | -€10,955 | -83.9% |
| Other amounts payable | 47/48 | €108,023 | €82,389 | -€25,633 | -23.7% |
| Non-recurring operating income | 76A | - | €43,800 | +€43,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,785 | €11,271 | +€5,486 | +94.8% |
| Other operating charges | 640/8 | €781 | €496 | -€285 | -36.4% |
| Gross operating margin | 9900 | €32,409 | €67,141 | +€34,732 | +107% |
| Operating profit (loss) | 9901 | €25,843 | €55,374 | +€29,531 | +114% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €100 | €64 | -€36 | -36.0% |
| Recurring financial charges | 65 | €100 | €64 | -€36 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €25,743 | €55,410 | +€29,667 | +115% |
| Income taxes | 67/77 | €7,036 | €17,639 | +€10,603 | +151% |
| Profit (loss) for the period | 9904 | €18,707 | €37,771 | +€19,064 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €18,707 | €37,771 | +€19,064 | +102% |
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 25 October 2026 via checked.be.