TM Data: 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 Data
Largest movements
- Cash +€16,558
up €16,558 (+19.3%), from €85,758 to €102,315
mainly Net result for the year (+€33,657) and Tax, wage and social debts (+€4,249)
- Deferred charges and accrued income +€8,813
up €8,813 (+6643.6%), from €133 to €8,946
- Current investments +€3,240
new in 2025: €3,240
- Tangible fixed assets -€2,797
down €2,797 (-45.3%), from €6,172 to €3,375
of which Plant, machinery and equipment: -€1,530
- Reserves +€33,657
up €33,657 (+71.7%), from €46,936 to €80,594
- Other debts -€9,606
down €9,606 (-41.6%), from €23,076 to €13,471
- Tax, wage and social debts +€4,249
up €4,249 (+31.6%), from €13,449 to €17,699
- Trade debts -€2,380
down €2,380 (-99.2%), from €2,400 to €20
- Gross operating margin -€8,259
down €8,259 (-12.3%), from €67,367 to €59,107
- Taxes +€6,882
up €6,882 (+53.2%), from €12,929 to €19,810
- Financial charges +€1,600
up €1,600 (+1053.5%), from €152 to €1,752
- Other operating charges +€1,205
up €1,205 (+1021.2%), from €118 to €1,323
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 | €92,062 | €117,983 | +€25,921 | +28.2% |
| Fixed assets | 21/28 | €6,172 | €3,375 | -€2,797 | -45.3% |
| Tangible fixed assets | 22/27 | €6,172 | €3,375 | -€2,797 | -45.3% |
| Plant, machinery and equipment | 23 | €3,322 | €1,792 | -€1,530 | -46.1% |
| Furniture and vehicles | 24 | €2,850 | €1,583 | -€1,267 | -44.4% |
| Current assets | 29/58 | €85,890 | €114,608 | +€28,718 | +33.4% |
| Amounts receivable within one year | 40/41 | - | €107 | +€107 | |
| Other amounts receivable | 41 | - | €107 | +€107 | |
| Current investments | 50/53 | - | €3,240 | +€3,240 | |
| Cash at bank and in hand | 54/58 | €85,758 | €102,315 | +€16,558 | +19.3% |
| Deferred charges and accrued income | 490/1 | €133 | €8,946 | +€8,813 | +6643.6% |
| Total equity and liabilities | 10/49 | €92,062 | €117,983 | +€25,921 | +28.2% |
| Equity | 10/15 | €53,136 | €86,794 | +€33,657 | +63.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,936 | €80,594 | +€33,657 | +71.7% |
| Distributable reserves | 133 | €46,936 | €80,594 | +€33,657 | +71.7% |
| Amounts payable | 17/49 | €38,926 | €31,190 | -€7,736 | -19.9% |
| Amounts payable within one year | 42/48 | €38,926 | €31,190 | -€7,736 | -19.9% |
| Trade debts | 44 | €2,400 | €20 | -€2,380 | -99.2% |
| Suppliers | 440/4 | €2,400 | €20 | -€2,380 | -99.2% |
| Taxes, remuneration and social security | 45 | €13,449 | €17,699 | +€4,249 | +31.6% |
| Taxes | 450/3 | €13,449 | €17,699 | +€4,249 | +31.6% |
| Other amounts payable | 47/48 | €23,076 | €13,471 | -€9,606 | -41.6% |
| Remuneration, social security and pensions | 62 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,147 | €2,797 | +€650 | +30.3% |
| Other operating charges | 640/8 | €118 | €1,323 | +€1,205 | +1021.2% |
| Gross operating margin | 9900 | €67,367 | €59,107 | -€8,259 | -12.3% |
| Operating profit (loss) | 9901 | €64,942 | €54,988 | -€9,954 | -15.3% |
| Financial income | 75/76B | €0 | €232 | +€232 | +580325.0% |
| Recurring financial income | 75 | €0 | €232 | +€232 | +580325.0% |
| Financial charges | 65/66B | €152 | €1,752 | +€1,600 | +1053.5% |
| Recurring financial charges | 65 | €152 | €1,752 | +€1,600 | +1053.5% |
| Profit (loss) for the period before taxes | 9903 | €64,790 | €53,468 | -€11,322 | -17.5% |
| Income taxes | 67/77 | €12,929 | €19,810 | +€6,882 | +53.2% |
| Profit (loss) for the period | 9904 | €51,861 | €33,657 | -€18,204 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,861 | €33,657 | -€18,204 | -35.1% |
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 8 October 2026 via checked.be.