TMMS: 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.
TMMS
Largest movements
- Current investments +€1,846
up €1,846 (+43.8%), from €4,212 to €6,058
- Receivables within one year +€1,801
up €1,801 (+34.5%), from €5,227 to €7,028
of which Trade receivables: +€4,840
- Cash -€1,526
down €1,526 (-9.8%), from €15,614 to €14,088
mainly Other debts (-€11,441) and Current portion of long-term debt (-€3,395)
- Reserves +€15,763
up €15,763, from €0 to €15,763
- Other debts -€11,441
down €11,441 (-84.7%), from €13,503 to €2,062
- Current portion of long-term debt -€3,395
down €3,395 (-66.2%), from €5,131 to €1,736
- Tax, wage and social debts +€2,189
up €2,189 (+24.2%), from €9,053 to €11,242
- Debts after one year -€1,736
down €1,736 (-100%), from €1,736 to €0
- Depreciation -€4,663
down €4,663 (-61.2%), from €7,618 to €2,955
- Taxes +€2,064
up €2,064 (+45.5%), from €4,534 to €6,598
- Gross operating margin +€938
up €938 (+3.7%), from €25,026 to €25,964
- Financial income -€813
down €813 (-92.5%), from €879 to €66
- Other operating charges +€267
up €267 (+109%), from €245 to €511
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 | €29,856 | €32,027 | +€2,171 | +7.3% |
| Fixed assets | 21/28 | €4,387 | €4,372 | -€14 | -0.3% |
| Tangible fixed assets | 22/27 | €3,137 | €3,122 | -€14 | -0.5% |
| Furniture and vehicles | 24 | €3,137 | €3,122 | -€14 | -0.5% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €25,470 | €27,655 | +€2,185 | +8.6% |
| Amounts receivable within one year | 40/41 | €5,227 | €7,028 | +€1,801 | +34.5% |
| Trade receivables | 40 | €0 | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €5,227 | €2,188 | -€3,039 | -58.1% |
| Current investments | 50/53 | €4,212 | €6,058 | +€1,846 | +43.8% |
| Cash at bank and in hand | 54/58 | €15,614 | €14,088 | -€1,526 | -9.8% |
| Deferred charges and accrued income | 490/1 | €417 | €481 | +€64 | +15.3% |
| Total equity and liabilities | 10/49 | €29,856 | €32,027 | +€2,171 | +7.3% |
| Equity | 10/15 | €100 | €15,863 | +€15,763 | +15,763% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €0 | €15,763 | +€15,763 | |
| Distributable reserves | 133 | €0 | €15,763 | +€15,763 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,756 | €16,164 | -€13,592 | -45.7% |
| Amounts payable after more than one year | 17 | €1,736 | €0 | -€1,736 | -100% |
| Financial debts | 170/4 | €1,736 | €0 | -€1,736 | -100% |
| Amounts payable within one year | 42/48 | €28,020 | €16,164 | -€11,856 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €5,131 | €1,736 | -€3,395 | -66.2% |
| Trade debts | 44 | €334 | €1,124 | +€790 | +237% |
| Suppliers | 440/4 | €334 | €1,124 | +€790 | +237% |
| Taxes, remuneration and social security | 45 | €9,053 | €11,242 | +€2,189 | +24.2% |
| Taxes | 450/3 | €9,053 | €11,242 | +€2,189 | +24.2% |
| Other amounts payable | 47/48 | €13,503 | €2,062 | -€11,441 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,618 | €2,955 | -€4,663 | -61.2% |
| Other operating charges | 640/8 | €245 | €511 | +€267 | +109% |
| Gross operating margin | 9900 | €25,026 | €25,964 | +€938 | +3.7% |
| Operating profit (loss) | 9901 | €17,164 | €22,498 | +€5,334 | +31.1% |
| Financial income | 75/76B | €879 | €66 | -€813 | -92.5% |
| Recurring financial income | 75 | €879 | €66 | -€813 | -92.5% |
| Financial charges | 65/66B | €323 | €203 | -€120 | -37.0% |
| Recurring financial charges | 65 | €323 | €203 | -€120 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €17,720 | €22,361 | +€4,641 | +26.2% |
| Income taxes | 67/77 | €4,534 | €6,598 | +€2,064 | +45.5% |
| Profit (loss) for the period | 9904 | €13,186 | €15,763 | +€2,577 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,186 | €15,763 | +€2,577 | +19.5% |
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 30 October 2026 via checked.be.