TM Accounting: 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 Accounting
Largest movements
- Cash -€42,653
down €42,653 (-50.6%), from €84,261 to €41,608
mainly Other debts (-€68,238) and Receivables within one year (-€26,404)
- Receivables within one year +€26,404
up €26,404 (+60.4%), from €43,712 to €70,116
- Other debts -€68,238
down €68,238 (-96.6%), from €70,607 to €2,369
- Reserves +€59,220
up €59,220 (+42.7%), from €138,636 to €197,856
- Debts after one year -€20,277
down €20,277 (-30.1%), from €67,343 to €47,066
- Tax, wage and social debts +€9,916
up €9,916 (+43.5%), from €22,799 to €32,714
- Gross operating margin +€22,171
up €22,171 (+29.2%), from €76,044 to €98,215
- Taxes +€13,514
up €13,514 (+77.6%), from €17,416 to €30,930
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 | €324,303 | €306,254 | -€18,049 | -5.6% |
| Fixed assets | 21/28 | €195,526 | €193,167 | -€2,359 | -1.2% |
| Tangible fixed assets | 22/27 | €10,151 | €7,792 | -€2,359 | -23.2% |
| Plant, machinery and equipment | 23 | €811 | €586 | -€225 | -27.7% |
| Furniture and vehicles | 24 | €9,340 | €7,206 | -€2,135 | -22.9% |
| Financial fixed assets | 28 | €185,374 | €185,374 | = | 0.0% |
| Current assets | 29/58 | €128,777 | €113,087 | -€15,690 | -12.2% |
| Amounts receivable within one year | 40/41 | €43,712 | €70,116 | +€26,404 | +60.4% |
| Trade receivables | 40 | €43,712 | €70,116 | +€26,404 | +60.4% |
| Cash at bank and in hand | 54/58 | €84,261 | €41,608 | -€42,653 | -50.6% |
| Deferred charges and accrued income | 490/1 | €804 | €1,364 | +€560 | +69.6% |
| Total equity and liabilities | 10/49 | €324,303 | €306,254 | -€18,049 | -5.6% |
| Equity | 10/15 | €143,636 | €202,856 | +€59,220 | +41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €138,636 | €197,856 | +€59,220 | +42.7% |
| Distributable reserves | 133 | €138,636 | €197,856 | +€59,220 | +42.7% |
| Amounts payable | 17/49 | €180,667 | €103,398 | -€77,269 | -42.8% |
| Amounts payable after more than one year | 17 | €67,343 | €47,066 | -€20,277 | -30.1% |
| Financial debts | 170/4 | €67,343 | €47,066 | -€20,277 | -30.1% |
| Amounts payable within one year | 42/48 | €113,325 | €56,332 | -€56,992 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €19,892 | €20,277 | +€385 | +1.9% |
| Trade debts | 44 | €27 | €972 | +€945 | +3,523% |
| Suppliers | 440/4 | €27 | €972 | +€945 | +3,523% |
| Taxes, remuneration and social security | 45 | €22,799 | €32,714 | +€9,916 | +43.5% |
| Taxes | 450/3 | €22,799 | €32,714 | +€9,916 | +43.5% |
| Other amounts payable | 47/48 | €70,607 | €2,369 | -€68,238 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,645 | €2,359 | -€286 | -10.8% |
| Other operating charges | 640/8 | €451 | €937 | +€486 | +108% |
| Gross operating margin | 9900 | €76,044 | €98,215 | +€22,171 | +29.2% |
| Operating profit (loss) | 9901 | €72,948 | €94,918 | +€21,971 | +30.1% |
| Financial charges | 65/66B | €3,922 | €4,769 | +€847 | +21.6% |
| Recurring financial charges | 65 | €3,922 | €4,769 | +€847 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €69,026 | €90,150 | +€21,123 | +30.6% |
| Income taxes | 67/77 | €17,416 | €30,930 | +€13,514 | +77.6% |
| Profit (loss) for the period | 9904 | €51,611 | €59,220 | +€7,609 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,611 | €59,220 | +€7,609 | +14.7% |
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 16 October 2026 via checked.be.