TM Design: 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 Design
Largest movements
- Cash -€29,232
down €29,232 (-91.1%), from €32,102 to €2,869
mainly Net result for the year (-€15,378) and Other debts (-€7,846)
- Tangible fixed assets -€6,789
down €6,789 (-39.6%), from €17,131 to €10,343
of which Furniture and vehicles: -€6,423
- Receivables within one year +€6,516
up €6,516 (+236%), from €2,765 to €9,281
of which Other amounts receivable: +€9,281
- Deferred charges and accrued income +€4,001
up €4,001 (+1,252%), from €319 to €4,321
- Profit (loss) carried forward -€15,378
down €15,378, from €11,601 to -€3,777
- Other debts -€7,846
no longer reported in 2025 (was €7,846)
- Tax, wage and social debts -€2,641
down €2,641 (-27.2%), from €9,721 to €7,080
- Gross operating margin -€41,488
down €41,488, from €35,067 to -€6,421
- Taxes -€7,080
no longer reported in 2025 (was €7,080)
- Depreciation +€685
up €685 (+8.8%), from €7,805 to €8,490
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 | €52,317 | €26,813 | -€25,504 | -48.7% |
| Fixed assets | 21/28 | €17,131 | €10,343 | -€6,789 | -39.6% |
| Tangible fixed assets | 22/27 | €17,131 | €10,343 | -€6,789 | -39.6% |
| Plant, machinery and equipment | 23 | €523 | €158 | -€365 | -69.9% |
| Furniture and vehicles | 24 | €16,608 | €10,185 | -€6,423 | -38.7% |
| Current assets | 29/58 | €35,186 | €16,471 | -€18,715 | -53.2% |
| Amounts receivable within one year | 40/41 | €2,765 | €9,281 | +€6,516 | +236% |
| Trade receivables | 40 | €2,765 | - | -€2,765 | |
| Other amounts receivable | 41 | - | €9,281 | +€9,281 | |
| Cash at bank and in hand | 54/58 | €32,102 | €2,869 | -€29,232 | -91.1% |
| Deferred charges and accrued income | 490/1 | €319 | €4,321 | +€4,001 | +1,252% |
| Total equity and liabilities | 10/49 | €52,317 | €26,813 | -€25,504 | -48.7% |
| Equity | 10/15 | €32,061 | €16,683 | -€15,378 | -48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,601 | -€3,777 | -€15,378 | |
| Amounts payable | 17/49 | €20,257 | €10,130 | -€10,126 | -50.0% |
| Amounts payable within one year | 42/48 | €20,257 | €10,130 | -€10,126 | -50.0% |
| Trade debts | 44 | €2,690 | €2,901 | +€212 | +7.9% |
| Suppliers | 440/4 | €2,690 | €2,901 | +€212 | +7.9% |
| Advances received on contracts in progress | 46 | - | €149 | +€149 | |
| Taxes, remuneration and social security | 45 | €9,721 | €7,080 | -€2,641 | -27.2% |
| Taxes | 450/3 | €9,721 | €7,080 | -€2,641 | -27.2% |
| Other amounts payable | 47/48 | €7,846 | - | -€7,846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,805 | €8,490 | +€685 | +8.8% |
| Other operating charges | 640/8 | €288 | €322 | +€33 | +11.6% |
| Gross operating margin | 9900 | €35,067 | -€6,421 | -€41,488 | |
| Operating profit (loss) | 9901 | €26,974 | -€15,232 | -€42,206 | |
| Financial income | 75/76B | €15 | €28 | +€13 | +90.0% |
| Recurring financial income | 75 | €15 | €28 | +€13 | +90.0% |
| Financial charges | 65/66B | €179 | €173 | -€6 | -3.3% |
| Recurring financial charges | 65 | €179 | €173 | -€6 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €26,810 | -€15,378 | -€42,187 | |
| Income taxes | 67/77 | €7,080 | - | -€7,080 | |
| Profit (loss) for the period | 9904 | €19,730 | -€15,378 | -€35,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,730 | -€15,378 | -€35,107 |
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 18 October 2026 via checked.be.