T.M.CONCEPT: 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.
T.M.CONCEPT
Largest movements
- Stocks and contracts -€235,517
down €235,517 (-56.2%), from €418,841 to €183,324
- Cash +€6,338
up €6,338 (+38.2%), from €16,576 to €22,914
mainly Stocks and contracts (+€235,517) and Trade debts (+€2,218)
- Other debts -€199,622
down €199,622 (-73.7%), from €270,719 to €71,097
- Profit (loss) carried forward -€29,202
down €29,202 (-21.4%), from €136,658 to €107,456
- Gross operating margin -€232,489
down €232,489 (-98.8%), from €235,406 to €2,917
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.
Cash bridge derived
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 | €438,391 | €211,703 | -€226,688 | -51.7% |
| Fixed assets | 21/28 | €477 | €98 | -€379 | -79.4% |
| Tangible fixed assets | 22/27 | €379 | - | -€379 | |
| Furniture and vehicles | 24 | €379 | - | -€379 | |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €437,915 | €211,605 | -€226,309 | -51.7% |
| Stocks and contracts in progress | 3 | €418,841 | €183,324 | -€235,517 | -56.2% |
| Stocks | 30/36 | €418,841 | €183,324 | -€235,517 | -56.2% |
| Amounts receivable within one year | 40/41 | €2,497 | €5,368 | +€2,870 | +114.9% |
| Trade receivables | 40 | €2,497 | €3,314 | +€817 | +32.7% |
| Other amounts receivable | 41 | - | €2,053 | +€2,053 | |
| Cash at bank and in hand | 54/58 | €16,576 | €22,914 | +€6,338 | +38.2% |
| Total equity and liabilities | 10/49 | €438,391 | €211,703 | -€226,688 | -51.7% |
| Equity | 10/15 | €156,658 | €127,456 | -€29,202 | -18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,658 | €107,456 | -€29,202 | -21.4% |
| Amounts payable | 17/49 | €281,734 | €84,248 | -€197,486 | -70.1% |
| Amounts payable within one year | 42/48 | €281,734 | €84,248 | -€197,486 | -70.1% |
| Trade debts | 44 | €8,724 | €10,942 | +€2,218 | +25.4% |
| Suppliers | 440/4 | €8,724 | €10,942 | +€2,218 | +25.4% |
| Taxes, remuneration and social security | 45 | €2,290 | €2,209 | -€82 | -3.6% |
| Taxes | 450/3 | €632 | €550 | -€82 | -12.9% |
| Remuneration and social security | 454/9 | €1,659 | €1,659 | = | 0.0% |
| Other amounts payable | 47/48 | €270,719 | €71,097 | -€199,622 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | €379 | -€758 | -66.7% |
| Other operating charges | 640/8 | €2,735 | €655 | -€2,080 | -76.0% |
| Gross operating margin | 9900 | €235,406 | €2,917 | -€232,489 | -98.8% |
| Operating profit (loss) | 9901 | €231,535 | €1,883 | -€229,651 | -99.2% |
| Financial charges | 65/66B | €115 | €108 | -€7 | -5.9% |
| Recurring financial charges | 65 | €115 | €108 | -€7 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €231,420 | €1,775 | -€229,645 | -99.2% |
| Income taxes | 67/77 | €971 | €1,446 | +€475 | +48.9% |
| Profit (loss) for the period | 9904 | €230,448 | €329 | -€230,119 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €230,448 | €329 | -€230,119 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.