TM TAX: 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 TAX
Largest movements
- Cash -€70,060
down €70,060 (-19.8%), from €353,966 to €283,906
mainly Contributions, distributions and other (-€80,000) and Investment in fixed assets (net) (-€29,387)
- Receivables within one year +€16,098
up €16,098 (+5.8%), from €276,902 to €293,000
of which Other amounts receivable: +€10,939
- Reserves -€30,000
down €30,000 (-6.4%), from €469,397 to €439,397
of which Distributable reserves: -€30,000
- Tax, wage and social debts -€14,684
down €14,684 (-17.2%), from €85,514 to €70,830
of which Taxes: -€11,496
- Staff costs +€55,507
up €55,507 (+24.0%), from €231,090 to €286,597
- Depreciation -€26,855
down €26,855 (-45.7%), from €58,783 to €31,928
- Other operating charges -€11,326
down €11,326 (-48.2%), from €23,490 to €12,164
- Gross operating margin -€8,928
down €8,928 (-2.1%), from €423,029 to €414,101
- Taxes -€8,753
down €8,753 (-23.0%), from €38,015 to €29,261
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €733,822 | €678,007 | -€55,815 | -7.6% |
| Fixed assets | 21/28 | €93,923 | €91,382 | -€2,541 | -2.7% |
| Tangible fixed assets | 22/27 | €89,173 | €86,582 | -€2,591 | -2.9% |
| Plant, machinery and equipment | 23 | €3,954 | - | -€3,954 | |
| Furniture and vehicles | 24 | €81,931 | €86,582 | +€4,651 | +5.7% |
| Other tangible fixed assets | 26 | €3,289 | - | -€3,289 | |
| Financial fixed assets | 28 | €4,750 | €4,800 | +€50 | +1.1% |
| Current assets | 29/58 | €639,899 | €586,625 | -€53,274 | -8.3% |
| Amounts receivable within one year | 40/41 | €276,902 | €293,000 | +€16,098 | +5.8% |
| Trade receivables | 40 | €176,715 | €181,873 | +€5,158 | +2.9% |
| Other amounts receivable | 41 | €100,188 | €111,127 | +€10,939 | +10.9% |
| Cash at bank and in hand | 54/58 | €353,966 | €283,906 | -€70,060 | -19.8% |
| Deferred charges and accrued income | 490/1 | €9,031 | €9,719 | +€688 | +7.6% |
| Total equity and liabilities | 10/49 | €733,822 | €678,007 | -€55,815 | -7.6% |
| Equity | 10/15 | €591,252 | €564,672 | -€26,580 | -4.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €469,397 | €439,397 | -€30,000 | -6.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €464,397 | €434,397 | -€30,000 | -6.5% |
| Profit (loss) carried forward | 14 | €71,855 | €75,275 | +€3,420 | +4.8% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €117,570 | €88,335 | -€29,235 | -24.9% |
| Amounts payable after more than one year | 17 | €4,960 | - | -€4,960 | |
| Financial debts | 170/4 | €4,960 | - | -€4,960 | |
| Amounts payable within one year | 42/48 | €112,610 | €88,335 | -€24,275 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €11,592 | €4,960 | -€6,632 | -57.2% |
| Trade debts | 44 | €15,503 | €12,544 | -€2,959 | -19.1% |
| Suppliers | 440/4 | €15,503 | €12,544 | -€2,959 | -19.1% |
| Taxes, remuneration and social security | 45 | €85,514 | €70,830 | -€14,684 | -17.2% |
| Taxes | 450/3 | €40,511 | €29,015 | -€11,496 | -28.4% |
| Remuneration and social security | 454/9 | €45,003 | €41,815 | -€3,188 | -7.1% |
| Remuneration, social security and pensions | 62 | €231,090 | €286,597 | +€55,507 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,783 | €31,928 | -€26,855 | -45.7% |
| Other operating charges | 640/8 | €23,490 | €12,164 | -€11,326 | -48.2% |
| Non-recurring operating charges | 66A | - | €753 | +€753 | |
| Gross operating margin | 9900 | €423,029 | €414,101 | -€8,928 | -2.1% |
| Operating profit (loss) | 9901 | €109,666 | €82,658 | -€27,008 | -24.6% |
| Financial income | 75/76B | €636 | €698 | +€63 | +9.8% |
| Recurring financial income | 75 | €636 | €698 | +€63 | +9.8% |
| Financial charges | 65/66B | €2,214 | €675 | -€1,540 | -69.5% |
| Recurring financial charges | 65 | €2,214 | €675 | -€1,540 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €108,087 | €82,682 | -€25,406 | -23.5% |
| Income taxes | 67/77 | €38,015 | €29,261 | -€8,753 | -23.0% |
| Profit (loss) for the period | 9904 | €70,072 | €53,420 | -€16,652 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,072 | €53,420 | -€16,652 | -23.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.