TM CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€52,728
down €52,728 (-70.9%), from €74,384 to €21,656
of which Trade receivables: -€54,850
- Tangible fixed assets +€46,193
up €46,193 (+577.9%), from €7,993 to €54,187
of which Leasing and similar rights: +€48,338
- Trade debts -€20,662
down €20,662 (-83.5%), from €24,740 to €4,078
- Debts after one year +€19,101
up €19,101 (+76.2%), from €25,065 to €44,166
- Profit (loss) carried forward -€10,347
down €10,347 (-16.3%), from €63,485 to €53,138
- Tax, wage and social debts -€9,599
down €9,599 (-39.4%), from €24,354 to €14,755
of which Taxes: -€9,599
- Other debts +€7,806
up €7,806 (+5.6%), from €139,956 to €147,762
- Gross operating margin -€22,661
down €22,661 (-69.3%), from €32,712 to €10,051
- Depreciation +€6,889
up €6,889 (+518.4%), from €1,329 to €8,218
- Other operating charges +€5,795
up €5,795 (+326.6%), from €1,774 to €7,570
- Taxes -€5,384
down €5,384 (-91.5%), from €5,882 to €498
- Staff costs +€1,410
up €1,410, from -€947 to €463
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 | €313,768 | €307,732 | -€6,035 | -1.9% |
| Fixed assets | 21/28 | €238,997 | €284,933 | +€45,937 | +19.2% |
| Intangible fixed assets | 21 | €313 | €56 | -€257 | -82.0% |
| Tangible fixed assets | 22/27 | €7,993 | €54,187 | +€46,193 | +577.9% |
| Furniture and vehicles | 24 | €7,993 | €5,849 | -€2,145 | -26.8% |
| Leasing and similar rights | 25 | - | €48,338 | +€48,338 | |
| Financial fixed assets | 28 | €230,690 | €230,690 | = | 0.0% |
| Current assets | 29/58 | €74,771 | €22,799 | -€51,972 | -69.5% |
| Amounts receivable within one year | 40/41 | €74,384 | €21,656 | -€52,728 | -70.9% |
| Trade receivables | 40 | €55,950 | €1,100 | -€54,850 | -98.0% |
| Other amounts receivable | 41 | €18,434 | €20,556 | +€2,122 | +11.5% |
| Cash at bank and in hand | 54/58 | €387 | €116 | -€272 | -70.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €313,768 | €307,732 | -€6,035 | -1.9% |
| Equity | 10/15 | €83,945 | €73,598 | -€10,347 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,485 | €53,138 | -€10,347 | -16.3% |
| Amounts payable | 17/49 | €229,823 | €234,135 | +€4,312 | +1.9% |
| Amounts payable after more than one year | 17 | €25,065 | €44,166 | +€19,101 | +76.2% |
| Financial debts | 170/4 | €25,065 | €44,166 | +€19,101 | +76.2% |
| Amounts payable within one year | 42/48 | €204,758 | €189,968 | -€14,790 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,664 | €19,329 | +€7,665 | +65.7% |
| Trade debts | 44 | €24,740 | €4,078 | -€20,662 | -83.5% |
| Suppliers | 440/4 | €24,740 | €4,078 | -€20,662 | -83.5% |
| Advances received on contracts in progress | 46 | €4,044 | €4,044 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,354 | €14,755 | -€9,599 | -39.4% |
| Taxes | 450/3 | €24,354 | €14,755 | -€9,599 | -39.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €139,956 | €147,762 | +€7,806 | +5.6% |
| Non-recurring operating income | 76A | - | €19,008 | +€19,008 | |
| Remuneration, social security and pensions | 62 | -€947 | €463 | +€1,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329 | €8,218 | +€6,889 | +518.4% |
| Other operating charges | 640/8 | €1,774 | €7,570 | +€5,795 | +326.6% |
| Gross operating margin | 9900 | €32,712 | €10,051 | -€22,661 | -69.3% |
| Operating profit (loss) | 9901 | €30,556 | -€6,199 | -€36,755 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €3,248 | €3,658 | +€410 | +12.6% |
| Recurring financial charges | 65 | €3,248 | €3,658 | +€410 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €27,308 | -€9,849 | -€37,157 | |
| Income taxes | 67/77 | €5,882 | €498 | -€5,384 | -91.5% |
| Profit (loss) for the period | 9904 | €21,426 | -€10,347 | -€31,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,426 | -€10,347 | -€31,773 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.