TDV Construct & Consulting: 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.
TDV Construct & Consulting
Largest movements
- Stocks and contracts +€103,748
up €103,748 (+228%), from €45,526 to €149,275
- Tangible fixed assets -€20,192
down €20,192 (-17.4%), from €116,344 to €96,152
of which Furniture and vehicles: -€17,034
- Receivables within one year -€5,931
down €5,931 (-2.4%), from €248,775 to €242,844
of which Trade receivables: -€72,285
- Reserves +€95,707
up €95,707 (+25.7%), from €371,873 to €467,580
of which Distributable reserves: +€96,207
- Debts after one year -€12,328
no longer reported in 2025 (was €12,328)
- Tax, wage and social debts +€7,421
up €7,421 (+35.7%), from €20,810 to €28,231
- Trade debts -€7,366
down €7,366 (-38.0%), from €19,407 to €12,041
- Taxes +€3,583
up €3,583 (+11.7%), from €30,515 to €34,098
- Financial income +€2,527
up €2,527 (+37.9%), from €6,666 to €9,193
- Gross operating margin +€2,343
up €2,343 (+1.6%), from €145,337 to €147,680
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 | €476,047 | €555,380 | +€79,333 | +16.7% |
| Fixed assets | 21/28 | €141,344 | €121,152 | -€20,192 | -14.3% |
| Tangible fixed assets | 22/27 | €116,344 | €96,152 | -€20,192 | -17.4% |
| Land and buildings | 22 | €52,000 | €52,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,953 | €4,865 | -€2,088 | -30.0% |
| Furniture and vehicles | 24 | €41,746 | €24,712 | -€17,034 | -40.8% |
| Other tangible fixed assets | 26 | €15,645 | €14,575 | -€1,070 | -6.8% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €334,703 | €434,228 | +€99,525 | +29.7% |
| Stocks and contracts in progress | 3 | €45,526 | €149,275 | +€103,748 | +228% |
| Stocks | 30/36 | €45,526 | €149,275 | +€103,748 | +228% |
| Amounts receivable within one year | 40/41 | €248,775 | €242,844 | -€5,931 | -2.4% |
| Trade receivables | 40 | €72,285 | - | -€72,285 | |
| Other amounts receivable | 41 | €176,490 | €242,844 | +€66,354 | +37.6% |
| Cash at bank and in hand | 54/58 | €38,548 | €36,606 | -€1,942 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,854 | €5,504 | +€3,650 | +197% |
| Total equity and liabilities | 10/49 | €476,047 | €555,380 | +€79,333 | +16.7% |
| Equity | 10/15 | €384,273 | €479,980 | +€95,707 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €371,873 | €467,580 | +€95,707 | +25.7% |
| Non-distributable reserves | 130/1 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | €500 | - | -€500 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €352,623 | €448,830 | +€96,207 | +27.3% |
| Amounts payable | 17/49 | €91,774 | €75,400 | -€16,374 | -17.8% |
| Amounts payable after more than one year | 17 | €12,328 | - | -€12,328 | |
| Financial debts | 170/4 | €12,328 | - | -€12,328 | |
| Amounts payable within one year | 42/48 | €78,832 | €73,400 | -€5,432 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €37,815 | €32,328 | -€5,487 | -14.5% |
| Trade debts | 44 | €19,407 | €12,041 | -€7,366 | -38.0% |
| Suppliers | 440/4 | €19,407 | €12,041 | -€7,366 | -38.0% |
| Taxes, remuneration and social security | 45 | €20,810 | €28,231 | +€7,421 | +35.7% |
| Taxes | 450/3 | €20,810 | €28,231 | +€7,421 | +35.7% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €614 | €2,000 | +€1,386 | +226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,951 | €22,877 | -€1,074 | -4.5% |
| Other operating charges | 640/8 | €2,367 | €2,365 | -€3 | -0.1% |
| Gross operating margin | 9900 | €145,337 | €147,680 | +€2,343 | +1.6% |
| Operating profit (loss) | 9901 | €119,019 | €122,439 | +€3,420 | +2.9% |
| Financial income | 75/76B | €6,666 | €9,193 | +€2,527 | +37.9% |
| Recurring financial income | 75 | €6,666 | €9,193 | +€2,527 | +37.9% |
| Financial charges | 65/66B | €1,196 | €1,027 | -€169 | -14.1% |
| Recurring financial charges | 65 | €1,196 | €1,027 | -€169 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €124,488 | €130,605 | +€6,116 | +4.9% |
| Income taxes | 67/77 | €30,515 | €34,098 | +€3,583 | +11.7% |
| Profit (loss) for the period | 9904 | €93,973 | €96,507 | +€2,534 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,973 | €96,507 | +€2,534 | +2.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.