TLC LOGISTICS: 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.
TLC LOGISTICS
Largest movements
- Cash +€1.6m
up €1.6m (+783.9%), from €210,410 to €1.9m
mainly Trade debts (+€1.6m) and Net result for the year (+€54,201)
- Receivables within one year -€33,162
down €33,162 (-29.1%), from €114,007 to €80,845
of which Trade receivables: -€60,464
- Trade debts +€1.6m
up €1.6m (+23629.4%), from €6,934 to €1.6m
- Profit (loss) carried forward +€54,653
up €54,653 (+24.6%), from €221,775 to €276,428
- Current portion of long-term debt -€42,000
down €42,000 (-87.5%), from €48,000 to €6,000
- Tax, wage and social debts -€33,942
down €33,942 (-72.2%), from €46,999 to €13,057
of which Taxes: -€33,949
- Gross operating margin -€65,117
down €65,117 (-25.8%), from €251,956 to €186,839
- Taxes -€15,040
down €15,040 (-47.2%), from €31,859 to €16,819
- Other operating charges +€4,469
up €4,469 (+5352.3%), from €84 to €4,553
- Depreciation -€4,206
down €4,206 (-35.3%), from €11,922 to €7,716
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 | €343,049 | €1,954,189 | +€1.6m | +469.7% |
| Fixed assets | 21/28 | €18,632 | €11,369 | -€7,264 | -39.0% |
| Intangible fixed assets | 21 | €3,914 | €1,957 | -€1,957 | -50.0% |
| Tangible fixed assets | 22/27 | €7,518 | €2,212 | -€5,307 | -70.6% |
| Plant, machinery and equipment | 23 | €3,362 | €2,212 | -€1,150 | -34.2% |
| Furniture and vehicles | 24 | €4,156 | €0 | -€4,156 | -100.0% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €324,416 | €1,942,821 | +€1.6m | +498.9% |
| Amounts receivable within one year | 40/41 | €114,007 | €80,845 | -€33,162 | -29.1% |
| Trade receivables | 40 | €108,230 | €47,766 | -€60,464 | -55.9% |
| Other amounts receivable | 41 | €5,777 | €33,079 | +€27,302 | +472.6% |
| Cash at bank and in hand | 54/58 | €210,410 | €1,859,916 | +€1.6m | +783.9% |
| Deferred charges and accrued income | 490/1 | - | €2,060 | +€2,060 | |
| Total equity and liabilities | 10/49 | €343,049 | €1,954,189 | +€1.6m | +469.7% |
| Equity | 10/15 | €232,025 | €286,678 | +€54,653 | +23.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,775 | €276,428 | +€54,653 | +24.6% |
| Amounts payable | 17/49 | €111,024 | €1,667,512 | +€1.6m | +1401.9% |
| Amounts payable after more than one year | 17 | €6,000 | €0 | -€6,000 | -100.0% |
| Financial debts | 170/4 | €6,000 | €0 | -€6,000 | -100.0% |
| Amounts payable within one year | 42/48 | €104,336 | €1,666,824 | +€1.6m | +1497.6% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €6,000 | -€42,000 | -87.5% |
| Trade debts | 44 | €6,934 | €1,645,363 | +€1.6m | +23629.4% |
| Suppliers | 440/4 | €6,934 | €1,645,363 | +€1.6m | +23629.4% |
| Taxes, remuneration and social security | 45 | €46,999 | €13,057 | -€33,942 | -72.2% |
| Taxes | 450/3 | €33,950 | €1 | -€33,949 | -100.0% |
| Remuneration and social security | 454/9 | €13,048 | €13,056 | +€8 | +0.1% |
| Other amounts payable | 47/48 | €2,404 | €2,404 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €688 | €688 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €103,276 | €101,063 | -€2,213 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,922 | €7,716 | -€4,206 | -35.3% |
| Other operating charges | 640/8 | €84 | €4,553 | +€4,469 | +5352.3% |
| Non-recurring operating charges | 66A | €174 | €306 | +€132 | +75.9% |
| Gross operating margin | 9900 | €251,956 | €186,839 | -€65,117 | -25.8% |
| Operating profit (loss) | 9901 | €136,500 | €73,202 | -€63,299 | -46.4% |
| Financial income | 75/76B | €53 | €0 | -€52 | -99.1% |
| Recurring financial income | 75 | €53 | €0 | -€52 | -99.1% |
| Financial charges | 65/66B | €2,091 | €2,182 | +€91 | +4.4% |
| Recurring financial charges | 65 | €2,091 | €2,182 | +€91 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €134,462 | €71,020 | -€63,442 | -47.2% |
| Income taxes | 67/77 | €31,859 | €16,819 | -€15,040 | -47.2% |
| Profit (loss) for the period | 9904 | €102,603 | €54,201 | -€48,402 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,603 | €54,201 | -€48,402 | -47.2% |
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.