T.M. CONSULTING: 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.
What changed
T.M. CONSULTING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€72,376
2024 · -€46,846-€25,530
Equity
€338,475
2024 · €410,850-€72,376
Cash
€11,645
2024 · €13,043-€1,398
Balance sheet total
€494,073
2024 · €547,206-€53,134
Largest movements
Assets
- Tangible fixed assets -€52,413
down €52,413 (-91.5%), from €57,273 to €4,860
of which Furniture and vehicles: -€51,037
Equity and liabilities
- Profit (loss) carried forward -€72,376
down €72,376 (-28.6%), from -€252,650 to -€325,025
- Other debts +€39,524
up €39,524 (+62.7%), from €63,038 to €102,562
- Debts after one year -€17,606
down €17,606 (-49.1%), from €35,864 to €18,258
Income statement
- Gross operating margin -€29,616
down €29,616 (-130%), from -€22,863 to -€52,479
- Depreciation -€17,225
down €17,225 (-92.4%), from €18,638 to €1,413
- Other operating charges +€663
up €663 (+55.2%), from €1,200 to €1,864
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.
Result 2024
-€46,846
Gross operating margin
-€29,616
Depreciation
+€17,225
Other operating charges
-€663
Other operating items
-€13,196
Financial income
+€392
Financial charges
+€348
Taxes
-€20
Result 2025
-€72,376
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€35,421
Investment
+€51,000
Financing
-€16,978
Cash 2024
€13,043
From operations (derived)
-€35,421
Net result for the year
-€72,376
Depreciation
+€1,413
Receivables within one year
-€678
Trade debts
+€1,747
Tax, wage and social debts
-€5,051
Other debts
+€39,524
Investment (derived)
+€51,000
Investment in fixed assets (net)
+€51,000
Financing
-€16,978
Debts after one year
-€17,606
Current portion of long-term debt
+€628
Cash 2025
€11,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,206 | €494,073 | -€53,134 | -9.7% |
| Fixed assets | 21/28 | €263,205 | €210,792 | -€52,413 | -19.9% |
| Tangible fixed assets | 22/27 | €57,273 | €4,860 | -€52,413 | -91.5% |
| Plant, machinery and equipment | 23 | €6,200 | €4,824 | -€1,376 | -22.2% |
| Furniture and vehicles | 24 | €51,073 | €37 | -€51,037 | -99.9% |
| Financial fixed assets | 28 | €205,932 | €205,932 | = | 0.0% |
| Current assets | 29/58 | €284,001 | €283,281 | -€721 | -0.3% |
| Amounts receivable after more than one year | 29 | €108,488 | €108,488 | = | 0.0% |
| Other amounts receivable | 291 | €108,488 | €108,488 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,563 | €51,240 | +€678 | +1.3% |
| Trade receivables | 40 | €9,545 | €9,557 | +€12 | +0.1% |
| Other amounts receivable | 41 | €41,017 | €41,683 | +€666 | +1.6% |
| Current investments | 50/53 | €111,908 | €111,908 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,043 | €11,645 | -€1,398 | -10.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €547,206 | €494,073 | -€53,134 | -9.7% |
| Equity | 10/15 | €410,850 | €338,475 | -€72,376 | -17.6% |
| Contributions | 10/11 | €656,000 | €656,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€252,650 | -€325,025 | -€72,376 | -28.6% |
| Amounts payable | 17/49 | €136,356 | €155,598 | +€19,242 | +14.1% |
| Amounts payable after more than one year | 17 | €35,864 | €18,258 | -€17,606 | -49.1% |
| Financial debts | 170/4 | €35,864 | €18,258 | -€17,606 | -49.1% |
| Amounts payable within one year | 42/48 | €100,492 | €137,341 | +€36,848 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €16,978 | €17,606 | +€628 | +3.7% |
| Trade debts | 44 | €15,425 | €17,172 | +€1,747 | +11.3% |
| Suppliers | 440/4 | €15,425 | €17,172 | +€1,747 | +11.3% |
| Taxes, remuneration and social security | 45 | €5,051 | €0 | -€5,051 | -100% |
| Taxes | 450/3 | €5,051 | €0 | -€5,051 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,038 | €102,562 | +€39,524 | +62.7% |
| Non-recurring operating income | 76A | - | €1,478 | +€1,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,638 | €1,413 | -€17,225 | -92.4% |
| Other operating charges | 640/8 | €1,200 | €1,864 | +€663 | +55.2% |
| Non-recurring operating charges | 66A | €1,504 | €14,700 | +€13,196 | +877% |
| Gross operating margin | 9900 | -€22,863 | -€52,479 | -€29,616 | -130% |
| Operating profit (loss) | 9901 | -€44,206 | -€70,456 | -€26,250 | -59.4% |
| Financial income | 75/76B | €409 | €800 | +€392 | +95.8% |
| Recurring financial income | 75 | €409 | €800 | +€392 | +95.8% |
| Financial charges | 65/66B | €2,815 | €2,467 | -€348 | -12.4% |
| Recurring financial charges | 65 | €2,815 | €2,467 | -€348 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,612 | -€72,123 | -€25,510 | -54.7% |
| Income taxes | 67/77 | €233 | €253 | +€20 | +8.5% |
| Profit (loss) for the period | 9904 | -€46,846 | -€72,376 | -€25,530 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,846 | -€72,376 | -€25,530 | -54.5% |
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 16 October 2026 via checked.be.