TM Group: 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 Group
Largest movements
- Financial fixed assets +€110,000
up €110,000 (+4.1%), from €2.7m to €2.8m
- Other debts +€137,085
up €137,085 (+133%), from €102,915 to €240,000
- Debts after one year -€136,256
down €136,256 (-8.0%), from €1.7m to €1.6m
- Profit (loss) carried forward +€85,297
up €85,297 (+13.3%), from €639,421 to €724,717
- Financial income +€99,960
up €99,960 (+50.0%), from €200,066 to €300,026
- Financial charges -€644
down €644 (-1.5%), from €44,387 to €43,743
- Gross operating margin -€587
down €587 (-1.9%), from €30,633 to €30,046
- Other operating charges +€569
up €569 (+123%), from €464 to €1,033
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 | €2,717,259 | €2,803,808 | +€86,549 | +3.2% |
| Fixed assets | 21/28 | €2,687,915 | €2,797,915 | +€110,000 | +4.1% |
| Financial fixed assets | 28 | €2,687,915 | €2,797,915 | +€110,000 | +4.1% |
| Current assets | 29/58 | €29,344 | €5,893 | -€23,451 | -79.9% |
| Amounts receivable within one year | 40/41 | €1,146 | €171 | -€975 | -85.0% |
| Other amounts receivable | 41 | €1,146 | €171 | -€975 | -85.0% |
| Cash at bank and in hand | 54/58 | €28,198 | €5,722 | -€22,476 | -79.7% |
| Total equity and liabilities | 10/49 | €2,717,259 | €2,803,808 | +€86,549 | +3.2% |
| Equity | 10/15 | €749,421 | €834,717 | +€85,297 | +11.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €639,421 | €724,717 | +€85,297 | +13.3% |
| Amounts payable | 17/49 | €1,967,839 | €1,969,091 | +€1,252 | +0.1% |
| Amounts payable after more than one year | 17 | €1,700,985 | €1,564,729 | -€136,256 | -8.0% |
| Financial debts | 170/4 | €1,700,985 | €1,564,729 | -€136,256 | -8.0% |
| Amounts payable within one year | 42/48 | €239,217 | €377,638 | +€138,420 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | €135,682 | €137,161 | +€1,479 | +1.1% |
| Trade debts | 44 | €620 | €476 | -€144 | -23.2% |
| Suppliers | 440/4 | €620 | €476 | -€144 | -23.2% |
| Other amounts payable | 47/48 | €102,915 | €240,000 | +€137,085 | +133% |
| Accrued charges and deferred income | 492/3 | €27,636 | €26,724 | -€912 | -3.3% |
| Other operating charges | 640/8 | €464 | €1,033 | +€569 | +123% |
| Gross operating margin | 9900 | €30,633 | €30,046 | -€587 | -1.9% |
| Operating profit (loss) | 9901 | €30,169 | €29,013 | -€1,156 | -3.8% |
| Financial income | 75/76B | €200,066 | €300,026 | +€99,960 | +50.0% |
| Recurring financial income | 75 | €200,066 | €300,026 | +€99,960 | +50.0% |
| Financial charges | 65/66B | €44,387 | €43,743 | -€644 | -1.5% |
| Recurring financial charges | 65 | €44,387 | €43,743 | -€644 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €185,849 | €285,297 | +€99,448 | +53.5% |
| Income taxes | 67/77 | €5 | €0 | -€5 | -100% |
| Profit (loss) for the period | 9904 | €185,844 | €285,297 | +€99,453 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €185,844 | €285,297 | +€99,453 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.