TMCP: 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.
TMCP
Largest movements
- Cash -€11,334
down €11,334 (-29.4%), from €38,498 to €27,165
mainly Net result for the year (-€5,737) and Receivables within one year (-€3,705)
- Receivables within one year +€3,705
up €3,705 (+86.4%), from €4,287 to €7,992
of which Other amounts receivable: +€2,483
- Tangible fixed assets -€3,632
down €3,632 (-83.3%), from €4,358 to €726
- Profit (loss) carried forward -€5,737
down €5,737 (-13.7%), from €41,979 to €36,243
- Tax, wage and social debts -€3,275
down €3,275 (-50.7%), from €6,459 to €3,185
- Current portion of long-term debt -€2,387
no longer reported in 2024 (was €2,387)
- Gross operating margin +€4,713
up €4,713, from -€3,997 to €716
- Depreciation -€1,686
down €1,686 (-27.4%), from €6,145 to €4,459
- Financial charges +€286
up €286 (+37.9%), from €757 to €1,043
- Other operating charges +€174
up €174 (+37.3%), from €466 to €640
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,985 | €61,570 | -€11,415 | -15.6% |
| Fixed assets | 21/28 | €19,758 | €16,126 | -€3,632 | -18.4% |
| Tangible fixed assets | 22/27 | €4,358 | €726 | -€3,632 | -83.3% |
| Furniture and vehicles | 24 | €4,358 | €726 | -€3,632 | -83.3% |
| Financial fixed assets | 28 | €15,400 | €15,400 | = | 0.0% |
| Current assets | 29/58 | €53,226 | €45,444 | -€7,782 | -14.6% |
| Stocks and contracts in progress | 3 | €10,287 | €10,287 | = | 0.0% |
| Stocks | 30/36 | €10,287 | €10,287 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,287 | €7,992 | +€3,705 | +86.4% |
| Trade receivables | 40 | €2,431 | €3,653 | +€1,222 | +50.3% |
| Other amounts receivable | 41 | €1,856 | €4,339 | +€2,483 | +133.8% |
| Cash at bank and in hand | 54/58 | €38,498 | €27,165 | -€11,334 | -29.4% |
| Deferred charges and accrued income | 490/1 | €154 | - | -€154 | |
| Total equity and liabilities | 10/49 | €72,985 | €61,570 | -€11,415 | -15.6% |
| Equity | 10/15 | €63,979 | €58,243 | -€5,737 | -9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,979 | €36,243 | -€5,737 | -13.7% |
| Amounts payable | 17/49 | €9,005 | €3,327 | -€5,678 | -63.1% |
| Amounts payable within one year | 42/48 | €9,005 | €3,327 | -€5,678 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €2,387 | - | -€2,387 | |
| Trade debts | 44 | €159 | €143 | -€16 | -10.2% |
| Suppliers | 440/4 | €159 | €143 | -€16 | -10.2% |
| Taxes, remuneration and social security | 45 | €6,459 | €3,185 | -€3,275 | -50.7% |
| Taxes | 450/3 | €6,459 | €3,185 | -€3,275 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,145 | €4,459 | -€1,686 | -27.4% |
| Other operating charges | 640/8 | €466 | €640 | +€174 | +37.3% |
| Gross operating margin | 9900 | -€3,997 | €716 | +€4,713 | |
| Operating profit (loss) | 9901 | -€10,608 | -€4,383 | +€6,225 | +58.7% |
| Financial charges | 65/66B | €757 | €1,043 | +€286 | +37.9% |
| Recurring financial charges | 65 | €757 | €1,043 | +€286 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,365 | -€5,426 | +€5,939 | +52.3% |
| Income taxes | 67/77 | €317 | €310 | -€6 | -2.0% |
| Profit (loss) for the period | 9904 | -€11,682 | -€5,737 | +€5,945 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,682 | -€5,737 | +€5,945 | +50.9% |
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 4 October 2026 via checked.be.