T.P.M. MANAGEMENT SERVICES: what changed
What changed
T.P.M. MANAGEMENT SERVICES
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€29,081
2024 · -€36,810+€7,729
Equity
€8,679
2024 · €37,760-€29,081
Cash
€1,574
2024 · €1,521+€54
Balance sheet total
€570,558
2024 · €533,893+€36,665
Largest movements
Assets
- Receivables within one year +€71,423
up €71,423 (+81.6%), from €87,569 to €158,992
of which Trade receivables: +€53,770
- Tangible fixed assets -€34,554
down €34,554 (-14.4%), from €239,821 to €205,268
of which Land and buildings: -€34,413
Equity and liabilities
- Trade debts +€52,634
up €52,634 (+97.8%), from €53,812 to €106,446
- Reserves -€18,260
down €18,260 (-100%), from €18,260 to €0
- Profit (loss) carried forward -€10,821
new in 2025: -€10,821
- Tax, wage and social debts +€7,357
up €7,357 (+58.6%), from €12,556 to €19,914
of which Remuneration and social security: +€7,357
- Other debts +€5,810
up €5,810 (+1.4%), from €429,710 to €435,520
Income statement
- Services and other goods +€25,969
up €25,969 (+42.5%), from €61,039 to €87,009
- Other operating income +€25,298
up €25,298 (+178%), from €14,177 to €39,474
- Financial charges -€11,174
down €11,174 (-55.4%), from €20,154 to €8,980
- Staff costs +€4,590
up €4,590 (+5.1%), from €89,458 to €94,048
- Financial income -€1,863
down €1,863 (-99.6%), from €1,870 to €7
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€36,810
Turnover
+€516
Other operating income
+€25,298
Services and other goods
-€25,969
Staff costs
-€4,590
Other operating charges
+€888
Other operating items
+€2,278
Financial income
-€1,863
Financial charges
+€11,174
Taxes
-€2
Result 2025
-€29,081
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54
Investment
€0
Financing
€0
Cash 2024
€1,521
From operations (derived)
+€54
Net result for the year
-€29,081
Depreciation
+€34,554
Receivables within one year
-€71,423
Deferred charges and accrued income
+€258
Trade debts
+€52,634
Tax, wage and social debts
+€7,357
Other debts
+€5,810
Accrued charges and deferred income
-€55
Cash 2025
€1,574
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,893 | €570,558 | +€36,665 | +6.9% |
| Fixed assets | 21/28 | €444,546 | €409,992 | -€34,554 | -7.8% |
| Tangible fixed assets | 22/27 | €239,821 | €205,268 | -€34,554 | -14.4% |
| Land and buildings | 22 | €239,540 | €205,127 | -€34,413 | -14.4% |
| Furniture and vehicles | 24 | €281 | €141 | -€140 | -50.0% |
| Financial fixed assets | 28 | €204,724 | €204,724 | = | 0.0% |
| Affiliated companies | 280/1 | €204,724 | €204,724 | = | 0.0% |
| Participating interests | 280 | €204,724 | €204,724 | = | 0.0% |
| Current assets | 29/58 | €89,347 | €160,566 | +€71,219 | +79.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €87,569 | €158,992 | +€71,423 | +81.6% |
| Trade receivables | 40 | €75,754 | €129,524 | +€53,770 | +71.0% |
| Other amounts receivable | 41 | €11,815 | €29,469 | +€17,654 | +149% |
| Cash at bank and in hand | 54/58 | €1,521 | €1,574 | +€54 | +3.5% |
| Deferred charges and accrued income | 490/1 | €258 | €0 | -€258 | -100% |
| Total equity and liabilities | 10/49 | €533,893 | €570,558 | +€36,665 | +6.9% |
| Equity | 10/15 | €37,760 | €8,679 | -€29,081 | -77.0% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €18,260 | €0 | -€18,260 | -100% |
| Distributable reserves | 133 | €18,260 | €0 | -€18,260 | -100% |
| Profit (loss) carried forward | 14 | - | -€10,821 | -€10,821 | |
| Amounts payable | 17/49 | €496,133 | €561,880 | +€65,747 | +13.3% |
| Amounts payable within one year | 42/48 | €496,079 | €561,880 | +€65,801 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €53,812 | €106,446 | +€52,634 | +97.8% |
| Suppliers | 440/4 | €53,812 | €106,446 | +€52,634 | +97.8% |
| Taxes, remuneration and social security | 45 | €12,556 | €19,914 | +€7,357 | +58.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €12,556 | €19,914 | +€7,357 | +58.6% |
| Other amounts payable | 47/48 | €429,710 | €435,520 | +€5,810 | +1.4% |
| Accrued charges and deferred income | 492/3 | €55 | €0 | -€55 | -100% |
| Operating income | 70/76A | €172,420 | €200,775 | +€28,355 | +16.4% |
| Turnover | 70 | €158,243 | €158,759 | +€516 | +0.3% |
| Other operating income | 74 | €14,177 | €39,474 | +€25,298 | +178% |
| Non-recurring operating income | 76A | - | €2,542 | +€2,542 | |
| Operating charges | 60/66A | €190,947 | €220,882 | +€29,935 | +15.7% |
| Services and other goods | 61 | €61,039 | €87,009 | +€25,969 | +42.5% |
| Remuneration, social security and pensions | 62 | €89,458 | €94,048 | +€4,590 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,554 | €34,554 | = | 0.0% |
| Other operating charges | 640/8 | €5,896 | €5,008 | -€888 | -15.1% |
| Non-recurring operating charges | 66A | - | €264 | +€264 | |
| Operating profit (loss) | 9901 | -€18,527 | -€20,107 | -€1,579 | -8.5% |
| Financial income | 75/76B | €1,870 | €7 | -€1,863 | -99.6% |
| Recurring financial income | 75 | €1,870 | €7 | -€1,863 | -99.6% |
| Income from current assets | 751 | €1,870 | €7 | -€1,863 | -99.6% |
| Financial charges | 65/66B | €20,154 | €8,980 | -€11,174 | -55.4% |
| Recurring financial charges | 65 | €20,154 | €8,980 | -€11,174 | -55.4% |
| Debt charges | 650 | €19,577 | €8,897 | -€10,680 | -54.6% |
| Other financial charges | 652/9 | €577 | €83 | -€494 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,810 | -€29,079 | +€7,731 | +21.0% |
| Income taxes | 67/77 | €0 | €2 | +€2 | |
| Taxes | 670/3 | €0 | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€36,810 | -€29,081 | +€7,729 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,810 | -€29,081 | +€7,729 | +21.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.