TGM CONSULT: 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.
TGM CONSULT
Largest movements
- Cash -€60,733
down €60,733 (-67.6%), from €89,781 to €29,048
mainly Other debts (-€30,000) and Net result for the year (-€24,787)
- Receivables within one year -€11,850
down €11,850 (-44.9%), from €26,368 to €14,518
of which Other amounts receivable: -€12,547
- Other debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Profit (loss) carried forward -€24,787
down €24,787 (-43.7%), from €56,706 to €31,920
- Tax, wage and social debts -€19,155
down €19,155 (-78.5%), from €24,392 to €5,237
- Taxes -€15,842
down €15,842 (-96.4%), from €16,440 to €598
- Turnover +€15,480
up €15,480 (+10.8%), from €143,450 to €158,930
- Gross operating margin +€13,656
up €13,656 (+14.8%), from €92,089 to €105,745
- Other operating charges -€4,742
down €4,742 (-86.7%), from €5,468 to €727
- Purchases and services +€1,610
up €1,610 (+3.0%), from €53,546 to €55,156
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 | €121,129 | €47,707 | -€73,423 | -60.6% |
| Fixed assets | 21/28 | €2,903 | €2,621 | -€282 | -9.7% |
| Tangible fixed assets | 22/27 | €2,903 | €2,621 | -€282 | -9.7% |
| Furniture and vehicles | 24 | €2,903 | €2,310 | -€594 | -20.5% |
| Other tangible fixed assets | 26 | - | €312 | +€312 | |
| Current assets | 29/58 | €118,226 | €45,086 | -€73,140 | -61.9% |
| Amounts receivable within one year | 40/41 | €26,368 | €14,518 | -€11,850 | -44.9% |
| Trade receivables | 40 | €10,209 | €10,905 | +€696 | +6.8% |
| Other amounts receivable | 41 | €16,159 | €3,613 | -€12,547 | -77.6% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €89,781 | €29,048 | -€60,733 | -67.6% |
| Deferred charges and accrued income | 490/1 | €2,077 | €1,520 | -€557 | -26.8% |
| Total equity and liabilities | 10/49 | €121,129 | €47,707 | -€73,423 | -60.6% |
| Equity | 10/15 | €62,706 | €37,920 | -€24,787 | -39.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,706 | €31,920 | -€24,787 | -43.7% |
| Amounts payable | 17/49 | €58,423 | €9,787 | -€48,636 | -83.2% |
| Amounts payable within one year | 42/48 | €58,423 | €9,787 | -€48,636 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €4,031 | €4,550 | +€519 | +12.9% |
| Suppliers | 440/4 | €4,031 | €4,550 | +€519 | +12.9% |
| Taxes, remuneration and social security | 45 | €24,392 | €5,237 | -€19,155 | -78.5% |
| Taxes | 450/3 | €24,392 | €5,237 | -€19,155 | -78.5% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Turnover | 70 | €143,450 | €158,930 | +€15,480 | +10.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,546 | €55,156 | +€1,610 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €1,058 | +€347 | +48.7% |
| Other operating charges | 640/8 | €5,468 | €727 | -€4,742 | -86.7% |
| Non-recurring operating charges | 66A | €0 | €126,193 | +€126,193 | +1261927400.0% |
| Gross operating margin | 9900 | €92,089 | €105,745 | +€13,656 | +14.8% |
| Operating profit (loss) | 9901 | €85,910 | -€22,233 | -€108,142 | |
| Financial income | 75/76B | €0 | €129 | +€129 | +1292900.0% |
| Recurring financial income | 75 | €0 | €129 | +€129 | +1292900.0% |
| Financial charges | 65/66B | €2,699 | €2,085 | -€614 | -22.7% |
| Recurring financial charges | 65 | €2,699 | €2,085 | -€614 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €83,211 | -€24,188 | -€107,399 | |
| Income taxes | 67/77 | €16,440 | €598 | -€15,842 | -96.4% |
| Profit (loss) for the period | 9904 | €66,771 | -€24,787 | -€91,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,771 | -€24,787 | -€91,557 |
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 5 October 2026 via checked.be.