TM SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash -€28,576
down €28,576 (-33.3%), from €85,724 to €57,148
mainly Contributions, distributions and other (-€99,000) and Receivables within one year (-€25,895)
- Receivables within one year +€25,895
up €25,895 (+139.9%), from €18,509 to €44,405
of which Trade receivables: +€22,990
- Current investments +€13,158
up €13,158 (+69.2%), from €19,006 to €32,164
- Tangible fixed assets -€9,473
down €9,473 (-18.1%), from €52,415 to €42,942
of which Furniture and vehicles: -€6,296
- Other debts +€30,556
up €30,556 (+50.2%), from €60,844 to €91,400
- Profit (loss) carried forward -€19,378
down €19,378 (-32.0%), from €60,516 to €41,138
- Tax, wage and social debts -€4,843
down €4,843 (-19.6%), from €24,737 to €19,894
of which Taxes: -€7,657
- Debts after one year -€3,653
down €3,653 (-64.3%), from €5,681 to €2,027
- Gross operating margin +€13,425
up €13,425 (+12.8%), from €105,076 to €118,501
- Depreciation -€3,030
down €3,030 (-24.2%), from €12,503 to €9,473
- Other operating charges -€2,737
down €2,737 (-58.8%), from €4,657 to €1,919
- Taxes +€1,640
up €1,640 (+6.3%), from €25,902 to €27,541
- Financial income +€1,458
up €1,458 (+4527.8%), from €32 to €1,490
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.
Cash bridge derived
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 | €194,188 | €194,690 | +€502 | +0.3% |
| Fixed assets | 21/28 | €64,415 | €54,942 | -€9,473 | -14.7% |
| Tangible fixed assets | 22/27 | €52,415 | €42,942 | -€9,473 | -18.1% |
| Land and buildings | 22 | €33,343 | €32,227 | -€1,116 | -3.3% |
| Furniture and vehicles | 24 | €9,908 | €3,612 | -€6,296 | -63.5% |
| Other tangible fixed assets | 26 | €9,164 | €7,103 | -€2,061 | -22.5% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €129,773 | €139,748 | +€9,975 | +7.7% |
| Amounts receivable within one year | 40/41 | €18,509 | €44,405 | +€25,895 | +139.9% |
| Trade receivables | 40 | €4,411 | €27,401 | +€22,990 | +521.2% |
| Other amounts receivable | 41 | €14,098 | €17,003 | +€2,905 | +20.6% |
| Current investments | 50/53 | €19,006 | €32,164 | +€13,158 | +69.2% |
| Cash at bank and in hand | 54/58 | €85,724 | €57,148 | -€28,576 | -33.3% |
| Deferred charges and accrued income | 490/1 | €6,534 | €6,032 | -€502 | -7.7% |
| Total equity and liabilities | 10/49 | €194,188 | €194,690 | +€502 | +0.3% |
| Equity | 10/15 | €80,976 | €61,598 | -€19,378 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,516 | €41,138 | -€19,378 | -32.0% |
| Amounts payable | 17/49 | €113,212 | €133,091 | +€19,880 | +17.6% |
| Amounts payable after more than one year | 17 | €5,681 | €2,027 | -€3,653 | -64.3% |
| Financial debts | 170/4 | €5,681 | €2,027 | -€3,653 | -64.3% |
| Amounts payable within one year | 42/48 | €107,531 | €131,064 | +€23,533 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €14,162 | €13,342 | -€820 | -5.8% |
| Trade debts | 44 | €7,788 | €6,429 | -€1,360 | -17.5% |
| Suppliers | 440/4 | €7,788 | €6,429 | -€1,360 | -17.5% |
| Taxes, remuneration and social security | 45 | €24,737 | €19,894 | -€4,843 | -19.6% |
| Taxes | 450/3 | €24,737 | €17,080 | -€7,657 | -31.0% |
| Remuneration and social security | 454/9 | - | €2,814 | +€2,814 | |
| Other amounts payable | 47/48 | €60,844 | €91,400 | +€30,556 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,503 | €9,473 | -€3,030 | -24.2% |
| Other operating charges | 640/8 | €4,657 | €1,919 | -€2,737 | -58.8% |
| Gross operating margin | 9900 | €105,076 | €118,501 | +€13,425 | +12.8% |
| Operating profit (loss) | 9901 | €87,916 | €107,108 | +€19,192 | +21.8% |
| Financial income | 75/76B | €32 | €1,490 | +€1,458 | +4527.8% |
| Recurring financial income | 75 | €32 | €1,490 | +€1,458 | +4527.8% |
| Financial charges | 65/66B | €1,530 | €1,435 | -€95 | -6.2% |
| Recurring financial charges | 65 | €1,530 | €1,435 | -€95 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €86,418 | €107,163 | +€20,746 | +24.0% |
| Income taxes | 67/77 | €25,902 | €27,541 | +€1,640 | +6.3% |
| Profit (loss) for the period | 9904 | €60,516 | €79,622 | +€19,106 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,516 | €79,622 | +€19,106 | +31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.