TBME: 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.
TBME
Largest movements
- Cash -€505,186
down €505,186 (-89.0%), from €567,466 to €62,280
mainly Contributions, distributions and other (-€1.0m) and Receivables within one year (-€27,801)
- Current investments -€446,699
down €446,699 (-100.0%), from €446,699 to €0
- Receivables within one year +€27,801
up €27,801 (+166.5%), from €16,698 to €44,499
of which Trade receivables: +€16,698
- Deferred charges and accrued income +€18,639
up €18,639 (+54.2%), from €34,410 to €53,050
- Profit (loss) carried forward -€910,678
down €910,678 (-53.2%), from €1.7m to €800,182
- Gross operating margin -€58,576
down €58,576 (-40.6%), from €144,208 to €85,632
- Financial income +€14,179
up €14,179 (+31.1%), from €45,585 to €59,763
- Taxes -€11,144
down €11,144 (-26.1%), from €42,772 to €31,628
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 | €1,755,237 | €847,459 | -€907,777 | -51.7% |
| Fixed assets | 21/28 | €317,964 | €315,631 | -€2,333 | -0.7% |
| Tangible fixed assets | 22/27 | €5,964 | €3,431 | -€2,533 | -42.5% |
| Furniture and vehicles | 24 | €5,964 | €3,431 | -€2,533 | -42.5% |
| Financial fixed assets | 28 | €312,000 | €312,200 | +€200 | +0.1% |
| Current assets | 29/58 | €1,437,273 | €531,829 | -€905,444 | -63.0% |
| Amounts receivable after more than one year | 29 | €372,000 | €372,000 | = | 0.0% |
| Other amounts receivable | 291 | €372,000 | €372,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,698 | €44,499 | +€27,801 | +166.5% |
| Trade receivables | 40 | €16,698 | €33,396 | +€16,698 | +100.0% |
| Other amounts receivable | 41 | €0 | €11,103 | +€11,103 | |
| Current investments | 50/53 | €446,699 | €0 | -€446,699 | -100.0% |
| Cash at bank and in hand | 54/58 | €567,466 | €62,280 | -€505,186 | -89.0% |
| Deferred charges and accrued income | 490/1 | €34,410 | €53,050 | +€18,639 | +54.2% |
| Total equity and liabilities | 10/49 | €1,755,237 | €847,459 | -€907,777 | -51.7% |
| Equity | 10/15 | €1,710,960 | €800,282 | -€910,678 | -53.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,710,860 | €800,182 | -€910,678 | -53.2% |
| Amounts payable | 17/49 | €44,277 | €47,177 | +€2,900 | +6.6% |
| Amounts payable within one year | 42/48 | €44,277 | €47,177 | +€2,900 | +6.6% |
| Trade debts | 44 | €260 | €1,016 | +€755 | +290.0% |
| Suppliers | 440/4 | €260 | €1,016 | +€755 | +290.0% |
| Taxes, remuneration and social security | 45 | €44,016 | €43,695 | -€322 | -0.7% |
| Taxes | 450/3 | €44,016 | €43,695 | -€322 | -0.7% |
| Other amounts payable | 47/48 | - | €2,467 | +€2,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,020 | €2,533 | +€513 | +25.4% |
| Other operating charges | 640/8 | €1,344 | €1,930 | +€586 | +43.6% |
| Non-recurring operating charges | 66A | €30,580 | €0 | -€30,580 | -100.0% |
| Gross operating margin | 9900 | €144,208 | €85,632 | -€58,576 | -40.6% |
| Operating profit (loss) | 9901 | €110,264 | €81,169 | -€29,095 | -26.4% |
| Financial income | 75/76B | €45,585 | €59,763 | +€14,179 | +31.1% |
| Recurring financial income | 75 | €45,585 | €59,763 | +€14,179 | +31.1% |
| Financial charges | 65/66B | €368 | €431 | +€63 | +17.2% |
| Recurring financial charges | 65 | €368 | €431 | +€63 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €155,481 | €140,501 | -€14,980 | -9.6% |
| Income taxes | 67/77 | €42,772 | €31,628 | -€11,144 | -26.1% |
| Profit (loss) for the period | 9904 | €112,709 | €108,873 | -€3,836 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,709 | €108,873 | -€3,836 | -3.4% |
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 9 October 2026 via checked.be.