TM Finance: 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 Finance
Largest movements
- Cash +€34,465
up €34,465 (+122%), from €28,168 to €62,633
mainly Net result for the year (+€33,339) and Tax, wage and social debts (+€4,732)
- Receivables within one year +€8,804
up €8,804 (+34.7%), from €25,335 to €34,139
of which Trade receivables: +€8,559
- Profit (loss) carried forward +€33,338
up €33,338 (+124%), from €26,839 to €60,177
- Tax, wage and social debts +€4,732
up €4,732 (+69.2%), from €6,835 to €11,567
- Other debts +€2,957
new in 2025: €2,957
- Trade debts +€1,259
up €1,259 (+109%), from €1,160 to €2,419
- Gross operating margin +€8,847
up €8,847 (+25.2%), from €35,121 to €43,968
- Taxes +€2,378
up €2,378 (+31.9%), from €7,466 to €9,844
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 | €57,426 | €99,815 | +€42,389 | +73.8% |
| Current assets | 29/58 | €57,426 | €99,815 | +€42,389 | +73.8% |
| Amounts receivable within one year | 40/41 | €25,335 | €34,139 | +€8,804 | +34.7% |
| Trade receivables | 40 | €25,235 | €33,794 | +€8,559 | +33.9% |
| Other amounts receivable | 41 | €100 | €345 | +€245 | +245% |
| Cash at bank and in hand | 54/58 | €28,168 | €62,633 | +€34,465 | +122% |
| Deferred charges and accrued income | 490/1 | €3,923 | €3,043 | -€880 | -22.4% |
| Total equity and liabilities | 10/49 | €57,426 | €99,815 | +€42,389 | +73.8% |
| Equity | 10/15 | €28,339 | €61,677 | +€33,338 | +118% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,839 | €60,177 | +€33,338 | +124% |
| Amounts payable | 17/49 | €29,087 | €38,138 | +€9,051 | +31.1% |
| Amounts payable within one year | 42/48 | €29,087 | €38,138 | +€9,051 | +31.1% |
| Trade debts | 44 | €1,160 | €2,419 | +€1,259 | +109% |
| Suppliers | 440/4 | €1,160 | €2,419 | +€1,259 | +109% |
| Advances received on contracts in progress | 46 | €21,093 | €21,195 | +€102 | +0.5% |
| Taxes, remuneration and social security | 45 | €6,835 | €11,567 | +€4,732 | +69.2% |
| Taxes | 450/3 | €6,835 | €11,567 | +€4,732 | +69.2% |
| Other amounts payable | 47/48 | - | €2,957 | +€2,957 | |
| Other operating charges | 640/8 | €759 | €727 | -€32 | -4.2% |
| Gross operating margin | 9900 | €35,121 | €43,968 | +€8,847 | +25.2% |
| Operating profit (loss) | 9901 | €34,362 | €43,241 | +€8,879 | +25.8% |
| Financial income | 75/76B | €1 | €3 | +€2 | +275% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +275% |
| Financial charges | 65/66B | €59 | €61 | +€3 | +4.3% |
| Recurring financial charges | 65 | €59 | €61 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €34,304 | €43,183 | +€8,879 | +25.9% |
| Income taxes | 67/77 | €7,466 | €9,844 | +€2,378 | +31.9% |
| Profit (loss) for the period | 9904 | €26,839 | €33,339 | +€6,500 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,839 | €33,339 | +€6,500 | +24.2% |
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 14 October 2026 via checked.be.