TMHS GROUP: 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.
TMHS GROUP
Largest movements
- Cash +€29,959
up €29,959 (+52828.5%), from €57 to €30,016
mainly Other debts (+€286,283) and Trade debts (+€998)
- Other debts +€286,283
up €286,283 (+28.0%), from €1.0m to €1.3m
- Accrued charges and deferred income -€153,019
no longer reported in 2025 (was €153,019)
- Profit (loss) carried forward -€52,481
down €52,481 (-24.4%), from -€215,504 to -€267,985
- Debts after one year -€40,500
no longer reported in 2025 (was €40,500)
- Financial charges -€2,255
down €2,255 (-4.2%), from €53,192 to €50,936
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
- Gross operating margin -€3
down €3 (-3.1%), from -€85 to -€88
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 | €1,850,515 | €1,891,797 | +€41,282 | +2.2% |
| Formation expenses | 20 | €458 | - | -€458 | |
| Fixed assets | 21/28 | €1,850,000 | €1,861,781 | +€11,781 | +0.6% |
| Financial fixed assets | 28 | €1,850,000 | €1,861,781 | +€11,781 | +0.6% |
| Current assets | 29/58 | €57 | €30,016 | +€29,959 | +52828.5% |
| Cash at bank and in hand | 54/58 | €57 | €30,016 | +€29,959 | +52828.5% |
| Total equity and liabilities | 10/49 | €1,850,515 | €1,891,797 | +€41,282 | +2.2% |
| Equity | 10/15 | €634,496 | €582,015 | -€52,481 | -8.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,504 | -€267,985 | -€52,481 | -24.4% |
| Amounts payable | 17/49 | €1,216,019 | €1,309,781 | +€93,762 | +7.7% |
| Amounts payable after more than one year | 17 | €40,500 | - | -€40,500 | |
| Financial debts | 170/4 | €40,500 | - | -€40,500 | |
| Amounts payable within one year | 42/48 | €1,022,500 | €1,309,781 | +€287,281 | +28.1% |
| Trade debts | 44 | - | €998 | +€998 | |
| Suppliers | 440/4 | - | €998 | +€998 | |
| Other amounts payable | 47/48 | €1,022,500 | €1,308,783 | +€286,283 | +28.0% |
| Accrued charges and deferred income | 492/3 | €153,019 | - | -€153,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €458 | -€0 | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€85 | -€88 | -€3 | -3.1% |
| Operating profit (loss) | 9901 | -€1,511 | -€1,544 | -€34 | -2.2% |
| Financial charges | 65/66B | €53,192 | €50,936 | -€2,255 | -4.2% |
| Recurring financial charges | 65 | €53,192 | €50,936 | -€2,255 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€54,702 | -€52,481 | +€2,222 | +4.1% |
| Profit (loss) for the period | 9904 | -€54,702 | -€52,481 | +€2,222 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,702 | -€52,481 | +€2,222 | +4.1% |
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 3 October 2026 via checked.be.