TBMC: 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.
TBMC
Largest movements
- Deferred charges and accrued income +€44,149
up €44,149 (+22577.8%), from €196 to €44,344
- Cash -€31,927
down €31,927 (-39.2%), from €81,470 to €49,543
mainly Contributions, distributions and other (-€143,179) and Deferred charges and accrued income (-€44,149)
- Receivables within one year +€28,376
up €28,376 (+37.2%), from €76,272 to €104,648
of which Trade receivables: +€27,180
- Receivables after one year -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Tangible fixed assets +€2,345
up €2,345 (+126.5%), from €1,854 to €4,200
of which Furniture and vehicles: +€3,316
- Other debts +€118,239
up €118,239 (+18459.9%), from €641 to €118,880
- Profit (loss) carried forward -€91,987
down €91,987 (-100.0%), from €91,987 to €0
- Reserves -€24,190
down €24,190 (-30.6%), from €79,003 to €54,814
- Tax, wage and social debts +€23,633
up €23,633 (+711.5%), from €3,322 to €26,955
- Trade debts -€3,591
down €3,591 (-38.6%), from €9,313 to €5,721
- Financial income -€88,258
down €88,258 (-99.1%), from €89,065 to €807
of which Non-recurring financial income: -€87,247
- Gross operating margin +€31,084
up €31,084 (+153.4%), from €20,259 to €51,343
- Taxes +€16,434
up €16,434 (+351.0%), from €4,682 to €21,115
- Other operating charges -€7,850
down €7,850 (-86.4%), from €9,084 to €1,234
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 | €205,989 | €228,932 | +€22,943 | +11.1% |
| Fixed assets | 21/28 | €8,052 | €10,397 | +€2,345 | +29.1% |
| Tangible fixed assets | 22/27 | €1,854 | €4,200 | +€2,345 | +126.5% |
| Plant, machinery and equipment | 23 | €1,032 | €61 | -€971 | -94.1% |
| Furniture and vehicles | 24 | €822 | €4,139 | +€3,316 | +403.3% |
| Financial fixed assets | 28 | €6,197 | €6,197 | = | 0.0% |
| Current assets | 29/58 | €197,938 | €218,535 | +€20,598 | +10.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Other amounts receivable | 291 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €76,272 | €104,648 | +€28,376 | +37.2% |
| Trade receivables | 40 | €70,625 | €97,805 | +€27,180 | +38.5% |
| Other amounts receivable | 41 | €5,647 | €6,843 | +€1,196 | +21.2% |
| Cash at bank and in hand | 54/58 | €81,470 | €49,543 | -€31,927 | -39.2% |
| Deferred charges and accrued income | 490/1 | €196 | €44,344 | +€44,149 | +22577.8% |
| Total equity and liabilities | 10/49 | €205,989 | €228,932 | +€22,943 | +11.1% |
| Equity | 10/15 | €189,590 | €73,414 | -€116,176 | -61.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,003 | €54,814 | -€24,190 | -30.6% |
| Distributable reserves | 133 | €79,003 | €54,814 | -€24,190 | -30.6% |
| Profit (loss) carried forward | 14 | €91,987 | €0 | -€91,987 | -100.0% |
| Amounts payable | 17/49 | €16,399 | €155,518 | +€139,119 | +848.3% |
| Amounts payable within one year | 42/48 | €16,399 | €155,518 | +€139,119 | +848.3% |
| Financial debts | 43 | €3,124 | €3,963 | +€839 | +26.8% |
| Credit institutions | 430/8 | €3,124 | €3,963 | +€839 | +26.8% |
| Trade debts | 44 | €9,313 | €5,721 | -€3,591 | -38.6% |
| Suppliers | 440/4 | €9,313 | €5,721 | -€3,591 | -38.6% |
| Taxes, remuneration and social security | 45 | €3,322 | €26,955 | +€23,633 | +711.5% |
| Taxes | 450/3 | €3,322 | €26,955 | +€23,633 | +711.5% |
| Other amounts payable | 47/48 | €641 | €118,880 | +€118,239 | +18459.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €1,895 | +€194 | +11.4% |
| Other operating charges | 640/8 | €9,084 | €1,234 | -€7,850 | -86.4% |
| Gross operating margin | 9900 | €20,259 | €51,343 | +€31,084 | +153.4% |
| Operating profit (loss) | 9901 | €9,474 | €48,214 | +€38,740 | +408.9% |
| Financial income | 75/76B | €89,065 | €807 | -€88,258 | -99.1% |
| Recurring financial income | 75 | €1,817 | €807 | -€1,011 | -55.6% |
| Non-recurring financial income | 76B | €87,247 | €0 | -€87,247 | -100.0% |
| Financial charges | 65/66B | €1,038 | €903 | -€135 | -13.0% |
| Recurring financial charges | 65 | €1,038 | €903 | -€135 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €97,502 | €48,118 | -€49,383 | -50.6% |
| Income taxes | 67/77 | €4,682 | €21,115 | +€16,434 | +351.0% |
| Profit (loss) for the period | 9904 | €92,820 | €27,003 | -€65,817 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,820 | €27,003 | -€65,817 | -70.9% |
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 6 October 2026 via checked.be.