TBL: what changed
Two fiscal 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.
TBL
Largest movements
- Receivables within one year -€9,250
down €9,250 (-59.5%), from €15,552 to €6,302
of which Other amounts receivable: -€5,152
- Cash -€3,588
no longer reported in 2025 (was €3,588)
mainly Net result for the year (-€18,063) and Investment in fixed assets (net) (-€12,530)
- Financial fixed assets +€2,700
new in 2025: €2,700
- Deferred charges and accrued income +€1,892
up €1,892 (+1571.3%), from €120 to €2,012
- Tangible fixed assets +€1,071
up €1,071 (+3.1%), from €34,839 to €35,911
of which Furniture and vehicles: +€4,268
- Reserves -€18,063
down €18,063 (-81.1%), from €22,286 to €4,223
- Current portion of long-term debt +€11,586
new in 2025: €11,586
- Other debts -€4,169
down €4,169 (-64.0%), from €6,509 to €2,340
- Debts after one year +€3,816
up €3,816 (+22.5%), from €16,990 to €20,806
- Trade debts -€1,471
down €1,471 (-38.2%), from €3,853 to €2,382
- Gross operating margin -€20,115
down €20,115, from €13,638 to -€6,477
- Depreciation +€5,529
up €5,529 (+171.2%), from €3,230 to €8,759
- Taxes -€1,461
no longer reported in 2025 (was €1,461)
- Other operating charges +€544
up €544 (+87.1%), from €625 to €1,169
- Financial charges +€352
up €352 (+26.9%), from €1,311 to €1,664
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.
Cash bridge derived
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 | €54,100 | €46,924 | -€7,175 | -13.3% |
| Fixed assets | 21/28 | €34,839 | €38,611 | +€3,771 | +10.8% |
| Tangible fixed assets | 22/27 | €34,839 | €35,911 | +€1,071 | +3.1% |
| Plant, machinery and equipment | 23 | €10,034 | €6,837 | -€3,197 | -31.9% |
| Furniture and vehicles | 24 | €24,805 | €29,073 | +€4,268 | +17.2% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €19,260 | €8,314 | -€10,947 | -56.8% |
| Amounts receivable within one year | 40/41 | €15,552 | €6,302 | -€9,250 | -59.5% |
| Trade receivables | 40 | €9,690 | €5,592 | -€4,098 | -42.3% |
| Other amounts receivable | 41 | €5,862 | €710 | -€5,152 | -87.9% |
| Cash at bank and in hand | 54/58 | €3,588 | - | -€3,588 | |
| Deferred charges and accrued income | 490/1 | €120 | €2,012 | +€1,892 | +1571.3% |
| Total equity and liabilities | 10/49 | €54,100 | €46,924 | -€7,175 | -13.3% |
| Equity | 10/15 | €25,286 | €7,223 | -€18,063 | -71.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,286 | €4,223 | -€18,063 | -81.1% |
| Distributable reserves | 133 | €22,286 | €4,223 | -€18,063 | -81.1% |
| Amounts payable | 17/49 | €28,814 | €39,702 | +€10,888 | +37.8% |
| Amounts payable after more than one year | 17 | €16,990 | €20,806 | +€3,816 | +22.5% |
| Financial debts | 170/4 | €16,990 | €20,806 | +€3,816 | +22.5% |
| Amounts payable within one year | 42/48 | €11,823 | €18,896 | +€7,072 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,586 | +€11,586 | |
| Financial debts | 43 | - | €1,125 | +€1,125 | |
| Credit institutions | 430/8 | - | €1,125 | +€1,125 | |
| Trade debts | 44 | €3,853 | €2,382 | -€1,471 | -38.2% |
| Suppliers | 440/4 | €3,853 | €2,382 | -€1,471 | -38.2% |
| Taxes, remuneration and social security | 45 | €1,461 | €1,461 | = | 0.0% |
| Taxes | 450/3 | €1,461 | €1,461 | = | 0.0% |
| Other amounts payable | 47/48 | €6,509 | €2,340 | -€4,169 | -64.0% |
| Non-recurring operating income | 76A | - | €2,682 | +€2,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,230 | €8,759 | +€5,529 | +171.2% |
| Other operating charges | 640/8 | €625 | €1,169 | +€544 | +87.1% |
| Gross operating margin | 9900 | €13,638 | -€6,477 | -€20,115 | |
| Operating profit (loss) | 9901 | €9,783 | -€16,405 | -€26,188 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,311 | €1,664 | +€352 | +26.9% |
| Recurring financial charges | 65 | €1,311 | €1,664 | +€352 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €8,472 | -€18,063 | -€26,535 | |
| Income taxes | 67/77 | €1,461 | - | -€1,461 | |
| Profit (loss) for the period | 9904 | €7,011 | -€18,063 | -€25,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,011 | -€18,063 | -€25,074 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.