TMC Qonnected: 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.
TMC Qonnected
Largest movements
- Receivables within one year +€7,438
up €7,438 (+32.2%), from €23,078 to €30,516
of which Trade receivables: +€5,153
- Cash +€3,766
up €3,766 (+3,368%), from €112 to €3,878
mainly Net result for the year (+€11,836) and Depreciation (+€3,830)
- Tangible fixed assets -€2,645
down €2,645 (-39.6%), from €6,672 to €4,027
of which Furniture and vehicles: -€2,064
- Deferred charges and accrued income +€1,075
up €1,075 (+84.6%), from €1,270 to €2,345
- Reserves +€28,373
new in 2025: €28,373
- Profit (loss) carried forward -€16,537
no longer reported in 2025 (was €16,537)
- Tax, wage and social debts -€2,111
down €2,111 (-23.3%), from €9,068 to €6,957
of which Taxes: -€2,025
- Gross operating margin +€4,536
up €4,536 (+25.2%), from €17,967 to €22,502
- Staff costs -€2,605
no longer reported in 2025 (was €2,605)
- Taxes +€1,453
up €1,453 (+66.9%), from €2,171 to €3,624
- Depreciation -€1,301
down €1,301 (-25.4%), from €5,131 to €3,830
- Other operating charges +€713
up €713 (+151%), from €473 to €1,186
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 | €31,145 | €40,765 | +€9,619 | +30.9% |
| Formation expenses | 20 | €14 | €0 | -€14 | -100% |
| Fixed assets | 21/28 | €6,672 | €4,027 | -€2,645 | -39.6% |
| Tangible fixed assets | 22/27 | €6,672 | €4,027 | -€2,645 | -39.6% |
| Plant, machinery and equipment | 23 | €1,387 | €805 | -€581 | -41.9% |
| Furniture and vehicles | 24 | €5,285 | €3,221 | -€2,064 | -39.0% |
| Current assets | 29/58 | €24,460 | €36,738 | +€12,278 | +50.2% |
| Amounts receivable within one year | 40/41 | €23,078 | €30,516 | +€7,438 | +32.2% |
| Trade receivables | 40 | €23,069 | €28,221 | +€5,153 | +22.3% |
| Other amounts receivable | 41 | €9 | €2,294 | +€2,285 | +25,030% |
| Cash at bank and in hand | 54/58 | €112 | €3,878 | +€3,766 | +3,368% |
| Deferred charges and accrued income | 490/1 | €1,270 | €2,345 | +€1,075 | +84.6% |
| Total equity and liabilities | 10/49 | €31,145 | €40,765 | +€9,619 | +30.9% |
| Equity | 10/15 | €21,537 | €33,373 | +€11,836 | +55.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €28,373 | +€28,373 | |
| Distributable reserves | 133 | - | €28,373 | +€28,373 | |
| Profit (loss) carried forward | 14 | €16,537 | - | -€16,537 | |
| Amounts payable | 17/49 | €9,608 | €7,391 | -€2,217 | -23.1% |
| Amounts payable within one year | 42/48 | €9,608 | €7,391 | -€2,217 | -23.1% |
| Trade debts | 44 | €387 | €435 | +€48 | +12.3% |
| Suppliers | 440/4 | €387 | €435 | +€48 | +12.3% |
| Taxes, remuneration and social security | 45 | €9,068 | €6,957 | -€2,111 | -23.3% |
| Taxes | 450/3 | €8,982 | €6,957 | -€2,025 | -22.5% |
| Remuneration and social security | 454/9 | €86 | - | -€86 | |
| Other amounts payable | 47/48 | €153 | - | -€153 | |
| Non-recurring operating income | 76A | - | €329 | +€329 | |
| Remuneration, social security and pensions | 62 | €2,605 | - | -€2,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €3,830 | -€1,301 | -25.4% |
| Other operating charges | 640/8 | €473 | €1,186 | +€713 | +151% |
| Gross operating margin | 9900 | €17,967 | €22,502 | +€4,536 | +25.2% |
| Operating profit (loss) | 9901 | €9,758 | €17,486 | +€7,728 | +79.2% |
| Financial income | 75/76B | - | €129 | +€129 | |
| Recurring financial income | 75 | - | €129 | +€129 | |
| Financial charges | 65/66B | €1,859 | €2,155 | +€296 | +15.9% |
| Recurring financial charges | 65 | €1,859 | €2,155 | +€296 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €7,898 | €15,460 | +€7,562 | +95.7% |
| Income taxes | 67/77 | €2,171 | €3,624 | +€1,453 | +66.9% |
| Profit (loss) for the period | 9904 | €5,728 | €11,836 | +€6,108 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €5,728 | €11,836 | +€6,108 | +107% |
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 15 October 2026 via checked.be.