T.M.T.: 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.T.
Largest movements
- Receivables within one year +€52,894
up €52,894 (+26.8%), from €197,620 to €250,514
of which Trade receivables: +€116,677
- Cash -€10,744
down €10,744 (-43.0%), from €24,995 to €14,251
mainly Receivables within one year (-€52,894) and Investment in fixed assets (net) (-€11,343)
- Deferred charges and accrued income +€3,490
new in 2025: €3,490
- Trade debts +€31,009
up €31,009 (+49.7%), from €62,395 to €93,404
- Profit (loss) carried forward +€16,637
up €16,637 (+10.0%), from €166,943 to €183,581
- Current portion of long-term debt -€5,590
down €5,590 (-76.9%), from €7,270 to €1,680
- Gross operating margin +€10,045
up €10,045 (+40.0%), from €25,134 to €35,178
- Depreciation +€3,733
up €3,733 (+35.6%), from €10,491 to €14,224
- Financial income -€782
down €782 (-21.9%), from €3,570 to €2,788
- Taxes +€703
up €703 (+16.2%), from €4,331 to €5,034
- Other operating charges -€518
down €518 (-26.7%), from €1,941 to €1,424
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 | €251,500 | €294,260 | +€42,760 | +17.0% |
| Fixed assets | 21/28 | €28,885 | €26,004 | -€2,881 | -10.0% |
| Tangible fixed assets | 22/27 | €28,885 | €26,004 | -€2,881 | -10.0% |
| Plant, machinery and equipment | 23 | €2,573 | €825 | -€1,747 | -67.9% |
| Furniture and vehicles | 24 | €8,231 | €13,819 | +€5,587 | +67.9% |
| Leasing and similar rights | 25 | €18,081 | €11,360 | -€6,720 | -37.2% |
| Current assets | 29/58 | €222,615 | €268,256 | +€45,640 | +20.5% |
| Amounts receivable within one year | 40/41 | €197,620 | €250,514 | +€52,894 | +26.8% |
| Trade receivables | 40 | €118,303 | €234,980 | +€116,677 | +98.6% |
| Other amounts receivable | 41 | €79,318 | €15,534 | -€63,783 | -80.4% |
| Cash at bank and in hand | 54/58 | €24,995 | €14,251 | -€10,744 | -43.0% |
| Deferred charges and accrued income | 490/1 | - | €3,490 | +€3,490 | |
| Total equity and liabilities | 10/49 | €251,500 | €294,260 | +€42,760 | +17.0% |
| Equity | 10/15 | €175,003 | €191,641 | +€16,637 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,943 | €183,581 | +€16,637 | +10.0% |
| Amounts payable | 17/49 | €76,497 | €102,619 | +€26,122 | +34.1% |
| Amounts payable within one year | 42/48 | €76,497 | €102,619 | +€26,122 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €7,270 | €1,680 | -€5,590 | -76.9% |
| Trade debts | 44 | €62,395 | €93,404 | +€31,009 | +49.7% |
| Suppliers | 440/4 | €62,395 | €93,404 | +€31,009 | +49.7% |
| Taxes, remuneration and social security | 45 | €6,831 | €7,534 | +€703 | +10.3% |
| Taxes | 450/3 | €6,831 | €7,534 | +€703 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,491 | €14,224 | +€3,733 | +35.6% |
| Other operating charges | 640/8 | €1,941 | €1,424 | -€518 | -26.7% |
| Gross operating margin | 9900 | €25,134 | €35,178 | +€10,045 | +40.0% |
| Operating profit (loss) | 9901 | €12,701 | €19,531 | +€6,829 | +53.8% |
| Financial income | 75/76B | €3,570 | €2,788 | -€782 | -21.9% |
| Recurring financial income | 75 | €3,570 | €2,788 | -€782 | -21.9% |
| Financial charges | 65/66B | €516 | €647 | +€130 | +25.3% |
| Recurring financial charges | 65 | €516 | €647 | +€130 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €15,755 | €21,672 | +€5,917 | +37.6% |
| Income taxes | 67/77 | €4,331 | €5,034 | +€703 | +16.2% |
| Profit (loss) for the period | 9904 | €11,424 | €16,637 | +€5,214 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,424 | €16,637 | +€5,214 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.