TLA INVEST: 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.
TLA INVEST
Largest movements
- Cash +€216,556
up €216,556 (+59.3%), from €365,192 to €581,748
mainly Net result for the year (+€251,882) and Depreciation (+€11,124)
- Receivables within one year +€30,934
up €30,934 (+50.2%), from €61,630 to €92,564
of which Other amounts receivable: +€17,960
- Tangible fixed assets -€8,810
down €8,810 (-21.8%), from €40,489 to €31,679
- Profit (loss) carried forward +€251,882
up €251,882 (+61.9%), from €406,963 to €658,845
- Debts after one year -€13,413
down €13,413 (-53.7%), from €24,974 to €11,561
- Gross operating margin -€50,364
down €50,364 (-12.8%), from €392,886 to €342,522
- Taxes -€14,534
down €14,534 (-15.4%), from €94,154 to €79,621
- Depreciation +€5,141
up €5,141 (+85.9%), from €5,983 to €11,124
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 | €467,551 | €706,217 | +€238,665 | +51.0% |
| Fixed assets | 21/28 | €40,489 | €31,679 | -€8,810 | -21.8% |
| Tangible fixed assets | 22/27 | €40,489 | €31,679 | -€8,810 | -21.8% |
| Furniture and vehicles | 24 | €40,489 | €31,679 | -€8,810 | -21.8% |
| Current assets | 29/58 | €427,063 | €674,538 | +€247,475 | +57.9% |
| Amounts receivable within one year | 40/41 | €61,630 | €92,564 | +€30,934 | +50.2% |
| Trade receivables | 40 | €13,490 | €26,465 | +€12,975 | +96.2% |
| Other amounts receivable | 41 | €48,140 | €66,099 | +€17,960 | +37.3% |
| Cash at bank and in hand | 54/58 | €365,192 | €581,748 | +€216,556 | +59.3% |
| Deferred charges and accrued income | 490/1 | €241 | €226 | -€15 | -6.1% |
| Total equity and liabilities | 10/49 | €467,551 | €706,217 | +€238,665 | +51.0% |
| Equity | 10/15 | €409,963 | €661,845 | +€251,882 | +61.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,963 | €658,845 | +€251,882 | +61.9% |
| Amounts payable | 17/49 | €57,589 | €44,372 | -€13,217 | -23.0% |
| Amounts payable after more than one year | 17 | €24,974 | €11,561 | -€13,413 | -53.7% |
| Financial debts | 170/4 | €24,974 | €11,561 | -€13,413 | -53.7% |
| Amounts payable within one year | 42/48 | €32,614 | €32,811 | +€196 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,928 | €13,413 | +€485 | +3.8% |
| Trade debts | 44 | €234 | €936 | +€702 | +300% |
| Suppliers | 440/4 | €234 | €936 | +€702 | +300% |
| Taxes, remuneration and social security | 45 | €19,453 | €18,462 | -€991 | -5.1% |
| Taxes | 450/3 | €19,453 | €18,462 | -€991 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,983 | €11,124 | +€5,141 | +85.9% |
| Other operating charges | 640/8 | €2,317 | €1,230 | -€1,087 | -46.9% |
| Gross operating margin | 9900 | €392,886 | €342,522 | -€50,364 | -12.8% |
| Operating profit (loss) | 9901 | €384,586 | €330,169 | -€54,418 | -14.1% |
| Financial income | 75/76B | €2,299 | €2,742 | +€444 | +19.3% |
| Recurring financial income | 75 | €2,299 | €2,742 | +€444 | +19.3% |
| Financial charges | 65/66B | €554 | €1,408 | +€854 | +154% |
| Recurring financial charges | 65 | €554 | €1,408 | +€854 | +154% |
| Profit (loss) for the period before taxes | 9903 | €386,331 | €331,503 | -€54,828 | -14.2% |
| Income taxes | 67/77 | €94,154 | €79,621 | -€14,534 | -15.4% |
| Profit (loss) for the period | 9904 | €292,177 | €251,882 | -€40,295 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €292,177 | €251,882 | -€40,295 | -13.8% |
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 30 October 2026 via checked.be.