TMC GROUP: 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.
TMC GROUP
Largest movements
- Tangible fixed assets -€58,890
down €58,890 (-25.6%), from €229,673 to €170,783
of which Leasing and similar rights: -€59,212
- Receivables within one year +€12,432
up €12,432 (+9.2%), from €135,724 to €148,156
of which Trade receivables: +€8,430
- Trade debts +€51,370
up €51,370 (+276.6%), from €18,572 to €69,942
- Debts after one year -€46,682
down €46,682 (-25.9%), from €180,566 to €133,884
of which Financial debts: -€46,682
- Profit (loss) carried forward -€37,000
down €37,000, from €23,185 to -€13,815
- Other debts -€26,179
no longer reported in 2024 (was €26,179)
- Short-term financial debts +€25,088
up €25,088 (+100.8%), from €24,889 to €49,976
- Gross operating margin +€57,720
up €57,720 (+16.8%), from €343,355 to €401,075
- Staff costs +€49,476
up €49,476 (+26.9%), from €183,665 to €233,141
- Other operating charges +€39,376
up €39,376 (+57.4%), from €68,578 to €107,955
- Depreciation +€13,322
up €13,322 (+20.2%), from €65,810 to €79,132
From the 2023 result to the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,801 | €348,343 | -€46,458 | -11.8% |
| Fixed assets | 21/28 | €259,078 | €200,188 | -€58,890 | -22.7% |
| Tangible fixed assets | 22/27 | €229,673 | €170,783 | -€58,890 | -25.6% |
| Plant, machinery and equipment | 23 | €243 | - | -€243 | |
| Furniture and vehicles | 24 | €1,534 | €2,098 | +€565 | +36.8% |
| Leasing and similar rights | 25 | €227,896 | €168,685 | -€59,212 | -26.0% |
| Financial fixed assets | 28 | €29,405 | €29,405 | = | 0.0% |
| Current assets | 29/58 | €135,724 | €148,156 | +€12,432 | +9.2% |
| Amounts receivable within one year | 40/41 | €135,724 | €148,156 | +€12,432 | +9.2% |
| Trade receivables | 40 | €131,445 | €139,875 | +€8,430 | +6.4% |
| Other amounts receivable | 41 | €4,278 | €8,281 | +€4,003 | +93.6% |
| Total equity and liabilities | 10/49 | €394,801 | €348,343 | -€46,458 | -11.8% |
| Equity | 10/15 | €48,185 | €11,185 | -€37,000 | -76.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,185 | -€13,815 | -€37,000 | |
| Amounts payable | 17/49 | €346,616 | €337,159 | -€9,458 | -2.7% |
| Amounts payable after more than one year | 17 | €180,566 | €133,884 | -€46,682 | -25.9% |
| Financial debts | 170/4 | €156,566 | €109,884 | -€46,682 | -29.8% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,050 | €203,275 | +€37,225 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €63,333 | €58,162 | -€5,171 | -8.2% |
| Financial debts | 43 | €24,889 | €49,976 | +€25,088 | +100.8% |
| Credit institutions | 430/8 | €24,889 | €49,976 | +€25,088 | +100.8% |
| Trade debts | 44 | €18,572 | €69,942 | +€51,370 | +276.6% |
| Suppliers | 440/4 | €18,572 | €69,942 | +€51,370 | +276.6% |
| Taxes, remuneration and social security | 45 | €33,078 | €25,194 | -€7,883 | -23.8% |
| Taxes | 450/3 | €6,653 | €10,975 | +€4,322 | +65.0% |
| Remuneration and social security | 454/9 | €26,425 | €14,220 | -€12,205 | -46.2% |
| Other amounts payable | 47/48 | €26,179 | - | -€26,179 | |
| Remuneration, social security and pensions | 62 | €183,665 | €233,141 | +€49,476 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,810 | €79,132 | +€13,322 | +20.2% |
| Other operating charges | 640/8 | €68,578 | €107,955 | +€39,376 | +57.4% |
| Gross operating margin | 9900 | €343,355 | €401,075 | +€57,720 | +16.8% |
| Operating profit (loss) | 9901 | €25,302 | -€19,152 | -€44,454 | |
| Financial charges | 65/66B | €15,361 | €17,848 | +€2,487 | +16.2% |
| Recurring financial charges | 65 | €15,361 | €17,848 | +€2,487 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €9,941 | -€37,000 | -€46,941 | |
| Profit (loss) for the period | 9904 | €9,941 | -€37,000 | -€46,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,941 | -€37,000 | -€46,941 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.