Tondelier Development: 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.
What changed
Tondelier Development
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€376,911
2024 · -€1,496-€375,415
Equity
€5.8m
2024 · €6.2m-€376,911
Cash
€166,612
2024 · €1.7m-€1.6m
Balance sheet total
€31.3m
2024 · €30.1m+€1.2m
Largest movements
Assets
- Stocks and contracts +€2.6m
up €2.6m (+9.9%), from €25.8m to €28.4m
of which Contracts in progress: +€2.7m
- Cash -€1.6m
down €1.6m (-90.4%), from €1.7m to €166,612
mainly Stocks and contracts (-€2.6m) and Trade debts (-€1.1m)
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+31.4%), from €5.2m to €6.9m
- Trade debts -€1.1m
down €1.1m (-19.8%), from €5.7m to €4.6m
- Short-term financial debts +€973,072
up €973,072 (+11.5%), from €8.4m to €9.4m
- Profit (loss) carried forward -€376,911
down €376,911, from €107,314 to -€269,597
Income statement
- Turnover -€9.3m
down €9.3m (-72.0%), from €12.9m to €3.6m
- Goods and materials -€812,856
down €812,856 (-9.1%), from €9.0m to €8.1m
- Financial charges -€171,080
down €171,080 (-20.8%), from €823,535 to €652,455
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.
Result 2024
-€1,496
Turnover
-€9.3m
Other operating income
-€72,601
Goods and materials
+€812,856
Services and other goods
+€43,273
Write-downs
-€29,770
Other operating charges
-€214
Other operating items
+€7.9m
Financial income
+€25,440
Financial charges
+€171,080
Taxes
+€1,623
Result 2025
-€376,911
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.
From operations
-€2.5m
Investment
€0
Financing
+€973,072
Cash 2024
€1.7m
From operations (derived)
-€2.5m
Net result for the year
-€376,911
Receivables after one year
+€26,069
Stocks and contracts
-€2.6m
Receivables within one year
-€250,017
Deferred charges and accrued income
+€9,975
Trade debts
-€1.1m
Other debts
+€1.6m
Accrued charges and deferred income
+€109,239
Financing
+€973,072
Short-term financial debts
+€973,072
Cash 2025
€166,612
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,126,551 | €31,341,242 | +€1.2m | +4.0% |
| Current assets | 29/58 | €30,126,551 | €31,341,242 | +€1.2m | +4.0% |
| Amounts receivable after more than one year | 29 | €130,343 | €104,274 | -€26,069 | -20.0% |
| Other amounts receivable | 291 | €130,343 | €104,274 | -€26,069 | -20.0% |
| Stocks and contracts in progress | 3 | €25,826,453 | €28,394,488 | +€2.6m | +9.9% |
| Stocks | 30/36 | €153,952 | - | -€153,952 | |
| Property held for sale | 35 | €153,952 | - | -€153,952 | |
| Contracts in progress | 37 | €25,672,501 | €28,394,488 | +€2.7m | +10.6% |
| Amounts receivable within one year | 40/41 | €2,361,962 | €2,611,979 | +€250,017 | +10.6% |
| Trade receivables | 40 | €2,277,151 | €2,500,939 | +€223,788 | +9.8% |
| Other amounts receivable | 41 | €84,811 | €111,040 | +€26,229 | +30.9% |
| Cash at bank and in hand | 54/58 | €1,733,928 | €166,612 | -€1.6m | -90.4% |
| Deferred charges and accrued income | 490/1 | €73,865 | €63,889 | -€9,975 | -13.5% |
| Total equity and liabilities | 10/49 | €30,126,551 | €31,341,242 | +€1.2m | +4.0% |
| Equity | 10/15 | €6,174,541 | €5,797,630 | -€376,911 | -6.1% |
| Contributions | 10/11 | €6,061,500 | €6,061,500 | = | 0.0% |
| Capital | 10 | €6,061,500 | €6,061,500 | = | 0.0% |
| Issued capital | 100 | €6,061,500 | €6,061,500 | = | 0.0% |
| Reserves | 13 | €5,727 | €5,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,727 | €5,727 | = | 0.0% |
| Legal reserve | 130 | €5,727 | €5,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,314 | -€269,597 | -€376,911 | |
| Amounts payable | 17/49 | €23,952,010 | €25,543,612 | +€1.6m | +6.6% |
| Amounts payable after more than one year | 17 | €2,901,500 | €2,901,500 | = | 0.0% |
| Financial debts | 170/4 | €2,901,500 | €2,901,500 | = | 0.0% |
| Subordinated loans | 170 | €2,901,500 | €2,901,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,547,845 | €22,030,208 | +€1.5m | +7.2% |
| Financial debts | 43 | €8,441,516 | €9,414,588 | +€973,072 | +11.5% |
| Credit institutions | 430/8 | €8,441,516 | €9,414,588 | +€973,072 | +11.5% |
| Trade debts | 44 | €5,727,030 | €4,595,713 | -€1.1m | -19.8% |
| Suppliers | 440/4 | €5,727,030 | €4,595,713 | -€1.1m | -19.8% |
| Advances received on contracts in progress | 46 | €1,152,232 | €1,152,232 | = | 0.0% |
| Other amounts payable | 47/48 | €5,227,068 | €6,867,676 | +€1.6m | +31.4% |
| Accrued charges and deferred income | 492/3 | €502,664 | €611,903 | +€109,239 | +21.7% |
| Operating income | 70/76A | €9,841,462 | €8,496,336 | -€1.3m | -13.7% |
| Turnover | 70 | €12,876,191 | €3,610,102 | -€9.3m | -72.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€3,114,849 | €4,878,716 | +€8.0m | |
| Other operating income | 74 | €80,120 | €7,518 | -€72,601 | -90.6% |
| Operating charges | 60/66A | €9,026,577 | €8,255,007 | -€771,570 | -8.5% |
| Goods for resale, raw materials and consumables | 60 | €8,958,486 | €8,145,630 | -€812,856 | -9.1% |
| Purchases | 600/8 | €8,958,486 | €8,145,630 | -€812,856 | -9.1% |
| Services and other goods | 61 | €66,622 | €23,349 | -€43,273 | -65.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,770 | +€29,770 | |
| Other operating charges | 640/8 | €1,469 | €1,683 | +€214 | +14.6% |
| Non-recurring operating charges | 66A | - | €54,575 | +€54,575 | |
| Operating profit (loss) | 9901 | €814,885 | €241,329 | -€573,557 | -70.4% |
| Financial income | 75/76B | €8,823 | €34,263 | +€25,440 | +288.3% |
| Recurring financial income | 75 | €8,823 | €34,263 | +€25,440 | +288.3% |
| Other financial income | 752/9 | €8,823 | €34,263 | +€25,440 | +288.3% |
| Financial charges | 65/66B | €823,535 | €652,455 | -€171,080 | -20.8% |
| Recurring financial charges | 65 | €823,535 | €652,455 | -€171,080 | -20.8% |
| Debt charges | 650 | €781,607 | €624,283 | -€157,324 | -20.1% |
| Other financial charges | 652/9 | €41,928 | €28,172 | -€13,755 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €174 | -€376,864 | -€377,037 | |
| Income taxes | 67/77 | €1,670 | €47 | -€1,623 | -97.2% |
| Taxes | 670/3 | €1,670 | €47 | -€1,623 | -97.2% |
| Profit (loss) for the period | 9904 | -€1,496 | -€376,911 | -€375,415 | -25089.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,496 | -€376,911 | -€375,415 | -25089.9% |
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 10 October 2026 via checked.be.