TSRM Imaging: 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.
TSRM Imaging
Largest movements
- Cash +€10,834
up €10,834 (+443.7%), from €2,442 to €13,276
mainly Other debts (+€36,900) and Tax, wage and social debts (+€9,072)
- Receivables within one year -€4,067
down €4,067 (-10.4%), from €39,168 to €35,101
- Tangible fixed assets -€579
down €579 (-60.6%), from €956 to €376
- Deferred charges and accrued income -€522
down €522 (-18.9%), from €2,765 to €2,244
- Profit (loss) carried forward -€39,664
down €39,664 (-95.0%), from €41,739 to €2,075
- Other debts +€36,900
new in 2025: €36,900
- Tax, wage and social debts +€9,072
up €9,072 (+955.5%), from €949 to €10,022
- Trade debts -€642
no longer reported in 2025 (was €642)
- Gross operating margin +€5,155
up €5,155 (+297.2%), from €1,735 to €6,889
- Taxes +€972
up €972 (+102.4%), from €949 to €1,922
- Other operating charges +€354
up €354 (+79.4%), from €446 to €799
- Financial income -€292
down €292 (-12.7%), from €2,304 to €2,012
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 | €45,330 | €50,997 | +€5,666 | +12.5% |
| Fixed assets | 21/28 | €956 | €376 | -€579 | -60.6% |
| Tangible fixed assets | 22/27 | €956 | €376 | -€579 | -60.6% |
| Plant, machinery and equipment | 23 | €956 | €376 | -€579 | -60.6% |
| Current assets | 29/58 | €44,375 | €50,621 | +€6,246 | +14.1% |
| Amounts receivable within one year | 40/41 | €39,168 | €35,101 | -€4,067 | -10.4% |
| Other amounts receivable | 41 | €39,168 | €35,101 | -€4,067 | -10.4% |
| Cash at bank and in hand | 54/58 | €2,442 | €13,276 | +€10,834 | +443.7% |
| Deferred charges and accrued income | 490/1 | €2,765 | €2,244 | -€522 | -18.9% |
| Total equity and liabilities | 10/49 | €45,330 | €50,997 | +€5,666 | +12.5% |
| Equity | 10/15 | €43,739 | €4,075 | -€39,664 | -90.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,739 | €2,075 | -€39,664 | -95.0% |
| Amounts payable | 17/49 | €1,592 | €46,922 | +€45,330 | +2848.2% |
| Amounts payable within one year | 42/48 | €1,592 | €46,922 | +€45,330 | +2848.2% |
| Trade debts | 44 | €642 | - | -€642 | |
| Suppliers | 440/4 | €642 | - | -€642 | |
| Taxes, remuneration and social security | 45 | €949 | €10,022 | +€9,072 | +955.5% |
| Taxes | 450/3 | €949 | €10,022 | +€9,072 | +955.5% |
| Other amounts payable | 47/48 | - | €36,900 | +€36,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €579 | = | 0.0% |
| Other operating charges | 640/8 | €446 | €799 | +€354 | +79.4% |
| Non-recurring operating charges | 66A | - | €232 | +€232 | |
| Gross operating margin | 9900 | €1,735 | €6,889 | +€5,155 | +297.2% |
| Operating profit (loss) | 9901 | €710 | €5,279 | +€4,569 | +643.7% |
| Financial income | 75/76B | €2,304 | €2,012 | -€292 | -12.7% |
| Recurring financial income | 75 | €2,304 | €2,012 | -€292 | -12.7% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,970 | €7,246 | +€4,275 | +143.9% |
| Income taxes | 67/77 | €949 | €1,922 | +€972 | +102.4% |
| Profit (loss) for the period | 9904 | €2,021 | €5,324 | +€3,303 | +163.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,021 | €5,324 | +€3,303 | +163.4% |
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.