T.L.R.: 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.R.
Largest movements
- Tangible fixed assets -€7,579
down €7,579 (-56.8%), from €13,352 to €5,773
- Cash -€4,704
down €4,704 (-41.4%), from €11,356 to €6,651
mainly Net result for the year (-€10,341) and Advances received (-€3,603)
- Receivables within one year -€3,399
down €3,399 (-100%), from €3,399 to €0
of which Trade receivables: -€3,399
- Deferred charges and accrued income -€389
down €389 (-100%), from €389 to €0
- Profit (loss) carried forward -€10,341
down €10,341, from €6,253 to -€4,088
- Advances received -€3,603
down €3,603 (-100%), from €3,603 to €0
- Debts after one year -€2,123
down €2,123 (-100%), from €2,123 to €0
- Trade debts +€655
up €655 (+1,716%), from €38 to €693
- Current portion of long-term debt -€578
down €578 (-21.4%), from €2,700 to €2,123
- Gross operating margin -€8,929
down €8,929, from €7,035 to -€1,893
- Financial charges -€298
down €298 (-46.4%), from €641 to €343
- Other operating charges -€233
down €233 (-30.5%), from €764 to €531
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 | €33,495 | €17,424 | -€16,071 | -48.0% |
| Fixed assets | 21/28 | €13,352 | €5,773 | -€7,579 | -56.8% |
| Tangible fixed assets | 22/27 | €13,352 | €5,773 | -€7,579 | -56.8% |
| Furniture and vehicles | 24 | €13,352 | €5,773 | -€7,579 | -56.8% |
| Current assets | 29/58 | €20,144 | €11,651 | -€8,492 | -42.2% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,399 | €0 | -€3,399 | -100% |
| Trade receivables | 40 | €3,399 | €0 | -€3,399 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,356 | €6,651 | -€4,704 | -41.4% |
| Deferred charges and accrued income | 490/1 | €389 | €0 | -€389 | -100% |
| Total equity and liabilities | 10/49 | €33,495 | €17,424 | -€16,071 | -48.0% |
| Equity | 10/15 | €24,845 | €14,504 | -€10,341 | -41.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,253 | -€4,088 | -€10,341 | |
| Amounts payable | 17/49 | €8,650 | €2,920 | -€5,730 | -66.2% |
| Amounts payable after more than one year | 17 | €2,123 | €0 | -€2,123 | -100% |
| Financial debts | 170/4 | €2,123 | €0 | -€2,123 | -100% |
| Amounts payable within one year | 42/48 | €6,527 | €2,920 | -€3,607 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €2,700 | €2,123 | -€578 | -21.4% |
| Trade debts | 44 | €38 | €693 | +€655 | +1,716% |
| Suppliers | 440/4 | €38 | €693 | +€655 | +1,716% |
| Advances received on contracts in progress | 46 | €3,603 | €0 | -€3,603 | -100% |
| Taxes, remuneration and social security | 45 | €186 | €104 | -€82 | -44.1% |
| Taxes | 450/3 | €186 | €104 | -€82 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,579 | €7,579 | = | 0.0% |
| Other operating charges | 640/8 | €764 | €531 | -€233 | -30.5% |
| Gross operating margin | 9900 | €7,035 | -€1,893 | -€8,929 | |
| Operating profit (loss) | 9901 | -€1,308 | -€10,003 | -€8,696 | -665% |
| Financial income | 75/76B | €6 | €6 | -€0 | -3.8% |
| Recurring financial income | 75 | €6 | €6 | -€0 | -3.8% |
| Financial charges | 65/66B | €641 | €343 | -€298 | -46.4% |
| Recurring financial charges | 65 | €641 | €343 | -€298 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,943 | -€10,341 | -€8,398 | -432% |
| Profit (loss) for the period | 9904 | -€1,943 | -€10,341 | -€8,398 | -432% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,943 | -€10,341 | -€8,398 | -432% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.