TMO Consult: 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.
TMO Consult
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+25.7%), from €487,000 to €612,000
- Cash +€53,918
up €53,918 (+119.7%), from €45,038 to €98,956
mainly Net result for the year (+€127,075) and Debts after one year (+€84,431)
- Receivables within one year -€47,993
down €47,993 (-45.3%), from €105,997 to €58,004
of which Trade receivables: -€47,293
- Profit (loss) carried forward +€97,075
up €97,075 (+57.9%), from €167,672 to €264,746
- Debts after one year +€84,431
up €84,431 (+28.6%), from €295,597 to €380,028
of which Other amounts payable: +€61,854
- Other debts -€42,192
down €42,192 (-56.3%), from €75,000 to €32,808
- Tax, wage and social debts -€26,043
down €26,043 (-54.6%), from €47,732 to €21,688
of which Taxes: -€33,679
- Current portion of long-term debt +€15,489
up €15,489 (+21.0%), from €73,876 to €89,365
- Financial income +€49,426
up €49,426 (+4969.3%), from €995 to €50,421
- Staff costs +€29,617
new in 2025: €29,617
- Gross operating margin -€18,962
down €18,962 (-10.7%), from €176,773 to €157,811
- Taxes -€15,240
down €15,240 (-43.3%), from €35,167 to €19,927
- Financial charges +€3,112
up €3,112 (+15.9%), from €19,577 to €22,690
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 | €664,230 | €799,634 | +€135,404 | +20.4% |
| Fixed assets | 21/28 | €493,000 | €612,000 | +€119,000 | +24.1% |
| Intangible fixed assets | 21 | €6,000 | - | -€6,000 | |
| Financial fixed assets | 28 | €487,000 | €612,000 | +€125,000 | +25.7% |
| Current assets | 29/58 | €171,230 | €187,634 | +€16,404 | +9.6% |
| Amounts receivable within one year | 40/41 | €105,997 | €58,004 | -€47,993 | -45.3% |
| Trade receivables | 40 | €77,997 | €30,704 | -€47,293 | -60.6% |
| Other amounts receivable | 41 | €28,000 | €27,300 | -€700 | -2.5% |
| Current investments | 50/53 | €19,024 | €23,414 | +€4,390 | +23.1% |
| Cash at bank and in hand | 54/58 | €45,038 | €98,956 | +€53,918 | +119.7% |
| Deferred charges and accrued income | 490/1 | €1,171 | €7,260 | +€6,089 | +520.1% |
| Total equity and liabilities | 10/49 | €664,230 | €799,634 | +€135,404 | +20.4% |
| Equity | 10/15 | €170,672 | €267,746 | +€97,075 | +56.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,672 | €264,746 | +€97,075 | +57.9% |
| Amounts payable | 17/49 | €493,558 | €531,888 | +€38,330 | +7.8% |
| Amounts payable after more than one year | 17 | €295,597 | €380,028 | +€84,431 | +28.6% |
| Financial debts | 170/4 | €257,726 | €280,304 | +€22,578 | +8.8% |
| Other amounts payable | 178/9 | €37,871 | €99,724 | +€61,854 | +163.3% |
| Amounts payable within one year | 42/48 | €197,961 | €151,860 | -€46,102 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €73,876 | €89,365 | +€15,489 | +21.0% |
| Trade debts | 44 | €1,354 | €7,998 | +€6,645 | +490.8% |
| Suppliers | 440/4 | €1,354 | €7,998 | +€6,645 | +490.8% |
| Taxes, remuneration and social security | 45 | €47,732 | €21,688 | -€26,043 | -54.6% |
| Taxes | 450/3 | €47,732 | €14,053 | -€33,679 | -70.6% |
| Remuneration and social security | 454/9 | - | €7,636 | +€7,636 | |
| Other amounts payable | 47/48 | €75,000 | €32,808 | -€42,192 | -56.3% |
| Remuneration, social security and pensions | 62 | - | €29,617 | +€29,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,911 | €2,924 | +€1,014 | +53.1% |
| Gross operating margin | 9900 | €176,773 | €157,811 | -€18,962 | -10.7% |
| Operating profit (loss) | 9901 | €168,863 | €119,270 | -€49,593 | -29.4% |
| Financial income | 75/76B | €995 | €50,421 | +€49,426 | +4969.3% |
| Recurring financial income | 75 | €995 | €50,421 | +€49,426 | +4969.3% |
| Financial charges | 65/66B | €19,577 | €22,690 | +€3,112 | +15.9% |
| Recurring financial charges | 65 | €19,577 | €22,690 | +€3,112 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €150,280 | €147,001 | -€3,279 | -2.2% |
| Income taxes | 67/77 | €35,167 | €19,927 | -€15,240 | -43.3% |
| Profit (loss) for the period | 9904 | €115,113 | €127,075 | +€11,962 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,113 | €127,075 | +€11,962 | +10.4% |
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 4 October 2026 via checked.be.