T & M CONSULTING: what changed
What changed
T & M CONSULTING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€558,614
2024 · -€125,507+€684,121
Equity
€1.1m
2024 · €604,103+€452,898
Cash
€24,244
2024 · €98,403-€74,159
Balance sheet total
€2.4m
2024 · €1.6m+€777,767
Largest movements
Assets
- Current investments +€767,582
up €767,582 (+311%), from €246,515 to €1.0m
- Cash -€74,159
down €74,159 (-75.4%), from €98,403 to €24,244
mainly Current investments (-€767,582) and Investment in fixed assets (net) (-€131,471)
- Tangible fixed assets +€66,662
up €66,662 (+5.3%), from €1.3m to €1.3m
of which Land and buildings: +€76,145
Equity and liabilities
- Reserves +€452,898
up €452,898 (+77.4%), from €585,511 to €1.0m
of which Tax-exempt reserves: +€526,436
- Provisions +€175,479
new in 2025: €175,479
- Other debts +€166,935
up €166,935 (+58.0%), from €288,056 to €454,991
Income statement
- Gross operating margin +€772,938
up €772,938 (+2,278%), from €33,934 to €806,872
- Depreciation -€71,893
down €71,893 (-52.6%), from €136,702 to €64,809
- Financial charges -€12,652
down €12,652 (-89.9%), from €14,067 to €1,415
- Financial income +€10,154
up €10,154 (+30,622%), from €33 to €10,187
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€125,507
Gross operating margin
+€772,938
Depreciation
+€71,893
Other operating charges
-€4,684
Financial income
+€10,154
Financial charges
+€12,652
Taxes
-€3,354
Deferred taxes and other
-€175,479
Result 2025
€558,614
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€940,294
Investment
-€899,052
Financing
-€115,401
Cash 2024
€98,403
From operations (derived)
+€940,294
Net result for the year
+€558,614
Depreciation
+€64,809
Receivables within one year
-€17,776
Smaller working-capital items
-€903
Provisions
+€175,479
Tax, wage and social debts
+€5,886
Other debts
+€166,935
Accrued charges and deferred income
-€12,750
Investment (derived)
-€899,052
Investment in fixed assets (net)
-€131,471
Current investments
-€767,582
Financing
-€115,401
Debts after one year
-€9,781
Current portion of long-term debt
+€96
Contributions, distributions and other
-€105,716
Cash 2025
€24,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,619,885 | €2,397,652 | +€777,767 | +48.0% |
| Fixed assets | 21/28 | €1,265,409 | €1,332,070 | +€66,662 | +5.3% |
| Tangible fixed assets | 22/27 | €1,263,233 | €1,329,894 | +€66,662 | +5.3% |
| Land and buildings | 22 | €1,224,476 | €1,300,621 | +€76,145 | +6.2% |
| Plant, machinery and equipment | 23 | €1,989 | €1,459 | -€530 | -26.6% |
| Furniture and vehicles | 24 | €36,768 | €27,815 | -€8,953 | -24.4% |
| Financial fixed assets | 28 | €2,176 | €2,176 | = | 0.0% |
| Current assets | 29/58 | €354,476 | €1,065,581 | +€711,105 | +201% |
| Amounts receivable within one year | 40/41 | €8,269 | €26,045 | +€17,776 | +215% |
| Trade receivables | 40 | €6,050 | €15,604 | +€9,554 | +158% |
| Other amounts receivable | 41 | €2,219 | €10,441 | +€8,222 | +371% |
| Current investments | 50/53 | €246,515 | €1,014,096 | +€767,582 | +311% |
| Cash at bank and in hand | 54/58 | €98,403 | €24,244 | -€74,159 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,196 | -€93 | -7.2% |
| Total equity and liabilities | 10/49 | €1,619,885 | €2,397,652 | +€777,767 | +48.0% |
| Equity | 10/15 | €604,103 | €1,057,001 | +€452,898 | +75.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €585,511 | €1,038,409 | +€452,898 | +77.4% |
| Tax-exempt reserves | 132 | €14,449 | €540,885 | +€526,436 | +3,643% |
| Distributable reserves | 133 | €571,062 | €497,524 | -€73,538 | -12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €175,479 | +€175,479 | |
| Deferred taxes | 168 | - | €175,479 | +€175,479 | |
| Amounts payable | 17/49 | €1,015,782 | €1,165,172 | +€149,390 | +14.7% |
| Amounts payable after more than one year | 17 | €704,059 | €694,278 | -€9,781 | -1.4% |
| Financial debts | 170/4 | €104,059 | €94,278 | -€9,781 | -9.4% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €298,974 | €470,894 | +€171,920 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €9,685 | €9,781 | +€96 | +1.0% |
| Trade debts | 44 | €1,233 | €236 | -€996 | -80.8% |
| Suppliers | 440/4 | €1,233 | €236 | -€996 | -80.8% |
| Taxes, remuneration and social security | 45 | €0 | €5,886 | +€5,886 | |
| Taxes | 450/3 | €0 | €5,886 | +€5,886 | |
| Other amounts payable | 47/48 | €288,056 | €454,991 | +€166,935 | +58.0% |
| Accrued charges and deferred income | 492/3 | €12,750 | €0 | -€12,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,702 | €64,809 | -€71,893 | -52.6% |
| Other operating charges | 640/8 | €8,705 | €13,388 | +€4,684 | +53.8% |
| Gross operating margin | 9900 | €33,934 | €806,872 | +€772,938 | +2,278% |
| Operating profit (loss) | 9901 | -€111,473 | €728,675 | +€840,147 | |
| Financial income | 75/76B | €33 | €10,187 | +€10,154 | +30,622% |
| Recurring financial income | 75 | €33 | €10,187 | +€10,154 | +30,622% |
| Financial charges | 65/66B | €14,067 | €1,415 | -€12,652 | -89.9% |
| Recurring financial charges | 65 | €14,067 | €1,415 | -€12,652 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | -€125,507 | €737,447 | +€862,954 | |
| Transfer from deferred taxes | 780 | - | €26,072 | +€26,072 | |
| Transfer to deferred taxes | 680 | - | €201,550 | +€201,550 | |
| Income taxes | 67/77 | €0 | €3,354 | +€3,354 | |
| Profit (loss) for the period | 9904 | -€125,507 | €558,614 | +€684,121 | |
| Transfer from tax-exempt reserves | 789 | - | €78,215 | +€78,215 | |
| Transfer to tax-exempt reserves | 689 | - | €604,651 | +€604,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,507 | €32,178 | +€157,685 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.