TM RENOVATION: what changed
TM RENOVATION
Largest movements
- Receivables within one year +€22,470
up €22,470 (+1,060%), from €2,121 to €24,591
of which Trade receivables: +€23,165
- Tangible fixed assets +€1,362
up €1,362 (+81.9%), from €1,663 to €3,025
of which Leasing and similar rights: +€860
- Cash -€1,042
down €1,042 (-52.5%), from €1,984 to €942
mainly Receivables within one year (-€22,470) and Net result for the year (-€4,449)
- Trade debts +€22,373
up €22,373 (+16,271%), from €138 to €22,511
- Profit (loss) carried forward -€4,449
down €4,449, from €1,794 to -€2,655
- Other debts +€4,200
new in 2025: €4,200
- Tax, wage and social debts +€810
up €810 (+34.7%), from €2,336 to €3,146
of which Remuneration and social security: +€810
- Gross operating margin -€7,380
down €7,380, from €6,136 to -€1,245
- Financial charges -€1,032
down €1,032 (-44.0%), from €2,345 to €1,313
of which Financial charges: -€557
- Depreciation +€969
up €969 (+315%), from €308 to €1,277
- Other operating charges -€549
down €549 (-46.0%), from €1,193 to €644
- Taxes -€496
no longer reported in 2025 (was €496)
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 | €5,768 | €28,702 | +€22,934 | +398% |
| Fixed assets | 21/28 | €1,663 | €3,169 | +€1,506 | +90.6% |
| Tangible fixed assets | 22/27 | €1,663 | €3,025 | +€1,362 | +81.9% |
| Plant, machinery and equipment | 23 | €1,067 | €1,839 | +€772 | +72.4% |
| Furniture and vehicles | 24 | €596 | €326 | -€270 | -45.3% |
| Leasing and similar rights | 25 | - | €860 | +€860 | |
| Financial fixed assets | 28 | - | €144 | +€144 | |
| Current assets | 29/58 | €4,105 | €25,533 | +€21,428 | +522% |
| Amounts receivable within one year | 40/41 | €2,121 | €24,591 | +€22,470 | +1,060% |
| Trade receivables | 40 | - | €23,165 | +€23,165 | |
| Other amounts receivable | 41 | €2,121 | €1,426 | -€695 | -32.8% |
| Cash at bank and in hand | 54/58 | €1,984 | €942 | -€1,042 | -52.5% |
| Total equity and liabilities | 10/49 | €5,768 | €28,702 | +€22,934 | +398% |
| Equity | 10/15 | €3,294 | -€1,155 | -€4,449 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,794 | -€2,655 | -€4,449 | |
| Amounts payable | 17/49 | €2,473 | €29,857 | +€27,383 | +1,107% |
| Amounts payable within one year | 42/48 | €2,473 | €29,857 | +€27,383 | +1,107% |
| Trade debts | 44 | €138 | €22,511 | +€22,373 | +16,271% |
| Suppliers | 440/4 | €138 | €22,511 | +€22,373 | +16,271% |
| Taxes, remuneration and social security | 45 | €2,336 | €3,146 | +€810 | +34.7% |
| Taxes | 450/3 | €496 | €496 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,840 | €2,650 | +€810 | +44.0% |
| Other amounts payable | 47/48 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €1,277 | +€969 | +315% |
| Other operating charges | 640/8 | €1,193 | €644 | -€549 | -46.0% |
| Gross operating margin | 9900 | €6,136 | -€1,245 | -€7,380 | |
| Operating profit (loss) | 9901 | €4,635 | -€3,166 | -€7,801 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €2,345 | €1,313 | -€1,032 | -44.0% |
| Recurring financial charges | 65 | €1,870 | €1,313 | -€557 | -29.8% |
| Non-recurring financial charges | 66B | €475 | - | -€475 | |
| Profit (loss) for the period before taxes | 9903 | €2,290 | -€4,449 | -€6,739 | |
| Income taxes | 67/77 | €496 | - | -€496 | |
| Profit (loss) for the period | 9904 | €1,794 | -€4,449 | -€6,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,794 | -€4,449 | -€6,243 |
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.