TM Elec Service: 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 Elec Service
Largest movements
- Receivables within one year +€6,262
up €6,262 (+60.8%), from €10,301 to €16,563
of which Trade receivables: +€5,553
- Cash +€4,744
up €4,744 (+96.3%), from €4,924 to €9,668
mainly Net result for the year (+€12,998) and Depreciation (+€7,370)
- Tangible fixed assets -€4,132
down €4,132 (-13.5%), from €30,642 to €26,510
of which Furniture and vehicles: -€3,976
- Reserves +€12,165
up €12,165 (+374%), from €3,254 to €15,418
- Debts after one year -€6,171
down €6,171 (-27.1%), from €22,733 to €16,562
- Tax, wage and social debts +€3,392
up €3,392 (+638%), from €532 to €3,923
- Trade debts -€2,387
down €2,387 (-59.1%), from €4,035 to €1,648
- Other debts -€853
down €853 (-15.9%), from €5,372 to €4,519
- Gross operating margin +€17,467
up €17,467 (+203%), from €8,611 to €26,077
- Depreciation +€3,797
up €3,797 (+106%), from €3,573 to €7,370
- Taxes +€3,167
up €3,167 (+838%), from €378 to €3,545
- Financial charges +€365
up €365 (+40.7%), from €898 to €1,263
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 | €46,851 | €53,241 | +€6,390 | +13.6% |
| Fixed assets | 21/28 | €30,642 | €26,510 | -€4,132 | -13.5% |
| Tangible fixed assets | 22/27 | €30,642 | €26,510 | -€4,132 | -13.5% |
| Plant, machinery and equipment | 23 | €1,371 | €1,215 | -€156 | -11.4% |
| Furniture and vehicles | 24 | €29,271 | €25,296 | -€3,976 | -13.6% |
| Current assets | 29/58 | €16,209 | €26,731 | +€10,522 | +64.9% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,301 | €16,563 | +€6,262 | +60.8% |
| Trade receivables | 40 | €7,838 | €13,391 | +€5,553 | +70.9% |
| Other amounts receivable | 41 | €2,463 | €3,172 | +€709 | +28.8% |
| Cash at bank and in hand | 54/58 | €4,924 | €9,668 | +€4,744 | +96.3% |
| Deferred charges and accrued income | 490/1 | €485 | €0 | -€485 | -100% |
| Total equity and liabilities | 10/49 | €46,851 | €53,241 | +€6,390 | +13.6% |
| Equity | 10/15 | €8,254 | €20,418 | +€12,165 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,254 | €15,418 | +€12,165 | +374% |
| Distributable reserves | 133 | €3,254 | €15,418 | +€12,165 | +374% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,598 | €32,823 | -€5,775 | -15.0% |
| Amounts payable after more than one year | 17 | €22,733 | €16,562 | -€6,171 | -27.1% |
| Financial debts | 170/4 | €22,733 | €16,562 | -€6,171 | -27.1% |
| Amounts payable within one year | 42/48 | €15,865 | €16,261 | +€396 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €5,926 | €6,171 | +€244 | +4.1% |
| Trade debts | 44 | €4,035 | €1,648 | -€2,387 | -59.1% |
| Suppliers | 440/4 | €4,035 | €1,648 | -€2,387 | -59.1% |
| Taxes, remuneration and social security | 45 | €532 | €3,923 | +€3,392 | +638% |
| Taxes | 450/3 | €532 | €3,923 | +€3,392 | +638% |
| Other amounts payable | 47/48 | €5,372 | €4,519 | -€853 | -15.9% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €7,370 | +€3,797 | +106% |
| Other operating charges | 640/8 | €527 | €514 | -€13 | -2.4% |
| Non-recurring operating charges | 66A | - | €415 | +€415 | |
| Gross operating margin | 9900 | €8,611 | €26,077 | +€17,467 | +203% |
| Operating profit (loss) | 9901 | €4,511 | €17,779 | +€13,268 | +294% |
| Financial income | 75/76B | €19 | €27 | +€9 | +47.0% |
| Recurring financial income | 75 | €19 | €27 | +€9 | +47.0% |
| Financial charges | 65/66B | €898 | €1,263 | +€365 | +40.7% |
| Recurring financial charges | 65 | €898 | €1,263 | +€365 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €3,632 | €16,543 | +€12,911 | +356% |
| Income taxes | 67/77 | €378 | €3,545 | +€3,167 | +838% |
| Profit (loss) for the period | 9904 | €3,254 | €12,998 | +€9,744 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €3,254 | €12,998 | +€9,744 | +299% |
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 27 October 2026 via checked.be.