T-MEC: what changed
Two fiscal 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-MEC
Largest movements
- Tangible fixed assets +€9,147
up €9,147 (+29.3%), from €31,197 to €40,344
of which Furniture and vehicles: +€10,156
- Receivables within one year +€6,356
up €6,356 (+61.6%), from €10,319 to €16,676
of which Trade receivables: +€6,396
- Reserves +€35,398
up €35,398 (+14.3%), from €247,614 to €283,012
- Trade debts -€8,100
down €8,100 (-87.6%), from €9,246 to €1,146
- Other debts -€4,914
down €4,914 (-20.6%), from €23,874 to €18,960
- Debts after one year -€4,835
down €4,835 (-47.6%), from €10,150 to €5,316
- Gross operating margin -€15,261
down €15,261 (-31.3%), from €48,773 to €33,512
- Financial income +€14,995
up €14,995 (+99.9%), from €15,006 to €30,000
- Taxes -€4,900
down €4,900 (-30.2%), from €16,220 to €11,320
- Depreciation +€4,640
up €4,640 (+89.3%), from €5,197 to €9,837
- Other operating charges +€696
up €696 (+266.7%), from €261 to €957
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.
Cash bridge derived
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 | €313,910 | €330,943 | +€17,033 | +5.4% |
| Fixed assets | 21/28 | €281,197 | €290,344 | +€9,147 | +3.3% |
| Tangible fixed assets | 22/27 | €31,197 | €40,344 | +€9,147 | +29.3% |
| Plant, machinery and equipment | 23 | €962 | €747 | -€215 | -22.3% |
| Furniture and vehicles | 24 | €22,311 | €32,467 | +€10,156 | +45.5% |
| Other tangible fixed assets | 26 | €7,925 | €7,130 | -€795 | -10.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €32,713 | €40,599 | +€7,886 | +24.1% |
| Amounts receivable within one year | 40/41 | €10,319 | €16,676 | +€6,356 | +61.6% |
| Trade receivables | 40 | €10,280 | €16,676 | +€6,396 | +62.2% |
| Other amounts receivable | 41 | €40 | - | -€40 | |
| Cash at bank and in hand | 54/58 | €20,411 | €21,527 | +€1,116 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,397 | +€413 | +20.8% |
| Total equity and liabilities | 10/49 | €313,910 | €330,943 | +€17,033 | +5.4% |
| Equity | 10/15 | €256,814 | €292,212 | +€35,398 | +13.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €247,614 | €283,012 | +€35,398 | +14.3% |
| Distributable reserves | 133 | €247,614 | €283,012 | +€35,398 | +14.3% |
| Amounts payable | 17/49 | €57,097 | €38,732 | -€18,365 | -32.2% |
| Amounts payable after more than one year | 17 | €10,150 | €5,316 | -€4,835 | -47.6% |
| Financial debts | 170/4 | €10,150 | €5,316 | -€4,835 | -47.6% |
| Amounts payable within one year | 42/48 | €46,759 | €33,021 | -€13,738 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €5,419 | €4,835 | -€584 | -10.8% |
| Trade debts | 44 | €9,246 | €1,146 | -€8,100 | -87.6% |
| Suppliers | 440/4 | €9,246 | €1,146 | -€8,100 | -87.6% |
| Taxes, remuneration and social security | 45 | €8,220 | €8,080 | -€140 | -1.7% |
| Taxes | 450/3 | €8,220 | €8,080 | -€140 | -1.7% |
| Other amounts payable | 47/48 | €23,874 | €18,960 | -€4,914 | -20.6% |
| Accrued charges and deferred income | 492/3 | €188 | €395 | +€208 | +110.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,197 | €9,837 | +€4,640 | +89.3% |
| Other operating charges | 640/8 | €261 | €957 | +€696 | +266.7% |
| Gross operating margin | 9900 | €48,773 | €33,512 | -€15,261 | -31.3% |
| Operating profit (loss) | 9901 | €43,316 | €22,719 | -€20,597 | -47.6% |
| Financial income | 75/76B | €15,006 | €30,000 | +€14,995 | +99.9% |
| Recurring financial income | 75 | €15,006 | €30,000 | +€14,995 | +99.9% |
| Financial charges | 65/66B | €681 | €701 | +€20 | +2.9% |
| Recurring financial charges | 65 | €681 | €701 | +€20 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €57,640 | €52,018 | -€5,622 | -9.8% |
| Income taxes | 67/77 | €16,220 | €11,320 | -€4,900 | -30.2% |
| Profit (loss) for the period | 9904 | €41,420 | €40,698 | -€722 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,420 | €40,698 | -€722 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.