T.L.S.: 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.S.
Largest movements
- Receivables within one year -€11,328
down €11,328 (-6.2%), from €182,377 to €171,049
of which Trade receivables: -€30,919
- Tangible fixed assets -€8,012
down €8,012 (-18.5%), from €43,200 to €35,187
of which Land and buildings: -€9,041
- Cash -€6,792
down €6,792 (-15.7%), from €43,337 to €36,544
mainly Advances received (-€32,388) and Other debts (-€20,000)
- Reserves +€57,000
up €57,000 (+14.6%), from €390,610 to €447,610
of which Distributable reserves: +€57,000
- Advances received -€32,388
down €32,388 (-72.9%), from €44,414 to €12,026
- Tax, wage and social debts +€22,773
up €22,773 (+38.5%), from €59,208 to €81,981
of which Remuneration and social security: +€17,218
- Other debts -€20,000
no longer reported in 2024 (was €20,000)
- Debts after one year -€18,229
down €18,229 (-34.1%), from €53,438 to €35,209
- Staff costs -€28,853
down €28,853 (-36.7%), from €78,614 to €49,761
- Gross operating margin +€23,198
up €23,198 (+18.1%), from €128,192 to €151,390
- Taxes +€10,976
up €10,976 (+92.1%), from €11,923 to €22,899
- Financial income -€4,808
down €4,808 (-46.6%), from €10,321 to €5,513
- Other operating charges +€4,003
up €4,003 (+163%), from €2,452 to €6,455
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.
Derived cash bridge
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 | €663,932 | €648,922 | -€15,010 | -2.3% |
| Fixed assets | 21/28 | €43,200 | €35,187 | -€8,012 | -18.5% |
| Tangible fixed assets | 22/27 | €43,200 | €35,187 | -€8,012 | -18.5% |
| Land and buildings | 22 | €32,827 | €23,786 | -€9,041 | -27.5% |
| Plant, machinery and equipment | 23 | €520 | €8,201 | +€7,681 | +1,478% |
| Furniture and vehicles | 24 | €9,853 | €3,201 | -€6,652 | -67.5% |
| Current assets | 29/58 | €620,732 | €613,734 | -€6,998 | -1.1% |
| Amounts receivable after more than one year | 29 | €379,683 | €384,300 | +€4,617 | +1.2% |
| Other amounts receivable | 291 | €379,683 | €384,300 | +€4,617 | +1.2% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €182,377 | €171,049 | -€11,328 | -6.2% |
| Trade receivables | 40 | €42,265 | €11,345 | -€30,919 | -73.2% |
| Other amounts receivable | 41 | €140,112 | €159,703 | +€19,591 | +14.0% |
| Cash at bank and in hand | 54/58 | €43,337 | €36,544 | -€6,792 | -15.7% |
| Deferred charges and accrued income | 490/1 | €14,086 | €20,592 | +€6,506 | +46.2% |
| Total equity and liabilities | 10/49 | €663,932 | €648,922 | -€15,010 | -2.3% |
| Equity | 10/15 | €430,247 | €487,553 | +€57,306 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,610 | €447,610 | +€57,000 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €388,750 | €445,750 | +€57,000 | +14.7% |
| Profit (loss) carried forward | 14 | €21,037 | €21,343 | +€306 | +1.5% |
| Amounts payable | 17/49 | €233,685 | €161,369 | -€72,316 | -30.9% |
| Amounts payable after more than one year | 17 | €53,438 | €35,209 | -€18,229 | -34.1% |
| Financial debts | 170/4 | €53,438 | €35,209 | -€18,229 | -34.1% |
| Amounts payable within one year | 42/48 | €180,113 | €126,160 | -€53,954 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €45,997 | €30,199 | -€15,798 | -34.3% |
| Trade debts | 44 | €10,495 | €1,953 | -€8,542 | -81.4% |
| Suppliers | 440/4 | €10,495 | €1,953 | -€8,542 | -81.4% |
| Advances received on contracts in progress | 46 | €44,414 | €12,026 | -€32,388 | -72.9% |
| Taxes, remuneration and social security | 45 | €59,208 | €81,981 | +€22,773 | +38.5% |
| Taxes | 450/3 | €46,028 | €51,582 | +€5,555 | +12.1% |
| Remuneration and social security | 454/9 | €13,181 | €30,399 | +€17,218 | +131% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €133 | - | -€133 | |
| Non-recurring operating income | 76A | - | €7,246 | +€7,246 | |
| Remuneration, social security and pensions | 62 | €78,614 | €49,761 | -€28,853 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,849 | €13,396 | +€547 | +4.3% |
| Other operating charges | 640/8 | €2,452 | €6,455 | +€4,003 | +163% |
| Gross operating margin | 9900 | €128,192 | €151,390 | +€23,198 | +18.1% |
| Operating profit (loss) | 9901 | €34,276 | €81,777 | +€47,501 | +139% |
| Financial income | 75/76B | €10,321 | €5,513 | -€4,808 | -46.6% |
| Recurring financial income | 75 | €10,321 | €5,513 | -€4,808 | -46.6% |
| Financial charges | 65/66B | €6,132 | €7,085 | +€953 | +15.5% |
| Recurring financial charges | 65 | €6,132 | €7,085 | +€953 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €38,466 | €80,205 | +€41,740 | +109% |
| Income taxes | 67/77 | €11,923 | €22,899 | +€10,976 | +92.1% |
| Profit (loss) for the period | 9904 | €26,542 | €57,306 | +€30,764 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €26,542 | €57,306 | +€30,764 | +116% |
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 31 October 2026 via checked.be.