TM Elec: 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 Elec
Largest movements
- Receivables within one year +€13,347
up €13,347 (+23.4%), from €57,068 to €70,414
of which Other amounts receivable: +€12,785
- Cash +€3,991
up €3,991 (+37.2%), from €10,740 to €14,731
mainly Net result for the year (+€26,001) and Depreciation (+€5,330)
- Tangible fixed assets +€1,321
up €1,321 (+15.7%), from €8,414 to €9,736
of which Furniture and vehicles: +€2,408
- Reserves +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Profit (loss) carried forward +€11,001
up €11,001 (+78.3%), from €14,054 to €25,055
- Trade debts -€6,568
down €6,568 (-81.4%), from €8,065 to €1,497
- Tax, wage and social debts -€1,059
down €1,059 (-6.5%), from €16,388 to €15,329
- Turnover +€59,989
up €59,989 (+24.0%), from €250,295 to €310,283
- Purchases and services +€40,609
up €40,609 (+17.8%), from €228,289 to €268,898
- Gross operating margin +€19,421
up €19,421 (+81.4%), from €23,859 to €43,281
- Taxes +€6,561
up €6,561 (+117.6%), from €5,580 to €12,142
- Staff costs -€4,592
down €4,592 (-76.6%), from €5,991 to €1,399
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,222 | €94,881 | +€18,659 | +24.5% |
| Fixed assets | 21/28 | €8,414 | €9,736 | +€1,321 | +15.7% |
| Tangible fixed assets | 22/27 | €8,414 | €9,736 | +€1,321 | +15.7% |
| Plant, machinery and equipment | 23 | €5,175 | €4,088 | -€1,087 | -21.0% |
| Furniture and vehicles | 24 | €3,239 | €5,647 | +€2,408 | +74.3% |
| Current assets | 29/58 | €67,808 | €85,145 | +€17,338 | +25.6% |
| Amounts receivable within one year | 40/41 | €57,068 | €70,414 | +€13,347 | +23.4% |
| Trade receivables | 40 | €12,604 | €13,165 | +€562 | +4.5% |
| Other amounts receivable | 41 | €44,464 | €57,249 | +€12,785 | +28.8% |
| Cash at bank and in hand | 54/58 | €10,740 | €14,731 | +€3,991 | +37.2% |
| Total equity and liabilities | 10/49 | €76,222 | €94,881 | +€18,659 | +24.5% |
| Equity | 10/15 | €49,054 | €75,055 | +€26,001 | +53.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Distributable reserves | 133 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Profit (loss) carried forward | 14 | €14,054 | €25,055 | +€11,001 | +78.3% |
| Amounts payable | 17/49 | €27,168 | €19,825 | -€7,342 | -27.0% |
| Amounts payable within one year | 42/48 | €27,168 | €19,825 | -€7,342 | -27.0% |
| Financial debts | 43 | €2,714 | €2,999 | +€284 | +10.5% |
| Credit institutions | 430/8 | €2,714 | €2,999 | +€284 | +10.5% |
| Trade debts | 44 | €8,065 | €1,497 | -€6,568 | -81.4% |
| Suppliers | 440/4 | €8,065 | €1,497 | -€6,568 | -81.4% |
| Taxes, remuneration and social security | 45 | €16,388 | €15,329 | -€1,059 | -6.5% |
| Taxes | 450/3 | €16,388 | €15,329 | -€1,059 | -6.5% |
| Turnover | 70 | €250,295 | €310,283 | +€59,989 | +24.0% |
| Non-recurring operating income | 76A | - | €160 | +€160 | |
| Goods, raw materials, services and sundry goods | 60/61 | €228,289 | €268,898 | +€40,609 | +17.8% |
| Remuneration, social security and pensions | 62 | €5,991 | €1,399 | -€4,592 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,624 | €5,330 | +€1,706 | +47.1% |
| Other operating charges | 640/8 | €1 | €1,258 | +€1,257 | +169904.1% |
| Gross operating margin | 9900 | €23,859 | €43,281 | +€19,421 | +81.4% |
| Operating profit (loss) | 9901 | €14,243 | €35,294 | +€21,050 | +147.8% |
| Financial income | 75/76B | €2,147 | €3,277 | +€1,130 | +52.6% |
| Recurring financial income | 75 | €2,147 | €3,277 | +€1,130 | +52.6% |
| Financial charges | 65/66B | €108 | €427 | +€319 | +295.7% |
| Recurring financial charges | 65 | €108 | €427 | +€319 | +295.7% |
| Profit (loss) for the period before taxes | 9903 | €16,282 | €38,143 | +€21,861 | +134.3% |
| Income taxes | 67/77 | €5,580 | €12,142 | +€6,561 | +117.6% |
| Profit (loss) for the period | 9904 | €10,702 | €26,001 | +€15,300 | +143.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,702 | €26,001 | +€15,300 | +143.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.