TM TRADUCTION: 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 TRADUCTION
Largest movements
- Tangible fixed assets +€33,786
up €33,786 (+378.7%), from €8,921 to €42,707
of which Furniture and vehicles: +€34,716
- Cash -€4,343
down €4,343 (-7.5%), from €58,173 to €53,830
mainly Investment in fixed assets (net) (-€39,771) and Contributions, distributions and other (-€37,647)
- Receivables within one year -€2,517
down €2,517 (-6.1%), from €41,055 to €38,538
of which Trade receivables: -€1,589
- Other debts +€32,000
new in 2025: €32,000
- Profit (loss) carried forward -€28,699
down €28,699 (-82.8%), from €34,653 to €5,955
- Debts after one year +€17,543
new in 2025: €17,543
- Reserves +€5,000
up €5,000 (+11.6%), from €43,000 to €48,000
- Current portion of long-term debt +€4,757
new in 2025: €4,757
- Gross operating margin +€12,021
up €12,021 (+50.4%), from €23,847 to €35,868
- Other operating charges +€5,425
up €5,425 (+900.6%), from €602 to €6,027
- Write-downs +€4,028
new in 2025: €4,028
- Depreciation +€2,732
up €2,732 (+84.0%), from €3,253 to €5,985
- Financial charges +€655
up €655 (+342.2%), from €191 to €846
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 | €109,179 | €137,107 | +€27,929 | +25.6% |
| Fixed assets | 21/28 | €8,964 | €42,750 | +€33,786 | +376.9% |
| Tangible fixed assets | 22/27 | €8,921 | €42,707 | +€33,786 | +378.7% |
| Plant, machinery and equipment | 23 | €8,253 | €7,323 | -€930 | -11.3% |
| Furniture and vehicles | 24 | €668 | €35,384 | +€34,716 | +5195.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €100,214 | €94,357 | -€5,857 | -5.8% |
| Amounts receivable within one year | 40/41 | €41,055 | €38,538 | -€2,517 | -6.1% |
| Trade receivables | 40 | €34,959 | €33,370 | -€1,589 | -4.5% |
| Other amounts receivable | 41 | €6,096 | €5,168 | -€927 | -15.2% |
| Cash at bank and in hand | 54/58 | €58,173 | €53,830 | -€4,343 | -7.5% |
| Deferred charges and accrued income | 490/1 | €987 | €1,989 | +€1,003 | +101.6% |
| Total equity and liabilities | 10/49 | €109,179 | €137,107 | +€27,929 | +25.6% |
| Equity | 10/15 | €97,039 | €73,340 | -€23,699 | -24.4% |
| Contributions | 10/11 | €19,385 | €19,385 | = | 0.0% |
| Reserves | 13 | €43,000 | €48,000 | +€5,000 | +11.6% |
| Distributable reserves | 133 | €43,000 | €48,000 | +€5,000 | +11.6% |
| Profit (loss) carried forward | 14 | €34,653 | €5,955 | -€28,699 | -82.8% |
| Amounts payable | 17/49 | €12,140 | €63,767 | +€51,627 | +425.3% |
| Amounts payable after more than one year | 17 | - | €17,543 | +€17,543 | |
| Financial debts | 170/4 | - | €17,543 | +€17,543 | |
| Amounts payable within one year | 42/48 | €12,140 | €46,224 | +€34,084 | +280.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,757 | +€4,757 | |
| Trade debts | 44 | €2,171 | €2,510 | +€339 | +15.6% |
| Suppliers | 440/4 | €2,171 | €2,510 | +€339 | +15.6% |
| Taxes, remuneration and social security | 45 | €9,969 | €6,958 | -€3,011 | -30.2% |
| Taxes | 450/3 | €9,969 | €6,958 | -€3,011 | -30.2% |
| Other amounts payable | 47/48 | - | €32,000 | +€32,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €5,985 | +€2,732 | +84.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,028 | +€4,028 | |
| Other operating charges | 640/8 | €602 | €6,027 | +€5,425 | +900.6% |
| Gross operating margin | 9900 | €23,847 | €35,868 | +€12,021 | +50.4% |
| Operating profit (loss) | 9901 | €19,992 | €19,828 | -€164 | -0.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €191 | €846 | +€655 | +342.2% |
| Recurring financial charges | 65 | €191 | €846 | +€655 | +342.2% |
| Profit (loss) for the period before taxes | 9903 | €19,801 | €18,983 | -€818 | -4.1% |
| Income taxes | 67/77 | €5,688 | €5,034 | -€653 | -11.5% |
| Profit (loss) for the period | 9904 | €14,113 | €13,948 | -€165 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,113 | €13,948 | -€165 | -1.2% |
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 9 October 2026 via checked.be.