T & MM: 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 & MM
Largest movements
- Cash +€13,682
up €13,682 (+128%), from €10,652 to €24,335
mainly Net result for the year (+€20,208) and Receivables within one year (+€11,133)
- Receivables within one year -€11,133
down €11,133 (-69.3%), from €16,074 to €4,941
- Tangible fixed assets -€3,826
down €3,826 (-8.8%), from €43,604 to €39,778
of which Plant, machinery and equipment: -€3,613
- Stocks and contracts +€1,844
up €1,844 (+27.6%), from €6,688 to €8,532
- Profit (loss) carried forward +€20,208
up €20,208 (+49.9%), from -€40,504 to -€20,297
- Current portion of long-term debt -€9,790
down €9,790 (-73.9%), from €13,244 to €3,454
- Trade debts -€9,377
down €9,377 (-62.4%), from €15,034 to €5,657
- Tax, wage and social debts +€8,199
up €8,199 (+160%), from €5,114 to €13,313
of which Taxes: +€6,399
- Other debts -€5,210
down €5,210 (-7.3%), from €71,416 to €66,206
- Gross operating margin +€12,884
up €12,884 (+66.6%), from €19,333 to €32,217
- Taxes +€3,228
new in 2025: €3,228
- Depreciation +€2,663
up €2,663 (+81.8%), from €3,256 to €5,919
- Financial charges +€398
up €398 (+26.6%), from €1,497 to €1,895
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 | €82,068 | €82,644 | +€575 | +0.7% |
| Fixed assets | 21/28 | €48,504 | €44,678 | -€3,826 | -7.9% |
| Tangible fixed assets | 22/27 | €43,604 | €39,778 | -€3,826 | -8.8% |
| Plant, machinery and equipment | 23 | €42,752 | €39,139 | -€3,613 | -8.5% |
| Furniture and vehicles | 24 | €852 | €639 | -€213 | -25.0% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €33,564 | €37,966 | +€4,401 | +13.1% |
| Stocks and contracts in progress | 3 | €6,688 | €8,532 | +€1,844 | +27.6% |
| Stocks | 30/36 | €6,688 | €8,532 | +€1,844 | +27.6% |
| Amounts receivable within one year | 40/41 | €16,074 | €4,941 | -€11,133 | -69.3% |
| Trade receivables | 40 | €16,074 | €4,941 | -€11,133 | -69.3% |
| Cash at bank and in hand | 54/58 | €10,652 | €24,335 | +€13,682 | +128% |
| Deferred charges and accrued income | 490/1 | €150 | €158 | +€8 | +5.2% |
| Total equity and liabilities | 10/49 | €82,068 | €82,644 | +€575 | +0.7% |
| Equity | 10/15 | -€28,931 | -€8,723 | +€20,208 | +69.8% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Contributions outside capital | 11 | €10,200 | €10,200 | = | 0.0% |
| Other | 1109/19 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €1,373 | €1,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,166 | €1,166 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,166 | €1,166 | = | 0.0% |
| Tax-exempt reserves | 132 | €207 | €207 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,504 | -€20,297 | +€20,208 | +49.9% |
| Amounts payable | 17/49 | €110,999 | €91,367 | -€19,632 | -17.7% |
| Amounts payable after more than one year | 17 | €6,191 | €2,737 | -€3,454 | -55.8% |
| Financial debts | 170/4 | €6,191 | €2,737 | -€3,454 | -55.8% |
| Amounts payable within one year | 42/48 | €104,808 | €88,630 | -€16,178 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €13,244 | €3,454 | -€9,790 | -73.9% |
| Trade debts | 44 | €15,034 | €5,657 | -€9,377 | -62.4% |
| Suppliers | 440/4 | €15,034 | €5,657 | -€9,377 | -62.4% |
| Taxes, remuneration and social security | 45 | €5,114 | €13,313 | +€8,199 | +160% |
| Taxes | 450/3 | €5,114 | €11,513 | +€6,399 | +125% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €71,416 | €66,206 | -€5,210 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,256 | €5,919 | +€2,663 | +81.8% |
| Other operating charges | 640/8 | €1,181 | €968 | -€213 | -18.1% |
| Gross operating margin | 9900 | €19,333 | €32,217 | +€12,884 | +66.6% |
| Operating profit (loss) | 9901 | €14,896 | €25,330 | +€10,435 | +70.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,497 | €1,895 | +€398 | +26.6% |
| Recurring financial charges | 65 | €1,497 | €1,895 | +€398 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €13,399 | €23,436 | +€10,037 | +74.9% |
| Income taxes | 67/77 | - | €3,228 | +€3,228 | |
| Profit (loss) for the period | 9904 | €13,399 | €20,208 | +€6,809 | +50.8% |
| Transfer to tax-exempt reserves | 689 | €207 | - | -€207 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,192 | €20,208 | +€7,016 | +53.2% |
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 26 October 2026 via checked.be.