TDV SERVICES: 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.
TDV SERVICES
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€109,204
down €109,204 (-76.3%), from €143,034 to €33,830
mainly Current investments (-€200,000) and Deferred charges and accrued income (-€23,280)
- Deferred charges and accrued income +€23,280
up €23,280 (+1827.9%), from €1,274 to €24,553
- Receivables within one year -€15,903
down €15,903 (-43.5%), from €36,546 to €20,643
- Tangible fixed assets -€13,927
down €13,927 (-17.1%), from €81,379 to €67,452
of which Leasing and similar rights: -€14,680
- Reserves +€94,547
up €94,547 (+70.3%), from €134,453 to €229,000
- Debts after one year -€18,145
down €18,145 (-34.3%), from €52,949 to €34,804
- Tax, wage and social debts +€11,111
up €11,111 (+23.8%), from €46,691 to €57,802
- Gross operating margin +€34,846
up €34,846 (+32.5%), from €107,061 to €141,907
- Depreciation +€12,794
up €12,794 (+376.8%), from €3,395 to €16,189
- Taxes +€3,267
up €3,267 (+14.6%), from €22,357 to €25,623
- Other operating charges +€1,521
up €1,521 (+168.4%), from €903 to €2,425
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 | €262,232 | €346,478 | +€84,246 | +32.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €81,379 | €67,452 | -€13,927 | -17.1% |
| Tangible fixed assets | 22/27 | €81,379 | €67,452 | -€13,927 | -17.1% |
| Furniture and vehicles | 24 | €1,244 | €2,630 | +€1,386 | +111.4% |
| Leasing and similar rights | 25 | €72,000 | €57,320 | -€14,680 | -20.4% |
| Other tangible fixed assets | 26 | €8,135 | €7,502 | -€632 | -7.8% |
| Current assets | 29/58 | €180,853 | €279,026 | +€98,173 | +54.3% |
| Amounts receivable within one year | 40/41 | €36,546 | €20,643 | -€15,903 | -43.5% |
| Trade receivables | 40 | €36,546 | €20,643 | -€15,903 | -43.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €143,034 | €33,830 | -€109,204 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,274 | €24,553 | +€23,280 | +1827.9% |
| Total equity and liabilities | 10/49 | €262,232 | €346,478 | +€84,246 | +32.1% |
| Equity | 10/15 | €137,453 | €232,913 | +€95,460 | +69.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €134,453 | €229,000 | +€94,547 | +70.3% |
| Distributable reserves | 133 | €134,453 | €229,000 | +€94,547 | +70.3% |
| Profit (loss) carried forward | 14 | - | €913 | +€913 | |
| Amounts payable | 17/49 | €124,779 | €113,564 | -€11,215 | -9.0% |
| Amounts payable after more than one year | 17 | €52,949 | €34,804 | -€18,145 | -34.3% |
| Financial debts | 170/4 | €52,949 | €34,804 | -€18,145 | -34.3% |
| Amounts payable within one year | 42/48 | €69,330 | €78,761 | +€9,431 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €17,577 | €18,145 | +€568 | +3.2% |
| Trade debts | 44 | €4,373 | €2,571 | -€1,802 | -41.2% |
| Suppliers | 440/4 | €4,373 | €2,571 | -€1,802 | -41.2% |
| Taxes, remuneration and social security | 45 | €46,691 | €57,802 | +€11,111 | +23.8% |
| Taxes | 450/3 | €46,691 | €57,802 | +€11,111 | +23.8% |
| Other amounts payable | 47/48 | €689 | €242 | -€446 | -64.8% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,395 | €16,189 | +€12,794 | +376.8% |
| Other operating charges | 640/8 | €903 | €2,425 | +€1,521 | +168.4% |
| Non-recurring operating charges | 66A | - | €1,244 | +€1,244 | |
| Gross operating margin | 9900 | €107,061 | €141,907 | +€34,846 | +32.5% |
| Operating profit (loss) | 9901 | €102,762 | €122,049 | +€19,287 | +18.8% |
| Financial income | 75/76B | €705 | €2,078 | +€1,373 | +194.9% |
| Recurring financial income | 75 | €705 | €2,078 | +€1,373 | +194.9% |
| Financial charges | 65/66B | €1,519 | €2,214 | +€694 | +45.7% |
| Recurring financial charges | 65 | €1,519 | €2,214 | +€694 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €101,947 | €121,913 | +€19,966 | +19.6% |
| Income taxes | 67/77 | €22,357 | €25,623 | +€3,267 | +14.6% |
| Profit (loss) for the period | 9904 | €79,591 | €96,290 | +€16,700 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,591 | €96,290 | +€16,700 | +21.0% |
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 1 October 2026 via checked.be.