TL CONSULT: 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 CONSULT
Largest movements
- Cash +€65,383
up €65,383 (+316%), from €20,721 to €86,104
mainly Net result for the year (+€175,906) and Receivables within one year (+€51,255)
- Current investments +€53,044
up €53,044 (+15.3%), from €347,006 to €400,050
- Receivables within one year -€51,255
down €51,255 (-23.5%), from €217,941 to €166,686
of which Trade receivables: -€26,314
- Reserves +€116,779
up €116,779 (+20.7%), from €563,276 to €680,055
- Debts after one year -€50,838
down €50,838 (-20.7%), from €246,003 to €195,164
- Short-term financial debts +€16,896
up €16,896, from €0 to €16,896
- Financial income +€70,633
up €70,633 (+945%), from €7,473 to €78,107
- Financial charges +€20,305
up €20,305 (+596%), from €3,406 to €23,711
- Gross operating margin +€14,735
up €14,735 (+7.5%), from €196,007 to €210,742
- Taxes +€8,707
up €8,707 (+17.2%), from €50,522 to €59,229
- Other operating charges +€2,423
up €2,423 (+114%), from €2,132 to €4,556
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 | €1,116,892 | €1,182,919 | +€66,027 | +5.9% |
| Fixed assets | 21/28 | €527,894 | €520,702 | -€7,192 | -1.4% |
| Tangible fixed assets | 22/27 | €524,200 | €516,732 | -€7,468 | -1.4% |
| Land and buildings | 22 | €509,862 | €508,825 | -€1,038 | -0.2% |
| Plant, machinery and equipment | 23 | €969 | €482 | -€487 | -50.2% |
| Furniture and vehicles | 24 | €13,369 | €7,425 | -€5,944 | -44.5% |
| Financial fixed assets | 28 | €3,694 | €3,970 | +€276 | +7.5% |
| Current assets | 29/58 | €588,998 | €662,217 | +€73,219 | +12.4% |
| Amounts receivable within one year | 40/41 | €217,941 | €166,686 | -€51,255 | -23.5% |
| Trade receivables | 40 | €92,806 | €66,492 | -€26,314 | -28.4% |
| Other amounts receivable | 41 | €125,135 | €100,195 | -€24,940 | -19.9% |
| Current investments | 50/53 | €347,006 | €400,050 | +€53,044 | +15.3% |
| Cash at bank and in hand | 54/58 | €20,721 | €86,104 | +€65,383 | +316% |
| Deferred charges and accrued income | 490/1 | €3,331 | €9,377 | +€6,046 | +182% |
| Total equity and liabilities | 10/49 | €1,116,892 | €1,182,919 | +€66,027 | +5.9% |
| Equity | 10/15 | €581,876 | €698,655 | +€116,779 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €563,276 | €680,055 | +€116,779 | +20.7% |
| Distributable reserves | 133 | €563,276 | €680,055 | +€116,779 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €535,016 | €484,264 | -€50,752 | -9.5% |
| Amounts payable after more than one year | 17 | €246,003 | €195,164 | -€50,838 | -20.7% |
| Financial debts | 170/4 | €246,003 | €195,164 | -€50,838 | -20.7% |
| Amounts payable within one year | 42/48 | €289,013 | €289,099 | +€86 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €49,616 | €50,838 | +€1,222 | +2.5% |
| Financial debts | 43 | €0 | €16,896 | +€16,896 | |
| Other loans | 439 | €0 | €16,896 | +€16,896 | |
| Trade debts | 44 | €37,293 | €27,809 | -€9,483 | -25.4% |
| Suppliers | 440/4 | €37,293 | €27,809 | -€9,483 | -25.4% |
| Taxes, remuneration and social security | 45 | €17,994 | €20,860 | +€2,865 | +15.9% |
| Taxes | 450/3 | €17,994 | €20,860 | +€2,865 | +15.9% |
| Other amounts payable | 47/48 | €184,110 | €172,696 | -€11,414 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,865 | €25,447 | +€1,582 | +6.6% |
| Other operating charges | 640/8 | €2,132 | €4,556 | +€2,423 | +114% |
| Gross operating margin | 9900 | €196,007 | €210,742 | +€14,735 | +7.5% |
| Operating profit (loss) | 9901 | €170,009 | €180,739 | +€10,730 | +6.3% |
| Financial income | 75/76B | €7,473 | €78,107 | +€70,633 | +945% |
| Recurring financial income | 75 | €7,473 | €78,107 | +€70,633 | +945% |
| Financial charges | 65/66B | €3,406 | €23,711 | +€20,305 | +596% |
| Recurring financial charges | 65 | €3,406 | €23,711 | +€20,305 | +596% |
| Profit (loss) for the period before taxes | 9903 | €174,077 | €235,135 | +€61,058 | +35.1% |
| Income taxes | 67/77 | €50,522 | €59,229 | +€8,707 | +17.2% |
| Profit (loss) for the period | 9904 | €123,555 | €175,906 | +€52,351 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,555 | €175,906 | +€52,351 | +42.4% |
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 20 October 2026 via checked.be.