TM CONSULTING: 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 CONSULTING
Largest movements
- Cash -€39,818
down €39,818 (-45.1%), from €88,242 to €48,424
mainly Investment in fixed assets (net) (-€48,093) and Contributions, distributions and other (-€25,000)
- Tangible fixed assets +€34,165
up €34,165 (+1736.1%), from €1,968 to €36,133
- Stocks and contracts +€6,892
new in 2025: €6,892
- Receivables within one year +€2,645
up €2,645 (+18.2%), from €14,501 to €17,146
of which Other amounts receivable: +€1,864
- Financial fixed assets +€2,400
new in 2025: €2,400
- Debts after one year +€17,331
new in 2025: €17,331
- Trade debts -€17,242
down €17,242 (-71.2%), from €24,205 to €6,962
- Current portion of long-term debt +€14,340
new in 2025: €14,340
- Other debts -€6,599
down €6,599 (-22.8%), from €28,994 to €22,395
- Staff costs +€19,206
up €19,206 (+253.1%), from €7,590 to €26,796
- Gross operating margin -€15,788
down €15,788 (-17.8%), from €88,739 to €72,951
- Taxes -€9,921
down €9,921 (-56.1%), from €17,672 to €7,751
- Depreciation -€2,611
down €2,611 (-19.9%), from €13,092 to €10,480
- Financial charges +€1,828
up €1,828 (+339.7%), from €538 to €2,367
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 | €219,582 | €228,274 | +€8,693 | +4.0% |
| Formation expenses | 20 | - | €1,048 | +€1,048 | |
| Fixed assets | 21/28 | €1,968 | €38,533 | +€36,565 | +1858.0% |
| Tangible fixed assets | 22/27 | €1,968 | €36,133 | +€34,165 | +1736.1% |
| Furniture and vehicles | 24 | €1,968 | €36,133 | +€34,165 | +1736.1% |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €217,614 | €188,694 | -€28,920 | -13.3% |
| Stocks and contracts in progress | 3 | - | €6,892 | +€6,892 | |
| Stocks | 30/36 | - | €6,892 | +€6,892 | |
| Amounts receivable within one year | 40/41 | €14,501 | €17,146 | +€2,645 | +18.2% |
| Trade receivables | 40 | €14,501 | €15,282 | +€781 | +5.4% |
| Other amounts receivable | 41 | - | €1,864 | +€1,864 | |
| Current investments | 50/53 | €111,190 | €112,984 | +€1,794 | +1.6% |
| Cash at bank and in hand | 54/58 | €88,242 | €48,424 | -€39,818 | -45.1% |
| Deferred charges and accrued income | 490/1 | €3,682 | €3,249 | -€433 | -11.8% |
| Total equity and liabilities | 10/49 | €219,582 | €228,274 | +€8,693 | +4.0% |
| Equity | 10/15 | €154,232 | €154,976 | +€744 | +0.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €153,232 | €153,976 | +€744 | +0.5% |
| Distributable reserves | 133 | €153,232 | €153,976 | +€744 | +0.5% |
| Amounts payable | 17/49 | €65,350 | €73,299 | +€7,949 | +12.2% |
| Amounts payable after more than one year | 17 | - | €17,331 | +€17,331 | |
| Financial debts | 170/4 | - | €17,331 | +€17,331 | |
| Amounts payable within one year | 42/48 | €65,327 | €55,967 | -€9,360 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,340 | +€14,340 | |
| Trade debts | 44 | €24,205 | €6,962 | -€17,242 | -71.2% |
| Suppliers | 440/4 | €24,205 | €6,962 | -€17,242 | -71.2% |
| Taxes, remuneration and social security | 45 | €12,128 | €12,270 | +€142 | +1.2% |
| Taxes | 450/3 | €10,970 | €8,465 | -€2,505 | -22.8% |
| Remuneration and social security | 454/9 | €1,158 | €3,805 | +€2,647 | +228.5% |
| Other amounts payable | 47/48 | €28,994 | €22,395 | -€6,599 | -22.8% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Remuneration, social security and pensions | 62 | €7,590 | €26,796 | +€19,206 | +253.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,092 | €10,480 | -€2,611 | -19.9% |
| Other operating charges | 640/8 | €1,396 | €1,862 | +€466 | +33.4% |
| Gross operating margin | 9900 | €88,739 | €72,951 | -€15,788 | -17.8% |
| Operating profit (loss) | 9901 | €66,661 | €33,812 | -€32,849 | -49.3% |
| Financial income | 75/76B | €1,616 | €2,049 | +€433 | +26.8% |
| Recurring financial income | 75 | €1,616 | €2,049 | +€433 | +26.8% |
| Financial charges | 65/66B | €538 | €2,367 | +€1,828 | +339.7% |
| Recurring financial charges | 65 | €538 | €2,367 | +€1,828 | +339.7% |
| Profit (loss) for the period before taxes | 9903 | €67,739 | €33,495 | -€34,244 | -50.6% |
| Income taxes | 67/77 | €17,672 | €7,751 | -€9,921 | -56.1% |
| Profit (loss) for the period | 9904 | €50,067 | €25,744 | -€24,323 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,067 | €25,744 | -€24,323 | -48.6% |
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 6 October 2026 via checked.be.