TM CONCEPT: 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.
TM CONCEPT
Largest movements
- Receivables within one year +€39,126
up €39,126 (+61.5%), from €63,591 to €102,717
of which Trade receivables: +€36,766
- Cash -€2,000
down €2,000 (-92.2%), from €2,169 to €170
mainly Receivables within one year (-€39,126) and Deferred charges and accrued income (-€1,111)
- Profit (loss) carried forward +€11,477
up €11,477 (+85.6%), from -€13,410 to -€1,933
- Trade debts +€11,220
up €11,220 (+184%), from €6,084 to €17,304
- Tax, wage and social debts +€10,995
up €10,995 (+18.5%), from €59,345 to €70,339
of which Taxes: +€21,995
- Short-term financial debts +€4,017
new in 2025: €4,017
- Gross operating margin +€10,078
up €10,078 (+105%), from €9,580 to €19,658
- Other operating charges +€6,485
up €6,485 (+706%), from €918 to €7,403
- Financial charges -€3,027
down €3,027 (-68.7%), from €4,405 to €1,378
- Taxes -€445
down €445 (-64.6%), from €689 to €244
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.
Derived cash bridge
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 | €73,991 | €111,699 | +€37,708 | +51.0% |
| Fixed assets | 21/28 | €6,736 | €6,206 | -€530 | -7.9% |
| Tangible fixed assets | 22/27 | €386 | €206 | -€180 | -46.6% |
| Plant, machinery and equipment | 23 | €386 | €206 | -€180 | -46.6% |
| Financial fixed assets | 28 | €6,350 | €6,000 | -€350 | -5.5% |
| Current assets | 29/58 | €67,255 | €105,493 | +€38,238 | +56.9% |
| Amounts receivable within one year | 40/41 | €63,591 | €102,717 | +€39,126 | +61.5% |
| Trade receivables | 40 | €37,174 | €73,939 | +€36,766 | +98.9% |
| Other amounts receivable | 41 | €26,417 | €28,778 | +€2,361 | +8.9% |
| Cash at bank and in hand | 54/58 | €2,169 | €170 | -€2,000 | -92.2% |
| Deferred charges and accrued income | 490/1 | €1,495 | €2,606 | +€1,111 | +74.3% |
| Total equity and liabilities | 10/49 | €73,991 | €111,699 | +€37,708 | +51.0% |
| Equity | 10/15 | €8,562 | €20,039 | +€11,477 | +134% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,772 | €15,772 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,912 | €13,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,410 | -€1,933 | +€11,477 | +85.6% |
| Amounts payable | 17/49 | €65,429 | €91,660 | +€26,231 | +40.1% |
| Amounts payable within one year | 42/48 | €65,429 | €91,660 | +€26,231 | +40.1% |
| Financial debts | 43 | - | €4,017 | +€4,017 | |
| Credit institutions | 430/8 | - | €4,017 | +€4,017 | |
| Trade debts | 44 | €6,084 | €17,304 | +€11,220 | +184% |
| Suppliers | 440/4 | €6,084 | €17,304 | +€11,220 | +184% |
| Taxes, remuneration and social security | 45 | €59,345 | €70,339 | +€10,995 | +18.5% |
| Taxes | 450/3 | €48,345 | €70,339 | +€21,995 | +45.5% |
| Remuneration and social security | 454/9 | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €180 | = | 0.0% |
| Other operating charges | 640/8 | €918 | €7,403 | +€6,485 | +706% |
| Gross operating margin | 9900 | €9,580 | €19,658 | +€10,078 | +105% |
| Operating profit (loss) | 9901 | €8,482 | €12,075 | +€3,593 | +42.4% |
| Financial income | 75/76B | €1,128 | €1,024 | -€104 | -9.2% |
| Recurring financial income | 75 | €1,128 | €1,024 | -€104 | -9.2% |
| Financial charges | 65/66B | €4,405 | €1,378 | -€3,027 | -68.7% |
| Recurring financial charges | 65 | €4,405 | €1,378 | -€3,027 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €5,205 | €11,721 | +€6,516 | +125% |
| Income taxes | 67/77 | €689 | €244 | -€445 | -64.6% |
| Profit (loss) for the period | 9904 | €4,516 | €11,477 | +€6,961 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €4,516 | €11,477 | +€6,961 | +154% |
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 1 November 2026 via checked.be.