TGDS: 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.
TGDS
Largest movements
- Tangible fixed assets -€19,999
down €19,999 (-5.7%), from €350,099 to €330,100
- Debts after one year -€20,000
down €20,000 (-6.7%), from €300,000 to €280,000
- Other debts -€4,922
down €4,922 (-66.1%), from €7,449 to €2,527
- Taxes +€735
new in 2025: €735
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 | €359,729 | €337,425 | -€22,304 | -6.2% |
| Fixed assets | 21/28 | €350,099 | €330,100 | -€19,999 | -5.7% |
| Tangible fixed assets | 22/27 | €350,099 | €330,100 | -€19,999 | -5.7% |
| Land and buildings | 22 | €350,099 | €330,100 | -€19,999 | -5.7% |
| Current assets | 29/58 | €9,630 | €7,326 | -€2,305 | -23.9% |
| Amounts receivable within one year | 40/41 | €7,300 | €7,300 | = | 0.0% |
| Other amounts receivable | 41 | €7,300 | €7,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,330 | €26 | -€2,305 | -98.9% |
| Total equity and liabilities | 10/49 | €359,729 | €337,425 | -€22,304 | -6.2% |
| Equity | 10/15 | €51,893 | €53,911 | +€2,018 | +3.9% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Legal reserve | 130 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,232 | -€120,214 | +€2,018 | +1.7% |
| Amounts payable | 17/49 | €307,836 | €283,514 | -€24,322 | -7.9% |
| Amounts payable after more than one year | 17 | €300,000 | €280,000 | -€20,000 | -6.7% |
| Financial debts | 170/4 | €300,000 | €280,000 | -€20,000 | -6.7% |
| Amounts payable within one year | 42/48 | €7,836 | €3,514 | -€4,322 | -55.2% |
| Trade debts | 44 | €387 | €253 | -€134 | -34.7% |
| Suppliers | 440/4 | €387 | €253 | -€134 | -34.7% |
| Taxes, remuneration and social security | 45 | - | €735 | +€735 | |
| Taxes | 450/3 | - | €735 | +€735 | |
| Other amounts payable | 47/48 | €7,449 | €2,527 | -€4,922 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,999 | €19,999 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,591 | €3,656 | +€65 | +1.8% |
| Gross operating margin | 9900 | €26,687 | €26,457 | -€230 | -0.9% |
| Operating profit (loss) | 9901 | €3,098 | €2,802 | -€296 | -9.5% |
| Financial charges | 65/66B | €42 | €49 | +€7 | +16.7% |
| Recurring financial charges | 65 | €42 | €49 | +€7 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €3,056 | €2,753 | -€303 | -9.9% |
| Income taxes | 67/77 | - | €735 | +€735 | |
| Profit (loss) for the period | 9904 | €3,056 | €2,018 | -€1,037 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,056 | €2,018 | -€1,037 | -34.0% |
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 13 October 2026 via checked.be.