T.M.R.: 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.R.
Largest movements
- Tangible fixed assets -€10,338
down €10,338 (-15.1%), from €68,524 to €58,186
of which Land and buildings: -€6,213
- Receivables within one year +€5,882
up €5,882 (+115%), from €5,118 to €11,000
- Cash +€1,103
up €1,103 (+3.1%), from €35,372 to €36,475
mainly Net result for the year (+€25,451) and Tax, wage and social debts (+€11,877)
- Other debts -€40,536
no longer reported in 2025 (was €40,536)
- Reserves +€25,450
up €25,450 (+410%), from €6,200 to €31,650
of which Distributable reserves: +€25,450
- Tax, wage and social debts +€11,877
new in 2025: €11,877
- Taxes +€2,495
up €2,495 (+26.6%), from €9,382 to €11,877
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 | €109,758 | €106,586 | -€3,172 | -2.9% |
| Fixed assets | 21/28 | €68,524 | €58,186 | -€10,338 | -15.1% |
| Tangible fixed assets | 22/27 | €68,524 | €58,186 | -€10,338 | -15.1% |
| Land and buildings | 22 | €60,092 | €53,878 | -€6,213 | -10.3% |
| Plant, machinery and equipment | 23 | €8,433 | €4,308 | -€4,125 | -48.9% |
| Current assets | 29/58 | €41,233 | €48,399 | +€7,166 | +17.4% |
| Amounts receivable within one year | 40/41 | €5,118 | €11,000 | +€5,882 | +115% |
| Other amounts receivable | 41 | €5,118 | €11,000 | +€5,882 | +115% |
| Cash at bank and in hand | 54/58 | €35,372 | €36,475 | +€1,103 | +3.1% |
| Deferred charges and accrued income | 490/1 | €743 | €924 | +€181 | +24.4% |
| Total equity and liabilities | 10/49 | €109,758 | €106,586 | -€3,172 | -2.9% |
| Equity | 10/15 | €69,222 | €94,673 | +€25,451 | +36.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €31,650 | +€25,450 | +410% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €25,450 | +€25,450 | |
| Profit (loss) carried forward | 14 | €1,022 | €1,023 | +€1 | +0.1% |
| Amounts payable | 17/49 | €40,536 | €11,913 | -€28,623 | -70.6% |
| Amounts payable within one year | 42/48 | €40,536 | €11,877 | -€28,659 | -70.7% |
| Taxes, remuneration and social security | 45 | - | €11,877 | +€11,877 | |
| Taxes | 450/3 | - | €11,877 | +€11,877 | |
| Other amounts payable | 47/48 | €40,536 | - | -€40,536 | |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,338 | €10,338 | = | 0.0% |
| Other operating charges | 640/8 | €8,755 | €9,032 | +€277 | +3.2% |
| Gross operating margin | 9900 | €56,836 | €56,843 | +€7 | 0.0% |
| Operating profit (loss) | 9901 | €37,744 | €37,474 | -€270 | -0.7% |
| Financial charges | 65/66B | €216 | €146 | -€70 | -32.4% |
| Recurring financial charges | 65 | €216 | €146 | -€70 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €37,527 | €37,328 | -€200 | -0.5% |
| Income taxes | 67/77 | €9,382 | €11,877 | +€2,495 | +26.6% |
| Profit (loss) for the period | 9904 | €28,145 | €25,451 | -€2,695 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,145 | €25,451 | -€2,695 | -9.6% |
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 17 October 2026 via checked.be.