TMG Management: 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.
TMG Management
Largest movements
- Tangible fixed assets +€30,478
up €30,478 (+59.5%), from €51,219 to €81,698
of which Furniture and vehicles: +€30,958
- Deferred charges and accrued income +€1,404
up €1,404 (+81.1%), from €1,732 to €3,136
- Cash -€944
down €944 (-10.5%), from €9,013 to €8,068
mainly Investment in fixed assets (net) (-€47,665) and Tax, wage and social debts (-€6,738)
- Debts after one year +€18,773
up €18,773 (+49.4%), from €38,001 to €56,774
- Current portion of long-term debt +€7,958
up €7,958 (+62.9%), from €12,648 to €20,607
- Tax, wage and social debts -€6,738
down €6,738 (-77.6%), from €8,688 to €1,950
of which Taxes: -€4,138
- Profit (loss) carried forward +€5,771
up €5,771, from -€5,280 to €491
- Other debts +€3,892
up €3,892 (+91.2%), from €4,267 to €8,159
- Gross operating margin +€18,737
up €18,737 (+164%), from €11,437 to €30,174
- Depreciation +€3,722
up €3,722 (+27.6%), from €13,465 to €17,187
- Taxes +€2,816
up €2,816, from -€116 to €2,700
- Other operating charges +€1,889
up €1,889 (+219%), from €863 to €2,752
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 | €61,964 | €93,202 | +€31,238 | +50.4% |
| Fixed assets | 21/28 | €51,219 | €81,698 | +€30,478 | +59.5% |
| Tangible fixed assets | 22/27 | €51,219 | €81,698 | +€30,478 | +59.5% |
| Plant, machinery and equipment | 23 | €1,875 | €1,395 | -€480 | -25.6% |
| Furniture and vehicles | 24 | €49,344 | €80,302 | +€30,958 | +62.7% |
| Current assets | 29/58 | €10,745 | €11,504 | +€760 | +7.1% |
| Amounts receivable within one year | 40/41 | - | €300 | +€300 | |
| Other amounts receivable | 41 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €9,013 | €8,068 | -€944 | -10.5% |
| Deferred charges and accrued income | 490/1 | €1,732 | €3,136 | +€1,404 | +81.1% |
| Total equity and liabilities | 10/49 | €61,964 | €93,202 | +€31,238 | +50.4% |
| Equity | 10/15 | -€2,280 | €3,491 | +€5,771 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,280 | €491 | +€5,771 | |
| Amounts payable | 17/49 | €64,244 | €89,711 | +€25,467 | +39.6% |
| Amounts payable after more than one year | 17 | €38,001 | €56,774 | +€18,773 | +49.4% |
| Financial debts | 170/4 | €38,001 | €56,774 | +€18,773 | +49.4% |
| Amounts payable within one year | 42/48 | €26,243 | €32,938 | +€6,695 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €12,648 | €20,607 | +€7,958 | +62.9% |
| Trade debts | 44 | €639 | €2,222 | +€1,582 | +248% |
| Suppliers | 440/4 | €639 | €2,222 | +€1,582 | +248% |
| Taxes, remuneration and social security | 45 | €8,688 | €1,950 | -€6,738 | -77.6% |
| Taxes | 450/3 | €6,088 | €1,950 | -€4,138 | -68.0% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €4,267 | €8,159 | +€3,892 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,465 | €17,187 | +€3,722 | +27.6% |
| Other operating charges | 640/8 | €863 | €2,752 | +€1,889 | +219% |
| Gross operating margin | 9900 | €11,437 | €30,174 | +€18,737 | +164% |
| Operating profit (loss) | 9901 | -€2,891 | €10,235 | +€13,126 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,800 | €1,764 | -€36 | -2.0% |
| Recurring financial charges | 65 | €1,800 | €1,764 | -€36 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,691 | €8,471 | +€13,162 | |
| Income taxes | 67/77 | -€116 | €2,700 | +€2,816 | |
| Profit (loss) for the period | 9904 | -€4,575 | €5,771 | +€10,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,575 | €5,771 | +€10,346 |
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 20 October 2026 via checked.be.