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
- Receivables within one year -€49,551
down €49,551 (-99.8%), from €49,668 to €117
- Short-term financial debts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Other debts -€8,458
down €8,458 (-46.5%), from €18,197 to €9,738
- Profit (loss) carried forward -€3,811
down €3,811 (-12.9%), from -€29,439 to -€33,249
- Trade debts +€2,672
up €2,672 (+137%), from €1,951 to €4,623
- Financial charges -€1,955
down €1,955 (-65.0%), from €3,010 to €1,055
- Other operating charges -€389
down €389 (-42.8%), from €909 to €520
- Gross operating margin +€192
up €192 (+7.9%), from -€2,428 to -€2,236
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 | €51,160 | €1,563 | -€49,597 | -96.9% |
| Current assets | 29/58 | €51,160 | €1,563 | -€49,597 | -96.9% |
| Amounts receivable within one year | 40/41 | €49,668 | €117 | -€49,551 | -99.8% |
| Other amounts receivable | 41 | €49,668 | €117 | -€49,551 | -99.8% |
| Cash at bank and in hand | 54/58 | €1,492 | €1,445 | -€46 | -3.1% |
| Total equity and liabilities | 10/49 | €51,160 | €1,563 | -€49,597 | -96.9% |
| Equity | 10/15 | -€8,987 | -€12,798 | -€3,811 | -42.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,439 | -€33,249 | -€3,811 | -12.9% |
| Amounts payable | 17/49 | €60,147 | €14,361 | -€45,787 | -76.1% |
| Amounts payable within one year | 42/48 | €60,147 | €14,361 | -€45,787 | -76.1% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100% |
| Trade debts | 44 | €1,951 | €4,623 | +€2,672 | +137% |
| Suppliers | 440/4 | €1,951 | €4,623 | +€2,672 | +137% |
| Other amounts payable | 47/48 | €18,197 | €9,738 | -€8,458 | -46.5% |
| Other operating charges | 640/8 | €909 | €520 | -€389 | -42.8% |
| Gross operating margin | 9900 | -€2,428 | -€2,236 | +€192 | +7.9% |
| Operating profit (loss) | 9901 | -€3,336 | -€2,756 | +€581 | +17.4% |
| Financial charges | 65/66B | €3,010 | €1,055 | -€1,955 | -65.0% |
| Recurring financial charges | 65 | €3,010 | €1,055 | -€1,955 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,346 | -€3,811 | +€2,536 | +40.0% |
| Profit (loss) for the period | 9904 | -€6,346 | -€3,811 | +€2,536 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,346 | -€3,811 | +€2,536 | +40.0% |
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 20 October 2026 via checked.be.