TMLH: 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.
TMLH
Largest movements
- Stocks and contracts +€8,757
up €8,757 (+12.8%), from €68,153 to €76,910
- Cash +€1,116
up €1,116 (+66.2%), from €1,685 to €2,801
mainly Trade debts (+€7,611) and Net result for the year (+€4,005)
- Trade debts +€7,611
up €7,611 (+60.3%), from €12,630 to €20,242
- Profit (loss) carried forward +€4,005
up €4,005 (+10.5%), from €38,029 to €42,034
- Tax, wage and social debts -€1,575
down €1,575 (-18.2%), from €8,660 to €7,085
of which Taxes: -€1,948
- Gross operating margin -€5,384
down €5,384 (-44.7%), from €12,032 to €6,648
- Staff costs -€2,898
down €2,898 (-100.0%), from €2,898 to €0
- Financial charges -€735
down €735 (-78.2%), from €939 to €204
- Depreciation -€522
down €522 (-52.3%), from €997 to €475
- Taxes -€294
down €294 (-19.8%), from €1,483 to €1,189
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 | €77,929 | €87,485 | +€9,557 | +12.3% |
| Fixed assets | 21/28 | €7,546 | €7,071 | -€475 | -6.3% |
| Tangible fixed assets | 22/27 | €1,546 | €1,071 | -€475 | -30.7% |
| Plant, machinery and equipment | 23 | €1,546 | €1,071 | -€475 | -30.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €70,383 | €80,414 | +€10,032 | +14.3% |
| Stocks and contracts in progress | 3 | €68,153 | €76,910 | +€8,757 | +12.8% |
| Stocks | 30/36 | €68,153 | €76,910 | +€8,757 | +12.8% |
| Amounts receivable within one year | 40/41 | €545 | €703 | +€159 | +29.1% |
| Trade receivables | 40 | €545 | €703 | +€159 | +29.1% |
| Cash at bank and in hand | 54/58 | €1,685 | €2,801 | +€1,116 | +66.2% |
| Total equity and liabilities | 10/49 | €77,929 | €87,485 | +€9,557 | +12.3% |
| Equity | 10/15 | €44,229 | €48,234 | +€4,005 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,029 | €42,034 | +€4,005 | +10.5% |
| Amounts payable | 17/49 | €33,700 | €39,251 | +€5,551 | +16.5% |
| Amounts payable within one year | 42/48 | €33,700 | €39,251 | +€5,551 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €9,547 | €8,769 | -€778 | -8.2% |
| Trade debts | 44 | €12,630 | €20,242 | +€7,611 | +60.3% |
| Suppliers | 440/4 | €12,630 | €20,242 | +€7,611 | +60.3% |
| Advances received on contracts in progress | 46 | €190 | €190 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,660 | €7,085 | -€1,575 | -18.2% |
| Taxes | 450/3 | €5,173 | €3,225 | -€1,948 | -37.7% |
| Remuneration and social security | 454/9 | €3,487 | €3,860 | +€373 | +10.7% |
| Other amounts payable | 47/48 | €2,672 | €2,966 | +€293 | +11.0% |
| Remuneration, social security and pensions | 62 | €2,898 | €0 | -€2,898 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €475 | -€522 | -52.3% |
| Other operating charges | 640/8 | €588 | €801 | +€213 | +36.3% |
| Gross operating margin | 9900 | €12,032 | €6,648 | -€5,384 | -44.7% |
| Operating profit (loss) | 9901 | €7,549 | €5,371 | -€2,177 | -28.8% |
| Financial income | 75/76B | €67 | €27 | -€40 | -59.7% |
| Recurring financial income | 75 | €67 | €27 | -€40 | -59.7% |
| Financial charges | 65/66B | €939 | €204 | -€735 | -78.2% |
| Recurring financial charges | 65 | €939 | €204 | -€735 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €6,677 | €5,194 | -€1,483 | -22.2% |
| Income taxes | 67/77 | €1,483 | €1,189 | -€294 | -19.8% |
| Profit (loss) for the period | 9904 | €5,194 | €4,005 | -€1,189 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,194 | €4,005 | -€1,189 | -22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.