TDGC: 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.
TDGC
Largest movements
- Tangible fixed assets -€76,953
down €76,953 (-4.7%), from €1.6m to €1.6m
of which Land and buildings: -€76,953
- Debts after one year -€144,842
down €144,842 (-20.4%), from €710,091 to €565,249
of which Financial debts: -€144,847
- Profit (loss) carried forward +€42,099
up €42,099 (+84.3%), from €49,921 to €92,020
- Other debts +€25,775
up €25,775 (+3.8%), from €679,785 to €705,560
- Gross operating margin +€14,098
up €14,098 (+9.5%), from €147,810 to €161,908
- Taxes +€10,440
up €10,440 (+254.6%), from €4,101 to €14,541
- Financial charges -€2,804
down €2,804 (-15.8%), from €17,763 to €14,959
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 | €1,666,540 | €1,591,965 | -€74,575 | -4.5% |
| Fixed assets | 21/28 | €1,639,903 | €1,562,950 | -€76,953 | -4.7% |
| Tangible fixed assets | 22/27 | €1,639,903 | €1,562,950 | -€76,953 | -4.7% |
| Land and buildings | 22 | €1,639,903 | €1,562,950 | -€76,953 | -4.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €26,637 | €29,015 | +€2,377 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,013 | - | -€1,013 | |
| Trade receivables | 40 | €1,013 | - | -€1,013 | |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,981 | €20,028 | +€2,047 | +11.4% |
| Deferred charges and accrued income | 490/1 | €7,641 | €8,986 | +€1,344 | +17.6% |
| Total equity and liabilities | 10/49 | €1,666,540 | €1,591,965 | -€74,575 | -4.5% |
| Equity | 10/15 | €124,921 | €167,020 | +€42,099 | +33.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,921 | €92,020 | +€42,099 | +84.3% |
| Amounts payable | 17/49 | €1,541,619 | €1,424,945 | -€116,674 | -7.6% |
| Amounts payable after more than one year | 17 | €710,091 | €565,249 | -€144,842 | -20.4% |
| Financial debts | 170/4 | €694,036 | €549,189 | -€144,847 | -20.9% |
| Other amounts payable | 178/9 | €16,055 | €16,060 | +€5 | 0.0% |
| Amounts payable within one year | 42/48 | €827,109 | €857,242 | +€30,133 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €142,090 | €144,847 | +€2,757 | +1.9% |
| Trade debts | 44 | €1,133 | €1,892 | +€759 | +67.0% |
| Suppliers | 440/4 | €1,133 | €1,892 | +€759 | +67.0% |
| Taxes, remuneration and social security | 45 | €4,101 | €4,943 | +€841 | +20.5% |
| Taxes | 450/3 | €4,101 | €4,943 | +€841 | +20.5% |
| Other amounts payable | 47/48 | €679,785 | €705,560 | +€25,775 | +3.8% |
| Accrued charges and deferred income | 492/3 | €4,419 | €2,454 | -€1,965 | -44.5% |
| Non-recurring operating income | 76A | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,256 | €76,953 | -€304 | -0.4% |
| Other operating charges | 640/8 | €14,920 | €13,367 | -€1,553 | -10.4% |
| Gross operating margin | 9900 | €147,810 | €161,908 | +€14,098 | +9.5% |
| Operating profit (loss) | 9901 | €55,634 | €71,588 | +€15,955 | +28.7% |
| Financial income | 75/76B | €0 | €11 | +€11 | +53400.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +53400.0% |
| Financial charges | 65/66B | €17,763 | €14,959 | -€2,804 | -15.8% |
| Recurring financial charges | 65 | €17,763 | €14,959 | -€2,804 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €37,871 | €56,640 | +€18,769 | +49.6% |
| Income taxes | 67/77 | €4,101 | €14,541 | +€10,440 | +254.6% |
| Profit (loss) for the period | 9904 | €33,769 | €42,099 | +€8,329 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,769 | €42,099 | +€8,329 | +24.7% |
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 4 October 2026 via checked.be.