TL CONNECTIONS: 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 CONNECTIONS
Largest movements
- Receivables within one year +€5,186
up €5,186 (+59.5%), from €8,718 to €13,904
of which Other amounts receivable: +€8,470
- Tangible fixed assets -€5,049
down €5,049 (-25.0%), from €20,198 to €15,149
- Cash +€2,557
up €2,557 (+859%), from €298 to €2,855
mainly Net result for the year (+€13,219) and Depreciation (+€5,049)
- Profit (loss) carried forward +€13,219
up €13,219, from -€12,256 to €963
- Trade debts -€10,147
down €10,147 (-91.5%), from €11,091 to €944
- Tax, wage and social debts -€379
no longer reported in 2024 (was €379)
- Turnover +€54,306
up €54,306 (+125%), from €43,522 to €97,828
- Purchases and services +€28,719
up €28,719 (+57.1%), from €50,269 to €78,987
- Gross operating margin +€25,914
up €25,914, from -€6,353 to €19,561
- Staff costs +€1,000
new in 2024: €1,000
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 | €29,214 | €31,908 | +€2,693 | +9.2% |
| Fixed assets | 21/28 | €20,198 | €15,149 | -€5,049 | -25.0% |
| Tangible fixed assets | 22/27 | €20,198 | €15,149 | -€5,049 | -25.0% |
| Furniture and vehicles | 24 | €20,198 | €15,149 | -€5,049 | -25.0% |
| Current assets | 29/58 | €9,016 | €16,759 | +€7,743 | +85.9% |
| Amounts receivable within one year | 40/41 | €8,718 | €13,904 | +€5,186 | +59.5% |
| Trade receivables | 40 | €3,285 | - | -€3,285 | |
| Other amounts receivable | 41 | €5,434 | €13,904 | +€8,470 | +156% |
| Cash at bank and in hand | 54/58 | €298 | €2,855 | +€2,557 | +859% |
| Total equity and liabilities | 10/49 | €29,214 | €31,908 | +€2,693 | +9.2% |
| Equity | 10/15 | €17,744 | €30,963 | +€13,219 | +74.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,256 | €963 | +€13,219 | |
| Amounts payable | 17/49 | €11,470 | €944 | -€10,526 | -91.8% |
| Amounts payable within one year | 42/48 | €11,470 | €944 | -€10,526 | -91.8% |
| Trade debts | 44 | €11,091 | €944 | -€10,147 | -91.5% |
| Suppliers | 440/4 | €11,091 | €944 | -€10,147 | -91.5% |
| Taxes, remuneration and social security | 45 | €379 | - | -€379 | |
| Remuneration and social security | 454/9 | €379 | - | -€379 | |
| Turnover | 70 | €43,522 | €97,828 | +€54,306 | +125% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,269 | €78,987 | +€28,719 | +57.1% |
| Remuneration, social security and pensions | 62 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,049 | €5,049 | = | 0.0% |
| Other operating charges | 640/8 | €700 | €205 | -€494 | -70.7% |
| Gross operating margin | 9900 | -€6,353 | €19,561 | +€25,914 | |
| Operating profit (loss) | 9901 | -€12,102 | €13,306 | +€25,408 | |
| Financial charges | 65/66B | €153 | €87 | -€66 | -43.1% |
| Recurring financial charges | 65 | €153 | €87 | -€66 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,256 | €13,219 | +€25,474 | |
| Profit (loss) for the period | 9904 | -€12,256 | €13,219 | +€25,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,256 | €13,219 | +€25,474 |
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 25 October 2026 via checked.be.