TGEMC: 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.
TGEMC
Largest movements
- Receivables within one year +€21,590
up €21,590 (+196.7%), from €10,974 to €32,563
of which Trade receivables: +€21,566
- Stocks and contracts +€1,076
up €1,076 (+215.1%), from €500 to €1,576
- Cash +€1,066
up €1,066 (+35.8%), from €2,977 to €4,043
mainly Tax, wage and social debts (+€31,238) and Depreciation (+€825)
- Tangible fixed assets -€825
down €825 (-43.2%), from €1,910 to €1,084
- Tax, wage and social debts +€31,238
up €31,238 (+895.6%), from €3,488 to €34,726
- Profit (loss) carried forward -€3,771
down €3,771 (-40.0%), from -€9,428 to -€13,199
- Other debts -€3,492
down €3,492 (-16.8%), from €20,731 to €17,239
- Trade debts -€1,111
no longer reported in 2025 (was €1,111)
- Other operating charges -€6,274
down €6,274 (-94.0%), from €6,677 to €403
- Financial charges +€3,807
up €3,807, from -€2,012 to €1,795
- Taxes +€3,253
up €3,253 (+274.2%), from €1,186 to €4,439
- Financial income -€2,316
down €2,316 (-90.5%), from €2,559 to €244
- Staff costs +€1,690
new in 2025: €1,690
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 | €16,402 | €39,266 | +€22,864 | +139.4% |
| Fixed assets | 21/28 | €1,910 | €1,084 | -€825 | -43.2% |
| Tangible fixed assets | 22/27 | €1,910 | €1,084 | -€825 | -43.2% |
| Furniture and vehicles | 24 | €1,910 | €1,084 | -€825 | -43.2% |
| Current assets | 29/58 | €14,493 | €38,182 | +€23,689 | +163.5% |
| Stocks and contracts in progress | 3 | €500 | €1,576 | +€1,076 | +215.1% |
| Stocks | 30/36 | €500 | €1,576 | +€1,076 | +215.1% |
| Amounts receivable within one year | 40/41 | €10,974 | €32,563 | +€21,590 | +196.7% |
| Trade receivables | 40 | €10,974 | €32,539 | +€21,566 | +196.5% |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €2,977 | €4,043 | +€1,066 | +35.8% |
| Deferred charges and accrued income | 490/1 | €43 | - | -€43 | |
| Total equity and liabilities | 10/49 | €16,402 | €39,266 | +€22,864 | +139.4% |
| Equity | 10/15 | -€8,928 | -€12,699 | -€3,771 | -42.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,428 | -€13,199 | -€3,771 | -40.0% |
| Amounts payable | 17/49 | €25,330 | €51,965 | +€26,635 | +105.2% |
| Amounts payable within one year | 42/48 | €25,330 | €51,965 | +€26,635 | +105.2% |
| Trade debts | 44 | €1,111 | - | -€1,111 | |
| Suppliers | 440/4 | €1,111 | - | -€1,111 | |
| Taxes, remuneration and social security | 45 | €3,488 | €34,726 | +€31,238 | +895.6% |
| Taxes | 450/3 | €3,488 | €34,726 | +€31,238 | +895.6% |
| Other amounts payable | 47/48 | €20,731 | €17,239 | -€3,492 | -16.8% |
| Remuneration, social security and pensions | 62 | - | €1,690 | +€1,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €825 | +€107 | +14.9% |
| Other operating charges | 640/8 | €6,677 | €403 | -€6,274 | -94.0% |
| Gross operating margin | 9900 | €3,587 | €5,137 | +€1,550 | +43.2% |
| Operating profit (loss) | 9901 | -€3,808 | €2,219 | +€6,027 | |
| Financial income | 75/76B | €2,559 | €244 | -€2,316 | -90.5% |
| Recurring financial income | 75 | €2,559 | €244 | -€2,316 | -90.5% |
| Financial charges | 65/66B | -€2,012 | €1,795 | +€3,807 | |
| Recurring financial charges | 65 | -€2,012 | €1,795 | +€3,807 | |
| Profit (loss) for the period before taxes | 9903 | €763 | €668 | -€95 | -12.5% |
| Income taxes | 67/77 | €1,186 | €4,439 | +€3,253 | +274.2% |
| Profit (loss) for the period | 9904 | -€423 | -€3,771 | -€3,348 | -791.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€423 | -€3,771 | -€3,348 | -791.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.