T.M.S.: 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.S.
Largest movements
- Receivables within one year +€6,617
up €6,617 (+503%), from €1,315 to €7,932
of which Other amounts receivable: +€6,574
- Cash -€6,416
down €6,416 (-10.8%), from €59,321 to €52,905
mainly Tax, wage and social debts (-€12,850) and Investment in fixed assets (net) (-€11,997)
- Deferred charges and accrued income +€2,229
up €2,229 (+138%), from €1,616 to €3,845
- Tangible fixed assets +€1,095
up €1,095 (+3.3%), from €33,401 to €34,495
of which Other tangible fixed assets: +€12,459
- Provisions +€16,834
new in 2025: €16,834
- Tax, wage and social debts -€12,850
down €12,850 (-64.0%), from €20,079 to €7,229
of which Taxes: -€12,957
- Short-term financial debts -€4,285
down €4,285 (-73.2%), from €5,857 to €1,572
- Trade debts +€2,969
up €2,969 (+110%), from €2,701 to €5,670
- Gross operating margin -€25,730
down €25,730 (-27.9%), from €92,131 to €66,402
- Taxes -€18,177
down €18,177 (-84.2%), from €21,601 to €3,424
- Provisions +€16,834
new in 2025: €16,834
- Depreciation -€1,622
down €1,622 (-12.9%), from €12,524 to €10,902
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 | €95,653 | €99,178 | +€3,525 | +3.7% |
| Fixed assets | 21/28 | €33,401 | €34,495 | +€1,095 | +3.3% |
| Tangible fixed assets | 22/27 | €33,401 | €34,495 | +€1,095 | +3.3% |
| Furniture and vehicles | 24 | €20,115 | €8,750 | -€11,364 | -56.5% |
| Other tangible fixed assets | 26 | €13,286 | €25,745 | +€12,459 | +93.8% |
| Current assets | 29/58 | €62,252 | €64,683 | +€2,430 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,315 | €7,932 | +€6,617 | +503% |
| Trade receivables | 40 | €1,235 | €1,278 | +€43 | +3.5% |
| Other amounts receivable | 41 | €80 | €6,654 | +€6,574 | +8,231% |
| Cash at bank and in hand | 54/58 | €59,321 | €52,905 | -€6,416 | -10.8% |
| Deferred charges and accrued income | 490/1 | €1,616 | €3,845 | +€2,229 | +138% |
| Total equity and liabilities | 10/49 | €95,653 | €99,178 | +€3,525 | +3.7% |
| Equity | 10/15 | €65,972 | €66,232 | +€260 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,572 | €53,832 | +€260 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,572 | €53,832 | +€260 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €16,834 | +€16,834 | |
| Provisions for liabilities and charges | 160/5 | - | €16,834 | +€16,834 | |
| Pensions and similar obligations | 160 | - | €16,834 | +€16,834 | |
| Amounts payable | 17/49 | €29,681 | €16,111 | -€13,569 | -45.7% |
| Amounts payable within one year | 42/48 | €29,681 | €16,111 | -€13,569 | -45.7% |
| Financial debts | 43 | €5,857 | €1,572 | -€4,285 | -73.2% |
| Credit institutions | 430/8 | €5,857 | €1,572 | -€4,285 | -73.2% |
| Trade debts | 44 | €2,701 | €5,670 | +€2,969 | +110% |
| Suppliers | 440/4 | €2,701 | €5,670 | +€2,969 | +110% |
| Taxes, remuneration and social security | 45 | €20,079 | €7,229 | -€12,850 | -64.0% |
| Taxes | 450/3 | €16,601 | €3,644 | -€12,957 | -78.0% |
| Remuneration and social security | 454/9 | €3,478 | €3,584 | +€106 | +3.1% |
| Other amounts payable | 47/48 | €1,044 | €1,641 | +€597 | +57.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,689 | +€11,689 | |
| Remuneration, social security and pensions | 62 | €31,613 | €31,887 | +€274 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,524 | €10,902 | -€1,622 | -12.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €16,834 | +€16,834 | |
| Other operating charges | 640/8 | €2,236 | €2,506 | +€270 | +12.1% |
| Gross operating margin | 9900 | €92,131 | €66,402 | -€25,730 | -27.9% |
| Operating profit (loss) | 9901 | €45,758 | €4,272 | -€41,486 | -90.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €809 | €588 | -€221 | -27.3% |
| Recurring financial charges | 65 | €809 | €588 | -€221 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €44,949 | €3,684 | -€41,265 | -91.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €21,601 | €3,424 | -€18,177 | -84.2% |
| Profit (loss) for the period | 9904 | €23,348 | €260 | -€23,088 | -98.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €23,348 | €260 | -€23,088 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.