TL LOGISTICS: what changed
Two fiscal 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 LOGISTICS
Largest movements
- Cash -€36,058
down €36,058 (-86.2%), from €41,821 to €5,763
mainly Net result for the year (-€45,400) and Trade debts (-€8,748)
- Tangible fixed assets -€27,810
down €27,810 (-10.2%), from €272,233 to €244,423
of which Land and buildings: -€16,597
- Receivables within one year -€11,600
down €11,600 (-63.5%), from €18,254 to €6,655
of which Trade receivables: -€8,170
- Deferred charges and accrued income +€6,635
up €6,635 (+156.2%), from €4,249 to €10,885
- Profit (loss) carried forward -€45,400
down €45,400, from €2,515 to -€42,885
- Trade debts -€8,748
down €8,748 (-23.4%), from €37,386 to €28,637
- Other debts -€7,734
down €7,734 (-3.9%), from €198,848 to €191,114
- Tax, wage and social debts -€5,018
down €5,018 (-56.4%), from €8,897 to €3,879
- Gross operating margin -€28,882
down €28,882, from €21,701 to -€7,181
- Other operating charges +€7,754
up €7,754 (+976.8%), from €794 to €8,548
- Financial charges -€1,529
down €1,529 (-45.1%), from €3,391 to €1,862
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.
Cash bridge derived
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 | €336,558 | €267,725 | -€68,832 | -20.5% |
| Fixed assets | 21/28 | €272,233 | €244,423 | -€27,810 | -10.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €272,233 | €244,423 | -€27,810 | -10.2% |
| Land and buildings | 22 | €255,287 | €238,690 | -€16,597 | -6.5% |
| Plant, machinery and equipment | 23 | €6,221 | €4,908 | -€1,313 | -21.1% |
| Furniture and vehicles | 24 | €10,725 | €825 | -€9,900 | -92.3% |
| Current assets | 29/58 | €64,324 | €23,302 | -€41,022 | -63.8% |
| Amounts receivable within one year | 40/41 | €18,254 | €6,655 | -€11,600 | -63.5% |
| Trade receivables | 40 | €14,825 | €6,655 | -€8,170 | -55.1% |
| Other amounts receivable | 41 | €3,430 | €0 | -€3,430 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,821 | €5,763 | -€36,058 | -86.2% |
| Deferred charges and accrued income | 490/1 | €4,249 | €10,885 | +€6,635 | +156.2% |
| Total equity and liabilities | 10/49 | €336,558 | €267,725 | -€68,832 | -20.5% |
| Equity | 10/15 | €89,495 | €44,095 | -€45,400 | -50.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €68,430 | €68,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €68,430 | €66,575 | -€1,855 | -2.7% |
| Profit (loss) carried forward | 14 | €2,515 | -€42,885 | -€45,400 | |
| Amounts payable | 17/49 | €247,063 | €223,630 | -€23,433 | -9.5% |
| Amounts payable within one year | 42/48 | €247,063 | €223,630 | -€23,433 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €1,932 | - | -€1,932 | |
| Trade debts | 44 | €37,386 | €28,637 | -€8,748 | -23.4% |
| Suppliers | 440/4 | €37,386 | €28,637 | -€8,748 | -23.4% |
| Taxes, remuneration and social security | 45 | €8,897 | €3,879 | -€5,018 | -56.4% |
| Taxes | 450/3 | €8,897 | €3,879 | -€5,018 | -56.4% |
| Other amounts payable | 47/48 | €198,848 | €191,114 | -€7,734 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,810 | €27,810 | +€0 | 0.0% |
| Other operating charges | 640/8 | €794 | €8,548 | +€7,754 | +976.8% |
| Gross operating margin | 9900 | €21,701 | -€7,181 | -€28,882 | |
| Operating profit (loss) | 9901 | -€6,903 | -€43,539 | -€36,637 | -530.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,391 | €1,862 | -€1,529 | -45.1% |
| Recurring financial charges | 65 | €3,391 | €1,862 | -€1,529 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,294 | -€45,400 | -€35,105 | -341.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,294 | -€45,400 | -€35,105 | -341.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,294 | -€45,400 | -€35,105 | -341.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.