TM - Beheer: 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 - Beheer
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€14,050
down €14,050 (-77.9%), from €18,046 to €3,996
- Taxes -€3,888
down €3,888 (-91.9%), from €4,232 to €345
- Depreciation -€2,040
down €2,040 (-51.9%), from €3,931 to €1,891
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,167 | €248,266 | +€1,099 | +0.4% |
| Fixed assets | 21/28 | €27,836 | €27,670 | -€166 | -0.6% |
| Tangible fixed assets | 22/27 | €27,836 | €27,670 | -€166 | -0.6% |
| Land and buildings | 22 | €27,836 | €27,670 | -€166 | -0.6% |
| Current assets | 29/58 | €219,331 | €220,596 | +€1,265 | +0.6% |
| Amounts receivable within one year | 40/41 | €1,776 | €2,305 | +€530 | +29.8% |
| Trade receivables | 40 | - | €1,211 | +€1,211 | |
| Other amounts receivable | 41 | €1,776 | €1,094 | -€681 | -38.4% |
| Cash at bank and in hand | 54/58 | €217,556 | €218,291 | +€736 | +0.3% |
| Total equity and liabilities | 10/49 | €247,167 | €248,266 | +€1,099 | +0.4% |
| Equity | 10/15 | €247,167 | €248,029 | +€862 | +0.3% |
| Contributions | 10/11 | €77,100 | €77,100 | = | 0.0% |
| Reserves | 13 | €170,067 | €170,929 | +€862 | +0.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,659 | €33,659 | = | 0.0% |
| Distributable reserves | 133 | €134,549 | €135,411 | +€862 | +0.6% |
| Amounts payable | 17/49 | - | €237 | +€237 | |
| Amounts payable within one year | 42/48 | - | €237 | +€237 | |
| Other amounts payable | 47/48 | - | €237 | +€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,931 | €1,891 | -€2,040 | -51.9% |
| Other operating charges | 640/8 | €2,247 | €2,316 | +€69 | +3.1% |
| Gross operating margin | 9900 | €18,046 | €3,996 | -€14,050 | -77.9% |
| Operating profit (loss) | 9901 | €11,868 | -€212 | -€12,079 | |
| Financial income | 75/76B | €1,613 | €1,463 | -€150 | -9.3% |
| Recurring financial income | 75 | €1,613 | €1,463 | -€150 | -9.3% |
| Financial charges | 65/66B | €45 | €45 | -€0 | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,435 | €1,206 | -€12,229 | -91.0% |
| Income taxes | 67/77 | €4,232 | €345 | -€3,888 | -91.9% |
| Profit (loss) for the period | 9904 | €9,203 | €862 | -€8,341 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,203 | €862 | -€8,341 | -90.6% |
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 10 October 2026 via checked.be.