TLCM: 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.
TLCM
Largest movements
- Receivables within one year +€14,462
up €14,462 (+556.7%), from €2,598 to €17,060
of which Trade receivables: +€14,434
- Cash +€7,761
up €7,761 (+9.8%), from €79,132 to €86,894
mainly Net result for the year (+€25,968) and Other debts (+€12,173)
- Deferred charges and accrued income -€1,304
down €1,304 (-100.0%), from €1,304 to €0
- Other debts +€12,173
up €12,173 (+101.4%), from €12,000 to €24,173
- Trade debts +€11,443
up €11,443 (+234.2%), from €4,887 to €16,329
- Tax, wage and social debts -€2,988
down €2,988 (-25.8%), from €11,566 to €8,578
of which Taxes: -€3,008
- Reserves +€1,312
up €1,312 (+3.5%), from €37,190 to €38,502
of which Distributable reserves: +€1,312
- Gross operating margin +€7,481
up €7,481 (+29.7%), from €25,167 to €32,648
- Taxes +€734
up €734 (+14.7%), from €4,997 to €5,730
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 | €83,033 | €104,973 | +€21,940 | +26.4% |
| Fixed assets | 21/28 | - | €1,020 | +€1,020 | |
| Tangible fixed assets | 22/27 | - | €1,020 | +€1,020 | |
| Furniture and vehicles | 24 | - | €1,020 | +€1,020 | |
| Current assets | 29/58 | €83,033 | €103,953 | +€20,920 | +25.2% |
| Amounts receivable within one year | 40/41 | €2,598 | €17,060 | +€14,462 | +556.7% |
| Trade receivables | 40 | €2,356 | €16,790 | +€14,434 | +612.6% |
| Other amounts receivable | 41 | €241 | €270 | +€28 | +11.7% |
| Cash at bank and in hand | 54/58 | €79,132 | €86,894 | +€7,761 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,304 | €0 | -€1,304 | -100.0% |
| Total equity and liabilities | 10/49 | €83,033 | €104,973 | +€21,940 | +26.4% |
| Equity | 10/15 | €54,581 | €55,893 | +€1,312 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,190 | €38,502 | +€1,312 | +3.5% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €34,190 | €35,502 | +€1,312 | +3.8% |
| Profit (loss) carried forward | 14 | €11,191 | €11,191 | = | 0.0% |
| Amounts payable | 17/49 | €28,453 | €49,080 | +€20,628 | +72.5% |
| Amounts payable within one year | 42/48 | €28,453 | €49,080 | +€20,628 | +72.5% |
| Trade debts | 44 | €4,887 | €16,329 | +€11,443 | +234.2% |
| Suppliers | 440/4 | €4,887 | €16,329 | +€11,443 | +234.2% |
| Taxes, remuneration and social security | 45 | €11,566 | €8,578 | -€2,988 | -25.8% |
| Taxes | 450/3 | €6,926 | €3,918 | -€3,008 | -43.4% |
| Remuneration and social security | 454/9 | €4,640 | €4,660 | +€20 | +0.4% |
| Other amounts payable | 47/48 | €12,000 | €24,173 | +€12,173 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €164 | +€164 | |
| Other operating charges | 640/8 | €435 | €595 | +€160 | +36.9% |
| Gross operating margin | 9900 | €25,167 | €32,648 | +€7,481 | +29.7% |
| Operating profit (loss) | 9901 | €24,733 | €31,889 | +€7,157 | +28.9% |
| Financial charges | 65/66B | €316 | €191 | -€125 | -39.5% |
| Recurring financial charges | 65 | €316 | €191 | -€125 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €24,417 | €31,698 | +€7,281 | +29.8% |
| Income taxes | 67/77 | €4,997 | €5,730 | +€734 | +14.7% |
| Profit (loss) for the period | 9904 | €19,420 | €25,968 | +€6,548 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,420 | €25,968 | +€6,548 | +33.7% |
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 5 October 2026 via checked.be.