TRM CONSULT: 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.
TRM CONSULT
Largest movements
- Cash -€44,586
down €44,586 (-65.7%), from €67,824 to €23,238
mainly Net result for the year (-€32,767) and Investment in fixed assets (net) (-€26,537)
- Intangible fixed assets +€16,690
new in 2025: €16,690
- Receivables within one year -€3,978
down €3,978 (-88.3%), from €4,507 to €529
of which Other amounts receivable: -€4,176
- Deferred charges and accrued income +€3,960
up €3,960 (+162.4%), from €2,438 to €6,398
- Tangible fixed assets -€2,097
down €2,097 (-25.1%), from €8,371 to €6,274
- Profit (loss) carried forward -€32,767
down €32,767, from €17,697 to -€15,070
- Accrued charges and deferred income +€4,248
up €4,248 (+4038.8%), from €105 to €4,353
- Trade debts -€1,290
down €1,290 (-60.0%), from €2,149 to €859
- Gross operating margin +€44,807
up €44,807 (+74.3%), from -€60,318 to -€15,511
- Depreciation +€9,711
up €9,711 (+434.8%), from €2,234 to €11,945
- Financial charges +€4,041
up €4,041 (+1257.6%), from €321 to €4,362
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 | €83,140 | €53,129 | -€30,012 | -36.1% |
| Fixed assets | 21/28 | €8,371 | €22,964 | +€14,593 | +174.3% |
| Intangible fixed assets | 21 | - | €16,690 | +€16,690 | |
| Tangible fixed assets | 22/27 | €8,371 | €6,274 | -€2,097 | -25.1% |
| Furniture and vehicles | 24 | €8,371 | €6,274 | -€2,097 | -25.1% |
| Current assets | 29/58 | €74,769 | €30,165 | -€44,604 | -59.7% |
| Amounts receivable within one year | 40/41 | €4,507 | €529 | -€3,978 | -88.3% |
| Trade receivables | 40 | - | €198 | +€198 | |
| Other amounts receivable | 41 | €4,507 | €331 | -€4,176 | -92.7% |
| Cash at bank and in hand | 54/58 | €67,824 | €23,238 | -€44,586 | -65.7% |
| Deferred charges and accrued income | 490/1 | €2,438 | €6,398 | +€3,960 | +162.4% |
| Total equity and liabilities | 10/49 | €83,140 | €53,129 | -€30,012 | -36.1% |
| Equity | 10/15 | €19,697 | -€13,070 | -€32,767 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,697 | -€15,070 | -€32,767 | |
| Amounts payable | 17/49 | €63,444 | €66,199 | +€2,755 | +4.3% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,338 | €1,845 | -€1,493 | -44.7% |
| Trade debts | 44 | €2,149 | €859 | -€1,290 | -60.0% |
| Suppliers | 440/4 | €2,149 | €859 | -€1,290 | -60.0% |
| Other amounts payable | 47/48 | €1,190 | €986 | -€203 | -17.1% |
| Accrued charges and deferred income | 492/3 | €105 | €4,353 | +€4,248 | +4038.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €11,945 | +€9,711 | +434.8% |
| Other operating charges | 640/8 | €1,295 | €1,064 | -€231 | -17.8% |
| Gross operating margin | 9900 | -€60,318 | -€15,511 | +€44,807 | +74.3% |
| Operating profit (loss) | 9901 | -€63,846 | -€28,519 | +€35,327 | +55.3% |
| Financial income | 75/76B | €516 | €247 | -€270 | -52.2% |
| Recurring financial income | 75 | €516 | €247 | -€270 | -52.2% |
| Financial charges | 65/66B | €321 | €4,362 | +€4,041 | +1257.6% |
| Recurring financial charges | 65 | €321 | €4,362 | +€4,041 | +1257.6% |
| Profit (loss) for the period before taxes | 9903 | -€63,651 | -€32,635 | +€31,017 | +48.7% |
| Income taxes | 67/77 | €129 | €132 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€63,781 | -€32,767 | +€31,014 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,781 | -€32,767 | +€31,014 | +48.6% |
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 8 October 2026 via checked.be.