TMA DESIGN MENUISERIE: 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 DESIGN MENUISERIE
Largest movements
- Receivables within one year +€28,934
up €28,934 (+44.5%), from €64,976 to €93,909
of which Trade receivables: +€22,568
- Intangible fixed assets -€19,100
down €19,100 (-11.7%), from €163,841 to €144,741
- Deferred charges and accrued income -€16,992
no longer reported in 2025 (was €16,992)
- Tangible fixed assets -€15,608
down €15,608 (-17.9%), from €87,364 to €71,756
of which Plant, machinery and equipment: -€12,590
- Tax, wage and social debts +€54,948
up €54,948 (+151%), from €36,323 to €91,272
of which Remuneration and social security: +€38,194
- Debts after one year -€42,583
down €42,583 (-19.8%), from €214,789 to €172,206
- Short-term financial debts -€37,633
down €37,633 (-53.7%), from €70,044 to €32,411
- Profit (loss) carried forward +€27,687
up €27,687 (+20.6%), from -€134,424 to -€106,736
- Trade debts -€25,899
down €25,899 (-29.7%), from €87,177 to €61,279
- Gross operating margin +€212,091
up €212,091 (+75.9%), from €279,300 to €491,391
- Staff costs +€43,781
up €43,781 (+12.0%), from €365,206 to €408,987
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
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 | €358,618 | €335,307 | -€23,311 | -6.5% |
| Fixed assets | 21/28 | €251,206 | €216,497 | -€34,708 | -13.8% |
| Intangible fixed assets | 21 | €163,841 | €144,741 | -€19,100 | -11.7% |
| Tangible fixed assets | 22/27 | €87,364 | €71,756 | -€15,608 | -17.9% |
| Plant, machinery and equipment | 23 | €78,151 | €65,560 | -€12,590 | -16.1% |
| Furniture and vehicles | 24 | €9,214 | €6,196 | -€3,018 | -32.8% |
| Current assets | 29/58 | €107,413 | €118,810 | +€11,397 | +10.6% |
| Stocks and contracts in progress | 3 | €25,445 | €24,900 | -€545 | -2.1% |
| Stocks | 30/36 | €25,445 | €24,900 | -€545 | -2.1% |
| Amounts receivable within one year | 40/41 | €64,976 | €93,909 | +€28,934 | +44.5% |
| Trade receivables | 40 | €59,790 | €82,358 | +€22,568 | +37.7% |
| Other amounts receivable | 41 | €5,186 | €11,551 | +€6,366 | +123% |
| Deferred charges and accrued income | 490/1 | €16,992 | - | -€16,992 | |
| Total equity and liabilities | 10/49 | €358,618 | €335,307 | -€23,311 | -6.5% |
| Equity | 10/15 | -€94,424 | -€66,736 | +€27,687 | +29.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,424 | -€106,736 | +€27,687 | +20.6% |
| Amounts payable | 17/49 | €453,042 | €402,043 | -€50,999 | -11.3% |
| Amounts payable after more than one year | 17 | €214,789 | €172,206 | -€42,583 | -19.8% |
| Financial debts | 170/4 | €214,789 | €172,206 | -€42,583 | -19.8% |
| Amounts payable within one year | 42/48 | €238,253 | €229,837 | -€8,416 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €44,708 | €44,876 | +€168 | +0.4% |
| Financial debts | 43 | €70,044 | €32,411 | -€37,633 | -53.7% |
| Credit institutions | 430/8 | €70,044 | €32,411 | -€37,633 | -53.7% |
| Trade debts | 44 | €87,177 | €61,279 | -€25,899 | -29.7% |
| Suppliers | 440/4 | €87,177 | €61,279 | -€25,899 | -29.7% |
| Taxes, remuneration and social security | 45 | €36,323 | €91,272 | +€54,948 | +151% |
| Taxes | 450/3 | €1,439 | €18,194 | +€16,754 | +1,164% |
| Remuneration and social security | 454/9 | €34,884 | €73,078 | +€38,194 | +109% |
| Remuneration, social security and pensions | 62 | €365,206 | €408,987 | +€43,781 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,490 | €34,708 | +€218 | +0.6% |
| Other operating charges | 640/8 | €443 | €261 | -€182 | -41.0% |
| Gross operating margin | 9900 | €279,300 | €491,391 | +€212,091 | +75.9% |
| Operating profit (loss) | 9901 | -€120,840 | €47,434 | +€168,273 | |
| Financial income | 75/76B | €11 | €564 | +€552 | +4,968% |
| Recurring financial income | 75 | €11 | €564 | +€552 | +4,968% |
| Financial charges | 65/66B | €20,364 | €20,310 | -€53 | -0.3% |
| Recurring financial charges | 65 | €20,364 | €20,310 | -€53 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€141,192 | €27,687 | +€168,879 | |
| Profit (loss) for the period | 9904 | -€141,192 | €27,687 | +€168,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€141,192 | €27,687 | +€168,879 |
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 20 October 2026 via checked.be.