TMY: 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.
TMY
Largest movements
- Cash +€274,063
up €274,063 (+146.7%), from €186,794 to €460,857
mainly Net result for the year (+€112,590) and Debts after one year (+€69,343)
- Receivables within one year -€46,771
down €46,771 (-48.7%), from €95,967 to €49,196
of which Other amounts receivable: -€56,365
- Tangible fixed assets -€31,769
down €31,769 (-5.7%), from €558,594 to €526,825
of which Land and buildings: -€29,657
- Profit (loss) carried forward +€112,590
up €112,590 (+34.8%), from €323,836 to €436,426
- Debts after one year +€69,343
up €69,343 (+32.7%), from €212,036 to €281,378
of which Financial debts: +€170,005
- Trade debts +€51,270
up €51,270 (+25.2%), from €203,169 to €254,439
- Tax, wage and social debts -€37,869
down €37,869 (-50.6%), from €74,848 to €36,979
of which Taxes: -€48,606
- Current portion of long-term debt +€11,289
up €11,289 (+97.8%), from €11,543 to €22,831
- Staff costs +€35,801
up €35,801 (+23.6%), from €151,679 to €187,480
- Gross operating margin +€12,947
up €12,947 (+3.0%), from €433,146 to €446,093
- Depreciation +€8,982
up €8,982 (+36.3%), from €24,716 to €33,698
- Taxes -€7,418
down €7,418 (-16.0%), from €46,288 to €38,869
- Financial charges -€5,098
down €5,098 (-6.9%), from €73,359 to €68,261
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 | €909,552 | €1,116,174 | +€206,622 | +22.7% |
| Fixed assets | 21/28 | €558,594 | €526,825 | -€31,769 | -5.7% |
| Tangible fixed assets | 22/27 | €558,594 | €526,825 | -€31,769 | -5.7% |
| Land and buildings | 22 | €530,419 | €500,762 | -€29,657 | -5.6% |
| Plant, machinery and equipment | 23 | €24,255 | €23,211 | -€1,043 | -4.3% |
| Furniture and vehicles | 24 | €3,920 | €2,852 | -€1,069 | -27.3% |
| Current assets | 29/58 | €350,958 | €589,350 | +€238,391 | +67.9% |
| Stocks and contracts in progress | 3 | €62,871 | €73,262 | +€10,391 | +16.5% |
| Stocks | 30/36 | €62,871 | €73,262 | +€10,391 | +16.5% |
| Amounts receivable within one year | 40/41 | €95,967 | €49,196 | -€46,771 | -48.7% |
| Trade receivables | 40 | €19,219 | €28,813 | +€9,594 | +49.9% |
| Other amounts receivable | 41 | €76,748 | €20,383 | -€56,365 | -73.4% |
| Cash at bank and in hand | 54/58 | €186,794 | €460,857 | +€274,063 | +146.7% |
| Deferred charges and accrued income | 490/1 | €5,326 | €6,035 | +€708 | +13.3% |
| Total equity and liabilities | 10/49 | €909,552 | €1,116,174 | +€206,622 | +22.7% |
| Equity | 10/15 | €407,957 | €520,547 | +€112,590 | +27.6% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €22,098 | €22,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,895 | €15,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,836 | €436,426 | +€112,590 | +34.8% |
| Amounts payable | 17/49 | €501,596 | €595,628 | +€94,032 | +18.7% |
| Amounts payable after more than one year | 17 | €212,036 | €281,378 | +€69,343 | +32.7% |
| Financial debts | 170/4 | €109,491 | €279,496 | +€170,005 | +155.3% |
| Other amounts payable | 178/9 | €102,544 | €1,882 | -€100,663 | -98.2% |
| Amounts payable within one year | 42/48 | €289,560 | €314,250 | +€24,689 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €11,543 | €22,831 | +€11,289 | +97.8% |
| Trade debts | 44 | €203,169 | €254,439 | +€51,270 | +25.2% |
| Suppliers | 440/4 | €203,169 | €254,439 | +€51,270 | +25.2% |
| Taxes, remuneration and social security | 45 | €74,848 | €36,979 | -€37,869 | -50.6% |
| Taxes | 450/3 | €49,655 | €1,050 | -€48,606 | -97.9% |
| Remuneration and social security | 454/9 | €25,193 | €35,929 | +€10,736 | +42.6% |
| Non-recurring operating income | 76A | €225 | €36 | -€189 | -84.0% |
| Remuneration, social security and pensions | 62 | €151,679 | €187,480 | +€35,801 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,716 | €33,698 | +€8,982 | +36.3% |
| Other operating charges | 640/8 | €3,837 | €6,525 | +€2,688 | +70.0% |
| Gross operating margin | 9900 | €433,146 | €446,093 | +€12,947 | +3.0% |
| Operating profit (loss) | 9901 | €252,913 | €218,390 | -€34,523 | -13.7% |
| Financial income | 75/76B | €4,804 | €1,330 | -€3,474 | -72.3% |
| Recurring financial income | 75 | €4,804 | €1,330 | -€3,474 | -72.3% |
| Financial charges | 65/66B | €73,359 | €68,261 | -€5,098 | -6.9% |
| Recurring financial charges | 65 | €73,359 | €68,261 | -€5,098 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €184,358 | €151,459 | -€32,899 | -17.8% |
| Income taxes | 67/77 | €46,288 | €38,869 | -€7,418 | -16.0% |
| Profit (loss) for the period | 9904 | €138,070 | €112,590 | -€25,480 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,070 | €112,590 | -€25,480 | -18.5% |
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 11 October 2026 via checked.be.