TL EXPLOITATION: 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 EXPLOITATION
Largest movements
- Cash +€187,895
up €187,895 (+11,935%), from €1,574 to €189,469
mainly Receivables within one year (+€81,235) and Net result for the year (+€69,898)
- Receivables within one year -€81,235
down €81,235 (-60.6%), from €134,119 to €52,885
of which Trade receivables: -€78,642
- Stocks and contracts -€15,000
no longer reported in 2024 (was €15,000)
- Tangible fixed assets -€9,115
down €9,115 (-12.8%), from €71,228 to €62,113
of which Plant, machinery and equipment: -€9,115
- Reserves +€69,898
up €69,898 (+213%), from €32,859 to €102,757
of which Distributable reserves: +€69,898
- Tax, wage and social debts +€10,113
up €10,113 (+133%), from €7,576 to €17,688
- Gross operating margin +€95,705
up €95,705 (+427%), from €22,417 to €118,121
- Taxes +€29,910
up €29,910 (+1,104%), from €2,709 to €32,619
- Depreciation +€1,453
up €1,453 (+12.0%), from €12,082 to €13,535
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 | €222,047 | €304,510 | +€82,463 | +37.1% |
| Fixed assets | 21/28 | €71,353 | €62,157 | -€9,197 | -12.9% |
| Tangible fixed assets | 22/27 | €71,228 | €62,113 | -€9,115 | -12.8% |
| Land and buildings | 22 | €46,000 | €46,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,228 | €16,113 | -€9,115 | -36.1% |
| Financial fixed assets | 28 | €125 | €44 | -€81 | -65.0% |
| Current assets | 29/58 | €150,694 | €242,354 | +€91,660 | +60.8% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Stocks | 30/36 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €134,119 | €52,885 | -€81,235 | -60.6% |
| Trade receivables | 40 | €131,527 | €52,885 | -€78,642 | -59.8% |
| Other amounts receivable | 41 | €2,592 | - | -€2,592 | |
| Cash at bank and in hand | 54/58 | €1,574 | €189,469 | +€187,895 | +11,935% |
| Total equity and liabilities | 10/49 | €222,047 | €304,510 | +€82,463 | +37.1% |
| Equity | 10/15 | €50,991 | €120,889 | +€69,898 | +137% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,100 | €11,100 | = | 0.0% |
| Reserves | 13 | €32,859 | €102,757 | +€69,898 | +213% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,999 | €100,897 | +€69,898 | +225% |
| Profit (loss) carried forward | 14 | €10,632 | €10,632 | = | 0.0% |
| Amounts payable | 17/49 | €171,056 | €183,621 | +€12,565 | +7.3% |
| Amounts payable within one year | 42/48 | €171,056 | €183,621 | +€12,565 | +7.3% |
| Trade debts | 44 | €5,425 | €7,878 | +€2,453 | +45.2% |
| Suppliers | 440/4 | €5,425 | €7,878 | +€2,453 | +45.2% |
| Taxes, remuneration and social security | 45 | €7,576 | €17,688 | +€10,113 | +133% |
| Taxes | 450/3 | €7,576 | €17,688 | +€10,113 | +133% |
| Other amounts payable | 47/48 | €158,055 | €158,055 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,127 | €1,633 | +€505 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,082 | €13,535 | +€1,453 | +12.0% |
| Other operating charges | 640/8 | €664 | €407 | -€257 | -38.7% |
| Gross operating margin | 9900 | €22,417 | €118,121 | +€95,705 | +427% |
| Operating profit (loss) | 9901 | €8,544 | €102,546 | +€94,003 | +1,100% |
| Financial charges | 65/66B | €30 | €29 | -€1 | -1.8% |
| Recurring financial charges | 65 | €30 | €29 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €8,514 | €102,517 | +€94,003 | +1,104% |
| Income taxes | 67/77 | €2,709 | €32,619 | +€29,910 | +1,104% |
| Profit (loss) for the period | 9904 | €5,805 | €69,898 | +€64,093 | +1,104% |
| Profit (loss) for the period to be appropriated | 9905 | €5,805 | €69,898 | +€64,093 | +1,104% |
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 14 October 2026 via checked.be.