TMGEST: 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.
TMGEST
Largest movements
- Cash -€9,476
down €9,476 (-69.9%), from €13,547 to €4,071
mainly Investment in fixed assets (net) (-€13,015) and Other debts (-€10,573)
- Tangible fixed assets +€4,148
up €4,148 (+11.4%), from €36,507 to €40,655
of which Land and buildings: +€4,334
- Receivables within one year +€1,607
up €1,607 (+511.6%), from €314 to €1,921
of which Trade receivables: +€1,765
- Intangible fixed assets -€833
down €833 (-42.9%), from €1,944 to €1,111
- Other debts -€10,573
down €10,573 (-74.3%), from €14,236 to €3,663
- Reserves +€6,500
new in 2024: €6,500
- Debts after one year -€5,881
down €5,881 (-28.6%), from €20,568 to €14,687
- Trade debts +€4,318
up €4,318 (+288.4%), from €1,497 to €5,815
- Tax, wage and social debts +€726
up €726 (+26.4%), from €2,745 to €3,471
- Turnover +€51,227
up €51,227 (+112.3%), from €45,630 to €96,857
- Purchases and services +€43,954
up €43,954 (+139.5%), from €31,499 to €75,452
- Gross operating margin +€7,274
up €7,274 (+51.5%), from €14,131 to €21,405
- Depreciation +€3,358
up €3,358 (+52.9%), from €6,342 to €9,700
- Staff costs -€2,959
down €2,959 (-99.9%), from €2,962 to €2
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,509 | €49,070 | -€4,439 | -8.3% |
| Fixed assets | 21/28 | €39,351 | €42,666 | +€3,315 | +8.4% |
| Intangible fixed assets | 21 | €1,944 | €1,111 | -€833 | -42.9% |
| Tangible fixed assets | 22/27 | €36,507 | €40,655 | +€4,148 | +11.4% |
| Land and buildings | 22 | €35,748 | €40,082 | +€4,334 | +12.1% |
| Furniture and vehicles | 24 | €759 | €573 | -€186 | -24.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €14,158 | €6,404 | -€7,754 | -54.8% |
| Amounts receivable within one year | 40/41 | €314 | €1,921 | +€1,607 | +511.6% |
| Trade receivables | 40 | - | €1,765 | +€1,765 | |
| Other amounts receivable | 41 | €314 | €156 | -€158 | -50.4% |
| Cash at bank and in hand | 54/58 | €13,547 | €4,071 | -€9,476 | -69.9% |
| Deferred charges and accrued income | 490/1 | €297 | €412 | +€115 | +38.9% |
| Total equity and liabilities | 10/49 | €53,509 | €49,070 | -€4,439 | -8.3% |
| Equity | 10/15 | €8,944 | €15,553 | +€6,608 | +73.9% |
| Contributions | 10/11 | €6,100 | €6,100 | = | 0.0% |
| Reserves | 13 | - | €6,500 | +€6,500 | |
| Distributable reserves | 133 | - | €6,500 | +€6,500 | |
| Profit (loss) carried forward | 14 | €2,844 | €2,953 | +€108 | +3.8% |
| Amounts payable | 17/49 | €44,564 | €33,517 | -€11,047 | -24.8% |
| Amounts payable after more than one year | 17 | €20,568 | €14,687 | -€5,881 | -28.6% |
| Financial debts | 170/4 | €20,568 | €14,687 | -€5,881 | -28.6% |
| Amounts payable within one year | 42/48 | €23,996 | €18,831 | -€5,166 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €5,518 | €5,881 | +€363 | +6.6% |
| Trade debts | 44 | €1,497 | €5,815 | +€4,318 | +288.4% |
| Suppliers | 440/4 | €1,497 | €5,815 | +€4,318 | +288.4% |
| Taxes, remuneration and social security | 45 | €2,745 | €3,471 | +€726 | +26.4% |
| Taxes | 450/3 | €2,745 | €3,471 | +€726 | +26.4% |
| Other amounts payable | 47/48 | €14,236 | €3,663 | -€10,573 | -74.3% |
| Turnover | 70 | €45,630 | €96,857 | +€51,227 | +112.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €31,499 | €75,452 | +€43,954 | +139.5% |
| Remuneration, social security and pensions | 62 | €2,962 | €2 | -€2,959 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,342 | €9,700 | +€3,358 | +52.9% |
| Other operating charges | 640/8 | €402 | €448 | +€46 | +11.5% |
| Gross operating margin | 9900 | €14,131 | €21,405 | +€7,274 | +51.5% |
| Operating profit (loss) | 9901 | €4,425 | €11,254 | +€6,829 | +154.3% |
| Financial charges | 65/66B | €1,581 | €1,978 | +€397 | +25.1% |
| Recurring financial charges | 65 | €1,581 | €1,978 | +€397 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €2,844 | €9,276 | +€6,432 | +226.1% |
| Income taxes | 67/77 | - | €2,668 | +€2,668 | |
| Profit (loss) for the period | 9904 | €2,844 | €6,608 | +€3,764 | +132.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,844 | €6,608 | +€3,764 | +132.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.