T.M.S.B.: 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.B.
Largest movements
- Stocks and contracts -€21,694
down €21,694 (-50.7%), from €42,750 to €21,056
- Cash +€17,081
up €17,081 (+629%), from €2,714 to €19,795
mainly Stocks and contracts (+€21,694) and Accrued charges and deferred income (+€4,783)
- Receivables within one year +€11,200
up €11,200 (+132%), from €8,500 to €19,700
- Accrued charges and deferred income +€4,783
up €4,783 (+31.6%), from €15,135 to €19,918
- Tax, wage and social debts -€4,552
down €4,552 (-71.4%), from €6,375 to €1,823
- Profit (loss) carried forward +€4,149
up €4,149, from -€3,216 to €933
- Trade debts +€2,207
new in 2025: €2,207
- Gross operating margin +€5,085
up €5,085 (+704%), from €722 to €5,807
- Taxes +€1,427
up €1,427 (+3,568%), from €40 to €1,467
- Financial charges -€92
down €92 (-32.5%), from €283 to €191
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 | €53,964 | €60,551 | +€6,587 | +12.2% |
| Current assets | 29/58 | €53,964 | €60,551 | +€6,587 | +12.2% |
| Stocks and contracts in progress | 3 | €42,750 | €21,056 | -€21,694 | -50.7% |
| Stocks | 30/36 | €42,750 | €21,056 | -€21,694 | -50.7% |
| Amounts receivable within one year | 40/41 | €8,500 | €19,700 | +€11,200 | +132% |
| Trade receivables | 40 | €8,500 | €19,700 | +€11,200 | +132% |
| Cash at bank and in hand | 54/58 | €2,714 | €19,795 | +€17,081 | +629% |
| Total equity and liabilities | 10/49 | €53,964 | €60,551 | +€6,587 | +12.2% |
| Equity | 10/15 | €15,376 | €19,525 | +€4,149 | +27.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,216 | €933 | +€4,149 | |
| Amounts payable | 17/49 | €38,588 | €41,026 | +€2,438 | +6.3% |
| Amounts payable within one year | 42/48 | €23,453 | €21,108 | -€2,345 | -10.0% |
| Trade debts | 44 | - | €2,207 | +€2,207 | |
| Suppliers | 440/4 | - | €2,207 | +€2,207 | |
| Taxes, remuneration and social security | 45 | €6,375 | €1,823 | -€4,552 | -71.4% |
| Taxes | 450/3 | €6,375 | €1,823 | -€4,552 | -71.4% |
| Other amounts payable | 47/48 | €17,078 | €17,078 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,135 | €19,918 | +€4,783 | +31.6% |
| Gross operating margin | 9900 | €722 | €5,807 | +€5,085 | +704% |
| Operating profit (loss) | 9901 | €722 | €5,807 | +€5,085 | +704% |
| Financial charges | 65/66B | €283 | €191 | -€92 | -32.5% |
| Recurring financial charges | 65 | €283 | €191 | -€92 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €439 | €5,616 | +€5,177 | +1,179% |
| Income taxes | 67/77 | €40 | €1,467 | +€1,427 | +3,568% |
| Profit (loss) for the period | 9904 | €399 | €4,149 | +€3,750 | +940% |
| Profit (loss) for the period to be appropriated | 9905 | €399 | €4,149 | +€3,750 | +940% |
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 27 October 2026 via checked.be.