TLD Trucks & Vans: 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.
TLD Trucks & Vans
Largest movements
- Stocks and contracts -€53,607
down €53,607 (-4.8%), from €1.1m to €1.1m
- Receivables within one year -€42,888
down €42,888 (-42.7%), from €100,522 to €57,634
of which Other amounts receivable: -€27,417
- Cash +€29,290
up €29,290 (+340%), from €8,607 to €37,897
mainly Advances received (+€63,748) and Net result for the year (+€60,211)
- Tangible fixed assets -€14,110
down €14,110 (-26.0%), from €54,252 to €40,142
of which Furniture and vehicles: -€12,188
- Trade debts -€217,779
down €217,779 (-33.5%), from €649,601 to €431,822
- Advances received +€63,748
up €63,748 (+233%), from €27,350 to €91,098
- Reserves +€60,211
up €60,211 (+17.8%), from €338,146 to €398,356
of which Distributable reserves: +€60,211
- Gross operating margin +€73,249
up €73,249 (+71.9%), from €101,920 to €175,168
- Taxes +€26,655
up €26,655 (+597%), from €4,463 to €31,118
- Staff costs -€14,683
down €14,683 (-23.2%), from €63,160 to €48,477
- Financial charges +€4,083
up €4,083 (+75.4%), from €5,416 to €9,499
- Other operating charges +€3,915
up €3,915 (+58.6%), from €6,681 to €10,596
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 | €1,273,432 | €1,193,122 | -€80,311 | -6.3% |
| Fixed assets | 21/28 | €54,657 | €40,547 | -€14,110 | -25.8% |
| Tangible fixed assets | 22/27 | €54,252 | €40,142 | -€14,110 | -26.0% |
| Plant, machinery and equipment | 23 | €6,929 | €5,007 | -€1,922 | -27.7% |
| Furniture and vehicles | 24 | €47,324 | €35,136 | -€12,188 | -25.8% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €1,218,775 | €1,152,574 | -€66,201 | -5.4% |
| Stocks and contracts in progress | 3 | €1,106,153 | €1,052,546 | -€53,607 | -4.8% |
| Stocks | 30/36 | €1,106,153 | €1,052,546 | -€53,607 | -4.8% |
| Amounts receivable within one year | 40/41 | €100,522 | €57,634 | -€42,888 | -42.7% |
| Trade receivables | 40 | €39,589 | €24,118 | -€15,471 | -39.1% |
| Other amounts receivable | 41 | €60,934 | €33,516 | -€27,417 | -45.0% |
| Cash at bank and in hand | 54/58 | €8,607 | €37,897 | +€29,290 | +340% |
| Deferred charges and accrued income | 490/1 | €3,492 | €4,497 | +€1,005 | +28.8% |
| Total equity and liabilities | 10/49 | €1,273,432 | €1,193,122 | -€80,311 | -6.3% |
| Equity | 10/15 | €358,146 | €418,356 | +€60,211 | +16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €338,146 | €398,356 | +€60,211 | +17.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €336,146 | €396,356 | +€60,211 | +17.9% |
| Amounts payable | 17/49 | €915,287 | €774,766 | -€140,521 | -15.4% |
| Amounts payable after more than one year | 17 | €28,783 | €40,181 | +€11,398 | +39.6% |
| Financial debts | 170/4 | €28,783 | €40,181 | +€11,398 | +39.6% |
| Amounts payable within one year | 42/48 | €886,504 | €734,585 | -€151,919 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €7,969 | €8,602 | +€634 | +7.9% |
| Financial debts | 43 | €8,587 | €11,504 | +€2,917 | +34.0% |
| Credit institutions | 430/8 | €8,587 | €11,504 | +€2,917 | +34.0% |
| Trade debts | 44 | €649,601 | €431,822 | -€217,779 | -33.5% |
| Suppliers | 440/4 | €649,601 | €431,822 | -€217,779 | -33.5% |
| Advances received on contracts in progress | 46 | €27,350 | €91,098 | +€63,748 | +233% |
| Taxes, remuneration and social security | 45 | €13,159 | €23,584 | +€10,426 | +79.2% |
| Taxes | 450/3 | - | €11,118 | +€11,118 | |
| Remuneration and social security | 454/9 | €13,159 | €12,466 | -€693 | -5.3% |
| Other amounts payable | 47/48 | €179,838 | €167,974 | -€11,863 | -6.6% |
| Remuneration, social security and pensions | 62 | €63,160 | €48,477 | -€14,683 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,785 | €15,896 | +€1,111 | +7.5% |
| Other operating charges | 640/8 | €6,681 | €10,596 | +€3,915 | +58.6% |
| Gross operating margin | 9900 | €101,920 | €175,168 | +€73,249 | +71.9% |
| Operating profit (loss) | 9901 | €17,294 | €100,200 | +€82,905 | +479% |
| Financial income | 75/76B | €269 | €628 | +€359 | +133% |
| Recurring financial income | 75 | €269 | €628 | +€359 | +133% |
| Financial charges | 65/66B | €5,416 | €9,499 | +€4,083 | +75.4% |
| Recurring financial charges | 65 | €5,416 | €9,499 | +€4,083 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €12,147 | €91,329 | +€79,182 | +652% |
| Income taxes | 67/77 | €4,463 | €31,118 | +€26,655 | +597% |
| Profit (loss) for the period | 9904 | €7,684 | €60,211 | +€52,526 | +684% |
| Profit (loss) for the period to be appropriated | 9905 | €7,684 | €60,211 | +€52,526 | +684% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.