TM Advisory: 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.
TM Advisory
Largest movements
- Receivables within one year +€7,756
up €7,756 (+90.7%), from €8,550 to €16,306
- Tangible fixed assets +€2,032
new in 2024: €2,032
- Other debts +€12,968
up €12,968 (+28.7%), from €45,208 to €58,175
- Tax, wage and social debts -€4,065
down €4,065 (-37.1%), from €10,949 to €6,884
- Gross operating margin +€46,100
up €46,100 (+210.7%), from €21,878 to €67,978
- Taxes +€9,139
up €9,139 (+194.6%), from €4,697 to €13,836
- Depreciation +€904
new in 2024: €904
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,159 | €83,678 | +€8,519 | +11.3% |
| Fixed assets | 21/28 | - | €2,032 | +€2,032 | |
| Tangible fixed assets | 22/27 | - | €2,032 | +€2,032 | |
| Furniture and vehicles | 24 | - | €2,032 | +€2,032 | |
| Current assets | 29/58 | €75,159 | €81,646 | +€6,486 | +8.6% |
| Amounts receivable within one year | 40/41 | €8,550 | €16,306 | +€7,756 | +90.7% |
| Trade receivables | 40 | €8,550 | €16,306 | +€7,756 | +90.7% |
| Cash at bank and in hand | 54/58 | €65,783 | €65,339 | -€444 | -0.7% |
| Deferred charges and accrued income | 490/1 | €827 | €0 | -€827 | -100.0% |
| Total equity and liabilities | 10/49 | €75,159 | €83,678 | +€8,519 | +11.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,559 | €65,078 | +€8,519 | +15.1% |
| Amounts payable within one year | 42/48 | €56,559 | €65,078 | +€8,519 | +15.1% |
| Trade debts | 44 | €403 | €19 | -€384 | -95.3% |
| Suppliers | 440/4 | €403 | €19 | -€384 | -95.3% |
| Taxes, remuneration and social security | 45 | €10,949 | €6,884 | -€4,065 | -37.1% |
| Taxes | 450/3 | €10,949 | €6,884 | -€4,065 | -37.1% |
| Other amounts payable | 47/48 | €45,208 | €58,175 | +€12,968 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €904 | +€904 | |
| Other operating charges | 640/8 | €384 | €396 | +€11 | +2.9% |
| Gross operating margin | 9900 | €21,878 | €67,978 | +€46,100 | +210.7% |
| Operating profit (loss) | 9901 | €21,494 | €66,678 | +€45,185 | +210.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €35 | €39 | +€4 | +12.0% |
| Recurring financial charges | 65 | €35 | €39 | +€4 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €21,459 | €66,639 | +€45,180 | +210.5% |
| Income taxes | 67/77 | €4,697 | €13,836 | +€9,139 | +194.6% |
| Profit (loss) for the period | 9904 | €16,761 | €52,803 | +€36,041 | +215.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,761 | €52,803 | +€36,041 | +215.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.