TGMAN: 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.
What changed
TGMAN
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€56,397
2024 · €22,159+€34,238
Equity
€8.0m
2024 · €2.3m+€5.7m
Cash
€70,229
2024 · €708,241-€638,012
Balance sheet total
€18.6m
2024 · €12.9m+€5.8m
Largest movements
Assets
- Financial fixed assets +€5.7m
up €5.7m (+46.9%), from €12.1m to €17.7m
- Receivables within one year +€767,197
up €767,197 (+988.5%), from €77,614 to €844,812
of which Other amounts receivable: +€562,337
- Cash -€638,012
down €638,012 (-90.1%), from €708,241 to €70,229
mainly Investment in fixed assets (net) (-€5.7m) and Receivables within one year (-€767,197)
Equity and liabilities
- Contributions +€5.7m
up €5.7m (+282.9%), from €2.0m to €7.7m
Income statement
- Financial charges -€77,957
down €77,957 (-30.4%), from €256,658 to €178,701
- Services and other goods +€40,801
up €40,801 (+8.9%), from €457,950 to €498,751
- Taxes +€15,171
up €15,171, from -€14,040 to €1,130
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.
Result 2024
€22,159
Other operating income
-€3,398
Services and other goods
-€40,801
Depreciation
+€249
Other operating charges
+€733
Other operating items
+€11,398
Financial income
+€3,271
Financial charges
+€77,957
Taxes
-€15,171
Result 2025
€56,397
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.
From operations
-€636,164
Investment
-€5.7m
Financing
+€5.7m
Cash 2024
€708,241
From operations (derived)
-€636,164
Net result for the year
+€56,397
Depreciation
+€749
Receivables within one year
-€767,197
Smaller working-capital items
-€8,846
Other debts
-€52,069
Accrued charges and deferred income
+€134,803
Investment (derived)
-€5.7m
Investment in fixed assets (net)
-€5.7m
Financing
+€5.7m
Debts after one year
-€3,450
Contributions, distributions and other
+€5.7m
Cash 2025
€70,229
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,852,645 | €18,635,174 | +€5.8m | +45.0% |
| Fixed assets | 21/28 | €12,064,351 | €17,719,646 | +€5.7m | +46.9% |
| Tangible fixed assets | 22/27 | €2,351 | - | -€2,351 | |
| Furniture and vehicles | 24 | €2,351 | - | -€2,351 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €12,062,000 | €17,719,646 | +€5.7m | +46.9% |
| Affiliated companies | 280/1 | €12,062,000 | €17,719,646 | +€5.7m | +46.9% |
| Participating interests | 280 | €12,062,000 | €17,719,646 | +€5.7m | +46.9% |
| Current assets | 29/58 | €788,294 | €915,528 | +€127,234 | +16.1% |
| Amounts receivable within one year | 40/41 | €77,614 | €844,812 | +€767,197 | +988.5% |
| Trade receivables | 40 | €77,340 | €282,200 | +€204,860 | +264.9% |
| Other amounts receivable | 41 | €274 | €562,612 | +€562,337 | +205075.5% |
| Cash at bank and in hand | 54/58 | €708,241 | €70,229 | -€638,012 | -90.1% |
| Deferred charges and accrued income | 490/1 | €2,439 | €488 | -€1,951 | -80.0% |
| Total equity and liabilities | 10/49 | €12,852,645 | €18,635,174 | +€5.8m | +45.0% |
| Equity | 10/15 | €2,303,846 | €8,017,890 | +€5.7m | +248.0% |
| Contributions | 10/11 | €2,000,000 | €7,657,646 | +€5.7m | +282.9% |
| Reserves | 13 | €119,000 | €119,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,800 | €5,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,800 | €5,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,041 | €31,041 | = | 0.0% |
| Distributable reserves | 133 | €82,159 | €82,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,846 | €241,243 | +€56,397 | +30.5% |
| Amounts payable | 17/49 | €10,548,798 | €10,617,285 | +€68,486 | +0.6% |
| Amounts payable after more than one year | 17 | €8,445,395 | €8,441,945 | -€3,450 | 0.0% |
| Financial debts | 170/4 | €8,441,945 | €5,900,000 | -€2.5m | -30.1% |
| Other loans | 174 | €8,441,945 | €5,900,000 | -€2.5m | -30.1% |
| Other amounts payable | 178/9 | €3,450 | €2,541,945 | +€2.5m | +73579.6% |
| Amounts payable within one year | 42/48 | €764,105 | €701,239 | -€62,866 | -8.2% |
| Trade debts | 44 | €22,606 | €16,484 | -€6,122 | -27.1% |
| Suppliers | 440/4 | €22,606 | €16,484 | -€6,122 | -27.1% |
| Taxes, remuneration and social security | 45 | €41,267 | €36,592 | -€4,675 | -11.3% |
| Taxes | 450/3 | €41,267 | €36,592 | -€4,675 | -11.3% |
| Other amounts payable | 47/48 | €700,231 | €648,162 | -€52,069 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,339,299 | €1,474,101 | +€134,803 | +10.1% |
| Operating income | 70/76A | €675,398 | €683,398 | +€8,000 | +1.2% |
| Turnover | 70 | €672,000 | €672,000 | = | 0.0% |
| Other operating income | 74 | €3,398 | - | -€3,398 | |
| Non-recurring operating income | 76A | - | €11,398 | +€11,398 | |
| Operating charges | 60/66A | €461,800 | €501,619 | +€39,820 | +8.6% |
| Services and other goods | 61 | €457,950 | €498,751 | +€40,801 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €749 | -€249 | -24.9% |
| Other operating charges | 640/8 | €2,852 | €2,119 | -€733 | -25.7% |
| Operating profit (loss) | 9901 | €213,598 | €181,779 | -€31,820 | -14.9% |
| Financial income | 75/76B | €51,179 | €54,450 | +€3,271 | +6.4% |
| Recurring financial income | 75 | €51,179 | €54,450 | +€3,271 | +6.4% |
| Income from financial fixed assets | 750 | €50,000 | €54,450 | +€4,450 | +8.9% |
| Other financial income | 752/9 | €1,179 | - | -€1,179 | |
| Financial charges | 65/66B | €256,658 | €178,701 | -€77,957 | -30.4% |
| Recurring financial charges | 65 | €256,658 | €178,701 | -€77,957 | -30.4% |
| Debt charges | 650 | €255,589 | €177,336 | -€78,252 | -30.6% |
| Other financial charges | 652/9 | €1,069 | €1,365 | +€296 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €8,119 | €57,527 | +€49,408 | +608.6% |
| Income taxes | 67/77 | -€14,040 | €1,130 | +€15,171 | |
| Taxes | 670/3 | - | €1,130 | +€1,130 | |
| Tax adjustments and reversals of tax provisions | 77 | €14,040 | - | -€14,040 | |
| Profit (loss) for the period | 9904 | €22,159 | €56,397 | +€34,238 | +154.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,159 | €56,397 | +€34,238 | +154.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.