TMVN TECH: 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.
TMVN TECH
Largest movements
- Tangible fixed assets +€106,172
up €106,172 (+380.3%), from €27,917 to €134,090
of which Land and buildings: +€112,218
- Cash -€12,830
down €12,830 (-85.6%), from €14,985 to €2,154
mainly Investment in fixed assets (net) (-€118,121) and Trade debts (-€8,084)
- Receivables within one year -€7,476
down €7,476 (-11.7%), from €64,066 to €56,590
of which Trade receivables: -€16,649
- Stocks and contracts +€6,958
new in 2025: €6,958
- Debts after one year +€80,077
up €80,077 (+477.7%), from €16,762 to €96,838
- Tax, wage and social debts +€9,962
up €9,962 (+73.6%), from €13,536 to €23,497
of which Remuneration and social security: +€6,591
- Trade debts -€8,084
down €8,084 (-41.8%), from €19,348 to €11,264
- Profit (loss) carried forward +€5,037
new in 2025: €5,037
- Current portion of long-term debt +€3,424
up €3,424 (+84.4%), from €4,060 to €7,484
- Gross operating margin -€18,022
down €18,022 (-20.8%), from €86,762 to €68,740
- Staff costs +€17,695
up €17,695 (+65.7%), from €26,918 to €44,613
- Depreciation +€9,861
up €9,861 (+472.4%), from €2,087 to €11,948
- Taxes -€9,503
down €9,503 (-82.9%), from €11,456 to €1,954
- Financial charges +€4,233
up €4,233 (+1026.0%), from €413 to €4,645
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 | €112,408 | €204,275 | +€91,867 | +81.7% |
| Fixed assets | 21/28 | €27,917 | €134,090 | +€106,172 | +380.3% |
| Tangible fixed assets | 22/27 | €27,917 | €134,090 | +€106,172 | +380.3% |
| Land and buildings | 22 | - | €112,218 | +€112,218 | |
| Plant, machinery and equipment | 23 | €3,329 | €3,145 | -€183 | -5.5% |
| Furniture and vehicles | 24 | €24,588 | €18,726 | -€5,862 | -23.8% |
| Current assets | 29/58 | €84,491 | €70,186 | -€14,305 | -16.9% |
| Stocks and contracts in progress | 3 | - | €6,958 | +€6,958 | |
| Stocks | 30/36 | - | €6,958 | +€6,958 | |
| Amounts receivable within one year | 40/41 | €64,066 | €56,590 | -€7,476 | -11.7% |
| Trade receivables | 40 | €27,751 | €11,102 | -€16,649 | -60.0% |
| Other amounts receivable | 41 | €36,315 | €45,487 | +€9,173 | +25.3% |
| Cash at bank and in hand | 54/58 | €14,985 | €2,154 | -€12,830 | -85.6% |
| Deferred charges and accrued income | 490/1 | €5,440 | €4,484 | -€956 | -17.6% |
| Total equity and liabilities | 10/49 | €112,408 | €204,275 | +€91,867 | +81.7% |
| Equity | 10/15 | €47,376 | €52,413 | +€5,037 | +10.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,876 | €44,876 | = | 0.0% |
| Distributable reserves | 133 | €44,876 | €44,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,037 | +€5,037 | |
| Amounts payable | 17/49 | €65,032 | €151,863 | +€86,831 | +133.5% |
| Amounts payable after more than one year | 17 | €16,762 | €96,838 | +€80,077 | +477.7% |
| Financial debts | 170/4 | €16,762 | €96,838 | +€80,077 | +477.7% |
| Amounts payable within one year | 42/48 | €48,270 | €55,024 | +€6,754 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €4,060 | €7,484 | +€3,424 | +84.4% |
| Trade debts | 44 | €19,348 | €11,264 | -€8,084 | -41.8% |
| Suppliers | 440/4 | €19,348 | €11,264 | -€8,084 | -41.8% |
| Taxes, remuneration and social security | 45 | €13,536 | €23,497 | +€9,962 | +73.6% |
| Taxes | 450/3 | €11,456 | €14,827 | +€3,370 | +29.4% |
| Remuneration and social security | 454/9 | €2,079 | €8,670 | +€6,591 | +317.0% |
| Other amounts payable | 47/48 | €11,327 | €12,779 | +€1,452 | +12.8% |
| Remuneration, social security and pensions | 62 | €26,918 | €44,613 | +€17,695 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,087 | €11,948 | +€9,861 | +472.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €626 | - | -€626 | |
| Other operating charges | 640/8 | €394 | €543 | +€149 | +37.8% |
| Gross operating margin | 9900 | €86,762 | €68,740 | -€18,022 | -20.8% |
| Operating profit (loss) | 9901 | €56,737 | €11,636 | -€45,102 | -79.5% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.7% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.7% |
| Financial charges | 65/66B | €413 | €4,645 | +€4,233 | +1026.0% |
| Recurring financial charges | 65 | €413 | €4,645 | +€4,233 | +1026.0% |
| Profit (loss) for the period before taxes | 9903 | €56,332 | €6,990 | -€49,342 | -87.6% |
| Income taxes | 67/77 | €11,456 | €1,954 | -€9,503 | -82.9% |
| Profit (loss) for the period | 9904 | €44,876 | €5,037 | -€39,840 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,876 | €5,037 | -€39,840 | -88.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.