TM 28 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.
TM 28 CONSULTING
Largest movements
- Receivables within one year +€42,900
up €42,900 (+21.6%), from €198,197 to €241,097
of which Other amounts receivable: +€29,832
- Intangible fixed assets -€8,000
down €8,000 (-8.9%), from €90,352 to €82,352
- Current investments +€4,482
up €4,482 (+46.4%), from €9,663 to €14,145
- Profit (loss) carried forward +€17,495
up €17,495 (+11.3%), from €154,437 to €171,932
- Tax, wage and social debts +€9,969
up €9,969 (+65.8%), from €15,147 to €25,116
- Debts after one year +€6,598
up €6,598 (+5.8%), from €112,858 to €119,456
- Current portion of long-term debt +€3,914
up €3,914 (+60.9%), from €6,431 to €10,345
- Gross operating margin -€11,640
down €11,640 (-22.9%), from €50,736 to €39,096
- Taxes -€2,864
down €2,864 (-31.9%), from €8,987 to €6,123
- Financial charges +€1,358
up €1,358 (+64.3%), from €2,112 to €3,470
- Depreciation -€954
down €954 (-8.2%), from €11,606 to €10,652
- Financial income -€916
down €916 (-64.6%), from €1,418 to €502
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 | €315,112 | €352,117 | +€37,005 | +11.7% |
| Fixed assets | 21/28 | €101,724 | €91,072 | -€10,652 | -10.5% |
| Intangible fixed assets | 21 | €90,352 | €82,352 | -€8,000 | -8.9% |
| Tangible fixed assets | 22/27 | €11,372 | €8,720 | -€2,652 | -23.3% |
| Furniture and vehicles | 24 | €11,372 | €8,720 | -€2,652 | -23.3% |
| Current assets | 29/58 | €213,388 | €261,045 | +€47,657 | +22.3% |
| Amounts receivable within one year | 40/41 | €198,197 | €241,097 | +€42,900 | +21.6% |
| Trade receivables | 40 | €20,026 | €33,094 | +€13,068 | +65.3% |
| Other amounts receivable | 41 | €178,171 | €208,003 | +€29,832 | +16.7% |
| Current investments | 50/53 | €9,663 | €14,145 | +€4,482 | +46.4% |
| Cash at bank and in hand | 54/58 | €5,528 | €5,803 | +€275 | +5.0% |
| Total equity and liabilities | 10/49 | €315,112 | €352,117 | +€37,005 | +11.7% |
| Equity | 10/15 | €160,937 | €178,432 | +€17,495 | +10.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,437 | €171,932 | +€17,495 | +11.3% |
| Amounts payable | 17/49 | €154,175 | €173,685 | +€19,510 | +12.7% |
| Amounts payable after more than one year | 17 | €112,858 | €119,456 | +€6,598 | +5.8% |
| Financial debts | 170/4 | €112,858 | €119,456 | +€6,598 | +5.8% |
| Amounts payable within one year | 42/48 | €41,317 | €54,229 | +€12,912 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €6,431 | €10,345 | +€3,914 | +60.9% |
| Trade debts | 44 | €19,739 | €18,768 | -€971 | -4.9% |
| Suppliers | 440/4 | €19,739 | €18,768 | -€971 | -4.9% |
| Taxes, remuneration and social security | 45 | €15,147 | €25,116 | +€9,969 | +65.8% |
| Taxes | 450/3 | €15,147 | €25,116 | +€9,969 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,606 | €10,652 | -€954 | -8.2% |
| Other operating charges | 640/8 | €2,177 | €1,858 | -€319 | -14.7% |
| Gross operating margin | 9900 | €50,736 | €39,096 | -€11,640 | -22.9% |
| Operating profit (loss) | 9901 | €36,953 | €26,586 | -€10,367 | -28.1% |
| Financial income | 75/76B | €1,418 | €502 | -€916 | -64.6% |
| Recurring financial income | 75 | €1,418 | €502 | -€916 | -64.6% |
| Financial charges | 65/66B | €2,112 | €3,470 | +€1,358 | +64.3% |
| Recurring financial charges | 65 | €2,112 | €3,470 | +€1,358 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €36,259 | €23,618 | -€12,641 | -34.9% |
| Income taxes | 67/77 | €8,987 | €6,123 | -€2,864 | -31.9% |
| Profit (loss) for the period | 9904 | €27,272 | €17,495 | -€9,777 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,272 | €17,495 | -€9,777 | -35.8% |
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 23 October 2026 via checked.be.