TLC: 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.
TLC
Largest movements
- Receivables within one year +€15,963
up €15,963 (+14.2%), from €112,154 to €128,117
of which Other amounts receivable: +€14,542
- Reserves +€16,732
up €16,732 (+34.5%), from €48,436 to €65,168
of which Distributable reserves: +€16,732
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Turnover -€14,219
down €14,219 (-26.9%), from €52,800 to €38,582
- Gross operating margin -€13,948
down €13,948 (-52.5%), from €26,566 to €12,618
- Taxes -€2,171
down €2,171 (-20.0%), from €10,843 to €8,672
- Financial income +€1,795
up €1,795 (+15.6%), from €11,503 to €13,297
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 | €306,179 | €319,541 | +€13,361 | +4.4% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €306,129 | €319,491 | +€13,361 | +4.4% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,154 | €128,117 | +€15,963 | +14.2% |
| Trade receivables | 40 | €4,400 | €5,821 | +€1,421 | +32.3% |
| Other amounts receivable | 41 | €107,754 | €122,296 | +€14,542 | +13.5% |
| Cash at bank and in hand | 54/58 | €3,668 | €1,066 | -€2,602 | -70.9% |
| Deferred charges and accrued income | 490/1 | €308 | €308 | = | 0.0% |
| Total equity and liabilities | 10/49 | €306,179 | €319,541 | +€13,361 | +4.4% |
| Equity | 10/15 | €285,600 | €302,332 | +€16,732 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,436 | €65,168 | +€16,732 | +34.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €46,577 | €63,309 | +€16,732 | +35.9% |
| Profit (loss) carried forward | 14 | €230,964 | €230,964 | = | 0.0% |
| Amounts payable | 17/49 | €20,579 | €17,208 | -€3,371 | -16.4% |
| Amounts payable within one year | 42/48 | €20,289 | €16,909 | -€3,380 | -16.7% |
| Trade debts | 44 | €954 | €1,814 | +€860 | +90.1% |
| Suppliers | 440/4 | €954 | €1,814 | +€860 | +90.1% |
| Taxes, remuneration and social security | 45 | €14,335 | €15,096 | +€760 | +5.3% |
| Taxes | 450/3 | €14,335 | €15,096 | +€760 | +5.3% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Accrued charges and deferred income | 492/3 | €290 | €299 | +€9 | +3.1% |
| Turnover | 70 | €52,800 | €38,582 | -€14,219 | -26.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,773 | €26,350 | -€423 | -1.6% |
| Other operating charges | 640/8 | €290 | €396 | +€106 | +36.7% |
| Gross operating margin | 9900 | €26,566 | €12,618 | -€13,948 | -52.5% |
| Operating profit (loss) | 9901 | €26,276 | €12,222 | -€14,055 | -53.5% |
| Financial income | 75/76B | €11,503 | €13,297 | +€1,795 | +15.6% |
| Recurring financial income | 75 | €11,503 | €13,297 | +€1,795 | +15.6% |
| Financial charges | 65/66B | €116 | €115 | -€1 | -0.8% |
| Recurring financial charges | 65 | €116 | €115 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €37,663 | €25,404 | -€12,259 | -32.5% |
| Income taxes | 67/77 | €10,843 | €8,672 | -€2,171 | -20.0% |
| Profit (loss) for the period | 9904 | €26,820 | €16,732 | -€10,088 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,820 | €16,732 | -€10,088 | -37.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.