TJM CONSULTING: 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.
TJM CONSULTING
Largest movements
- Current investments -€84,009
down €84,009 (-74.0%), from €113,525 to €29,516
- Tangible fixed assets +€76,444
up €76,444 (+18.5%), from €412,669 to €489,113
- Cash -€24,727
down €24,727 (-68.9%), from €35,907 to €11,179
mainly Investment in fixed assets (net) (-€93,785) and Contributions, distributions and other (-€60,000)
- Debts after one year -€36,782
down €36,782 (-10.2%), from €359,801 to €323,019
- Reserves +€15,344
up €15,344 (+10.1%), from €152,267 to €167,611
- Other debts -€11,972
down €11,972 (-27.4%), from €43,613 to €31,641
- Depreciation -€45,726
down €45,726 (-72.5%), from €63,066 to €17,340
- Gross operating margin +€16,482
up €16,482 (+15.3%), from €107,846 to €124,328
- Financial income -€16,239
down €16,239 (-72.5%), from €22,389 to €6,150
- Taxes +€10,711
up €10,711 (+131%), from €8,205 to €18,916
- Financial charges +€4,669
up €4,669 (+47.5%), from €9,828 to €14,497
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 | €611,615 | €579,899 | -€31,715 | -5.2% |
| Fixed assets | 21/28 | €412,669 | €489,113 | +€76,444 | +18.5% |
| Tangible fixed assets | 22/27 | €412,669 | €489,113 | +€76,444 | +18.5% |
| Land and buildings | 22 | €412,669 | €489,113 | +€76,444 | +18.5% |
| Current assets | 29/58 | €198,946 | €90,786 | -€108,160 | -54.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,376 | €48,198 | +€822 | +1.7% |
| Trade receivables | 40 | €31,269 | €47,068 | +€15,800 | +50.5% |
| Other amounts receivable | 41 | €16,107 | €1,130 | -€14,978 | -93.0% |
| Current investments | 50/53 | €113,525 | €29,516 | -€84,009 | -74.0% |
| Cash at bank and in hand | 54/58 | €35,907 | €11,179 | -€24,727 | -68.9% |
| Deferred charges and accrued income | 490/1 | €2,139 | €1,893 | -€246 | -11.5% |
| Total equity and liabilities | 10/49 | €611,615 | €579,899 | -€31,715 | -5.2% |
| Equity | 10/15 | €157,267 | €172,611 | +€15,344 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,267 | €167,611 | +€15,344 | +10.1% |
| Distributable reserves | 133 | €152,267 | €167,611 | +€15,344 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €454,348 | €407,288 | -€47,059 | -10.4% |
| Amounts payable after more than one year | 17 | €359,801 | €323,019 | -€36,782 | -10.2% |
| Financial debts | 170/4 | €359,801 | €323,019 | -€36,782 | -10.2% |
| Amounts payable within one year | 42/48 | €94,546 | €84,269 | -€10,277 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €35,466 | €36,782 | +€1,316 | +3.7% |
| Trade debts | 44 | €1,895 | €1,241 | -€654 | -34.5% |
| Suppliers | 440/4 | €1,895 | €1,241 | -€654 | -34.5% |
| Taxes, remuneration and social security | 45 | €13,573 | €14,605 | +€1,033 | +7.6% |
| Taxes | 450/3 | €13,573 | €14,605 | +€1,033 | +7.6% |
| Other amounts payable | 47/48 | €43,613 | €31,641 | -€11,972 | -27.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,066 | €17,340 | -€45,726 | -72.5% |
| Other operating charges | 640/8 | €3,281 | €4,382 | +€1,100 | +33.5% |
| Gross operating margin | 9900 | €107,846 | €124,328 | +€16,482 | +15.3% |
| Operating profit (loss) | 9901 | €41,499 | €102,606 | +€61,107 | +147% |
| Financial income | 75/76B | €22,389 | €6,150 | -€16,239 | -72.5% |
| Recurring financial income | 75 | €22,389 | €6,150 | -€16,239 | -72.5% |
| Financial charges | 65/66B | €9,828 | €14,497 | +€4,669 | +47.5% |
| Recurring financial charges | 65 | €9,828 | €14,497 | +€4,669 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €54,060 | €94,260 | +€40,199 | +74.4% |
| Income taxes | 67/77 | €8,205 | €18,916 | +€10,711 | +131% |
| Profit (loss) for the period | 9904 | €45,856 | €75,344 | +€29,488 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,856 | €75,344 | +€29,488 | +64.3% |
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 28 October 2026 via checked.be.