TL IP: 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 IP
Largest movements
- Intangible fixed assets -€71,000
down €71,000 (-37.8%), from €188,000 to €117,000
- Receivables within one year -€11,574
down €11,574 (-8.4%), from €138,604 to €127,030
- Other debts -€84,480
down €84,480 (-32.0%), from €264,178 to €179,698
- Gross operating margin -€4,910
down €4,910 (-5.7%), from €86,846 to €81,936
- Financial charges -€4,893
down €4,893 (-32.1%), from €15,256 to €10,363
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 | €330,554 | €248,433 | -€82,121 | -24.8% |
| Fixed assets | 21/28 | €188,000 | €117,000 | -€71,000 | -37.8% |
| Intangible fixed assets | 21 | €188,000 | €117,000 | -€71,000 | -37.8% |
| Current assets | 29/58 | €142,554 | €131,433 | -€11,121 | -7.8% |
| Amounts receivable within one year | 40/41 | €138,604 | €127,030 | -€11,574 | -8.4% |
| Trade receivables | 40 | €138,604 | €127,030 | -€11,574 | -8.4% |
| Cash at bank and in hand | 54/58 | €3,950 | €4,403 | +€453 | +11.5% |
| Total equity and liabilities | 10/49 | €330,554 | €248,433 | -€82,121 | -24.8% |
| Equity | 10/15 | €65,079 | €65,079 | = | 0.0% |
| Contributions | 10/11 | €6,341 | €6,341 | = | 0.0% |
| Reserves | 13 | €58,738 | €58,738 | = | 0.0% |
| Distributable reserves | 133 | €58,738 | €58,738 | = | 0.0% |
| Amounts payable | 17/49 | €265,476 | €183,355 | -€82,121 | -30.9% |
| Amounts payable within one year | 42/48 | €265,476 | €183,355 | -€82,121 | -30.9% |
| Trade debts | 44 | €1,298 | €3,657 | +€2,359 | +182% |
| Suppliers | 440/4 | €1,298 | €3,657 | +€2,359 | +182% |
| Other amounts payable | 47/48 | €264,178 | €179,698 | -€84,480 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,000 | €71,000 | = | 0.0% |
| Other operating charges | 640/8 | €590 | €573 | -€17 | -2.9% |
| Gross operating margin | 9900 | €86,846 | €81,936 | -€4,910 | -5.7% |
| Operating profit (loss) | 9901 | €15,256 | €10,363 | -€4,893 | -32.1% |
| Financial charges | 65/66B | €15,256 | €10,363 | -€4,893 | -32.1% |
| Recurring financial charges | 65 | €15,256 | €10,363 | -€4,893 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
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 15 October 2026 via checked.be.