T.M.R.: what changed
What changed
T.M.R.
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€130,143
2024 · -€33,469+€163,612
Equity
€564,071
2024 · €433,928+€130,143
Cash
€272,201
2024 · €87,566+€184,635
Balance sheet total
€812,117
2024 · €665,858+€146,259
Largest movements
Assets
- Cash +€184,635
up €184,635 (+211%), from €87,566 to €272,201
mainly Net result for the year (+€130,143) and Accrued charges and deferred income (+€50,000)
- Receivables within one year -€27,075
down €27,075 (-5.8%), from €462,956 to €435,881
of which Other amounts receivable: -€15,540
Equity and liabilities
- Profit (loss) carried forward +€81,241
up €81,241, from -€81,241 to €0
- Accrued charges and deferred income +€50,000
new in 2025: €50,000
- Reserves +€48,902
up €48,902 (+17.1%), from €285,170 to €334,071
- Trade debts -€45,159
down €45,159 (-38.5%), from €117,210 to €72,052
- Tax, wage and social debts +€24,068
up €24,068 (+88.2%), from €27,293 to €51,362
of which Taxes: +€15,043
Income statement
- Gross operating margin +€206,561
up €206,561 (+117%), from €177,059 to €383,620
- Taxes +€24,054
new in 2025: €24,054
- Staff costs +€15,704
up €15,704 (+8.0%), from €195,921 to €211,625
- Financial income +€4,390
up €4,390, from €0 to €4,390
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
-€33,469
Gross operating margin
+€206,561
Staff costs
-€15,704
Depreciation
-€3,753
Other operating charges
-€1,115
Financial income
+€4,390
Financial charges
-€2,713
Taxes
-€24,054
Result 2025
€130,143
raises the resultlowers the result
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
+€212,264
Investment
-€12,355
Financing
-€15,274
Cash 2024
€87,566
From operations (derived)
+€212,264
Net result for the year
+€130,143
Depreciation
+€17,362
Receivables within one year
+€27,075
Deferred charges and accrued income
+€6,295
Trade debts
-€45,159
Tax, wage and social debts
+€24,068
Other debts
+€2,480
Accrued charges and deferred income
+€50,000
Investment (derived)
-€12,355
Investment in fixed assets (net)
-€12,355
Financing
-€15,274
Debts after one year
-€15,603
Current portion of long-term debt
+€329
Cash 2025
€272,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €665,858 | €812,117 | +€146,259 | +22.0% |
| Fixed assets | 21/28 | €47,538 | €42,532 | -€5,006 | -10.5% |
| Tangible fixed assets | 22/27 | €47,538 | €42,532 | -€5,006 | -10.5% |
| Furniture and vehicles | 24 | €47,538 | €42,532 | -€5,006 | -10.5% |
| Current assets | 29/58 | €618,320 | €769,585 | +€151,265 | +24.5% |
| Stocks and contracts in progress | 3 | €7,503 | €7,503 | = | 0.0% |
| Stocks | 30/36 | €7,503 | €7,503 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €462,956 | €435,881 | -€27,075 | -5.8% |
| Trade receivables | 40 | €406,143 | €394,609 | -€11,534 | -2.8% |
| Other amounts receivable | 41 | €56,813 | €41,273 | -€15,540 | -27.4% |
| Current investments | 50/53 | €53,999 | €53,999 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,566 | €272,201 | +€184,635 | +211% |
| Deferred charges and accrued income | 490/1 | €6,295 | €0 | -€6,295 | -100% |
| Total equity and liabilities | 10/49 | €665,858 | €812,117 | +€146,259 | +22.0% |
| Equity | 10/15 | €433,928 | €564,071 | +€130,143 | +30.0% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €285,170 | €334,071 | +€48,902 | +17.1% |
| Distributable reserves | 133 | €285,170 | €334,071 | +€48,902 | +17.1% |
| Profit (loss) carried forward | 14 | -€81,241 | €0 | +€81,241 | |
| Amounts payable | 17/49 | €231,930 | €248,045 | +€16,116 | +6.9% |
| Amounts payable after more than one year | 17 | €32,942 | €17,339 | -€15,603 | -47.4% |
| Financial debts | 170/4 | €32,942 | €17,339 | -€15,603 | -47.4% |
| Amounts payable within one year | 42/48 | €198,988 | €180,706 | -€18,282 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €18,274 | €18,603 | +€329 | +1.8% |
| Trade debts | 44 | €117,210 | €72,052 | -€45,159 | -38.5% |
| Suppliers | 440/4 | €117,210 | €72,052 | -€45,159 | -38.5% |
| Taxes, remuneration and social security | 45 | €27,293 | €51,362 | +€24,068 | +88.2% |
| Taxes | 450/3 | - | €15,043 | +€15,043 | |
| Remuneration and social security | 454/9 | €27,293 | €36,319 | +€9,025 | +33.1% |
| Other amounts payable | 47/48 | €36,210 | €38,690 | +€2,480 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €195,921 | €211,625 | +€15,704 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,609 | €17,362 | +€3,753 | +27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,360 | €2,475 | +€1,115 | +82.0% |
| Gross operating margin | 9900 | €177,059 | €383,620 | +€206,561 | +117% |
| Operating profit (loss) | 9901 | -€33,830 | €152,159 | +€185,989 | |
| Financial income | 75/76B | €0 | €4,390 | +€4,390 | |
| Recurring financial income | 75 | €0 | €4,390 | +€4,390 | |
| Financial charges | 65/66B | -€361 | €2,352 | +€2,713 | |
| Recurring financial charges | 65 | -€361 | €2,352 | +€2,713 | |
| Profit (loss) for the period before taxes | 9903 | -€33,469 | €154,197 | +€187,666 | |
| Income taxes | 67/77 | - | €24,054 | +€24,054 | |
| Profit (loss) for the period | 9904 | -€33,469 | €130,143 | +€163,612 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,469 | €130,143 | +€163,612 |
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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 2 November 2026 via checked.be.