T2CM: 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.
T2CM
Largest movements
- Cash +€27,534
up €27,534 (+112.1%), from €24,557 to €52,091
mainly Net result for the year (+€21,592) and Depreciation (+€4,417)
- Tangible fixed assets -€4,417
down €4,417 (-32.9%), from €13,409 to €8,992
of which Other tangible fixed assets: -€2,464
- Deferred charges and accrued income -€2,903
down €2,903 (-56.9%), from €5,106 to €2,203
- Receivables within one year -€2,060
down €2,060 (-9.0%), from €22,790 to €20,729
of which Trade receivables: -€2,018
- Profit (loss) carried forward +€14,592
up €14,592, from -€14,463 to €129
- Reserves +€7,000
up €7,000 (+13.8%), from €50,860 to €57,860
- Trade debts -€2,826
down €2,826 (-36.0%), from €7,856 to €5,030
- Gross operating margin +€44,305
up €44,305, from -€6,467 to €37,838
- Taxes +€8,027
up €8,027 (+3641.4%), from €220 to €8,247
- Other operating charges +€437
up €437 (+38.6%), from €1,132 to €1,569
- Depreciation -€409
down €409 (-8.5%), from €4,825 to €4,417
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 | €66,061 | €84,016 | +€17,955 | +27.2% |
| Fixed assets | 21/28 | €13,609 | €8,992 | -€4,617 | -33.9% |
| Tangible fixed assets | 22/27 | €13,409 | €8,992 | -€4,417 | -32.9% |
| Furniture and vehicles | 24 | €5,014 | €3,061 | -€1,953 | -39.0% |
| Other tangible fixed assets | 26 | €8,395 | €5,932 | -€2,464 | -29.3% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €52,452 | €75,024 | +€22,571 | +43.0% |
| Amounts receivable within one year | 40/41 | €22,790 | €20,729 | -€2,060 | -9.0% |
| Trade receivables | 40 | €17,940 | €15,922 | -€2,018 | -11.2% |
| Other amounts receivable | 41 | €4,850 | €4,808 | -€42 | -0.9% |
| Cash at bank and in hand | 54/58 | €24,557 | €52,091 | +€27,534 | +112.1% |
| Deferred charges and accrued income | 490/1 | €5,106 | €2,203 | -€2,903 | -56.9% |
| Total equity and liabilities | 10/49 | €66,061 | €84,016 | +€17,955 | +27.2% |
| Equity | 10/15 | €37,397 | €58,989 | +€21,592 | +57.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,860 | €57,860 | +€7,000 | +13.8% |
| Distributable reserves | 133 | €50,860 | €57,860 | +€7,000 | +13.8% |
| Profit (loss) carried forward | 14 | -€14,463 | €129 | +€14,592 | |
| Amounts payable | 17/49 | €28,664 | €25,026 | -€3,637 | -12.7% |
| Amounts payable within one year | 42/48 | €28,436 | €24,816 | -€3,620 | -12.7% |
| Trade debts | 44 | €7,856 | €5,030 | -€2,826 | -36.0% |
| Suppliers | 440/4 | €7,856 | €5,030 | -€2,826 | -36.0% |
| Taxes, remuneration and social security | 45 | €11,585 | €11,078 | -€507 | -4.4% |
| Taxes | 450/3 | €11,585 | €11,078 | -€507 | -4.4% |
| Other amounts payable | 47/48 | €8,995 | €8,708 | -€288 | -3.2% |
| Accrued charges and deferred income | 492/3 | €228 | €211 | -€17 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €4,417 | -€409 | -8.5% |
| Other operating charges | 640/8 | €1,132 | €1,569 | +€437 | +38.6% |
| Gross operating margin | 9900 | -€6,467 | €37,838 | +€44,305 | |
| Operating profit (loss) | 9901 | -€12,425 | €31,852 | +€44,277 | |
| Financial income | 75/76B | €241 | €17 | -€224 | -92.8% |
| Recurring financial income | 75 | €241 | €17 | -€224 | -92.8% |
| Financial charges | 65/66B | €2,335 | €2,030 | -€305 | -13.0% |
| Recurring financial charges | 65 | €2,335 | €2,030 | -€305 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,519 | €29,839 | +€44,358 | |
| Income taxes | 67/77 | €220 | €8,247 | +€8,027 | +3641.4% |
| Profit (loss) for the period | 9904 | -€14,739 | €21,592 | +€36,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,739 | €21,592 | +€36,331 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.