TDT: what changed
Two fiscal 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.
TDT
Largest movements
- Cash +€85,816
up €85,816 (+85.3%), from €100,643 to €186,459
mainly Other debts (+€109,742) and Receivables within one year (+€60,555)
- Receivables within one year -€60,555
down €60,555 (-69.6%), from €86,983 to €26,428
of which Trade receivables: -€67,280
- Tangible fixed assets -€16,017
down €16,017 (-29.6%), from €54,147 to €38,130
of which Furniture and vehicles: -€14,620
- Other debts +€109,742
up €109,742 (+2834.8%), from €3,871 to €113,613
- Reserves -€88,926
down €88,926 (-33.7%), from €264,134 to €175,208
- Debts after one year -€10,246
down €10,246 (-47.3%), from €21,666 to €11,420
- Profit (loss) carried forward -€5,304
new in 2025: -€5,304
- Gross operating margin -€22,208
down €22,208 (-66.4%), from €33,440 to €11,232
- Taxes -€5,010
down €5,010 (-95.8%), from €5,232 to €222
- Financial income +€638
up €638 (+22.6%), from €2,818 to €3,456
- Depreciation +€602
up €602 (+3.7%), from €16,372 to €16,974
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.
Cash bridge derived
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 | €323,236 | €331,940 | +€8,704 | +2.7% |
| Fixed assets | 21/28 | €60,176 | €44,159 | -€16,017 | -26.6% |
| Tangible fixed assets | 22/27 | €54,147 | €38,130 | -€16,017 | -29.6% |
| Land and buildings | 22 | €4,744 | €3,695 | -€1,050 | -22.1% |
| Plant, machinery and equipment | 23 | €2,626 | €2,279 | -€347 | -13.2% |
| Furniture and vehicles | 24 | €46,777 | €32,157 | -€14,620 | -31.3% |
| Financial fixed assets | 28 | €6,029 | €6,029 | = | 0.0% |
| Current assets | 29/58 | €263,060 | €287,781 | +€24,722 | +9.4% |
| Amounts receivable within one year | 40/41 | €86,983 | €26,428 | -€60,555 | -69.6% |
| Trade receivables | 40 | €67,280 | - | -€67,280 | |
| Other amounts receivable | 41 | €19,703 | €26,428 | +€6,725 | +34.1% |
| Current investments | 50/53 | €74,745 | €74,745 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,643 | €186,459 | +€85,816 | +85.3% |
| Deferred charges and accrued income | 490/1 | €688 | €149 | -€539 | -78.3% |
| Total equity and liabilities | 10/49 | €323,236 | €331,940 | +€8,704 | +2.7% |
| Equity | 10/15 | €282,726 | €188,497 | -€94,230 | -33.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €264,134 | €175,208 | -€88,926 | -33.7% |
| Distributable reserves | 133 | €264,134 | €175,208 | -€88,926 | -33.7% |
| Profit (loss) carried forward | 14 | - | -€5,304 | -€5,304 | |
| Amounts payable | 17/49 | €40,510 | €143,444 | +€102,934 | +254.1% |
| Amounts payable after more than one year | 17 | €21,666 | €11,420 | -€10,246 | -47.3% |
| Financial debts | 170/4 | €21,666 | €11,420 | -€10,246 | -47.3% |
| Amounts payable within one year | 42/48 | €18,843 | €132,023 | +€113,180 | +600.6% |
| Current portion of amounts payable after more than one year | 42 | €9,970 | €10,246 | +€276 | +2.8% |
| Trade debts | 44 | €532 | €3,694 | +€3,162 | +594.0% |
| Suppliers | 440/4 | €532 | €3,694 | +€3,162 | +594.0% |
| Taxes, remuneration and social security | 45 | €4,470 | €4,470 | = | 0.0% |
| Taxes | 450/3 | €4,470 | €4,470 | = | 0.0% |
| Other amounts payable | 47/48 | €3,871 | €113,613 | +€109,742 | +2834.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,372 | €16,974 | +€602 | +3.7% |
| Other operating charges | 640/8 | €1,352 | €1,394 | +€42 | +3.1% |
| Gross operating margin | 9900 | €33,440 | €11,232 | -€22,208 | -66.4% |
| Operating profit (loss) | 9901 | €15,716 | -€7,136 | -€22,852 | |
| Financial income | 75/76B | €2,818 | €3,456 | +€638 | +22.6% |
| Recurring financial income | 75 | €2,818 | €3,456 | +€638 | +22.6% |
| Financial charges | 65/66B | €1,468 | €1,401 | -€67 | -4.6% |
| Recurring financial charges | 65 | €1,468 | €1,401 | -€67 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €17,066 | -€5,082 | -€22,147 | |
| Income taxes | 67/77 | €5,232 | €222 | -€5,010 | -95.8% |
| Profit (loss) for the period | 9904 | €11,834 | -€5,304 | -€17,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,834 | -€5,304 | -€17,138 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.