TM CONSULTING: 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 CONSULTING
Largest movements
- Cash -€181,864
down €181,864 (-41.6%), from €437,524 to €255,660
mainly Current investments (-€124,000) and Contributions, distributions and other (-€121,557)
- Current investments +€124,000
up €124,000 (+114%), from €109,000 to €233,000
- Tangible fixed assets -€6,755
down €6,755 (-100%), from €6,755 to €0
- Reserves -€51,143
down €51,143 (-9.9%), from €515,093 to €463,950
- Other debts -€20,764
down €20,764 (-89.5%), from €23,199 to €2,435
- Tax, wage and social debts +€9,098
up €9,098 (+368%), from €2,473 to €11,572
of which Taxes: +€7,098
- Gross operating margin +€13,578
up €13,578 (+15.3%), from €88,824 to €102,402
- Taxes +€4,141
up €4,141 (+18.2%), from €22,713 to €26,854
- Depreciation -€2,574
down €2,574 (-27.6%), from €9,329 to €6,755
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.
Derived cash bridge
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 | €568,538 | €503,875 | -€64,663 | -11.4% |
| Fixed assets | 21/28 | €6,755 | €0 | -€6,755 | -100% |
| Tangible fixed assets | 22/27 | €6,755 | €0 | -€6,755 | -100% |
| Furniture and vehicles | 24 | €6,755 | €0 | -€6,755 | -100% |
| Current assets | 29/58 | €561,783 | €503,875 | -€57,908 | -10.3% |
| Amounts receivable within one year | 40/41 | €15,259 | €15,216 | -€44 | -0.3% |
| Trade receivables | 40 | €14,583 | €14,897 | +€314 | +2.2% |
| Other amounts receivable | 41 | €676 | €319 | -€358 | -52.9% |
| Current investments | 50/53 | €109,000 | €233,000 | +€124,000 | +114% |
| Cash at bank and in hand | 54/58 | €437,524 | €255,660 | -€181,864 | -41.6% |
| Total equity and liabilities | 10/49 | €568,538 | €503,875 | -€64,663 | -11.4% |
| Equity | 10/15 | €527,493 | €476,350 | -€51,143 | -9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €515,093 | €463,950 | -€51,143 | -9.9% |
| Distributable reserves | 133 | €515,093 | €463,950 | -€51,143 | -9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,045 | €27,526 | -€13,520 | -32.9% |
| Amounts payable within one year | 42/48 | €41,045 | €27,526 | -€13,520 | -32.9% |
| Trade debts | 44 | €15,373 | €13,519 | -€1,854 | -12.1% |
| Suppliers | 440/4 | €15,373 | €13,519 | -€1,854 | -12.1% |
| Taxes, remuneration and social security | 45 | €2,473 | €11,572 | +€9,098 | +368% |
| Taxes | 450/3 | €2,473 | €9,572 | +€7,098 | +287% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €23,199 | €2,435 | -€20,764 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,329 | €6,755 | -€2,574 | -27.6% |
| Other operating charges | 640/8 | €182 | €814 | +€632 | +348% |
| Gross operating margin | 9900 | €88,824 | €102,402 | +€13,578 | +15.3% |
| Operating profit (loss) | 9901 | €79,313 | €94,834 | +€15,521 | +19.6% |
| Financial income | 75/76B | €3,085 | €2,519 | -€566 | -18.4% |
| Recurring financial income | 75 | €3,085 | €2,519 | -€566 | -18.4% |
| Financial charges | 65/66B | €96 | €85 | -€11 | -11.8% |
| Recurring financial charges | 65 | €96 | €85 | -€11 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €82,302 | €97,267 | +€14,966 | +18.2% |
| Income taxes | 67/77 | €22,713 | €26,854 | +€4,141 | +18.2% |
| Profit (loss) for the period | 9904 | €59,588 | €70,414 | +€10,825 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,588 | €70,414 | +€10,825 | +18.2% |
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 17 October 2026 via checked.be.