TMS Prod: 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.
TMS Prod
Largest movements
- Cash -€4,847
down €4,847 (-79.9%), from €6,068 to €1,221
mainly Investment in fixed assets (net) (-€11,322) and Debts after one year (-€8,452)
- Tangible fixed assets -€4,206
down €4,206 (-6.3%), from €66,979 to €62,773
of which Plant, machinery and equipment: -€6,422
- Receivables within one year -€2,878
down €2,878 (-67.1%), from €4,286 to €1,408
of which Trade receivables: -€3,285
- Intangible fixed assets -€1,200
down €1,200 (-36.4%), from €3,298 to €2,098
- Debts after one year -€8,452
no longer reported in 2025 (was €8,452)
- Current portion of long-term debt -€5,850
down €5,850 (-40.9%), from €14,302 to €8,452
- Profit (loss) carried forward +€2,534
up €2,534 (+1622.0%), from €156 to €2,691
- Gross operating margin -€7,839
down €7,839 (-27.1%), from €28,946 to €21,108
- Depreciation +€3,048
up €3,048 (+22.3%), from €13,649 to €16,697
- Taxes -€2,861
down €2,861 (-83.6%), from €3,420 to €559
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 | €80,810 | €67,531 | -€13,279 | -16.4% |
| Fixed assets | 21/28 | €70,276 | €64,902 | -€5,375 | -7.6% |
| Intangible fixed assets | 21 | €3,298 | €2,098 | -€1,200 | -36.4% |
| Tangible fixed assets | 22/27 | €66,979 | €62,773 | -€4,206 | -6.3% |
| Land and buildings | 22 | €27,499 | €29,716 | +€2,217 | +8.1% |
| Plant, machinery and equipment | 23 | €39,480 | €33,057 | -€6,422 | -16.3% |
| Financial fixed assets | 28 | - | €31 | +€31 | |
| Current assets | 29/58 | €10,534 | €2,629 | -€7,904 | -75.0% |
| Amounts receivable within one year | 40/41 | €4,286 | €1,408 | -€2,878 | -67.1% |
| Trade receivables | 40 | €3,829 | €545 | -€3,285 | -85.8% |
| Other amounts receivable | 41 | €457 | €864 | +€407 | +89.0% |
| Cash at bank and in hand | 54/58 | €6,068 | €1,221 | -€4,847 | -79.9% |
| Deferred charges and accrued income | 490/1 | €180 | - | -€180 | |
| Total equity and liabilities | 10/49 | €80,810 | €67,531 | -€13,279 | -16.4% |
| Equity | 10/15 | €32,956 | €35,491 | +€2,534 | +7.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,800 | €27,800 | = | 0.0% |
| Distributable reserves | 133 | €27,800 | €27,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156 | €2,691 | +€2,534 | +1622.0% |
| Amounts payable | 17/49 | €47,854 | €32,041 | -€15,814 | -33.0% |
| Amounts payable after more than one year | 17 | €8,452 | - | -€8,452 | |
| Financial debts | 170/4 | €8,452 | - | -€8,452 | |
| Amounts payable within one year | 42/48 | €39,402 | €32,041 | -€7,361 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €14,302 | €8,452 | -€5,850 | -40.9% |
| Trade debts | 44 | €932 | €240 | -€692 | -74.3% |
| Suppliers | 440/4 | €932 | €240 | -€692 | -74.3% |
| Taxes, remuneration and social security | 45 | €8,152 | €7,563 | -€588 | -7.2% |
| Taxes | 450/3 | €8,152 | €1,563 | -€6,588 | -80.8% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €16,016 | €15,785 | -€231 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,649 | €16,697 | +€3,048 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €110 | +€110 | |
| Gross operating margin | 9900 | €28,946 | €21,108 | -€7,839 | -27.1% |
| Operating profit (loss) | 9901 | €15,297 | €4,300 | -€10,997 | -71.9% |
| Financial charges | 65/66B | €1,007 | €1,207 | +€200 | +19.9% |
| Recurring financial charges | 65 | €1,007 | €1,207 | +€200 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €14,290 | €3,094 | -€11,197 | -78.4% |
| Income taxes | 67/77 | €3,420 | €559 | -€2,861 | -83.6% |
| Profit (loss) for the period | 9904 | €10,870 | €2,534 | -€8,336 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,870 | €2,534 | -€8,336 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.