T.L.: 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.
T.L.
Largest movements
- Receivables within one year +€162,835
up €162,835 (+156.4%), from €104,118 to €266,953
of which Trade receivables: +€170,464
- Tangible fixed assets +€108,991
up €108,991 (+101.0%), from €107,917 to €216,908
of which Furniture and vehicles: +€92,214
- Debts after one year +€250,389
up €250,389 (+175.0%), from €143,081 to €393,470
of which Other amounts payable: +€189,732
- Profit (loss) carried forward -€48,676
down €48,676, from €44,346 to -€4,331
- Trade debts +€42,664
up €42,664 (+193.0%), from €22,103 to €64,768
- Short-term financial debts +€21,426
up €21,426 (+127.0%), from €16,867 to €38,292
- Gross operating margin -€45,789
down €45,789 (-32.3%), from €141,840 to €96,052
- Turnover -€35,407
down €35,407 (-12.3%), from €287,064 to €251,656
- Depreciation +€9,605
up €9,605 (+19.8%), from €48,489 to €58,094
- Purchases and services +€9,468
up €9,468 (+6.5%), from €146,137 to €155,605
- Staff costs +€6,397
up €6,397 (+11.7%), from €54,787 to €61,184
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,477 | €556,157 | +€266,680 | +92.1% |
| Fixed assets | 21/28 | €108,575 | €217,566 | +€108,991 | +100.4% |
| Tangible fixed assets | 22/27 | €107,917 | €216,908 | +€108,991 | +101.0% |
| Furniture and vehicles | 24 | €67,498 | €159,712 | +€92,214 | +136.6% |
| Other tangible fixed assets | 26 | €40,419 | €57,196 | +€16,777 | +41.5% |
| Financial fixed assets | 28 | €658 | €658 | = | 0.0% |
| Current assets | 29/58 | €180,902 | €338,591 | +€157,689 | +87.2% |
| Stocks and contracts in progress | 3 | €4,933 | €4,933 | = | 0.0% |
| Stocks | 30/36 | €4,933 | €4,933 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,118 | €266,953 | +€162,835 | +156.4% |
| Trade receivables | 40 | €73,243 | €243,707 | +€170,464 | +232.7% |
| Other amounts receivable | 41 | €30,875 | €23,246 | -€7,629 | -24.7% |
| Cash at bank and in hand | 54/58 | €58,239 | €52,898 | -€5,341 | -9.2% |
| Deferred charges and accrued income | 490/1 | €13,612 | €13,807 | +€195 | +1.4% |
| Total equity and liabilities | 10/49 | €289,477 | €556,157 | +€266,680 | +92.1% |
| Equity | 10/15 | €82,306 | €33,629 | -€48,676 | -59.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €17,500 | €17,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | - | -€17,500 | |
| Other | 1319 | €17,500 | - | -€17,500 | |
| Tax-exempt reserves | 132 | - | €17,500 | +€17,500 | |
| Profit (loss) carried forward | 14 | €44,346 | -€4,331 | -€48,676 | |
| Amounts payable | 17/49 | €207,172 | €522,528 | +€315,356 | +152.2% |
| Amounts payable after more than one year | 17 | €143,081 | €393,470 | +€250,389 | +175.0% |
| Financial debts | 170/4 | €34,371 | €95,028 | +€60,657 | +176.5% |
| Other amounts payable | 178/9 | €108,710 | €298,442 | +€189,732 | +174.5% |
| Amounts payable within one year | 42/48 | €63,155 | €128,123 | +€64,967 | +102.9% |
| Financial debts | 43 | €16,867 | €38,292 | +€21,426 | +127.0% |
| Other loans | 439 | €16,867 | €38,292 | +€21,426 | +127.0% |
| Trade debts | 44 | €22,103 | €64,768 | +€42,664 | +193.0% |
| Suppliers | 440/4 | €22,103 | €64,768 | +€42,664 | +193.0% |
| Taxes, remuneration and social security | 45 | €22,183 | €22,324 | +€141 | +0.6% |
| Taxes | 450/3 | €1,531 | €580 | -€951 | -62.1% |
| Remuneration and social security | 454/9 | €20,652 | €21,744 | +€1,092 | +5.3% |
| Other amounts payable | 47/48 | €2,002 | €2,738 | +€736 | +36.8% |
| Accrued charges and deferred income | 492/3 | €935 | €935 | = | 0.0% |
| Turnover | 70 | €287,064 | €251,656 | -€35,407 | -12.3% |
| Non-recurring operating income | 76A | €913 | - | -€913 | |
| Goods, raw materials, services and sundry goods | 60/61 | €146,137 | €155,605 | +€9,468 | +6.5% |
| Remuneration, social security and pensions | 62 | €54,787 | €61,184 | +€6,397 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,489 | €58,094 | +€9,605 | +19.8% |
| Other operating charges | 640/8 | €14,833 | €18,202 | +€3,369 | +22.7% |
| Gross operating margin | 9900 | €141,840 | €96,052 | -€45,789 | -32.3% |
| Operating profit (loss) | 9901 | €23,731 | -€41,428 | -€65,159 | |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €5,032 | €7,290 | +€2,258 | +44.9% |
| Recurring financial charges | 65 | €5,032 | €7,290 | +€2,258 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €18,699 | -€48,676 | -€67,376 | |
| Profit (loss) for the period | 9904 | €18,699 | -€48,676 | -€67,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,699 | -€48,676 | -€67,376 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.