T&M GROUP: 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 GROUP
Largest movements
- Receivables within one year +€62,844
up €62,844 (+331%), from €18,993 to €81,837
of which Other amounts receivable: +€43,909
- Cash +€4,605
new in 2025: €4,605
mainly Net result for the year (+€53,063) and Tax, wage and social debts (+€17,092)
- Tangible fixed assets -€2,802
down €2,802 (-77.9%), from €3,598 to €796
- Profit (loss) carried forward +€53,063
up €53,063, from -€7,807 to €45,256
- Tax, wage and social debts +€17,092
up €17,092 (+275%), from €6,211 to €23,303
of which Taxes: +€14,718
- Short-term financial debts -€9,316
no longer reported in 2025 (was €9,316)
- Trade debts +€3,962
new in 2025: €3,962
- Debts after one year -€2,417
no longer reported in 2025 (was €2,417)
- Gross operating margin +€47,629
up €47,629 (+78.8%), from €60,478 to €108,107
- Staff costs +€13,379
up €13,379 (+62.4%), from €21,435 to €34,814
- Taxes +€12,493
up €12,493 (+420%), from €2,971 to €15,464
- Financial income +€2,099
up €2,099 (+1,663%), from €126 to €2,226
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 | €22,590 | €87,238 | +€64,648 | +286% |
| Fixed assets | 21/28 | €3,598 | €796 | -€2,802 | -77.9% |
| Tangible fixed assets | 22/27 | €3,598 | €796 | -€2,802 | -77.9% |
| Furniture and vehicles | 24 | €3,598 | €796 | -€2,802 | -77.9% |
| Current assets | 29/58 | €18,993 | €86,442 | +€67,450 | +355% |
| Amounts receivable within one year | 40/41 | €18,993 | €81,837 | +€62,844 | +331% |
| Trade receivables | 40 | €2,353 | €21,288 | +€18,935 | +805% |
| Other amounts receivable | 41 | €16,640 | €60,549 | +€43,909 | +264% |
| Cash at bank and in hand | 54/58 | - | €4,605 | +€4,605 | |
| Total equity and liabilities | 10/49 | €22,590 | €87,238 | +€64,648 | +286% |
| Equity | 10/15 | €2,193 | €55,256 | +€53,063 | +2,420% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,807 | €45,256 | +€53,063 | |
| Amounts payable | 17/49 | €20,397 | €31,982 | +€11,584 | +56.8% |
| Amounts payable after more than one year | 17 | €2,417 | - | -€2,417 | |
| Financial debts | 170/4 | €2,417 | - | -€2,417 | |
| Amounts payable within one year | 42/48 | €17,785 | €29,682 | +€11,897 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €2,258 | €2,417 | +€159 | +7.1% |
| Financial debts | 43 | €9,316 | - | -€9,316 | |
| Credit institutions | 430/8 | €9,316 | - | -€9,316 | |
| Trade debts | 44 | - | €3,962 | +€3,962 | |
| Suppliers | 440/4 | - | €3,962 | +€3,962 | |
| Taxes, remuneration and social security | 45 | €6,211 | €23,303 | +€17,092 | +275% |
| Taxes | 450/3 | €4,038 | €18,756 | +€14,718 | +364% |
| Remuneration and social security | 454/9 | €2,173 | €4,547 | +€2,374 | +109% |
| Accrued charges and deferred income | 492/3 | €195 | €2,300 | +€2,105 | +1,078% |
| Remuneration, social security and pensions | 62 | €21,435 | €34,814 | +€13,379 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,839 | €2,802 | -€37 | -1.3% |
| Other operating charges | 640/8 | €1,876 | €1,650 | -€225 | -12.0% |
| Gross operating margin | 9900 | €60,478 | €108,107 | +€47,629 | +78.8% |
| Operating profit (loss) | 9901 | €34,329 | €68,841 | +€34,513 | +101% |
| Financial income | 75/76B | €126 | €2,226 | +€2,099 | +1,663% |
| Recurring financial income | 75 | €126 | €2,226 | +€2,099 | +1,663% |
| Financial charges | 65/66B | €2,031 | €2,540 | +€508 | +25.0% |
| Recurring financial charges | 65 | €2,031 | €2,540 | +€508 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €32,423 | €68,527 | +€36,104 | +111% |
| Income taxes | 67/77 | €2,971 | €15,464 | +€12,493 | +420% |
| Profit (loss) for the period | 9904 | €29,452 | €53,063 | +€23,611 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,452 | €53,063 | +€23,611 | +80.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.