TLBC: 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.
TLBC
Largest movements
- Receivables within one year +€24,464
up €24,464 (+32.9%), from €74,337 to €98,801
of which Trade receivables: +€21,175
- Cash -€5,772
down €5,772 (-7.6%), from €75,667 to €69,895
mainly Contributions, distributions and other (-€42,105) and Receivables within one year (-€24,464)
- Reserves +€11,194
up €11,194 (+4.8%), from €232,646 to €243,840
- Tax, wage and social debts +€9,318
up €9,318 (+57.9%), from €16,083 to €25,400
- Current portion of long-term debt -€4,759
down €4,759 (-41.3%), from €11,515 to €6,757
- Gross operating margin +€6,698
up €6,698 (+7.5%), from €89,230 to €95,928
- Financial charges +€2,735
up €2,735 (+57.8%), from €4,733 to €7,468
- Taxes +€1,565
up €1,565 (+7.0%), from €22,354 to €23,920
- Other operating charges +€1,133
up €1,133 (+50.5%), from €2,243 to €3,376
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 | €274,051 | €291,704 | +€17,653 | +6.4% |
| Fixed assets | 21/28 | €122,178 | €119,604 | -€2,574 | -2.1% |
| Tangible fixed assets | 22/27 | €122,138 | €119,564 | -€2,574 | -2.1% |
| Land and buildings | 22 | €98,796 | €95,026 | -€3,770 | -3.8% |
| Plant, machinery and equipment | 23 | €14,758 | €13,125 | -€1,633 | -11.1% |
| Furniture and vehicles | 24 | €8,584 | €11,413 | +€2,829 | +33.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €151,873 | €172,100 | +€20,227 | +13.3% |
| Amounts receivable within one year | 40/41 | €74,337 | €98,801 | +€24,464 | +32.9% |
| Trade receivables | 40 | €41,503 | €62,678 | +€21,175 | +51.0% |
| Other amounts receivable | 41 | €32,834 | €36,123 | +€3,289 | +10.0% |
| Cash at bank and in hand | 54/58 | €75,667 | €69,895 | -€5,772 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,869 | €3,404 | +€1,535 | +82.1% |
| Total equity and liabilities | 10/49 | €274,051 | €291,704 | +€17,653 | +6.4% |
| Equity | 10/15 | €245,046 | €256,240 | +€11,194 | +4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,646 | €243,840 | +€11,194 | +4.8% |
| Distributable reserves | 133 | €232,646 | €243,840 | +€11,194 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €29,005 | €35,465 | +€6,459 | +22.3% |
| Amounts payable within one year | 42/48 | €29,005 | €35,465 | +€6,459 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €11,515 | €6,757 | -€4,759 | -41.3% |
| Trade debts | 44 | €1,407 | €3,308 | +€1,900 | +135.1% |
| Suppliers | 440/4 | €1,407 | €3,308 | +€1,900 | +135.1% |
| Taxes, remuneration and social security | 45 | €16,083 | €25,400 | +€9,318 | +57.9% |
| Taxes | 450/3 | €16,083 | €25,400 | +€9,318 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,734 | €9,688 | +€954 | +10.9% |
| Other operating charges | 640/8 | €2,243 | €3,376 | +€1,133 | +50.5% |
| Non-recurring operating charges | 66A | €1,196 | - | -€1,196 | |
| Gross operating margin | 9900 | €89,230 | €95,928 | +€6,698 | +7.5% |
| Operating profit (loss) | 9901 | €77,056 | €82,864 | +€5,808 | +7.5% |
| Financial income | 75/76B | €1,615 | €1,823 | +€208 | +12.9% |
| Recurring financial income | 75 | €1,615 | €1,823 | +€208 | +12.9% |
| Financial charges | 65/66B | €4,733 | €7,468 | +€2,735 | +57.8% |
| Recurring financial charges | 65 | €4,733 | €7,468 | +€2,735 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €73,938 | €77,219 | +€3,281 | +4.4% |
| Income taxes | 67/77 | €22,354 | €23,920 | +€1,565 | +7.0% |
| Profit (loss) for the period | 9904 | €51,584 | €53,299 | +€1,715 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,584 | €53,299 | +€1,715 | +3.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.