TML CAPSTYLE: 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.
TML CAPSTYLE
Largest movements
- Cash -€10,253
down €10,253 (-12.4%), from €82,923 to €72,671
mainly Contributions, distributions and other (-€15,072) and Investment in fixed assets (net) (-€1,236)
- Tangible fixed assets +€2,398
new in 2025: €2,398
of which Plant, machinery and equipment: +€2,398
- Financial fixed assets -€1,875
down €1,875 (-50.0%), from €3,750 to €1,875
- Reserves -€10,164
down €10,164 (-19.0%), from €53,476 to €43,312
- Other debts +€2,718
up €2,718 (+22.0%), from €12,354 to €15,072
- Gross operating margin +€5,991
up €5,991 (+569.8%), from €1,051 to €7,043
- Taxes +€1,762
up €1,762 (+316.5%), from €557 to €2,319
- Depreciation +€713
new in 2025: €713
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 | €90,722 | €81,521 | -€9,200 | -10.1% |
| Fixed assets | 21/28 | €3,750 | €4,273 | +€523 | +13.9% |
| Tangible fixed assets | 22/27 | - | €2,398 | +€2,398 | |
| Plant, machinery and equipment | 23 | - | €2,398 | +€2,398 | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €3,750 | €1,875 | -€1,875 | -50.0% |
| Current assets | 29/58 | €86,972 | €77,249 | -€9,723 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,455 | €2,131 | +€676 | +46.5% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €1,455 | €2,131 | +€676 | +46.5% |
| Cash at bank and in hand | 54/58 | €82,923 | €72,671 | -€10,253 | -12.4% |
| Deferred charges and accrued income | 490/1 | €2,594 | €2,447 | -€146 | -5.6% |
| Total equity and liabilities | 10/49 | €90,722 | €81,521 | -€9,200 | -10.1% |
| Equity | 10/15 | €77,345 | €66,348 | -€10,997 | -14.2% |
| Contributions | 10/11 | €21,780 | €21,780 | = | 0.0% |
| Reserves | 13 | €53,476 | €43,312 | -€10,164 | -19.0% |
| Distributable reserves | 133 | €53,476 | €43,312 | -€10,164 | -19.0% |
| Profit (loss) carried forward | 14 | €2,089 | €1,256 | -€833 | -39.9% |
| Amounts payable | 17/49 | €13,376 | €15,173 | +€1,797 | +13.4% |
| Amounts payable within one year | 42/48 | €13,266 | €15,100 | +€1,834 | +13.8% |
| Trade debts | 44 | €522 | €28 | -€494 | -94.6% |
| Suppliers | 440/4 | €522 | €28 | -€494 | -94.6% |
| Taxes, remuneration and social security | 45 | €390 | €0 | -€390 | -100.0% |
| Taxes | 450/3 | €390 | €0 | -€390 | -100.0% |
| Other amounts payable | 47/48 | €12,354 | €15,072 | +€2,718 | +22.0% |
| Accrued charges and deferred income | 492/3 | €111 | €73 | -€38 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €713 | +€713 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,051 | €7,043 | +€5,991 | +569.8% |
| Operating profit (loss) | 9901 | €664 | €5,930 | +€5,266 | +793.0% |
| Financial income | 75/76B | €563 | €546 | -€17 | -3.1% |
| Recurring financial income | 75 | €563 | €546 | -€17 | -3.1% |
| Financial charges | 65/66B | €69 | €82 | +€13 | +18.2% |
| Recurring financial charges | 65 | €69 | €82 | +€13 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,158 | €6,394 | +€5,236 | +452.1% |
| Income taxes | 67/77 | €557 | €2,319 | +€1,762 | +316.5% |
| Profit (loss) for the period | 9904 | €601 | €4,075 | +€3,474 | +577.7% |
| Profit (loss) for the period to be appropriated | 9905 | €601 | €4,075 | +€3,474 | +577.7% |
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 9 October 2026 via checked.be.