TM MANAGEMENT & IT: 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 MANAGEMENT & IT
Largest movements
- Cash +€21,307
up €21,307 (+28.3%), from €75,237 to €96,545
mainly Depreciation (+€17,761) and Net result for the year (+€11,750)
- Tangible fixed assets -€16,194
down €16,194 (-46.3%), from €35,000 to €18,806
- Receivables within one year +€11,554
up €11,554 (+122%), from €9,451 to €21,005
of which Trade receivables: +€15,472
- Profit (loss) carried forward +€11,750
up €11,750 (+12.3%), from €95,449 to €107,199
- Tax, wage and social debts +€2,937
up €2,937 (+151%), from €1,948 to €4,885
of which Taxes: +€4,137
- Other debts +€2,041
up €2,041 (+162%), from €1,260 to €3,300
- Gross operating margin +€25,705
up €25,705 (+291%), from €8,833 to €34,538
- Taxes +€3,205
up €3,205 (+2,410%), from €133 to €3,338
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 | €120,664 | €137,131 | +€16,467 | +13.6% |
| Fixed assets | 21/28 | €35,000 | €18,806 | -€16,194 | -46.3% |
| Tangible fixed assets | 22/27 | €35,000 | €18,806 | -€16,194 | -46.3% |
| Furniture and vehicles | 24 | €35,000 | €18,806 | -€16,194 | -46.3% |
| Current assets | 29/58 | €85,663 | €118,324 | +€32,661 | +38.1% |
| Amounts receivable within one year | 40/41 | €9,451 | €21,005 | +€11,554 | +122% |
| Trade receivables | 40 | €0 | €15,472 | +€15,472 | |
| Other amounts receivable | 41 | €9,451 | €5,533 | -€3,918 | -41.5% |
| Cash at bank and in hand | 54/58 | €75,237 | €96,545 | +€21,307 | +28.3% |
| Deferred charges and accrued income | 490/1 | €975 | €775 | -€200 | -20.5% |
| Total equity and liabilities | 10/49 | €120,664 | €137,131 | +€16,467 | +13.6% |
| Equity | 10/15 | €115,909 | €127,659 | +€11,750 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,449 | €107,199 | +€11,750 | +12.3% |
| Amounts payable | 17/49 | €4,755 | €9,471 | +€4,716 | +99.2% |
| Amounts payable within one year | 42/48 | €4,755 | €9,471 | +€4,716 | +99.2% |
| Trade debts | 44 | €1,547 | €1,286 | -€261 | -16.9% |
| Suppliers | 440/4 | €1,547 | €1,286 | -€261 | -16.9% |
| Taxes, remuneration and social security | 45 | €1,948 | €4,885 | +€2,937 | +151% |
| Taxes | 450/3 | €748 | €4,885 | +€4,137 | +553% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Other amounts payable | 47/48 | €1,260 | €3,300 | +€2,041 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,463 | €17,761 | +€298 | +1.7% |
| Other operating charges | 640/8 | €804 | €848 | +€44 | +5.5% |
| Gross operating margin | 9900 | €8,833 | €34,538 | +€25,705 | +291% |
| Operating profit (loss) | 9901 | -€9,435 | €15,929 | +€25,363 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €839 | €840 | +€1 | +0.1% |
| Recurring financial charges | 65 | €839 | €840 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,274 | €15,088 | +€25,362 | |
| Income taxes | 67/77 | €133 | €3,338 | +€3,205 | +2,410% |
| Profit (loss) for the period | 9904 | -€10,407 | €11,750 | +€22,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,407 | €11,750 | +€22,157 |
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 13 October 2026 via checked.be.