TL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€53,566
down €53,566 (-61.8%), from €86,739 to €33,173
- Tangible fixed assets -€5,890
down €5,890 (-3.3%), from €179,327 to €173,437
of which Furniture and vehicles: -€3,042
- Financial fixed assets -€4,000
no longer reported in 2024 (was €4,000)
- Cash -€3,118
down €3,118 (-69.1%), from €4,515 to €1,397
mainly Net result for the year (-€29,451) and Tax, wage and social debts (-€18,898)
- Profit (loss) carried forward -€29,451
down €29,451 (-24.0%), from €122,958 to €93,507
- Tax, wage and social debts -€18,898
down €18,898 (-70.5%), from €26,814 to €7,916
of which Taxes: -€18,898
- Debts after one year -€16,121
down €16,121 (-16.3%), from €98,782 to €82,661
- Gross operating margin -€75,569
down €75,569, from €33,568 to -€42,000
- Financial income -€23,000
down €23,000 (-53.5%), from €43,000 to €20,000
- Taxes -€7,775
down €7,775 (-99.6%), from €7,803 to €28
- Depreciation -€1,162
down €1,162 (-16.5%), from €7,051 to €5,890
- Other operating charges -€435
no longer reported in 2024 (was €435)
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.
Cash bridge derived
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 | €274,581 | €208,007 | -€66,574 | -24.2% |
| Fixed assets | 21/28 | €183,327 | €173,437 | -€9,890 | -5.4% |
| Tangible fixed assets | 22/27 | €179,327 | €173,437 | -€5,890 | -3.3% |
| Land and buildings | 22 | €143,653 | €143,653 | = | 0.0% |
| Furniture and vehicles | 24 | €7,044 | €4,002 | -€3,042 | -43.2% |
| Other tangible fixed assets | 26 | €28,630 | €25,783 | -€2,848 | -9.9% |
| Financial fixed assets | 28 | €4,000 | - | -€4,000 | |
| Current assets | 29/58 | €91,254 | €34,570 | -€56,684 | -62.1% |
| Amounts receivable within one year | 40/41 | €86,739 | €33,173 | -€53,566 | -61.8% |
| Other amounts receivable | 41 | €86,739 | €33,173 | -€53,566 | -61.8% |
| Cash at bank and in hand | 54/58 | €4,515 | €1,397 | -€3,118 | -69.1% |
| Total equity and liabilities | 10/49 | €274,581 | €208,007 | -€66,574 | -24.2% |
| Equity | 10/15 | €129,158 | €99,707 | -€29,451 | -22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,958 | €93,507 | -€29,451 | -24.0% |
| Amounts payable | 17/49 | €145,423 | €108,300 | -€37,123 | -25.5% |
| Amounts payable after more than one year | 17 | €98,782 | €82,661 | -€16,121 | -16.3% |
| Financial debts | 170/4 | €98,782 | €82,661 | -€16,121 | -16.3% |
| Amounts payable within one year | 42/48 | €46,355 | €25,639 | -€20,717 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €15,926 | €16,121 | +€195 | +1.2% |
| Trade debts | 44 | €3,615 | €1,601 | -€2,014 | -55.7% |
| Suppliers | 440/4 | €3,615 | €1,601 | -€2,014 | -55.7% |
| Taxes, remuneration and social security | 45 | €26,814 | €7,916 | -€18,898 | -70.5% |
| Taxes | 450/3 | €26,753 | €7,856 | -€18,898 | -70.6% |
| Remuneration and social security | 454/9 | €61 | €61 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €285 | - | -€285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,051 | €5,890 | -€1,162 | -16.5% |
| Other operating charges | 640/8 | €435 | - | -€435 | |
| Gross operating margin | 9900 | €33,568 | -€42,000 | -€75,569 | |
| Operating profit (loss) | 9901 | €26,082 | -€47,890 | -€73,972 | |
| Financial income | 75/76B | €43,000 | €20,000 | -€23,000 | -53.5% |
| Recurring financial income | 75 | €43,000 | €20,000 | -€23,000 | -53.5% |
| Financial charges | 65/66B | €1,749 | €1,533 | -€216 | -12.4% |
| Recurring financial charges | 65 | €1,749 | €1,533 | -€216 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €67,332 | -€29,423 | -€96,755 | |
| Income taxes | 67/77 | €7,803 | €28 | -€7,775 | -99.6% |
| Profit (loss) for the period | 9904 | €59,529 | -€29,451 | -€88,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,529 | -€29,451 | -€88,980 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.