TMTS: 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.
TMTS
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€54,194
down €54,194 (-19.8%), from €274,160 to €219,966
mainly Current investments (-€120,000) and Other debts (-€83,219)
- Receivables within one year +€18,816
up €18,816 (+54.7%), from €34,375 to €53,191
of which Trade receivables: +€21,292
- Tangible fixed assets -€17,463
down €17,463 (-31.2%), from €56,056 to €38,593
of which Furniture and vehicles: -€14,311
- Deferred charges and accrued income -€10,471
down €10,471 (-57.0%), from €18,383 to €7,911
- Profit (loss) carried forward +€121,668
new in 2025: €121,668
- Other debts -€83,219
down €83,219 (-92.6%), from €89,857 to €6,638
- Reserves +€37,890
up €37,890 (+18.4%), from €205,580 to €243,470
of which Tax-exempt reserves: +€37,890
- Tax, wage and social debts -€16,146
down €16,146 (-24.2%), from €66,739 to €50,593
of which Taxes: -€16,422
- Gross operating margin +€48,122
up €48,122 (+20.8%), from €231,361 to €279,483
- Taxes +€10,541
up €10,541 (+22.6%), from €46,549 to €57,090
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 | €382,973 | €439,661 | +€56,688 | +14.8% |
| Fixed assets | 21/28 | €56,056 | €38,593 | -€17,463 | -31.2% |
| Tangible fixed assets | 22/27 | €56,056 | €38,593 | -€17,463 | -31.2% |
| Plant, machinery and equipment | 23 | €2,054 | €1,953 | -€102 | -4.9% |
| Furniture and vehicles | 24 | €27,026 | €12,716 | -€14,311 | -53.0% |
| Other tangible fixed assets | 26 | €26,976 | €23,925 | -€3,051 | -11.3% |
| Current assets | 29/58 | €326,917 | €401,068 | +€74,151 | +22.7% |
| Amounts receivable within one year | 40/41 | €34,375 | €53,191 | +€18,816 | +54.7% |
| Trade receivables | 40 | €29,530 | €50,823 | +€21,292 | +72.1% |
| Other amounts receivable | 41 | €4,844 | €2,368 | -€2,476 | -51.1% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €274,160 | €219,966 | -€54,194 | -19.8% |
| Deferred charges and accrued income | 490/1 | €18,383 | €7,911 | -€10,471 | -57.0% |
| Total equity and liabilities | 10/49 | €382,973 | €439,661 | +€56,688 | +14.8% |
| Equity | 10/15 | €220,580 | €380,138 | +€159,558 | +72.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €205,580 | €243,470 | +€37,890 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,680 | €71,570 | +€37,890 | +112.5% |
| Distributable reserves | 133 | €170,040 | €170,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €121,668 | +€121,668 | |
| Amounts payable | 17/49 | €162,394 | €59,523 | -€102,871 | -63.3% |
| Amounts payable within one year | 42/48 | €162,330 | €59,523 | -€102,808 | -63.3% |
| Trade debts | 44 | €5,735 | €2,292 | -€3,443 | -60.0% |
| Suppliers | 440/4 | €5,735 | €2,292 | -€3,443 | -60.0% |
| Taxes, remuneration and social security | 45 | €66,739 | €50,593 | -€16,146 | -24.2% |
| Taxes | 450/3 | €57,016 | €40,594 | -€16,422 | -28.8% |
| Remuneration and social security | 454/9 | €9,722 | €9,999 | +€277 | +2.8% |
| Other amounts payable | 47/48 | €89,857 | €6,638 | -€83,219 | -92.6% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Remuneration, social security and pensions | 62 | €38,423 | €39,934 | +€1,511 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,080 | €21,025 | -€56 | -0.3% |
| Other operating charges | 640/8 | €822 | €922 | +€100 | +12.2% |
| Gross operating margin | 9900 | €231,361 | €279,483 | +€48,122 | +20.8% |
| Operating profit (loss) | 9901 | €171,037 | €217,603 | +€46,566 | +27.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1312.5% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1312.5% |
| Financial charges | 65/66B | €2,953 | €956 | -€1,998 | -67.6% |
| Recurring financial charges | 65 | €2,953 | €956 | -€1,998 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €168,084 | €216,648 | +€48,564 | +28.9% |
| Income taxes | 67/77 | €46,549 | €57,090 | +€10,541 | +22.6% |
| Profit (loss) for the period | 9904 | €121,535 | €159,558 | +€38,023 | +31.3% |
| Transfer to tax-exempt reserves | 689 | €33,680 | €37,890 | +€4,210 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,855 | €121,668 | +€33,813 | +38.5% |
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 10 October 2026 via checked.be.