TL BUILDING: 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.
TL BUILDING
Largest movements
- Tangible fixed assets -€18,787
down €18,787 (-25.8%), from €72,826 to €54,039
of which Furniture and vehicles: -€17,295
- Receivables within one year +€18,317
up €18,317 (+131%), from €14,013 to €32,330
of which Trade receivables: +€19,289
- Cash +€14,204
up €14,204 (+30.2%), from €47,099 to €61,303
mainly Depreciation (+€24,149) and Net result for the year (+€21,926)
- Trade debts +€13,232
up €13,232 (+2,967%), from €446 to €13,678
- Reserves +€1,925
up €1,925 (+1.4%), from €135,530 to €137,455
- Depreciation +€3,218
up €3,218 (+15.4%), from €20,931 to €24,149
- Gross operating margin +€1,188
up €1,188 (+2.3%), from €51,909 to €53,097
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 | €159,688 | €173,511 | +€13,823 | +8.7% |
| Fixed assets | 21/28 | €97,826 | €79,039 | -€18,787 | -19.2% |
| Tangible fixed assets | 22/27 | €72,826 | €54,039 | -€18,787 | -25.8% |
| Land and buildings | 22 | €31,257 | €30,563 | -€694 | -2.2% |
| Plant, machinery and equipment | 23 | €7,015 | €4,838 | -€2,177 | -31.0% |
| Furniture and vehicles | 24 | €29,820 | €12,525 | -€17,295 | -58.0% |
| Other tangible fixed assets | 26 | €4,734 | €6,113 | +€1,379 | +29.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €61,862 | €94,472 | +€32,610 | +52.7% |
| Amounts receivable within one year | 40/41 | €14,013 | €32,330 | +€18,317 | +131% |
| Trade receivables | 40 | €11,217 | €30,506 | +€19,289 | +172% |
| Other amounts receivable | 41 | €2,796 | €1,824 | -€972 | -34.8% |
| Cash at bank and in hand | 54/58 | €47,099 | €61,303 | +€14,204 | +30.2% |
| Deferred charges and accrued income | 490/1 | €750 | €839 | +€89 | +11.9% |
| Total equity and liabilities | 10/49 | €159,688 | €173,511 | +€13,823 | +8.7% |
| Equity | 10/15 | €154,130 | €156,055 | +€1,925 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,530 | €137,455 | +€1,925 | +1.4% |
| Distributable reserves | 133 | €135,530 | €137,455 | +€1,925 | +1.4% |
| Amounts payable | 17/49 | €5,558 | €17,456 | +€11,898 | +214% |
| Amounts payable after more than one year | 17 | €1,050 | €418 | -€632 | -60.2% |
| Financial debts | 170/4 | €1,000 | - | -€1,000 | |
| Other amounts payable | 178/9 | €50 | €418 | +€368 | +736% |
| Amounts payable within one year | 42/48 | €4,508 | €17,038 | +€12,530 | +278% |
| Financial debts | 43 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Other loans | 439 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Trade debts | 44 | €446 | €13,678 | +€13,232 | +2,967% |
| Suppliers | 440/4 | €446 | €13,678 | +€13,232 | +2,967% |
| Taxes, remuneration and social security | 45 | €1,885 | €2,360 | +€475 | +25.2% |
| Taxes | 450/3 | €1,885 | - | -€1,885 | |
| Remuneration and social security | 454/9 | - | €2,360 | +€2,360 | |
| Other amounts payable | 47/48 | €177 | - | -€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,931 | €24,149 | +€3,218 | +15.4% |
| Other operating charges | 640/8 | €997 | €1,256 | +€259 | +26.0% |
| Gross operating margin | 9900 | €51,909 | €53,097 | +€1,188 | +2.3% |
| Operating profit (loss) | 9901 | €29,981 | €27,692 | -€2,289 | -7.6% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Non-recurring financial income | 76B | €44 | - | -€44 | |
| Financial charges | 65/66B | €195 | €160 | -€35 | -17.9% |
| Recurring financial charges | 65 | €195 | €160 | -€35 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €29,830 | €27,532 | -€2,298 | -7.7% |
| Income taxes | 67/77 | €5,585 | €5,606 | +€21 | +0.4% |
| Profit (loss) for the period | 9904 | €24,245 | €21,926 | -€2,319 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,245 | €21,926 | -€2,319 | -9.6% |
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 24 October 2026 via checked.be.