TDVCO: 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.
TDVCO
Largest movements
- Receivables within one year +€29,329
up €29,329 (+68.3%), from €42,946 to €72,275
of which Trade receivables: +€28,824
- Deferred charges and accrued income -€13,035
down €13,035 (-71.5%), from €18,228 to €5,193
- Cash -€8,694
down €8,694 (-11.7%), from €74,249 to €65,555
mainly Receivables within one year (-€29,329) and Tax, wage and social debts (-€11,350)
- Profit (loss) carried forward +€19,573
up €19,573 (+21.4%), from €91,599 to €111,172
- Tax, wage and social debts -€11,350
down €11,350 (-52.5%), from €21,619 to €10,270
- Gross operating margin -€58,138
down €58,138 (-69.9%), from €83,130 to €24,992
- Taxes -€11,588
down €11,588 (-69.6%), from €16,640 to €5,052
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 | €135,423 | €143,023 | +€7,600 | +5.6% |
| Current assets | 29/58 | €135,423 | €143,023 | +€7,600 | +5.6% |
| Amounts receivable within one year | 40/41 | €42,946 | €72,275 | +€29,329 | +68.3% |
| Trade receivables | 40 | €17,717 | €46,541 | +€28,824 | +162.7% |
| Other amounts receivable | 41 | €25,229 | €25,734 | +€505 | +2.0% |
| Cash at bank and in hand | 54/58 | €74,249 | €65,555 | -€8,694 | -11.7% |
| Deferred charges and accrued income | 490/1 | €18,228 | €5,193 | -€13,035 | -71.5% |
| Total equity and liabilities | 10/49 | €135,423 | €143,023 | +€7,600 | +5.6% |
| Equity | 10/15 | €111,599 | €131,172 | +€19,573 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,599 | €111,172 | +€19,573 | +21.4% |
| Amounts payable | 17/49 | €23,824 | €11,851 | -€11,973 | -50.3% |
| Amounts payable within one year | 42/48 | €23,824 | €11,851 | -€11,973 | -50.3% |
| Trade debts | 44 | €1,615 | €923 | -€692 | -42.8% |
| Suppliers | 440/4 | €1,615 | €923 | -€692 | -42.8% |
| Taxes, remuneration and social security | 45 | €21,619 | €10,270 | -€11,350 | -52.5% |
| Taxes | 450/3 | €21,619 | €10,270 | -€11,350 | -52.5% |
| Other amounts payable | 47/48 | €590 | €658 | +€68 | +11.5% |
| Other operating charges | 640/8 | €168 | €520 | +€352 | +209.4% |
| Gross operating margin | 9900 | €83,130 | €24,992 | -€58,138 | -69.9% |
| Operating profit (loss) | 9901 | €82,962 | €24,472 | -€58,490 | -70.5% |
| Financial income | 75/76B | €229 | €505 | +€275 | +120.2% |
| Recurring financial income | 75 | €229 | €505 | +€275 | +120.2% |
| Financial charges | 65/66B | €136 | €352 | +€216 | +158.5% |
| Recurring financial charges | 65 | €136 | €352 | +€216 | +158.5% |
| Profit (loss) for the period before taxes | 9903 | €83,055 | €24,625 | -€58,430 | -70.4% |
| Income taxes | 67/77 | €16,640 | €5,052 | -€11,588 | -69.6% |
| Profit (loss) for the period | 9904 | €66,415 | €19,573 | -€46,842 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,415 | €19,573 | -€46,842 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.