TMD Consultancy: 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.
TMD Consultancy
Largest movements
- Cash +€46,436
up €46,436 (+39.0%), from €119,014 to €165,449
mainly Net result for the year (+€134,135) and Receivables within one year (+€31,193)
- Receivables within one year -€31,193
down €31,193 (-36.6%), from €85,274 to €54,082
- Other debts +€14,966
up €14,966 (+13.4%), from €111,832 to €126,798
- Tax, wage and social debts +€2,672
up €2,672 (+3.9%), from €69,247 to €71,919
- Trade debts -€2,396
down €2,396 (-85.4%), from €2,805 to €409
- Gross operating margin +€8,712
up €8,712 (+5.3%), from €163,818 to €172,529
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 | €204,288 | €219,531 | +€15,243 | +7.5% |
| Current assets | 29/58 | €204,288 | €219,531 | +€15,243 | +7.5% |
| Amounts receivable within one year | 40/41 | €85,274 | €54,082 | -€31,193 | -36.6% |
| Trade receivables | 40 | €85,274 | €54,082 | -€31,193 | -36.6% |
| Cash at bank and in hand | 54/58 | €119,014 | €165,449 | +€46,436 | +39.0% |
| Total equity and liabilities | 10/49 | €204,288 | €219,531 | +€15,243 | +7.5% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €183,883 | €199,126 | +€15,243 | +8.3% |
| Amounts payable within one year | 42/48 | €183,883 | €199,126 | +€15,243 | +8.3% |
| Trade debts | 44 | €2,805 | €409 | -€2,396 | -85.4% |
| Suppliers | 440/4 | €2,805 | €409 | -€2,396 | -85.4% |
| Taxes, remuneration and social security | 45 | €69,247 | €71,919 | +€2,672 | +3.9% |
| Taxes | 450/3 | €69,247 | €71,919 | +€2,672 | +3.9% |
| Other amounts payable | 47/48 | €111,832 | €126,798 | +€14,966 | +13.4% |
| Gross operating margin | 9900 | €163,818 | €172,529 | +€8,712 | +5.3% |
| Operating profit (loss) | 9901 | €163,818 | €172,529 | +€8,712 | +5.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €206 | €207 | +€1 | +0.6% |
| Recurring financial charges | 65 | €206 | €207 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €163,612 | €172,322 | +€8,710 | +5.3% |
| Income taxes | 67/77 | €37,995 | €38,187 | +€191 | +0.5% |
| Profit (loss) for the period | 9904 | €125,616 | €134,135 | +€8,519 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,616 | €134,135 | +€8,519 | +6.8% |
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 18 October 2026 via checked.be.