TG-ME: 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.
TG-ME
Largest movements
- Tangible fixed assets +€82,437
up €82,437 (+191%), from €43,103 to €125,540
of which Furniture and vehicles: +€81,304
- Cash +€15,306
up €15,306 (+222%), from €6,905 to €22,211
mainly Debts after one year (+€76,425) and Depreciation (+€17,795)
- Stocks and contracts -€12,426
down €12,426 (-35.7%), from €34,799 to €22,372
- Receivables within one year +€6,752
up €6,752 (+15.0%), from €44,907 to €51,659
of which Other amounts receivable: +€6,387
- Debts after one year +€76,425
up €76,425 (+271%), from €28,227 to €104,652
- Trade debts -€23,440
down €23,440 (-55.9%), from €41,955 to €18,515
- Reserves +€13,183
up €13,183 (+50.1%), from €26,328 to €39,510
- Accrued charges and deferred income +€12,550
up €12,550 (+2,160%), from €581 to €13,131
- Current portion of long-term debt +€11,411
up €11,411 (+144%), from €7,909 to €19,319
- Staff costs +€36,411
new in 2025: €36,411
- Gross operating margin +€17,530
up €17,530 (+30.4%), from €57,609 to €75,139
- Write-downs -€7,309
no longer reported in 2025 (was €7,309)
- Depreciation +€6,239
up €6,239 (+54.0%), from €11,556 to €17,795
- Taxes -€2,995
down €2,995 (-36.8%), from €8,137 to €5,142
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 | €132,146 | €222,627 | +€90,481 | +68.5% |
| Fixed assets | 21/28 | €43,465 | €125,540 | +€82,075 | +189% |
| Intangible fixed assets | 21 | €362 | - | -€362 | |
| Tangible fixed assets | 22/27 | €43,103 | €125,540 | +€82,437 | +191% |
| Plant, machinery and equipment | 23 | €288 | €1,421 | +€1,133 | +393% |
| Furniture and vehicles | 24 | €42,815 | €124,119 | +€81,304 | +190% |
| Current assets | 29/58 | €88,681 | €97,087 | +€8,406 | +9.5% |
| Stocks and contracts in progress | 3 | €34,799 | €22,372 | -€12,426 | -35.7% |
| Stocks | 30/36 | €34,799 | €22,372 | -€12,426 | -35.7% |
| Amounts receivable within one year | 40/41 | €44,907 | €51,659 | +€6,752 | +15.0% |
| Trade receivables | 40 | €44,251 | €44,616 | +€365 | +0.8% |
| Other amounts receivable | 41 | €656 | €7,043 | +€6,387 | +973% |
| Cash at bank and in hand | 54/58 | €6,905 | €22,211 | +€15,306 | +222% |
| Deferred charges and accrued income | 490/1 | €2,070 | €845 | -€1,225 | -59.2% |
| Total equity and liabilities | 10/49 | €132,146 | €222,627 | +€90,481 | +68.5% |
| Equity | 10/15 | €31,328 | €44,510 | +€13,183 | +42.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,328 | €39,510 | +€13,183 | +50.1% |
| Distributable reserves | 133 | €26,328 | €39,510 | +€13,183 | +50.1% |
| Amounts payable | 17/49 | €100,818 | €178,116 | +€77,298 | +76.7% |
| Amounts payable after more than one year | 17 | €28,227 | €104,652 | +€76,425 | +271% |
| Financial debts | 170/4 | €28,227 | €104,652 | +€76,425 | +271% |
| Amounts payable within one year | 42/48 | €72,010 | €60,333 | -€11,677 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €7,909 | €19,319 | +€11,411 | +144% |
| Trade debts | 44 | €41,955 | €18,515 | -€23,440 | -55.9% |
| Suppliers | 440/4 | €41,955 | €18,515 | -€23,440 | -55.9% |
| Taxes, remuneration and social security | 45 | €14,537 | €21,601 | +€7,064 | +48.6% |
| Taxes | 450/3 | €10,837 | €15,980 | +€5,142 | +47.4% |
| Remuneration and social security | 454/9 | €3,700 | €5,622 | +€1,922 | +51.9% |
| Other amounts payable | 47/48 | €7,610 | €898 | -€6,712 | -88.2% |
| Accrued charges and deferred income | 492/3 | €581 | €13,131 | +€12,550 | +2,160% |
| Remuneration, social security and pensions | 62 | - | €36,411 | +€36,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,556 | €17,795 | +€6,239 | +54.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,309 | - | -€7,309 | |
| Other operating charges | 640/8 | €1,867 | €588 | -€1,280 | -68.5% |
| Gross operating margin | 9900 | €57,609 | €75,139 | +€17,530 | +30.4% |
| Operating profit (loss) | 9901 | €36,877 | €20,345 | -€16,531 | -44.8% |
| Financial income | 75/76B | €1,378 | €477 | -€901 | -65.4% |
| Recurring financial income | 75 | €1,378 | €477 | -€901 | -65.4% |
| Financial charges | 65/66B | €3,789 | €2,497 | -€1,292 | -34.1% |
| Recurring financial charges | 65 | €3,789 | €2,497 | -€1,292 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €34,465 | €18,325 | -€16,140 | -46.8% |
| Income taxes | 67/77 | €8,137 | €5,142 | -€2,995 | -36.8% |
| Profit (loss) for the period | 9904 | €26,328 | €13,183 | -€13,145 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,328 | €13,183 | -€13,145 | -49.9% |
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 24 October 2026 via checked.be.