T.M.C.: 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.M.C.
Largest movements
- Current assets -€125,516
down €125,516 (-46.4%), from €270,759 to €145,243
of which Receivables within one year: -€113,053
- Tangible fixed assets -€28,310
down €28,310 (-6.0%), from €472,417 to €444,107
- Debts within one year -€141,027
down €141,027 (-55.0%), from €256,195 to €115,168
of which Trade debts: -€133,157
- Debts after one year -€38,913
down €38,913 (-26.9%), from €144,896 to €105,982
- Equity +€25,609
up €25,609 (+7.5%), from €342,555 to €368,164
of which Revaluation surpluses: +€236,000
- Turnover +€140,283
new in 2021: €140,283
- Purchases and services +€73,983
new in 2021: €73,983
- Depreciation +€16,740
up €16,740 (+77.4%), from €21,635 to €38,375
- Financial charges +€10,802
new in 2021: €10,802
- Gross operating margin -€5,890
down €5,890 (-8.2%), from €72,190 to €66,300
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,894 | €590,069 | -€153,825 | -20.7% |
| Fixed assets | 21/28 | €473,135 | €444,826 | -€28,310 | -6.0% |
| Tangible fixed assets | 22/27 | €472,417 | €444,107 | -€28,310 | -6.0% |
| Land and buildings | 22 | - | €319,983 | +€319,983 | |
| Plant, machinery and equipment | 23 | - | €5,395 | +€5,395 | |
| Furniture and vehicles | 24 | - | €10,946 | +€10,946 | |
| Leasing and similar rights | 25 | - | €107,783 | +€107,783 | |
| Financial fixed assets | 28 | €718 | €718 | = | 0.0% |
| Current assets | 29/58 | €270,759 | €145,243 | -€125,516 | -46.4% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €155,379 | €42,326 | -€113,053 | -72.8% |
| Other amounts receivable | 41 | - | €42,326 | +€42,326 | |
| Cash at bank and in hand | 54/58 | €25,380 | €12,917 | -€12,463 | -49.1% |
| Total equity and liabilities | 10/49 | €743,894 | €590,069 | -€153,825 | -20.7% |
| Equity | 10/15 | €342,555 | €368,164 | +€25,609 | +7.5% |
| Contributions | 10/11 | - | €28,508 | +€28,508 | |
| Revaluation surpluses | 12 | - | €236,000 | +€236,000 | |
| Reserves | 13 | €2,851 | €92,851 | +€90,000 | +3,157% |
| Non-distributable reserves | 130/1 | - | €2,851 | +€2,851 | |
| Reserves not available under the articles | 1311 | - | €2,851 | +€2,851 | |
| Distributable reserves | 133 | - | €90,000 | +€90,000 | |
| Profit (loss) carried forward | 14 | €75,196 | €4,339 | -€70,858 | -94.2% |
| Investment grants | 15 | - | €6,467 | +€6,467 | |
| Amounts payable | 17/49 | €401,339 | €221,905 | -€179,435 | -44.7% |
| Amounts payable after more than one year | 17 | €144,896 | €105,982 | -€38,913 | -26.9% |
| Financial debts | 170/4 | - | €105,982 | +€105,982 | |
| Amounts payable within one year | 42/48 | €256,195 | €115,168 | -€141,027 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | - | €44,001 | +€44,001 | |
| Trade debts | 44 | €144,510 | €11,353 | -€133,157 | -92.1% |
| Suppliers | 440/4 | - | €11,353 | +€11,353 | |
| Taxes, remuneration and social security | 45 | - | €18,649 | +€18,649 | |
| Taxes | 450/3 | - | €18,649 | +€18,649 | |
| Other amounts payable | 47/48 | - | €41,165 | +€41,165 | |
| Accrued charges and deferred income | 492/3 | - | €755 | +€755 | |
| Turnover | 70 | - | €140,283 | +€140,283 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,983 | +€73,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,635 | €38,375 | +€16,740 | +77.4% |
| Other operating charges | 640/8 | - | €603 | +€603 | |
| Gross operating margin | 9900 | €72,190 | €66,300 | -€5,890 | -8.2% |
| Operating profit (loss) | 9901 | €48,848 | €27,322 | -€21,526 | -44.1% |
| Financial income | 75/76B | - | €2,834 | +€2,834 | |
| Recurring financial income | 75 | €543 | €2,834 | +€2,291 | +422% |
| Financial charges | 65/66B | - | €10,802 | +€10,802 | |
| Recurring financial charges | 65 | €6,972 | €10,802 | +€3,829 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €42,418 | €19,354 | -€23,064 | -54.4% |
| Income taxes | 67/77 | €1,279 | €7,150 | +€5,871 | +459% |
| Profit (loss) for the period | 9904 | €41,139 | €12,204 | -€28,935 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,139 | €12,204 | -€28,935 | -70.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.