TL DUTRIEUX: 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 DUTRIEUX
Largest movements
- Receivables within one year -€2,306
down €2,306 (-8.9%), from €25,820 to €23,514
of which Other amounts receivable: -€1,217
- Tangible fixed assets -€1,994
down €1,994 (-4.9%), from €40,536 to €38,542
of which Furniture and vehicles: -€1,142
- Cash +€1,707
up €1,707 (+3.6%), from €47,055 to €48,762
mainly Depreciation (+€19,855) and Net result for the year (+€11,421)
- Profit (loss) carried forward +€11,421
up €11,421 (+49.0%), from €23,323 to €34,744
- Current portion of long-term debt -€6,279
no longer reported in 2025 (was €6,279)
- Tax, wage and social debts -€2,669
down €2,669 (-61.4%), from €4,346 to €1,677
- Other debts -€2,527
down €2,527 (-6.9%), from €36,798 to €34,271
- Trade debts -€2,351
down €2,351 (-23.6%), from €9,965 to €7,614
- Depreciation +€8,689
up €8,689 (+77.8%), from €11,166 to €19,855
- Gross operating margin -€7,021
down €7,021 (-15.4%), from €45,544 to €38,523
- Taxes -€5,866
down €5,866 (-67.3%), from €8,713 to €2,847
- Other operating charges -€911
down €911 (-64.8%), from €1,406 to €495
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 | €113,411 | €111,006 | -€2,405 | -2.1% |
| Fixed assets | 21/28 | €40,536 | €38,542 | -€1,994 | -4.9% |
| Tangible fixed assets | 22/27 | €40,536 | €38,542 | -€1,994 | -4.9% |
| Land and buildings | 22 | €3,397 | €2,548 | -€849 | -25.0% |
| Plant, machinery and equipment | 23 | €3 | - | -€3 | |
| Furniture and vehicles | 24 | €37,136 | €35,994 | -€1,142 | -3.1% |
| Current assets | 29/58 | €72,875 | €72,464 | -€411 | -0.6% |
| Amounts receivable within one year | 40/41 | €25,820 | €23,514 | -€2,306 | -8.9% |
| Trade receivables | 40 | €22,549 | €21,460 | -€1,089 | -4.8% |
| Other amounts receivable | 41 | €3,271 | €2,054 | -€1,217 | -37.2% |
| Cash at bank and in hand | 54/58 | €47,055 | €48,762 | +€1,707 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €113,411 | €111,006 | -€2,405 | -2.1% |
| Equity | 10/15 | €56,023 | €67,444 | +€11,421 | +20.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,700 | €30,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,500 | €30,500 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,323 | €34,744 | +€11,421 | +49.0% |
| Amounts payable | 17/49 | €57,388 | €43,562 | -€13,826 | -24.1% |
| Amounts payable within one year | 42/48 | €57,388 | €43,562 | -€13,826 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €6,279 | - | -€6,279 | |
| Trade debts | 44 | €9,965 | €7,614 | -€2,351 | -23.6% |
| Suppliers | 440/4 | €9,965 | €7,614 | -€2,351 | -23.6% |
| Taxes, remuneration and social security | 45 | €4,346 | €1,677 | -€2,669 | -61.4% |
| Taxes | 450/3 | €4,346 | €1,677 | -€2,669 | -61.4% |
| Other amounts payable | 47/48 | €36,798 | €34,271 | -€2,527 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,166 | €19,855 | +€8,689 | +77.8% |
| Other operating charges | 640/8 | €1,406 | €495 | -€911 | -64.8% |
| Non-recurring operating charges | 66A | - | €3,157 | +€3,157 | |
| Gross operating margin | 9900 | €45,544 | €38,523 | -€7,021 | -15.4% |
| Operating profit (loss) | 9901 | €32,972 | €15,016 | -€17,956 | -54.5% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €997 | €817 | -€180 | -18.1% |
| Recurring financial charges | 65 | €997 | €817 | -€180 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €31,975 | €14,268 | -€17,707 | -55.4% |
| Income taxes | 67/77 | €8,713 | €2,847 | -€5,866 | -67.3% |
| Profit (loss) for the period | 9904 | €23,262 | €11,421 | -€11,841 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,262 | €11,421 | -€11,841 | -50.9% |
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 27 October 2026 via checked.be.