TLaaS: 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.
TLaaS
Largest movements
- Cash +€122,441
up €122,441 (+46.0%), from €266,178 to €388,619
mainly Other debts (+€307,863) and Net result for the year (+€119,037)
- Tangible fixed assets -€4,683
down €4,683 (-29.7%), from €15,793 to €11,110
of which Other tangible fixed assets: -€2,557
- Other debts +€307,863
up €307,863 (+505.8%), from €60,861 to €368,724
- Profit (loss) carried forward -€175,507
no longer reported in 2025 (was €175,507)
- Tax, wage and social debts -€10,231
down €10,231 (-34.3%), from €29,844 to €19,613
- Gross operating margin +€33,676
up €33,676 (+22.9%), from €147,213 to €180,889
- Taxes +€13,685
up €13,685 (+47.8%), from €28,643 to €42,328
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 | €322,381 | €441,561 | +€119,180 | +37.0% |
| Fixed assets | 21/28 | €15,793 | €11,110 | -€4,683 | -29.7% |
| Tangible fixed assets | 22/27 | €15,793 | €11,110 | -€4,683 | -29.7% |
| Furniture and vehicles | 24 | €6,654 | €4,528 | -€2,126 | -32.0% |
| Other tangible fixed assets | 26 | €9,139 | €6,582 | -€2,557 | -28.0% |
| Current assets | 29/58 | €306,588 | €430,451 | +€123,863 | +40.4% |
| Amounts receivable within one year | 40/41 | €38,122 | €41,077 | +€2,955 | +7.8% |
| Trade receivables | 40 | €34,782 | €39,750 | +€4,968 | +14.3% |
| Other amounts receivable | 41 | €3,340 | €1,327 | -€2,013 | -60.3% |
| Cash at bank and in hand | 54/58 | €266,178 | €388,619 | +€122,441 | +46.0% |
| Deferred charges and accrued income | 490/1 | €2,288 | €755 | -€1,533 | -67.0% |
| Total equity and liabilities | 10/49 | €322,381 | €441,561 | +€119,180 | +37.0% |
| Equity | 10/15 | €178,507 | €3,000 | -€175,507 | -98.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,507 | - | -€175,507 | |
| Amounts payable | 17/49 | €143,874 | €438,561 | +€294,687 | +204.8% |
| Amounts payable within one year | 42/48 | €91,374 | €388,561 | +€297,187 | +325.2% |
| Trade debts | 44 | €669 | €224 | -€445 | -66.5% |
| Suppliers | 440/4 | €669 | - | -€669 | |
| Bills of exchange payable | 441 | - | €224 | +€224 | |
| Taxes, remuneration and social security | 45 | €29,844 | €19,613 | -€10,231 | -34.3% |
| Taxes | 450/3 | €29,844 | €19,613 | -€10,231 | -34.3% |
| Other amounts payable | 47/48 | €60,861 | €368,724 | +€307,863 | +505.8% |
| Accrued charges and deferred income | 492/3 | €52,500 | €50,000 | -€2,500 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,197 | €5,926 | +€1,729 | +41.2% |
| Other operating charges | 640/8 | €11,375 | €12,463 | +€1,088 | +9.6% |
| Gross operating margin | 9900 | €147,213 | €180,889 | +€33,676 | +22.9% |
| Operating profit (loss) | 9901 | €131,641 | €162,500 | +€30,859 | +23.4% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €261 | €1,167 | +€906 | +347.1% |
| Recurring financial charges | 65 | €261 | €1,167 | +€906 | +347.1% |
| Profit (loss) for the period before taxes | 9903 | €131,380 | €161,365 | +€29,985 | +22.8% |
| Income taxes | 67/77 | €28,643 | €42,328 | +€13,685 | +47.8% |
| Profit (loss) for the period | 9904 | €102,737 | €119,037 | +€16,300 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,737 | €119,037 | +€16,300 | +15.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.