TM TRANS: 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 TRANS
Largest movements
- Receivables within one year +€16,008
up €16,008 (+4.9%), from €328,160 to €344,168
of which Other amounts receivable: +€23,887
- Deferred charges and accrued income +€11,552
up €11,552 (+1022.2%), from €1,130 to €12,682
- Reserves +€39,024
up €39,024 (+38.5%), from €101,298 to €140,322
of which Distributable reserves: +€39,024
- Debts after one year -€22,041
no longer reported in 2025 (was €22,041)
- Trade debts +€6,074
up €6,074 (+23.1%), from €26,284 to €32,358
- Gross operating margin +€7,235
up €7,235 (+12.5%), from €57,714 to €64,949
- Other operating charges -€3,855
down €3,855 (-66.1%), from €5,828 to €1,974
- Taxes +€3,423
up €3,423 (+29.4%), from €11,643 to €15,066
- Financial charges -€2,149
down €2,149 (-21.2%), from €10,157 to €8,008
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,446 | €358,128 | +€26,682 | +8.1% |
| Fixed assets | 21/28 | €2,156 | €1,278 | -€878 | -40.7% |
| Tangible fixed assets | 22/27 | €2,156 | €1,278 | -€878 | -40.7% |
| Plant, machinery and equipment | 23 | €1,564 | €1,004 | -€560 | -35.8% |
| Other tangible fixed assets | 26 | €592 | €275 | -€318 | -53.6% |
| Current assets | 29/58 | €329,290 | €356,850 | +€27,560 | +8.4% |
| Amounts receivable within one year | 40/41 | €328,160 | €344,168 | +€16,008 | +4.9% |
| Trade receivables | 40 | €24,886 | €17,007 | -€7,879 | -31.7% |
| Other amounts receivable | 41 | €303,274 | €327,161 | +€23,887 | +7.9% |
| Deferred charges and accrued income | 490/1 | €1,130 | €12,682 | +€11,552 | +1022.2% |
| Total equity and liabilities | 10/49 | €331,446 | €358,128 | +€26,682 | +8.1% |
| Equity | 10/15 | €180,298 | €219,322 | +€39,024 | +21.6% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Reserves | 13 | €101,298 | €140,322 | +€39,024 | +38.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €99,398 | €138,422 | +€39,024 | +39.3% |
| Amounts payable | 17/49 | €151,148 | €138,806 | -€12,341 | -8.2% |
| Amounts payable after more than one year | 17 | €22,041 | - | -€22,041 | |
| Financial debts | 170/4 | €22,041 | - | -€22,041 | |
| Amounts payable within one year | 42/48 | €127,308 | €137,281 | +€9,973 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €26,506 | €27,434 | +€927 | +3.5% |
| Financial debts | 43 | €55,936 | €56,663 | +€727 | +1.3% |
| Credit institutions | 430/8 | €55,936 | €56,663 | +€727 | +1.3% |
| Trade debts | 44 | €26,284 | €32,358 | +€6,074 | +23.1% |
| Suppliers | 440/4 | €26,284 | €32,358 | +€6,074 | +23.1% |
| Taxes, remuneration and social security | 45 | €18,582 | €20,827 | +€2,245 | +12.1% |
| Taxes | 450/3 | €18,582 | €20,827 | +€2,245 | +12.1% |
| Accrued charges and deferred income | 492/3 | €1,799 | €1,525 | -€274 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €878 | -€117 | -11.7% |
| Other operating charges | 640/8 | €5,828 | €1,974 | -€3,855 | -66.1% |
| Gross operating margin | 9900 | €57,714 | €64,949 | +€7,235 | +12.5% |
| Operating profit (loss) | 9901 | €50,891 | €62,098 | +€11,207 | +22.0% |
| Financial income | 75/76B | €8 | €0 | -€7 | -94.6% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -94.6% |
| Financial charges | 65/66B | €10,157 | €8,008 | -€2,149 | -21.2% |
| Recurring financial charges | 65 | €10,157 | €8,008 | -€2,149 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €40,742 | €54,090 | +€13,348 | +32.8% |
| Income taxes | 67/77 | €11,643 | €15,066 | +€3,423 | +29.4% |
| Profit (loss) for the period | 9904 | €29,099 | €39,024 | +€9,925 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,099 | €39,024 | +€9,925 | +34.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.