TBDA GROUP: 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.
TBDA GROUP
Largest movements
- Cash +€7,515
up €7,515 (+455%), from €1,652 to €9,167
mainly Other debts (+€14,008) and Tax, wage and social debts (+€7,180)
- Receivables within one year +€7,120
up €7,120 (+4,626%), from €154 to €7,274
- Tangible fixed assets -€3,659
down €3,659 (-38.9%), from €9,411 to €5,753
- Deferred charges and accrued income +€755
new in 2025: €755
- Other debts +€14,008
up €14,008 (+90.8%), from €15,431 to €29,439
- Tax, wage and social debts +€7,180
up €7,180 (+54.8%), from €13,102 to €20,281
of which Remuneration and social security: +€4,364
- Trade debts -€5,081
down €5,081 (-88.5%), from €5,743 to €662
- Profit (loss) carried forward -€4,376
down €4,376 (-27.2%), from -€16,059 to -€20,435
- Gross operating margin +€19,288
up €19,288 (+22.3%), from €86,405 to €105,693
- Staff costs +€6,003
up €6,003 (+6.3%), from €94,720 to €100,723
- Other operating charges -€2,064
down €2,064 (-40.0%), from €5,160 to €3,096
- Depreciation +€1,160
up €1,160 (+32.9%), from €3,531 to €4,691
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 | €20,218 | €31,948 | +€11,731 | +58.0% |
| Fixed assets | 21/28 | €18,411 | €14,753 | -€3,659 | -19.9% |
| Tangible fixed assets | 22/27 | €9,411 | €5,753 | -€3,659 | -38.9% |
| Furniture and vehicles | 24 | €9,411 | €5,753 | -€3,659 | -38.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €1,806 | €17,195 | +€15,389 | +852% |
| Amounts receivable within one year | 40/41 | €154 | €7,274 | +€7,120 | +4,626% |
| Trade receivables | 40 | €154 | €7,274 | +€7,120 | +4,626% |
| Cash at bank and in hand | 54/58 | €1,652 | €9,167 | +€7,515 | +455% |
| Deferred charges and accrued income | 490/1 | - | €755 | +€755 | |
| Total equity and liabilities | 10/49 | €20,218 | €31,948 | +€11,731 | +58.0% |
| Equity | 10/15 | -€14,059 | -€18,435 | -€4,376 | -31.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,059 | -€20,435 | -€4,376 | -27.2% |
| Amounts payable | 17/49 | €34,276 | €50,383 | +€16,106 | +47.0% |
| Amounts payable within one year | 42/48 | €34,276 | €50,383 | +€16,106 | +47.0% |
| Trade debts | 44 | €5,743 | €662 | -€5,081 | -88.5% |
| Suppliers | 440/4 | €5,743 | €662 | -€5,081 | -88.5% |
| Taxes, remuneration and social security | 45 | €13,102 | €20,281 | +€7,180 | +54.8% |
| Taxes | 450/3 | €2,959 | €5,775 | +€2,816 | +95.2% |
| Remuneration and social security | 454/9 | €10,143 | €14,507 | +€4,364 | +43.0% |
| Other amounts payable | 47/48 | €15,431 | €29,439 | +€14,008 | +90.8% |
| Remuneration, social security and pensions | 62 | €94,720 | €100,723 | +€6,003 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,531 | €4,691 | +€1,160 | +32.9% |
| Other operating charges | 640/8 | €5,160 | €3,096 | -€2,064 | -40.0% |
| Gross operating margin | 9900 | €86,405 | €105,693 | +€19,288 | +22.3% |
| Operating profit (loss) | 9901 | -€17,006 | -€2,817 | +€14,189 | +83.4% |
| Financial charges | 65/66B | €592 | €488 | -€103 | -17.5% |
| Recurring financial charges | 65 | €592 | €488 | -€103 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,598 | -€3,305 | +€14,292 | +81.2% |
| Income taxes | 67/77 | €128 | €1,071 | +€943 | +736% |
| Profit (loss) for the period | 9904 | -€17,726 | -€4,376 | +€13,350 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,726 | -€4,376 | +€13,350 | +75.3% |
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 18 October 2026 via checked.be.