TM Invest: what changed
TM Invest
Largest movements
- Stocks and contracts -€19,494
down €19,494 (-100%), from €19,494 to €0
- Tangible fixed assets +€17,482
new in 2025: €17,482
- Receivables within one year -€5,640
down €5,640 (-95.3%), from €5,916 to €276
of which Other amounts receivable: -€5,640
- Deferred charges and accrued income +€528
new in 2025: €528
- Cash +€392
up €392 (+2,677%), from €15 to €407
mainly Stocks and contracts (+€19,494) and Net result for the year (+€5,910)
- Other debts -€12,744
down €12,744 (-27.7%), from €46,037 to €33,294
- Profit (loss) carried forward +€5,910
up €5,910 (+28.7%), from -€20,613 to -€14,703
- Gross operating margin +€23,031
up €23,031, from -€13,831 to €9,200
- Depreciation +€2,012
new in 2025: €2,012
- Other operating charges +€588
up €588 (+113%), from €518 to €1,106
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,424 | €20,693 | -€6,732 | -24.5% |
| Fixed assets | 21/28 | €2,000 | €19,482 | +€17,482 | +874% |
| Tangible fixed assets | 22/27 | - | €17,482 | +€17,482 | |
| Furniture and vehicles | 24 | - | €17,482 | +€17,482 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €25,424 | €1,211 | -€24,214 | -95.2% |
| Stocks and contracts in progress | 3 | €19,494 | €0 | -€19,494 | -100% |
| Stocks | 30/36 | €19,494 | €0 | -€19,494 | -100% |
| Amounts receivable within one year | 40/41 | €5,916 | €276 | -€5,640 | -95.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,916 | €276 | -€5,640 | -95.3% |
| Cash at bank and in hand | 54/58 | €15 | €407 | +€392 | +2,677% |
| Deferred charges and accrued income | 490/1 | - | €528 | +€528 | |
| Total equity and liabilities | 10/49 | €27,424 | €20,693 | -€6,732 | -24.5% |
| Equity | 10/15 | -€18,613 | -€12,703 | +€5,910 | +31.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,613 | -€14,703 | +€5,910 | +28.7% |
| Amounts payable | 17/49 | €46,037 | €33,396 | -€12,642 | -27.5% |
| Amounts payable within one year | 42/48 | €46,037 | €33,396 | -€12,642 | -27.5% |
| Trade debts | 44 | - | €24 | +€24 | |
| Suppliers | 440/4 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | - | €78 | +€78 | |
| Taxes | 450/3 | - | €78 | +€78 | |
| Other amounts payable | 47/48 | €46,037 | €33,294 | -€12,744 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,012 | +€2,012 | |
| Other operating charges | 640/8 | €518 | €1,106 | +€588 | +113% |
| Gross operating margin | 9900 | -€13,831 | €9,200 | +€23,031 | |
| Operating profit (loss) | 9901 | -€14,350 | €6,082 | +€20,432 | |
| Financial charges | 65/66B | €0 | €94 | +€94 | |
| Recurring financial charges | 65 | €0 | €94 | +€94 | |
| Profit (loss) for the period before taxes | 9903 | -€14,350 | €5,988 | +€20,338 | |
| Income taxes | 67/77 | - | €78 | +€78 | |
| Profit (loss) for the period | 9904 | -€14,350 | €5,910 | +€20,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,350 | €5,910 | +€20,260 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.