TB Management Consulting: 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.
TB Management Consulting
Largest movements
- Receivables within one year +€77,921
up €77,921 (+273%), from €28,589 to €106,510
of which Trade receivables: +€48,400
- Deferred charges and accrued income +€62,930
new in 2025: €62,930
- Tangible fixed assets +€58,205
new in 2025: €58,205
- Cash -€38,605
down €38,605 (-61.8%), from €62,469 to €23,863
mainly Receivables within one year (-€77,921) and Deferred charges and accrued income (-€62,930)
- Reserves +€95,596
up €95,596 (+164%), from €58,232 to €153,828
- Trade debts +€57,825
up €57,825 (+19,366%), from €299 to €58,123
- Tax, wage and social debts +€7,029
up €7,029 (+23.8%), from €29,527 to €36,556
- Gross operating margin +€52,171
up €52,171 (+71.0%), from €73,523 to €125,693
- Taxes +€13,759
up €13,759 (+93.3%), from €14,745 to €28,503
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 | €91,057 | €251,508 | +€160,450 | +176% |
| Fixed assets | 21/28 | - | €58,205 | +€58,205 | |
| Tangible fixed assets | 22/27 | - | €58,205 | +€58,205 | |
| Furniture and vehicles | 24 | - | €58,205 | +€58,205 | |
| Current assets | 29/58 | €91,057 | €193,303 | +€102,245 | +112% |
| Amounts receivable within one year | 40/41 | €28,589 | €106,510 | +€77,921 | +273% |
| Trade receivables | 40 | €24,200 | €72,600 | +€48,400 | +200% |
| Other amounts receivable | 41 | €4,389 | €33,910 | +€29,521 | +673% |
| Cash at bank and in hand | 54/58 | €62,469 | €23,863 | -€38,605 | -61.8% |
| Deferred charges and accrued income | 490/1 | - | €62,930 | +€62,930 | |
| Total equity and liabilities | 10/49 | €91,057 | €251,508 | +€160,450 | +176% |
| Equity | 10/15 | €61,232 | €156,828 | +€95,596 | +156% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,232 | €153,828 | +€95,596 | +164% |
| Distributable reserves | 133 | €58,232 | €153,828 | +€95,596 | +164% |
| Amounts payable | 17/49 | €29,826 | €94,680 | +€64,854 | +217% |
| Amounts payable within one year | 42/48 | €29,826 | €94,680 | +€64,854 | +217% |
| Trade debts | 44 | €299 | €58,123 | +€57,825 | +19,366% |
| Suppliers | 440/4 | €299 | €58,123 | +€57,825 | +19,366% |
| Taxes, remuneration and social security | 45 | €29,527 | €36,556 | +€7,029 | +23.8% |
| Taxes | 450/3 | €29,527 | €36,556 | +€7,029 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €652 | +€652 | |
| Other operating charges | 640/8 | €387 | €570 | +€182 | +47.1% |
| Gross operating margin | 9900 | €73,523 | €125,693 | +€52,171 | +71.0% |
| Operating profit (loss) | 9901 | €73,135 | €124,471 | +€51,336 | +70.2% |
| Financial charges | 65/66B | €159 | €372 | +€213 | +134% |
| Recurring financial charges | 65 | €159 | €372 | +€213 | +134% |
| Profit (loss) for the period before taxes | 9903 | €72,977 | €124,100 | +€51,123 | +70.1% |
| Income taxes | 67/77 | €14,745 | €28,503 | +€13,759 | +93.3% |
| Profit (loss) for the period | 9904 | €58,232 | €95,596 | +€37,364 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,232 | €95,596 | +€37,364 | +64.2% |
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 30 October 2026 via checked.be.