TMKM: 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.
TMKM
Largest movements
- Cash +€137,713
up €137,713 (+337.7%), from €40,780 to €178,493
mainly Trade debts (+€69,385) and Tax, wage and social debts (+€67,091)
- Receivables within one year +€49,408
up €49,408 (+13.0%), from €381,240 to €430,648
of which Trade receivables: +€37,298
- Tangible fixed assets -€14,248
down €14,248 (-13.3%), from €107,436 to €93,188
of which Furniture and vehicles: -€21,142
- Trade debts +€69,385
up €69,385 (+84.6%), from €81,990 to €151,375
- Tax, wage and social debts +€67,091
up €67,091 (+73.8%), from €90,906 to €157,997
of which Remuneration and social security: +€70,948
- Reserves +€42,549
up €42,549 (+19.3%), from €220,819 to €263,368
of which Distributable reserves: +€42,549
- Accrued charges and deferred income +€31,373
up €31,373 (+113.1%), from €27,731 to €59,104
- Other debts -€19,637
down €19,637 (-53.8%), from €36,504 to €16,867
- Gross operating margin +€174,801
up €174,801 (+14.6%), from €1.2m to €1.4m
- Staff costs +€148,895
up €148,895 (+13.6%), from €1.1m to €1.2m
- Other operating charges -€22,505
down €22,505 (-67.8%), from €33,207 to €10,702
- Taxes +€16,945
up €16,945 (+78.5%), from €21,596 to €38,541
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 | €529,942 | €702,687 | +€172,745 | +32.6% |
| Fixed assets | 21/28 | €107,794 | €93,546 | -€14,248 | -13.2% |
| Tangible fixed assets | 22/27 | €107,436 | €93,188 | -€14,248 | -13.3% |
| Land and buildings | 22 | - | €5,927 | +€5,927 | |
| Plant, machinery and equipment | 23 | €4,432 | €5,400 | +€967 | +21.8% |
| Furniture and vehicles | 24 | €103,004 | €81,862 | -€21,142 | -20.5% |
| Financial fixed assets | 28 | €358 | €358 | = | 0.0% |
| Current assets | 29/58 | €422,148 | €609,141 | +€186,993 | +44.3% |
| Amounts receivable within one year | 40/41 | €381,240 | €430,648 | +€49,408 | +13.0% |
| Trade receivables | 40 | €350,777 | €388,076 | +€37,298 | +10.6% |
| Other amounts receivable | 41 | €30,463 | €42,572 | +€12,109 | +39.8% |
| Cash at bank and in hand | 54/58 | €40,780 | €178,493 | +€137,713 | +337.7% |
| Deferred charges and accrued income | 490/1 | €128 | - | -€128 | |
| Total equity and liabilities | 10/49 | €529,942 | €702,687 | +€172,745 | +32.6% |
| Equity | 10/15 | €239,419 | €281,968 | +€42,549 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,819 | €263,368 | +€42,549 | +19.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,959 | €261,508 | +€42,549 | +19.4% |
| Amounts payable | 17/49 | €290,522 | €420,719 | +€130,196 | +44.8% |
| Amounts payable within one year | 42/48 | €262,791 | €361,615 | +€98,824 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €15,390 | - | -€15,390 | |
| Financial debts | 43 | €38,000 | €35,375 | -€2,625 | -6.9% |
| Other loans | 439 | €38,000 | €35,375 | -€2,625 | -6.9% |
| Trade debts | 44 | €81,990 | €151,375 | +€69,385 | +84.6% |
| Suppliers | 440/4 | €81,990 | €151,375 | +€69,385 | +84.6% |
| Taxes, remuneration and social security | 45 | €90,906 | €157,997 | +€67,091 | +73.8% |
| Taxes | 450/3 | €3,858 | - | -€3,858 | |
| Remuneration and social security | 454/9 | €87,049 | €157,997 | +€70,948 | +81.5% |
| Other amounts payable | 47/48 | €36,504 | €16,867 | -€19,637 | -53.8% |
| Accrued charges and deferred income | 492/3 | €27,731 | €59,104 | +€31,373 | +113.1% |
| Non-recurring operating income | 76A | €4,696 | - | -€4,696 | |
| Remuneration, social security and pensions | 62 | €1,092,878 | €1,241,773 | +€148,895 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,704 | €31,068 | +€9,365 | +43.1% |
| Other operating charges | 640/8 | €33,207 | €10,702 | -€22,505 | -67.8% |
| Non-recurring operating charges | 66A | - | €668 | +€668 | |
| Gross operating margin | 9900 | €1,198,626 | €1,373,428 | +€174,801 | +14.6% |
| Operating profit (loss) | 9901 | €50,838 | €89,216 | +€38,379 | +75.5% |
| Financial income | 75/76B | €28 | €11 | -€16 | -58.3% |
| Recurring financial income | 75 | €28 | €11 | -€16 | -58.3% |
| Financial charges | 65/66B | €8,333 | €8,138 | -€195 | -2.3% |
| Recurring financial charges | 65 | €8,333 | €8,138 | -€195 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €42,532 | €81,090 | +€38,557 | +90.7% |
| Income taxes | 67/77 | €21,596 | €38,541 | +€16,945 | +78.5% |
| Profit (loss) for the period | 9904 | €20,937 | €42,549 | +€21,612 | +103.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,937 | €42,549 | +€21,612 | +103.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.