TDV Vastgoed: 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 Vastgoed
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+266%), from €767,035 to €2.8m
- Cash -€1.0m
down €1.0m (-98.1%), from €1.0m to €19,382
mainly Stocks and contracts (-€2.0m) and Net result for the year (-€43,003)
- Short-term financial debts +€833,560
new in 2026: €833,560
- Trade debts +€130,145
up €130,145 (+31,948%), from €407 to €130,553
- Other debts +€105,263
up €105,263 (+7.1%), from €1.5m to €1.6m
- Profit (loss) carried forward -€43,003
down €43,003 (-138%), from -€31,085 to -€74,088
- Financial income -€32,210
down €32,210 (-100%), from €32,210 to €0
- Financial charges +€15,549
up €15,549 (+70.1%), from €22,193 to €37,742
- Gross operating margin -€1,276
down €1,276 (-46.2%), from -€2,760 to -€4,036
- Other operating charges +€42
up €42 (+3.6%), from €1,183 to €1,225
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,811,272 | €2,837,237 | +€1.0m | +56.6% |
| Current assets | 29/58 | €1,811,272 | €2,837,237 | +€1.0m | +56.6% |
| Stocks and contracts in progress | 3 | €767,035 | €2,811,054 | +€2.0m | +266% |
| Stocks | 30/36 | €767,035 | €2,811,054 | +€2.0m | +266% |
| Amounts receivable within one year | 40/41 | €13,839 | €6,800 | -€7,039 | -50.9% |
| Other amounts receivable | 41 | €13,839 | €6,800 | -€7,039 | -50.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,030,398 | €19,382 | -€1.0m | -98.1% |
| Total equity and liabilities | 10/49 | €1,811,272 | €2,837,237 | +€1.0m | +56.6% |
| Equity | 10/15 | €318,915 | €275,912 | -€43,003 | -13.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,085 | -€74,088 | -€43,003 | -138% |
| Amounts payable | 17/49 | €1,492,357 | €2,561,325 | +€1.1m | +71.6% |
| Amounts payable within one year | 42/48 | €1,492,357 | €2,561,325 | +€1.1m | +71.6% |
| Financial debts | 43 | - | €833,560 | +€833,560 | |
| Credit institutions | 430/8 | - | €833,560 | +€833,560 | |
| Trade debts | 44 | €407 | €130,553 | +€130,145 | +31,948% |
| Suppliers | 440/4 | €407 | €130,553 | +€130,145 | +31,948% |
| Other amounts payable | 47/48 | €1,491,949 | €1,597,213 | +€105,263 | +7.1% |
| Other operating charges | 640/8 | €1,183 | €1,225 | +€42 | +3.6% |
| Gross operating margin | 9900 | -€2,760 | -€4,036 | -€1,276 | -46.2% |
| Operating profit (loss) | 9901 | -€3,943 | -€5,262 | -€1,318 | -33.4% |
| Financial income | 75/76B | €32,210 | €0 | -€32,210 | -100% |
| Recurring financial income | 75 | €32,210 | €0 | -€32,210 | -100% |
| Financial charges | 65/66B | €22,193 | €37,742 | +€15,549 | +70.1% |
| Recurring financial charges | 65 | €22,193 | €37,742 | +€15,549 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €6,074 | -€43,003 | -€49,077 | |
| Profit (loss) for the period | 9904 | €6,074 | -€43,003 | -€49,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,074 | -€43,003 | -€49,077 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.