TM-TECH: 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-TECH
Largest movements
- Receivables within one year +€19,341
up €19,341 (+133%), from €14,495 to €33,835
of which Trade receivables: +€19,413
- Cash -€6,827
down €6,827 (-5.1%), from €133,415 to €126,588
mainly Other debts (-€40,895) and Receivables within one year (-€19,341)
- Deferred charges and accrued income +€1,676
up €1,676 (+211%), from €796 to €2,472
- Profit (loss) carried forward +€59,674
up €59,674 (+52.2%), from -€114,231 to -€54,557
- Other debts -€40,895
down €40,895 (-72.7%), from €56,275 to €15,380
- Trade debts -€4,068
down €4,068 (-41.7%), from €9,749 to €5,681
- Gross operating margin +€30,991
up €30,991 (+95.2%), from €32,557 to €63,547
- Financial charges -€10,060
down €10,060 (-95.2%), from €10,566 to €506
- Other operating charges +€647
up €647 (+44.5%), from €1,454 to €2,101
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 | €153,801 | €167,019 | +€13,219 | +8.6% |
| Fixed assets | 21/28 | €5,095 | €4,125 | -€971 | -19.0% |
| Tangible fixed assets | 22/27 | €5,095 | €4,125 | -€971 | -19.0% |
| Plant, machinery and equipment | 23 | €2,858 | €2,339 | -€519 | -18.1% |
| Furniture and vehicles | 24 | €2,237 | €1,785 | -€452 | -20.2% |
| Current assets | 29/58 | €148,705 | €162,895 | +€14,189 | +9.5% |
| Amounts receivable within one year | 40/41 | €14,495 | €33,835 | +€19,341 | +133% |
| Trade receivables | 40 | €14,422 | €33,835 | +€19,413 | +135% |
| Other amounts receivable | 41 | €73 | - | -€73 | |
| Cash at bank and in hand | 54/58 | €133,415 | €126,588 | -€6,827 | -5.1% |
| Deferred charges and accrued income | 490/1 | €796 | €2,472 | +€1,676 | +211% |
| Total equity and liabilities | 10/49 | €153,801 | €167,019 | +€13,219 | +8.6% |
| Equity | 10/15 | €77,865 | €137,539 | +€59,674 | +76.6% |
| Contributions | 10/11 | €100,460 | €100,460 | = | 0.0% |
| Reserves | 13 | €91,636 | €91,636 | = | 0.0% |
| Distributable reserves | 133 | €91,636 | €91,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,231 | -€54,557 | +€59,674 | +52.2% |
| Amounts payable | 17/49 | €75,936 | €29,480 | -€46,456 | -61.2% |
| Amounts payable within one year | 42/48 | €75,936 | €29,480 | -€46,456 | -61.2% |
| Trade debts | 44 | €9,749 | €5,681 | -€4,068 | -41.7% |
| Suppliers | 440/4 | €9,749 | €5,681 | -€4,068 | -41.7% |
| Taxes, remuneration and social security | 45 | €9,912 | €8,420 | -€1,493 | -15.1% |
| Taxes | 450/3 | €9,912 | €8,420 | -€1,493 | -15.1% |
| Other amounts payable | 47/48 | €56,275 | €15,380 | -€40,895 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €971 | +€215 | +28.4% |
| Other operating charges | 640/8 | €1,454 | €2,101 | +€647 | +44.5% |
| Gross operating margin | 9900 | €32,557 | €63,547 | +€30,991 | +95.2% |
| Operating profit (loss) | 9901 | €30,347 | €60,476 | +€30,129 | +99.3% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €10,566 | €506 | -€10,060 | -95.2% |
| Recurring financial charges | 65 | €10,566 | €506 | -€10,060 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €19,781 | €59,976 | +€40,195 | +203% |
| Income taxes | 67/77 | €295 | €301 | +€6 | +2.1% |
| Profit (loss) for the period | 9904 | €19,486 | €59,674 | +€40,188 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €19,486 | €59,674 | +€40,188 | +206% |
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 22 October 2026 via checked.be.