TMS: 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.
TMS
Largest movements
- Receivables within one year +€12,843
up €12,843 (+109.6%), from €11,722 to €24,565
of which Trade receivables: +€13,564
- Tangible fixed assets -€5,667
down €5,667 (-25.0%), from €22,660 to €16,994
of which Furniture and vehicles: -€5,284
- Cash +€3,010
up €3,010 (+6.4%), from €47,283 to €50,293
mainly Net result for the year (+€9,428) and Depreciation (+€5,667)
- Reserves +€9,428
up €9,428 (+12.0%), from €78,575 to €88,004
- Debts after one year -€3,891
down €3,891 (-30.2%), from €12,878 to €8,987
- Tax, wage and social debts +€2,873
up €2,873 (+108.6%), from €2,645 to €5,518
of which Taxes: +€3,423
- Trade debts +€1,712
up €1,712 (+5110.5%), from €34 to €1,746
- Gross operating margin +€10,884
up €10,884 (+117.2%), from €9,289 to €20,173
- Taxes +€3,423
up €3,423 (+327.7%), from €1,045 to €4,468
- Depreciation +€581
up €581 (+11.4%), from €5,086 to €5,667
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 | €110,269 | €120,862 | +€10,593 | +9.6% |
| Fixed assets | 21/28 | €22,660 | €16,994 | -€5,667 | -25.0% |
| Tangible fixed assets | 22/27 | €22,660 | €16,994 | -€5,667 | -25.0% |
| Plant, machinery and equipment | 23 | €1,381 | €998 | -€382 | -27.7% |
| Furniture and vehicles | 24 | €21,280 | €15,995 | -€5,284 | -24.8% |
| Current assets | 29/58 | €87,609 | €103,868 | +€16,260 | +18.6% |
| Amounts receivable after more than one year | 29 | €26,749 | €26,749 | = | 0.0% |
| Other amounts receivable | 291 | €26,749 | €26,749 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,722 | €24,565 | +€12,843 | +109.6% |
| Trade receivables | 40 | €4,429 | €17,993 | +€13,564 | +306.2% |
| Other amounts receivable | 41 | €7,293 | €6,573 | -€720 | -9.9% |
| Cash at bank and in hand | 54/58 | €47,283 | €50,293 | +€3,010 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,854 | €2,261 | +€407 | +21.9% |
| Total equity and liabilities | 10/49 | €110,269 | €120,862 | +€10,593 | +9.6% |
| Equity | 10/15 | €90,975 | €100,404 | +€9,428 | +10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,575 | €88,004 | +€9,428 | +12.0% |
| Distributable reserves | 133 | €78,575 | €88,004 | +€9,428 | +12.0% |
| Amounts payable | 17/49 | €19,294 | €20,458 | +€1,165 | +6.0% |
| Amounts payable after more than one year | 17 | €12,878 | €8,987 | -€3,891 | -30.2% |
| Financial debts | 170/4 | €12,878 | €8,987 | -€3,891 | -30.2% |
| Amounts payable within one year | 42/48 | €6,416 | €11,472 | +€5,056 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €3,738 | €4,208 | +€471 | +12.6% |
| Trade debts | 44 | €34 | €1,746 | +€1,712 | +5110.5% |
| Suppliers | 440/4 | €34 | €1,746 | +€1,712 | +5110.5% |
| Taxes, remuneration and social security | 45 | €2,645 | €5,518 | +€2,873 | +108.6% |
| Taxes | 450/3 | €2,095 | €5,518 | +€3,423 | +163.4% |
| Remuneration and social security | 454/9 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,086 | €5,667 | +€581 | +11.4% |
| Other operating charges | 640/8 | €774 | €865 | +€90 | +11.7% |
| Gross operating margin | 9900 | €9,289 | €20,173 | +€10,884 | +117.2% |
| Operating profit (loss) | 9901 | €3,429 | €13,642 | +€10,213 | +297.9% |
| Financial income | 75/76B | €848 | €905 | +€57 | +6.7% |
| Recurring financial income | 75 | €848 | €905 | +€57 | +6.7% |
| Financial charges | 65/66B | €812 | €650 | -€162 | -19.9% |
| Recurring financial charges | 65 | €812 | €650 | -€162 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €3,465 | €13,896 | +€10,431 | +301.1% |
| Income taxes | 67/77 | €1,045 | €4,468 | +€3,423 | +327.7% |
| Profit (loss) for the period | 9904 | €2,420 | €9,428 | +€7,008 | +289.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,420 | €9,428 | +€7,008 | +289.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.