TMMV: 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.
TMMV
Largest movements
- Tangible fixed assets +€321,357
up €321,357 (+10552.2%), from €3,045 to €324,403
of which Land and buildings: +€299,871
- Cash -€99,521
down €99,521 (-85.1%), from €116,931 to €17,410
mainly Investment in fixed assets (net) (-€322,456) and Receivables within one year (-€60,000)
- Receivables within one year +€60,000
up €60,000 (+495.9%), from €12,100 to €72,100
of which Other amounts receivable: +€60,000
- Debts after one year +€220,285
new in 2025: €220,285
- Profit (loss) carried forward +€47,878
up €47,878 (+42.1%), from €113,780 to €161,658
- Current portion of long-term debt +€9,715
new in 2025: €9,715
- Taxes +€24,261
new in 2025: €24,261
- Gross operating margin -€21,079
down €21,079 (-18.4%), from €114,818 to €93,739
- Other operating charges +€20,174
up €20,174 (+40348.7%), from €50 to €20,224
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 | €132,467 | €414,011 | +€281,543 | +212.5% |
| Formation expenses | 20 | €391 | €98 | -€293 | -75.0% |
| Fixed assets | 21/28 | €3,045 | €324,403 | +€321,357 | +10552.2% |
| Tangible fixed assets | 22/27 | €3,045 | €324,403 | +€321,357 | +10552.2% |
| Land and buildings | 22 | - | €299,871 | +€299,871 | |
| Furniture and vehicles | 24 | €3,045 | €1,947 | -€1,098 | -36.1% |
| Assets under construction and advance payments | 27 | - | €22,584 | +€22,584 | |
| Current assets | 29/58 | €129,031 | €89,510 | -€39,521 | -30.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €72,100 | +€60,000 | +495.9% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €116,931 | €17,410 | -€99,521 | -85.1% |
| Total equity and liabilities | 10/49 | €132,467 | €414,011 | +€281,543 | +212.5% |
| Equity | 10/15 | €123,780 | €171,658 | +€47,878 | +38.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,780 | €161,658 | +€47,878 | +42.1% |
| Amounts payable | 17/49 | €8,687 | €242,353 | +€233,666 | +2689.9% |
| Amounts payable after more than one year | 17 | - | €220,285 | +€220,285 | |
| Financial debts | 170/4 | - | €220,285 | +€220,285 | |
| Amounts payable within one year | 42/48 | €8,687 | €22,067 | +€13,381 | +154.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,715 | +€9,715 | |
| Trade debts | 44 | €859 | €1,288 | +€429 | +49.9% |
| Suppliers | 440/4 | €859 | €1,288 | +€429 | +49.9% |
| Taxes, remuneration and social security | 45 | €7,828 | €11,065 | +€3,237 | +41.4% |
| Taxes | 450/3 | €5,618 | €8,855 | +€3,237 | +57.6% |
| Remuneration and social security | 454/9 | €2,210 | €2,210 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €169 | - | -€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €1,391 | +€654 | +88.6% |
| Other operating charges | 640/8 | €50 | €20,224 | +€20,174 | +40348.7% |
| Gross operating margin | 9900 | €114,818 | €93,739 | -€21,079 | -18.4% |
| Operating profit (loss) | 9901 | €113,861 | €72,123 | -€41,738 | -36.7% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €81 | €158 | +€77 | +95.3% |
| Recurring financial charges | 65 | €81 | €158 | +€77 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €113,780 | €72,138 | -€41,642 | -36.6% |
| Income taxes | 67/77 | - | €24,261 | +€24,261 | |
| Profit (loss) for the period | 9904 | €113,780 | €47,878 | -€65,903 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,780 | €47,878 | -€65,903 | -57.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.