TDT PROJECTS: 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 PROJECTS
Largest movements
- Cash +€21,772
up €21,772 (+14.8%), from €146,747 to €168,519
mainly Net result for the year (+€41,703) and Depreciation (+€25,116)
- Tangible fixed assets -€19,939
down €19,939 (-37.3%), from €53,388 to €33,449
of which Leasing and similar rights: -€16,526
- Receivables within one year +€6,199
up €6,199 (+53.8%), from €11,522 to €17,722
- Profit (loss) carried forward +€41,703
up €41,703 (+35.1%), from €118,815 to €160,518
- Debts after one year -€17,009
down €17,009 (-49.4%), from €34,426 to €17,417
of which Financial debts: -€17,009
- Tax, wage and social debts -€16,987
down €16,987 (-45.7%), from €37,156 to €20,169
- Gross operating margin -€48,400
down €48,400 (-37.4%), from €129,394 to €80,994
- Taxes -€11,801
down €11,801 (-51.7%), from €22,840 to €11,039
- Depreciation +€8,547
up €8,547 (+51.6%), from €16,569 to €25,116
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 | €214,702 | €222,036 | +€7,334 | +3.4% |
| Fixed assets | 21/28 | €53,388 | €33,449 | -€19,939 | -37.3% |
| Tangible fixed assets | 22/27 | €53,388 | €33,449 | -€19,939 | -37.3% |
| Furniture and vehicles | 24 | €12,141 | €3,573 | -€8,567 | -70.6% |
| Leasing and similar rights | 25 | €41,248 | €24,721 | -€16,526 | -40.1% |
| Other tangible fixed assets | 26 | - | €5,155 | +€5,155 | |
| Current assets | 29/58 | €161,314 | €188,587 | +€27,273 | +16.9% |
| Stocks and contracts in progress | 3 | €500 | €1,183 | +€683 | +136.7% |
| Stocks | 30/36 | €500 | €1,183 | +€683 | +136.7% |
| Amounts receivable within one year | 40/41 | €11,522 | €17,722 | +€6,199 | +53.8% |
| Trade receivables | 40 | €11,522 | €17,722 | +€6,199 | +53.8% |
| Cash at bank and in hand | 54/58 | €146,747 | €168,519 | +€21,772 | +14.8% |
| Deferred charges and accrued income | 490/1 | €2,545 | €1,163 | -€1,382 | -54.3% |
| Total equity and liabilities | 10/49 | €214,702 | €222,036 | +€7,334 | +3.4% |
| Equity | 10/15 | €119,315 | €161,018 | +€41,703 | +35.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,815 | €160,518 | +€41,703 | +35.1% |
| Amounts payable | 17/49 | €95,387 | €61,018 | -€34,369 | -36.0% |
| Amounts payable after more than one year | 17 | €34,426 | €17,417 | -€17,009 | -49.4% |
| Financial debts | 170/4 | €24,926 | €7,917 | -€17,009 | -68.2% |
| Other amounts payable | 178/9 | €9,500 | €9,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,199 | €41,601 | -€16,598 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €16,298 | €17,009 | +€711 | +4.4% |
| Trade debts | 44 | €3,457 | €2,731 | -€726 | -21.0% |
| Suppliers | 440/4 | €3,457 | €2,731 | -€726 | -21.0% |
| Taxes, remuneration and social security | 45 | €37,156 | €20,169 | -€16,987 | -45.7% |
| Taxes | 450/3 | €37,156 | €20,169 | -€16,987 | -45.7% |
| Other amounts payable | 47/48 | €1,288 | €1,692 | +€404 | +31.4% |
| Accrued charges and deferred income | 492/3 | €2,762 | €2,000 | -€762 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,569 | €25,116 | +€8,547 | +51.6% |
| Other operating charges | 640/8 | €425 | €913 | +€489 | +115.2% |
| Gross operating margin | 9900 | €129,394 | €80,994 | -€48,400 | -37.4% |
| Operating profit (loss) | 9901 | €112,401 | €54,965 | -€57,436 | -51.1% |
| Financial income | 75/76B | €48 | €30 | -€18 | -37.8% |
| Recurring financial income | 75 | €48 | €30 | -€18 | -37.8% |
| Financial charges | 65/66B | €2,348 | €2,253 | -€95 | -4.0% |
| Recurring financial charges | 65 | €2,348 | €2,253 | -€95 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €110,101 | €52,742 | -€57,359 | -52.1% |
| Income taxes | 67/77 | €22,840 | €11,039 | -€11,801 | -51.7% |
| Profit (loss) for the period | 9904 | €87,261 | €41,703 | -€45,558 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,261 | €41,703 | -€45,558 | -52.2% |
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 3 October 2026 via checked.be.