TMA Consulting: 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.
TMA Consulting
Largest movements
- Cash +€68,211
up €68,211 (+186%), from €36,656 to €104,867
mainly Net result for the year (+€79,879) and Receivables within one year (+€43,410)
- Receivables within one year -€43,410
down €43,410 (-67.7%), from €64,106 to €20,695
of which Trade receivables: -€50,372
- Profit (loss) carried forward +€79,879
up €79,879 (+98.5%), from -€81,136 to -€1,257
- Trade debts -€27,734
down €27,734 (-86.3%), from €32,153 to €4,419
- Debts after one year -€21,439
down €21,439 (-11.5%), from €186,961 to €165,522
- Current portion of long-term debt -€14,440
down €14,440 (-40.2%), from €35,878 to €21,439
- Other debts +€10,917
up €10,917 (+21.4%), from €51,105 to €62,022
- Gross operating margin +€83,431
up €83,431 (+80.2%), from €104,068 to €187,499
- Financial charges -€28,311
down €28,311 (-85.5%), from €33,099 to €4,788
- Write-downs -€4,560
down €4,560, from €1,780 to -€2,780
- Other operating charges +€3,531
up €3,531 (+85.4%), from €4,133 to €7,664
- Staff costs +€3,307
up €3,307 (+5.0%), from €66,424 to €69,730
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 | €416,913 | €443,866 | +€26,954 | +6.5% |
| Fixed assets | 21/28 | €311,355 | €311,283 | -€72 | 0.0% |
| Tangible fixed assets | 22/27 | €310,855 | €310,783 | -€72 | 0.0% |
| Land and buildings | 22 | €292,857 | €282,328 | -€10,529 | -3.6% |
| Plant, machinery and equipment | 23 | €2,428 | €1,440 | -€987 | -40.7% |
| Furniture and vehicles | 24 | €1,721 | €26,314 | +€24,593 | +1,429% |
| Leasing and similar rights | 25 | €13,722 | €0 | -€13,722 | -100% |
| Other tangible fixed assets | 26 | €127 | €701 | +€574 | +452% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €105,557 | €132,583 | +€27,026 | +25.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €64,106 | €20,695 | -€43,410 | -67.7% |
| Trade receivables | 40 | €52,579 | €2,206 | -€50,372 | -95.8% |
| Other amounts receivable | 41 | €11,527 | €18,489 | +€6,962 | +60.4% |
| Cash at bank and in hand | 54/58 | €36,656 | €104,867 | +€68,211 | +186% |
| Deferred charges and accrued income | 490/1 | €4,796 | €7,021 | +€2,225 | +46.4% |
| Total equity and liabilities | 10/49 | €416,913 | €443,866 | +€26,954 | +6.5% |
| Equity | 10/15 | €101,782 | €181,661 | +€79,879 | +78.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,318 | €164,318 | = | 0.0% |
| Distributable reserves | 133 | €164,318 | €164,318 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,136 | -€1,257 | +€79,879 | +98.5% |
| Amounts payable | 17/49 | €315,131 | €262,206 | -€52,925 | -16.8% |
| Amounts payable after more than one year | 17 | €186,961 | €165,522 | -€21,439 | -11.5% |
| Financial debts | 170/4 | €186,961 | €165,522 | -€21,439 | -11.5% |
| Amounts payable within one year | 42/48 | €128,170 | €96,683 | -€31,487 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €35,878 | €21,439 | -€14,440 | -40.2% |
| Trade debts | 44 | €32,153 | €4,419 | -€27,734 | -86.3% |
| Suppliers | 440/4 | €32,153 | €4,419 | -€27,734 | -86.3% |
| Taxes, remuneration and social security | 45 | €9,033 | €8,804 | -€230 | -2.5% |
| Taxes | 450/3 | €1,405 | €902 | -€503 | -35.8% |
| Remuneration and social security | 454/9 | €7,628 | €7,901 | +€273 | +3.6% |
| Other amounts payable | 47/48 | €51,105 | €62,022 | +€10,917 | +21.4% |
| Non-recurring operating income | 76A | - | €98,394 | +€98,394 | |
| Remuneration, social security and pensions | 62 | €66,424 | €69,730 | +€3,307 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,625 | €26,859 | -€767 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,780 | -€2,780 | -€4,560 | |
| Other operating charges | 640/8 | €4,133 | €7,664 | +€3,531 | +85.4% |
| Gross operating margin | 9900 | €104,068 | €187,499 | +€83,431 | +80.2% |
| Operating profit (loss) | 9901 | €4,107 | €86,026 | +€81,919 | +1,995% |
| Financial charges | 65/66B | €33,099 | €4,788 | -€28,311 | -85.5% |
| Recurring financial charges | 65 | €33,099 | €4,788 | -€28,311 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,993 | €81,237 | +€110,230 | |
| Income taxes | 67/77 | €193 | €1,359 | +€1,166 | +605% |
| Profit (loss) for the period | 9904 | -€29,185 | €79,879 | +€109,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,185 | €79,879 | +€109,064 |
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 26 October 2026 via checked.be.