TMTE INVEST: 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.
TMTE INVEST
Largest movements
- Cash +€126,961
up €126,961 (+30.9%), from €411,339 to €538,300
mainly Net result for the year (+€186,707) and Current investments (+€32,974)
- Reserves +€186,707
up €186,707 (+7.6%), from €2.5m to €2.7m
of which Distributable reserves: +€186,707
- Other debts -€120,000
down €120,000 (-5.5%), from €2.2m to €2.1m
- Financial income -€163,518
down €163,518 (-39.0%), from €419,371 to €255,853
- Taxes -€56,312
down €56,312 (-67.5%), from €83,380 to €27,069
- Financial charges +€34,374
up €34,374 (+11,853%), from €290 to €34,664
- Depreciation +€306
up €306 (+127%), from €240 to €547
- Gross operating margin +€245
up €245 (+4.1%), from -€6,052 to -€5,806
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.
Derived cash bridge
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 | €6,096,306 | €6,164,934 | +€68,628 | +1.1% |
| Fixed assets | 21/28 | €2,477,962 | €2,477,415 | -€547 | 0.0% |
| Tangible fixed assets | 22/27 | €1,400 | €853 | -€547 | -39.1% |
| Furniture and vehicles | 24 | €1,400 | €853 | -€547 | -39.1% |
| Financial fixed assets | 28 | €2,476,562 | €2,476,562 | = | 0.0% |
| Current assets | 29/58 | €3,618,344 | €3,687,519 | +€69,175 | +1.9% |
| Current investments | 50/53 | €3,171,990 | €3,139,016 | -€32,974 | -1.0% |
| Cash at bank and in hand | 54/58 | €411,339 | €538,300 | +€126,961 | +30.9% |
| Deferred charges and accrued income | 490/1 | €35,015 | €10,203 | -€24,812 | -70.9% |
| Total equity and liabilities | 10/49 | €6,096,306 | €6,164,934 | +€68,628 | +1.1% |
| Equity | 10/15 | €3,825,690 | €4,012,397 | +€186,707 | +4.9% |
| Contributions | 10/11 | €1,360,200 | €1,360,200 | = | 0.0% |
| Capital | 10 | €1,360,200 | €1,360,200 | = | 0.0% |
| Issued capital | 100 | €1,360,200 | €1,360,200 | = | 0.0% |
| Reserves | 13 | €2,465,490 | €2,652,197 | +€186,707 | +7.6% |
| Non-distributable reserves | 130/1 | €136,020 | €136,020 | = | 0.0% |
| Legal reserve | 130 | €136,020 | €136,020 | = | 0.0% |
| Distributable reserves | 133 | €2,329,470 | €2,516,177 | +€186,707 | +8.0% |
| Amounts payable | 17/49 | €2,270,616 | €2,152,537 | -€118,079 | -5.2% |
| Amounts payable within one year | 42/48 | €2,270,545 | €2,152,537 | -€118,009 | -5.2% |
| Trade debts | 44 | €3,642 | €848 | -€2,794 | -76.7% |
| Suppliers | 440/4 | €3,642 | €848 | -€2,794 | -76.7% |
| Taxes, remuneration and social security | 45 | €65,537 | €70,322 | +€4,785 | +7.3% |
| Taxes | 450/3 | €65,537 | €70,322 | +€4,785 | +7.3% |
| Other amounts payable | 47/48 | €2,201,367 | €2,081,367 | -€120,000 | -5.5% |
| Accrued charges and deferred income | 492/3 | €71 | €0 | -€71 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €547 | +€306 | +127% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€6,052 | -€5,806 | +€245 | +4.1% |
| Operating profit (loss) | 9901 | -€7,322 | -€7,413 | -€92 | -1.3% |
| Financial income | 75/76B | €419,371 | €255,853 | -€163,518 | -39.0% |
| Recurring financial income | 75 | €419,371 | €255,853 | -€163,518 | -39.0% |
| Financial charges | 65/66B | €290 | €34,664 | +€34,374 | +11,853% |
| Recurring financial charges | 65 | €290 | €34,664 | +€34,374 | +11,853% |
| Profit (loss) for the period before taxes | 9903 | €411,760 | €213,776 | -€197,984 | -48.1% |
| Income taxes | 67/77 | €83,380 | €27,069 | -€56,312 | -67.5% |
| Profit (loss) for the period | 9904 | €328,379 | €186,707 | -€141,672 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €328,379 | €186,707 | -€141,672 | -43.1% |
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 29 October 2026 via checked.be.