TMG EUROPE: what changed
TMG EUROPE
Largest movements
- Cash -€298,036
down €298,036 (-100.0%), from €298,062 to €26
mainly Debts after one year (-€304,955) and Net result for the year (-€24,322)
- Tangible fixed assets -€15,608
down €15,608 (-56.8%), from €27,497 to €11,889
of which Furniture and vehicles: -€10,145
- Debts after one year -€304,955
down €304,955 (-95.7%), from €318,530 to €13,574
of which Other amounts payable: -€298,000
- Profit (loss) carried forward -€24,322
down €24,322 (-53.0%), from -€45,888 to -€70,209
- Other debts +€11,574
up €11,574 (+17.2%), from €67,203 to €78,777
- Purchases and services -€7,014
down €7,014 (-52.1%), from €13,450 to €6,437
- Financial charges -€3,966
down €3,966 (-88.1%), from €4,503 to €536
- Gross operating margin +€3,100
up €3,100 (+36.8%), from -€8,414 to -€5,315
- Depreciation -€2,358
down €2,358 (-20.1%), from €11,725 to €9,367
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,621 | €43,652 | -€316,969 | -87.9% |
| Formation expenses | 20 | €904 | €554 | -€350 | -38.7% |
| Fixed assets | 21/28 | €33,988 | €15,867 | -€18,121 | -53.3% |
| Intangible fixed assets | 21 | €6,491 | €3,979 | -€2,513 | -38.7% |
| Tangible fixed assets | 22/27 | €27,497 | €11,889 | -€15,608 | -56.8% |
| Plant, machinery and equipment | 23 | €5,837 | €3,641 | -€2,196 | -37.6% |
| Furniture and vehicles | 24 | €13,025 | €2,880 | -€10,145 | -77.9% |
| Leasing and similar rights | 25 | €8,636 | €5,368 | -€3,268 | -37.8% |
| Current assets | 29/58 | €325,729 | €27,231 | -€298,498 | -91.6% |
| Amounts receivable after more than one year | 29 | €2,760 | €2,760 | = | 0.0% |
| Other amounts receivable | 291 | €2,760 | €2,760 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,316 | €5,571 | -€1,745 | -23.8% |
| Stocks | 30/36 | €7,316 | €5,571 | -€1,745 | -23.8% |
| Amounts receivable within one year | 40/41 | €17,591 | €18,874 | +€1,282 | +7.3% |
| Other amounts receivable | 41 | €17,591 | €18,874 | +€1,282 | +7.3% |
| Cash at bank and in hand | 54/58 | €298,062 | €26 | -€298,036 | -100.0% |
| Total equity and liabilities | 10/49 | €360,621 | €43,652 | -€316,969 | -87.9% |
| Equity | 10/15 | -€35,888 | -€60,209 | -€24,322 | -67.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,888 | -€70,209 | -€24,322 | -53.0% |
| Amounts payable | 17/49 | €396,509 | €103,862 | -€292,647 | -73.8% |
| Amounts payable after more than one year | 17 | €318,530 | €13,574 | -€304,955 | -95.7% |
| Financial debts | 170/4 | €12,130 | €5,174 | -€6,955 | -57.3% |
| Other amounts payable | 178/9 | €306,400 | €8,400 | -€298,000 | -97.3% |
| Amounts payable within one year | 42/48 | €77,979 | €90,287 | +€12,308 | +15.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €160 | +€160 | |
| Suppliers | 440/4 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €10,776 | €11,350 | +€574 | +5.3% |
| Taxes | 450/3 | €10,776 | €11,350 | +€574 | +5.3% |
| Other amounts payable | 47/48 | €67,203 | €78,777 | +€11,574 | +17.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,450 | €6,437 | -€7,014 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,725 | €9,367 | -€2,358 | -20.1% |
| Non-recurring operating charges | 66A | - | €9,104 | +€9,104 | |
| Gross operating margin | 9900 | -€8,414 | -€5,315 | +€3,100 | +36.8% |
| Operating profit (loss) | 9901 | -€20,139 | -€23,786 | -€3,647 | -18.1% |
| Financial charges | 65/66B | €4,503 | €536 | -€3,966 | -88.1% |
| Recurring financial charges | 65 | €4,503 | €536 | -€3,966 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,641 | -€24,322 | +€320 | +1.3% |
| Profit (loss) for the period | 9904 | -€24,641 | -€24,322 | +€320 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,641 | -€24,322 | +€320 | +1.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.