T.G. MANAGEMENT: 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.
T.G. MANAGEMENT
Largest movements
- Cash -€14,140
down €14,140 (-75.9%), from €18,630 to €4,489
mainly Current portion of long-term debt (-€94,170)
- Current portion of long-term debt -€94,170
down €94,170 (-100%), from €94,170 to €0
- Reserves +€50,004
up €50,004 (+5.3%), from €950,823 to €1.0m
of which Distributable reserves: +€50,004
- Other debts +€12,696
up €12,696 (+360%), from €3,524 to €16,220
- Financial charges -€1,814
down €1,814 (-38.4%), from €4,724 to €2,910
- Taxes +€1,257
up €1,257 (+5.2%), from €24,148 to €25,405
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 | €1,081,556 | €1,058,921 | -€22,635 | -2.1% |
| Fixed assets | 21/28 | €1,031,250 | €1,031,250 | = | 0.0% |
| Financial fixed assets | 28 | €1,031,250 | €1,031,250 | = | 0.0% |
| Current assets | 29/58 | €50,306 | €27,671 | -€22,635 | -45.0% |
| Amounts receivable within one year | 40/41 | €17,603 | €9,682 | -€7,921 | -45.0% |
| Trade receivables | 40 | - | €8,586 | +€8,586 | |
| Other amounts receivable | 41 | €17,603 | €1,096 | -€16,507 | -93.8% |
| Cash at bank and in hand | 54/58 | €18,630 | €4,489 | -€14,140 | -75.9% |
| Deferred charges and accrued income | 490/1 | €14,073 | €13,500 | -€573 | -4.1% |
| Total equity and liabilities | 10/49 | €1,081,556 | €1,058,921 | -€22,635 | -2.1% |
| Equity | 10/15 | €969,423 | €1,019,427 | +€50,004 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €950,823 | €1,000,827 | +€50,004 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €948,963 | €998,967 | +€50,004 | +5.3% |
| Amounts payable | 17/49 | €112,133 | €39,494 | -€72,639 | -64.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,636 | €31,130 | -€80,505 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €94,170 | €0 | -€94,170 | -100% |
| Trade debts | 44 | €0 | €348 | +€348 | |
| Suppliers | 440/4 | €0 | €348 | +€348 | |
| Taxes, remuneration and social security | 45 | €13,942 | €14,562 | +€621 | +4.5% |
| Taxes | 450/3 | €12,442 | €13,062 | +€621 | +5.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,524 | €16,220 | +€12,696 | +360% |
| Accrued charges and deferred income | 492/3 | €497 | €8,364 | +€7,866 | +1,582% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,366 | €1,391 | +€25 | +1.8% |
| Gross operating margin | 9900 | €80,143 | €79,706 | -€437 | -0.5% |
| Operating profit (loss) | 9901 | €78,777 | €78,315 | -€462 | -0.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €4,724 | €2,910 | -€1,814 | -38.4% |
| Recurring financial charges | 65 | €4,724 | €2,910 | -€1,814 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €74,053 | €75,409 | +€1,356 | +1.8% |
| Income taxes | 67/77 | €24,148 | €25,405 | +€1,257 | +5.2% |
| Profit (loss) for the period | 9904 | €49,905 | €50,004 | +€99 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,905 | €50,004 | +€99 | +0.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.