TMD CONSULTING: 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 CONSULTING
Largest movements
- Cash -€13,349
down €13,349 (-67.2%), from €19,854 to €6,505
mainly Trade debts (-€15,847) and Tax, wage and social debts (-€13,034)
- Receivables within one year +€5,310
up €5,310 (+4.7%), from €113,777 to €119,087
of which Other amounts receivable: +€33,470
- Tangible fixed assets +€4,673
up €4,673 (+51.9%), from €9,006 to €13,679
of which Plant, machinery and equipment: +€3,497
- Other debts +€21,072
up €21,072 (+1,394%), from €1,512 to €22,584
- Trade debts -€15,847
down €15,847 (-79.0%), from €20,066 to €4,219
- Tax, wage and social debts -€13,034
down €13,034 (-71.6%), from €18,209 to €5,174
- Advances received +€12,500
new in 2023: €12,500
- Current portion of long-term debt -€9,957
down €9,957 (-51.3%), from €19,426 to €9,469
- Gross operating margin -€172,530
down €172,530 (-89.2%), from €193,390 to €20,860
- Financial charges -€52,187
down €52,187 (-96.7%), from €53,958 to €1,771
of which Non-recurring financial charges: -€51,347
- Taxes -€25,820
down €25,820 (-84.7%), from €30,495 to €4,675
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,292 | €188,184 | -€5,108 | -2.6% |
| Fixed assets | 21/28 | €10,610 | €15,282 | +€4,673 | +44.0% |
| Tangible fixed assets | 22/27 | €9,006 | €13,679 | +€4,673 | +51.9% |
| Plant, machinery and equipment | 23 | - | €3,497 | +€3,497 | |
| Furniture and vehicles | 24 | €7,013 | €6,428 | -€585 | -8.3% |
| Other tangible fixed assets | 26 | €1,993 | €3,753 | +€1,760 | +88.3% |
| Financial fixed assets | 28 | €1,603 | €1,603 | = | 0.0% |
| Current assets | 29/58 | €182,682 | €172,902 | -€9,780 | -5.4% |
| Amounts receivable within one year | 40/41 | €113,777 | €119,087 | +€5,310 | +4.7% |
| Trade receivables | 40 | €48,669 | €20,510 | -€28,160 | -57.9% |
| Other amounts receivable | 41 | €65,107 | €98,577 | +€33,470 | +51.4% |
| Cash at bank and in hand | 54/58 | €19,854 | €6,505 | -€13,349 | -67.2% |
| Deferred charges and accrued income | 490/1 | €49,052 | €47,310 | -€1,742 | -3.6% |
| Total equity and liabilities | 10/49 | €193,292 | €188,184 | -€5,108 | -2.6% |
| Equity | 10/15 | €107,013 | €116,640 | +€9,627 | +9.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,013 | €112,640 | +€9,627 | +9.3% |
| Amounts payable | 17/49 | €86,279 | €71,544 | -€14,735 | -17.1% |
| Amounts payable after more than one year | 17 | €27,068 | €17,599 | -€9,469 | -35.0% |
| Financial debts | 170/4 | €27,068 | €17,599 | -€9,469 | -35.0% |
| Amounts payable within one year | 42/48 | €59,211 | €53,945 | -€5,266 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €19,426 | €9,469 | -€9,957 | -51.3% |
| Trade debts | 44 | €20,066 | €4,219 | -€15,847 | -79.0% |
| Suppliers | 440/4 | €20,066 | €4,219 | -€15,847 | -79.0% |
| Advances received on contracts in progress | 46 | - | €12,500 | +€12,500 | |
| Taxes, remuneration and social security | 45 | €18,209 | €5,174 | -€13,034 | -71.6% |
| Taxes | 450/3 | €18,209 | €5,174 | -€13,034 | -71.6% |
| Other amounts payable | 47/48 | €1,512 | €22,584 | +€21,072 | +1,394% |
| Non-recurring operating income | 76A | €45,934 | €9,091 | -€36,843 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €3,244 | +€950 | +41.4% |
| Other operating charges | 640/8 | €3,632 | €1,708 | -€1,924 | -53.0% |
| Gross operating margin | 9900 | €193,390 | €20,860 | -€172,530 | -89.2% |
| Operating profit (loss) | 9901 | €187,465 | €15,908 | -€171,557 | -91.5% |
| Financial income | 75/76B | €1 | €59 | +€58 | +4,606% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +4,606% |
| Financial charges | 65/66B | €53,958 | €1,771 | -€52,187 | -96.7% |
| Recurring financial charges | 65 | €2,611 | €1,771 | -€840 | -32.2% |
| Non-recurring financial charges | 66B | €51,347 | - | -€51,347 | |
| Profit (loss) for the period before taxes | 9903 | €133,508 | €14,196 | -€119,312 | -89.4% |
| Income taxes | 67/77 | €30,495 | €4,675 | -€25,820 | -84.7% |
| Profit (loss) for the period | 9904 | €103,013 | €9,521 | -€93,492 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,013 | €9,521 | -€93,492 | -90.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.