TME: 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.
TME
Largest movements
- Receivables after one year +€109,593
up €109,593 (+111.8%), from €98,000 to €207,593
- Cash +€11,027
up €11,027 (+252.4%), from €4,368 to €15,395
mainly Other debts (+€72,642) and Net result for the year (+€40,732)
- Receivables within one year -€10,691
down €10,691 (-88.8%), from €12,042 to €1,351
of which Trade receivables: -€10,924
- Deferred charges and accrued income +€4,452
up €4,452 (+80.7%), from €5,516 to €9,968
- Other debts +€72,642
up €72,642 (+20017.6%), from €363 to €73,005
- Debts after one year +€33,888
new in 2025: €33,888
- Reserves -€32,300
down €32,300 (-44.2%), from €73,000 to €40,700
- Short-term financial debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€19,791
up €19,791 (+62.2%), from €31,802 to €51,593
of which Taxes: +€14,780
- Gross operating margin +€34,962
up €34,962 (+23.2%), from €150,814 to €185,776
- Staff costs +€27,318
up €27,318 (+31.7%), from €86,255 to €113,573
- Financial charges +€3,148
up €3,148 (+36.7%), from €8,585 to €11,734
- Other operating charges -€2,080
down €2,080 (-37.7%), from €5,517 to €3,437
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 | €129,654 | €242,161 | +€112,507 | +86.8% |
| Fixed assets | 21/28 | €9,727 | €7,854 | -€1,873 | -19.3% |
| Tangible fixed assets | 22/27 | €9,547 | €7,674 | -€1,873 | -19.6% |
| Furniture and vehicles | 24 | €2,210 | €1,642 | -€567 | -25.7% |
| Other tangible fixed assets | 26 | €7,338 | €6,032 | -€1,306 | -17.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €119,926 | €234,306 | +€114,380 | +95.4% |
| Amounts receivable after more than one year | 29 | €98,000 | €207,593 | +€109,593 | +111.8% |
| Other amounts receivable | 291 | €98,000 | €207,593 | +€109,593 | +111.8% |
| Amounts receivable within one year | 40/41 | €12,042 | €1,351 | -€10,691 | -88.8% |
| Trade receivables | 40 | €12,042 | €1,118 | -€10,924 | -90.7% |
| Other amounts receivable | 41 | - | €233 | +€233 | |
| Cash at bank and in hand | 54/58 | €4,368 | €15,395 | +€11,027 | +252.4% |
| Deferred charges and accrued income | 490/1 | €5,516 | €9,968 | +€4,452 | +80.7% |
| Total equity and liabilities | 10/49 | €129,654 | €242,161 | +€112,507 | +86.8% |
| Equity | 10/15 | €76,473 | €44,205 | -€32,268 | -42.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €40,700 | -€32,300 | -44.2% |
| Distributable reserves | 133 | €73,000 | €40,700 | -€32,300 | -44.2% |
| Profit (loss) carried forward | 14 | €473 | €505 | +€32 | +6.8% |
| Amounts payable | 17/49 | €53,181 | €197,955 | +€144,775 | +272.2% |
| Amounts payable after more than one year | 17 | - | €33,888 | +€33,888 | |
| Financial debts | 170/4 | - | €33,888 | +€33,888 | |
| Amounts payable within one year | 42/48 | €51,181 | €161,167 | +€109,986 | +214.9% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €8,666 | -€8,334 | -49.0% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €1,290 | €7,903 | +€6,613 | +512.5% |
| Suppliers | 440/4 | €1,290 | €7,903 | +€6,613 | +512.5% |
| Advances received on contracts in progress | 46 | €726 | - | -€726 | |
| Taxes, remuneration and social security | 45 | €31,802 | €51,593 | +€19,791 | +62.2% |
| Taxes | 450/3 | €16,462 | €31,242 | +€14,780 | +89.8% |
| Remuneration and social security | 454/9 | €15,340 | €20,351 | +€5,012 | +32.7% |
| Other amounts payable | 47/48 | €363 | €73,005 | +€72,642 | +20017.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,901 | +€901 | +45.0% |
| Remuneration, social security and pensions | 62 | €86,255 | €113,573 | +€27,318 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,873 | +€373 | +24.8% |
| Other operating charges | 640/8 | €5,517 | €3,437 | -€2,080 | -37.7% |
| Gross operating margin | 9900 | €150,814 | €185,776 | +€34,962 | +23.2% |
| Operating profit (loss) | 9901 | €57,541 | €66,892 | +€9,351 | +16.3% |
| Financial income | 75/76B | €1,527 | €3,056 | +€1,529 | +100.1% |
| Recurring financial income | 75 | €1,527 | €3,056 | +€1,529 | +100.1% |
| Financial charges | 65/66B | €8,585 | €11,734 | +€3,148 | +36.7% |
| Recurring financial charges | 65 | €8,585 | €11,734 | +€3,148 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €50,483 | €58,214 | +€7,731 | +15.3% |
| Income taxes | 67/77 | €18,479 | €17,482 | -€996 | -5.4% |
| Profit (loss) for the period | 9904 | €32,004 | €40,732 | +€8,728 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,004 | €40,732 | +€8,728 | +27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.