TMCO.BE: 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.
TMCO.BE
Largest movements
- Cash +€16,627
up €16,627 (+27.2%), from €61,049 to €77,675
mainly Other debts (+€17,149) and Receivables after one year (+€12,543)
- Receivables after one year -€12,543
down €12,543 (-100.0%), from €12,543 to €0
- Tangible fixed assets -€6,534
down €6,534 (-19.4%), from €33,650 to €27,116
of which Plant, machinery and equipment: -€5,957
- Deferred charges and accrued income -€2,325
down €2,325 (-12.6%), from €18,440 to €16,116
- Stocks and contracts -€2,310
down €2,310 (-100.0%), from €2,310 to €0
- Reserves -€19,929
down €19,929 (-17.0%), from €116,967 to €97,039
of which Distributable reserves: -€19,929
- Other debts +€17,149
up €17,149 (+144.2%), from €11,894 to €29,043
- Tax, wage and social debts -€2,498
down €2,498 (-19.3%), from €12,949 to €10,451
- Gross operating margin -€36,759
down €36,759 (-57.0%), from €64,530 to €27,772
- Taxes -€9,201
down €9,201 (-60.9%), from €15,104 to €5,903
- Financial charges -€1,611
down €1,611 (-37.7%), from €4,269 to €2,658
- Depreciation -€1,429
down €1,429 (-17.9%), from €7,964 to €6,534
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
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 | €160,736 | €153,676 | -€7,060 | -4.4% |
| Fixed assets | 21/28 | €35,470 | €28,936 | -€6,534 | -18.4% |
| Tangible fixed assets | 22/27 | €33,650 | €27,116 | -€6,534 | -19.4% |
| Plant, machinery and equipment | 23 | €31,271 | €25,314 | -€5,957 | -19.0% |
| Furniture and vehicles | 24 | €2,379 | €1,802 | -€578 | -24.3% |
| Financial fixed assets | 28 | €1,820 | €1,820 | = | 0.0% |
| Current assets | 29/58 | €125,266 | €124,740 | -€526 | -0.4% |
| Amounts receivable after more than one year | 29 | €12,543 | €0 | -€12,543 | -100.0% |
| Other amounts receivable | 291 | €12,543 | €0 | -€12,543 | -100.0% |
| Stocks and contracts in progress | 3 | €2,310 | €0 | -€2,310 | -100.0% |
| Stocks | 30/36 | €2,310 | €0 | -€2,310 | -100.0% |
| Amounts receivable within one year | 40/41 | €30,925 | €30,949 | +€24 | +0.1% |
| Trade receivables | 40 | €21,671 | €28,955 | +€7,284 | +33.6% |
| Other amounts receivable | 41 | €9,254 | €1,994 | -€7,260 | -78.5% |
| Cash at bank and in hand | 54/58 | €61,049 | €77,675 | +€16,627 | +27.2% |
| Deferred charges and accrued income | 490/1 | €18,440 | €16,116 | -€2,325 | -12.6% |
| Total equity and liabilities | 10/49 | €160,736 | €153,676 | -€7,060 | -4.4% |
| Equity | 10/15 | €129,467 | €109,539 | -€19,929 | -15.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €116,967 | €97,039 | -€19,929 | -17.0% |
| Tax-exempt reserves | 132 | €7,512 | €7,512 | = | 0.0% |
| Distributable reserves | 133 | €109,455 | €89,526 | -€19,929 | -18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,269 | €44,137 | +€12,868 | +41.2% |
| Amounts payable within one year | 42/48 | €31,269 | €44,137 | +€12,868 | +41.2% |
| Financial debts | 43 | €466 | €53 | -€413 | -88.6% |
| Credit institutions | 430/8 | €466 | €53 | -€413 | -88.6% |
| Trade debts | 44 | €5,960 | €4,591 | -€1,370 | -23.0% |
| Suppliers | 440/4 | €5,960 | €4,591 | -€1,370 | -23.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,949 | €10,451 | -€2,498 | -19.3% |
| Taxes | 450/3 | €12,949 | €10,451 | -€2,498 | -19.3% |
| Other amounts payable | 47/48 | €11,894 | €29,043 | +€17,149 | +144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,964 | €6,534 | -€1,429 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,310 | €2,310 | = | 0.0% |
| Other operating charges | 640/8 | €645 | €610 | -€35 | -5.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €64,530 | €27,772 | -€36,759 | -57.0% |
| Operating profit (loss) | 9901 | €53,612 | €18,318 | -€35,294 | -65.8% |
| Financial income | 75/76B | €7 | €9 | +€2 | +24.5% |
| Recurring financial income | 75 | €7 | €9 | +€2 | +24.5% |
| Financial charges | 65/66B | €4,269 | €2,658 | -€1,611 | -37.7% |
| Recurring financial charges | 65 | €4,269 | €2,658 | -€1,611 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €49,350 | €15,668 | -€33,682 | -68.3% |
| Income taxes | 67/77 | €15,104 | €5,903 | -€9,201 | -60.9% |
| Profit (loss) for the period | 9904 | €34,247 | €9,766 | -€24,481 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,247 | €9,766 | -€24,481 | -71.5% |
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 10 October 2026 via checked.be.