TMR4: 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.
TMR4
Largest movements
- Cash -€10,298
down €10,298 (-61.3%), from €16,810 to €6,512
mainly Receivables within one year (-€8,169) and Debts after one year (-€8,081)
- Receivables within one year +€8,169
up €8,169 (+182.2%), from €4,484 to €12,653
- Tangible fixed assets -€6,667
down €6,667 (-19.4%), from €34,288 to €27,620
of which Furniture and vehicles: -€7,470
- Debts after one year -€8,081
down €8,081 (-56.2%), from €14,375 to €6,294
- Profit (loss) carried forward -€2,026
down €2,026, from €1,101 to -€924
- Gross operating margin -€5,317
down €5,317 (-30.2%), from €17,577 to €12,260
- Depreciation +€3,611
up €3,611 (+40.4%), from €8,930 to €12,540
- Other operating charges +€774
new in 2025: €774
- Financial charges +€467
up €467 (+92.7%), from €504 to €971
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 | €56,784 | €47,423 | -€9,361 | -16.5% |
| Fixed assets | 21/28 | €34,288 | €27,620 | -€6,667 | -19.4% |
| Tangible fixed assets | 22/27 | €34,288 | €27,620 | -€6,667 | -19.4% |
| Plant, machinery and equipment | 23 | €6,338 | €7,140 | +€802 | +12.7% |
| Furniture and vehicles | 24 | €27,950 | €20,480 | -€7,470 | -26.7% |
| Current assets | 29/58 | €22,496 | €19,802 | -€2,693 | -12.0% |
| Amounts receivable within one year | 40/41 | €4,484 | €12,653 | +€8,169 | +182.2% |
| Trade receivables | 40 | €4,484 | €12,653 | +€8,169 | +182.2% |
| Cash at bank and in hand | 54/58 | €16,810 | €6,512 | -€10,298 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,202 | €637 | -€564 | -47.0% |
| Total equity and liabilities | 10/49 | €56,784 | €47,423 | -€9,361 | -16.5% |
| Equity | 10/15 | €9,161 | €7,135 | -€2,026 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,101 | -€924 | -€2,026 | |
| Amounts payable | 17/49 | €47,623 | €40,288 | -€7,335 | -15.4% |
| Amounts payable after more than one year | 17 | €14,375 | €6,294 | -€8,081 | -56.2% |
| Financial debts | 170/4 | €14,375 | €6,294 | -€8,081 | -56.2% |
| Amounts payable within one year | 42/48 | €33,242 | €33,994 | +€752 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,741 | €8,081 | +€340 | +4.4% |
| Trade debts | 44 | €1,131 | €1,445 | +€313 | +27.7% |
| Suppliers | 440/4 | €1,131 | €1,445 | +€313 | +27.7% |
| Taxes, remuneration and social security | 45 | €1,340 | €1,890 | +€549 | +41.0% |
| Taxes | 450/3 | €1,340 | €1,890 | +€549 | +41.0% |
| Other amounts payable | 47/48 | €23,029 | €22,578 | -€451 | -2.0% |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,930 | €12,540 | +€3,611 | +40.4% |
| Other operating charges | 640/8 | - | €774 | +€774 | |
| Gross operating margin | 9900 | €17,577 | €12,260 | -€5,317 | -30.2% |
| Operating profit (loss) | 9901 | €8,647 | -€1,054 | -€9,701 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €504 | €971 | +€467 | +92.7% |
| Recurring financial charges | 65 | €504 | €971 | +€467 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €8,149 | -€2,026 | -€10,175 | |
| Profit (loss) for the period | 9904 | €8,149 | -€2,026 | -€10,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,149 | -€2,026 | -€10,175 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.