CONTACT TMF: 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.
CONTACT TMF
Largest movements
- Receivables within one year -€46,997
down €46,997 (-33.1%), from €141,857 to €94,860
of which Trade receivables: -€47,974
- Stocks and contracts +€11,803
up €11,803 (+12.3%), from €96,057 to €107,860
- Other debts -€96,658
down €96,658 (-43.8%), from €220,530 to €123,872
- Debts after one year +€60,000
up €60,000 (+54.5%), from €110,000 to €170,000
- Profit (loss) carried forward -€20,154
down €20,154 (-11.1%), from -€180,859 to -€201,013
- Tax, wage and social debts +€19,343
up €19,343 (+376.9%), from €5,132 to €24,475
of which Remuneration and social security: +€14,803
- Trade debts +€5,779
up €5,779 (+43.0%), from €13,426 to €19,205
- Gross operating margin +€16,730
up €16,730 (+50.4%), from -€33,201 to -€16,471
- Staff costs +€15,788
up €15,788 (+58.6%), from €26,939 to €42,727
- Financial charges -€1,458
down €1,458 (-31.1%), from €4,680 to €3,222
of which Non-recurring financial charges: -€2,600
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,655 | €212,031 | -€33,624 | -13.7% |
| Fixed assets | 21/28 | €1,019 | €885 | -€134 | -13.1% |
| Tangible fixed assets | 22/27 | €1,019 | €885 | -€134 | -13.1% |
| Furniture and vehicles | 24 | €1,019 | €885 | -€134 | -13.1% |
| Current assets | 29/58 | €244,637 | €211,146 | -€33,491 | -13.7% |
| Stocks and contracts in progress | 3 | €96,057 | €107,860 | +€11,803 | +12.3% |
| Stocks | 30/36 | €96,057 | €107,860 | +€11,803 | +12.3% |
| Amounts receivable within one year | 40/41 | €141,857 | €94,860 | -€46,997 | -33.1% |
| Trade receivables | 40 | €135,641 | €87,667 | -€47,974 | -35.4% |
| Other amounts receivable | 41 | €6,216 | €7,193 | +€977 | +15.7% |
| Cash at bank and in hand | 54/58 | €26 | €0 | -€26 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,697 | €8,426 | +€1,730 | +25.8% |
| Total equity and liabilities | 10/49 | €245,655 | €212,031 | -€33,624 | -13.7% |
| Equity | 10/15 | -€118,730 | -€138,884 | -€20,154 | -17.0% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | -€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | -€0 | 0.0% |
| Reserves | 13 | €156 | €156 | +€0 | +0.1% |
| Non-distributable reserves | 130/1 | €156 | €156 | +€0 | +0.1% |
| Legal reserve | 130 | €156 | €156 | +€0 | +0.1% |
| Profit (loss) carried forward | 14 | -€180,859 | -€201,013 | -€20,154 | -11.1% |
| Amounts payable | 17/49 | €364,385 | €350,915 | -€13,470 | -3.7% |
| Amounts payable after more than one year | 17 | €110,000 | €170,000 | +€60,000 | +54.5% |
| Financial debts | 170/4 | €110,000 | €170,000 | +€60,000 | +54.5% |
| Amounts payable within one year | 42/48 | €254,385 | €180,915 | -€73,470 | -28.9% |
| Financial debts | 43 | €15,298 | €13,363 | -€1,935 | -12.6% |
| Credit institutions | 430/8 | €15,298 | €13,363 | -€1,935 | -12.6% |
| Trade debts | 44 | €13,426 | €19,205 | +€5,779 | +43.0% |
| Suppliers | 440/4 | €13,426 | €19,205 | +€5,779 | +43.0% |
| Taxes, remuneration and social security | 45 | €5,132 | €24,475 | +€19,343 | +376.9% |
| Taxes | 450/3 | €5,019 | €9,559 | +€4,540 | +90.5% |
| Remuneration and social security | 454/9 | €113 | €14,916 | +€14,803 | +13084.8% |
| Other amounts payable | 47/48 | €220,530 | €123,872 | -€96,658 | -43.8% |
| Remuneration, social security and pensions | 62 | €26,939 | €42,727 | +€15,788 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €948 | +€40 | +4.5% |
| Other operating charges | 640/8 | €2,090 | €1,786 | -€304 | -14.6% |
| Gross operating margin | 9900 | -€33,201 | -€16,471 | +€16,730 | +50.4% |
| Operating profit (loss) | 9901 | -€63,138 | -€61,932 | +€1,206 | +1.9% |
| Financial charges | 65/66B | €4,680 | €3,222 | -€1,458 | -31.1% |
| Recurring financial charges | 65 | €2,080 | €3,222 | +€1,142 | +54.9% |
| Non-recurring financial charges | 66B | €2,600 | - | -€2,600 | |
| Profit (loss) for the period before taxes | 9903 | -€67,818 | -€65,154 | +€2,664 | +3.9% |
| Profit (loss) for the period | 9904 | -€67,818 | -€65,154 | +€2,664 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,818 | -€65,154 | +€2,664 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.