T.M.C. SECURITY: 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. SECURITY
Largest movements
- Cash +€73,343
up €73,343 (+2,935%), from €2,499 to €75,842
mainly Net result for the year (+€46,618) and Receivables after one year (+€45,394)
- Receivables after one year -€45,394
no longer reported in 2024 (was €45,394)
- Receivables within one year -€41,004
down €41,004 (-57.2%), from €71,657 to €30,653
of which Other amounts receivable: -€22,398
- Tangible fixed assets -€5,611
down €5,611 (-8.5%), from €66,085 to €60,474
of which Furniture and vehicles: -€3,371
- Stocks and contracts -€4,010
down €4,010 (-41.1%), from €9,756 to €5,746
- Other debts -€67,488
down €67,488 (-95.7%), from €70,552 to €3,064
- Reserves +€38,618
up €38,618 (+48.6%), from €79,402 to €118,019
of which Distributable reserves: +€38,618
- Trade debts +€22,135
new in 2024: €22,135
- Debts after one year -€15,326
down €15,326 (-79.8%), from €19,199 to €3,873
- Gross operating margin +€67,361
up €67,361 (+308%), from €21,842 to €89,203
- Taxes +€21,573
up €21,573 (+15,997%), from €135 to €21,708
- Financial income +€5,786
up €5,786 (+574%), from €1,009 to €6,795
of which Non-recurring financial income: +€6,767
- Other operating charges -€1,423
down €1,423 (-69.3%), from €2,054 to €631
- Depreciation +€1,188
up €1,188 (+5.2%), from €22,645 to €23,834
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,391 | €174,953 | -€20,438 | -10.5% |
| Fixed assets | 21/28 | €66,085 | €60,474 | -€5,611 | -8.5% |
| Tangible fixed assets | 22/27 | €66,085 | €60,474 | -€5,611 | -8.5% |
| Plant, machinery and equipment | 23 | €9,273 | €7,033 | -€2,241 | -24.2% |
| Furniture and vehicles | 24 | €56,812 | €53,441 | -€3,371 | -5.9% |
| Current assets | 29/58 | €129,306 | €114,479 | -€14,827 | -11.5% |
| Amounts receivable after more than one year | 29 | €45,394 | - | -€45,394 | |
| Other amounts receivable | 291 | €45,394 | - | -€45,394 | |
| Stocks and contracts in progress | 3 | €9,756 | €5,746 | -€4,010 | -41.1% |
| Stocks | 30/36 | €9,756 | €5,746 | -€4,010 | -41.1% |
| Amounts receivable within one year | 40/41 | €71,657 | €30,653 | -€41,004 | -57.2% |
| Trade receivables | 40 | €41,391 | €22,784 | -€18,607 | -45.0% |
| Other amounts receivable | 41 | €30,267 | €7,869 | -€22,398 | -74.0% |
| Cash at bank and in hand | 54/58 | €2,499 | €75,842 | +€73,343 | +2,935% |
| Deferred charges and accrued income | 490/1 | - | €2,238 | +€2,238 | |
| Total equity and liabilities | 10/49 | €195,391 | €174,953 | -€20,438 | -10.5% |
| Equity | 10/15 | €88,078 | €126,695 | +€38,618 | +43.8% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €79,402 | €118,019 | +€38,618 | +48.6% |
| Tax-exempt reserves | 132 | €1,560 | €1,560 | = | 0.0% |
| Distributable reserves | 133 | €77,842 | €116,459 | +€38,618 | +49.6% |
| Amounts payable | 17/49 | €107,313 | €48,257 | -€59,056 | -55.0% |
| Amounts payable after more than one year | 17 | €19,199 | €3,873 | -€15,326 | -79.8% |
| Financial debts | 170/4 | €19,199 | €3,873 | -€15,326 | -79.8% |
| Amounts payable within one year | 42/48 | €88,114 | €44,384 | -€43,730 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €15,062 | €15,326 | +€263 | +1.7% |
| Trade debts | 44 | - | €22,135 | +€22,135 | |
| Suppliers | 440/4 | - | €22,135 | +€22,135 | |
| Taxes, remuneration and social security | 45 | €2,500 | €3,860 | +€1,360 | +54.4% |
| Taxes | 450/3 | - | €3,860 | +€3,860 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €70,552 | €3,064 | -€67,488 | -95.7% |
| Remuneration, social security and pensions | 62 | - | €1,117 | +€1,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,645 | €23,834 | +€1,188 | +5.2% |
| Other operating charges | 640/8 | €2,054 | €631 | -€1,423 | -69.3% |
| Gross operating margin | 9900 | €21,842 | €89,203 | +€67,361 | +308% |
| Operating profit (loss) | 9901 | -€2,857 | €63,621 | +€66,478 | |
| Financial income | 75/76B | €1,009 | €6,795 | +€5,786 | +574% |
| Recurring financial income | 75 | €1,009 | €28 | -€981 | -97.2% |
| Non-recurring financial income | 76B | - | €6,767 | +€6,767 | |
| Financial charges | 65/66B | €2,090 | €2,091 | +€1 | 0.0% |
| Recurring financial charges | 65 | €2,090 | €2,091 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,938 | €68,325 | +€72,263 | |
| Income taxes | 67/77 | €135 | €21,708 | +€21,573 | +15,997% |
| Profit (loss) for the period | 9904 | -€4,073 | €46,618 | +€50,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,073 | €46,618 | +€50,690 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.