TM CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€12,362
up €12,362 (+24.1%), from €51,229 to €63,591
of which Trade receivables: +€11,446
- Deferred charges and accrued income -€1,611
down €1,611 (-51.9%), from €3,105 to €1,495
- Cash -€1,330
down €1,330 (-38.0%), from €3,499 to €2,169
mainly Receivables within one year (-€12,362) and Trade debts (-€6,485)
- Tax, wage and social debts +€11,211
up €11,211 (+23.3%), from €48,134 to €59,345
of which Remuneration and social security: +€11,000
- Trade debts -€6,485
down €6,485 (-51.6%), from €12,569 to €6,084
- Reserves +€4,516
up €4,516 (+40.1%), from €11,256 to €15,772
of which Distributable reserves: +€4,516
- Gross operating margin +€16,966
up €16,966, from -€7,386 to €9,580
- Financial charges +€1,538
up €1,538 (+53.7%), from €2,867 to €4,405
- Other operating charges -€1,267
down €1,267 (-58.0%), from €2,185 to €918
- Taxes +€441
up €441 (+177%), from €248 to €689
- Financial income +€292
up €292 (+34.9%), from €836 to €1,128
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.
Derived cash bridge
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 | €64,749 | €73,991 | +€9,242 | +14.3% |
| Fixed assets | 21/28 | €6,915 | €6,736 | -€180 | -2.6% |
| Tangible fixed assets | 22/27 | €565 | €386 | -€180 | -31.8% |
| Plant, machinery and equipment | 23 | €565 | €386 | -€180 | -31.8% |
| Financial fixed assets | 28 | €6,350 | €6,350 | = | 0.0% |
| Current assets | 29/58 | €57,833 | €67,255 | +€9,422 | +16.3% |
| Amounts receivable within one year | 40/41 | €51,229 | €63,591 | +€12,362 | +24.1% |
| Trade receivables | 40 | €25,728 | €37,174 | +€11,446 | +44.5% |
| Other amounts receivable | 41 | €25,502 | €26,417 | +€916 | +3.6% |
| Cash at bank and in hand | 54/58 | €3,499 | €2,169 | -€1,330 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,105 | €1,495 | -€1,611 | -51.9% |
| Total equity and liabilities | 10/49 | €64,749 | €73,991 | +€9,242 | +14.3% |
| Equity | 10/15 | €4,046 | €8,562 | +€4,516 | +112% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,256 | €15,772 | +€4,516 | +40.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,396 | €13,912 | +€4,516 | +48.1% |
| Profit (loss) carried forward | 14 | -€13,410 | -€13,410 | = | 0.0% |
| Amounts payable | 17/49 | €60,702 | €65,429 | +€4,726 | +7.8% |
| Amounts payable within one year | 42/48 | €60,702 | €65,429 | +€4,726 | +7.8% |
| Trade debts | 44 | €12,569 | €6,084 | -€6,485 | -51.6% |
| Suppliers | 440/4 | €12,569 | €6,084 | -€6,485 | -51.6% |
| Taxes, remuneration and social security | 45 | €48,134 | €59,345 | +€11,211 | +23.3% |
| Taxes | 450/3 | €48,134 | €48,345 | +€211 | +0.4% |
| Remuneration and social security | 454/9 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €180 | = | 0.0% |
| Other operating charges | 640/8 | €2,185 | €918 | -€1,267 | -58.0% |
| Gross operating margin | 9900 | -€7,386 | €9,580 | +€16,966 | |
| Operating profit (loss) | 9901 | -€9,751 | €8,482 | +€18,233 | |
| Financial income | 75/76B | €836 | €1,128 | +€292 | +34.9% |
| Recurring financial income | 75 | €836 | €1,128 | +€292 | +34.9% |
| Financial charges | 65/66B | €2,867 | €4,405 | +€1,538 | +53.7% |
| Recurring financial charges | 65 | €2,867 | €4,405 | +€1,538 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,781 | €5,205 | +€16,986 | |
| Income taxes | 67/77 | €248 | €689 | +€441 | +177% |
| Profit (loss) for the period | 9904 | -€12,029 | €4,516 | +€16,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,029 | €4,516 | +€16,545 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.