TLDK: 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.
TLDK
Largest movements
- Stocks and contracts -€26,265
down €26,265 (-32.9%), from €79,886 to €53,621
of which Contracts in progress: -€16,890
- Receivables within one year +€19,658
up €19,658 (+75.5%), from €26,028 to €45,686
of which Trade receivables: +€21,663
- Tangible fixed assets -€5,537
down €5,537 (-9.1%), from €60,710 to €55,174
of which Furniture and vehicles: -€5,314
- Cash +€5,501
up €5,501 (+30.2%), from €18,203 to €23,703
mainly Stocks and contracts (+€26,265) and Trade debts (+€19,686)
- Trade debts +€19,686
up €19,686 (+37.3%), from €52,779 to €72,466
- Current portion of long-term debt -€12,535
down €12,535 (-70.7%), from €17,734 to €5,199
- Debts after one year -€9,452
down €9,452 (-17.7%), from €53,452 to €44,000
- Profit (loss) carried forward -€3,075
down €3,075 (-24.1%), from -€12,770 to -€15,845
- Tax, wage and social debts -€2,073
down €2,073 (-54.8%), from €3,783 to €1,711
of which Remuneration and social security: -€2,311
- Staff costs +€17,051
up €17,051 (+28.6%), from €59,584 to €76,634
- Gross operating margin +€9,998
up €9,998 (+12.8%), from €78,274 to €88,272
- Depreciation -€2,946
down €2,946 (-22.6%), from €13,030 to €10,084
- Financial income +€1,370
up €1,370 (+11504.1%), from €12 to €1,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,133 | €178,185 | -€6,948 | -3.8% |
| Fixed assets | 21/28 | €60,710 | €55,174 | -€5,537 | -9.1% |
| Tangible fixed assets | 22/27 | €60,710 | €55,174 | -€5,537 | -9.1% |
| Land and buildings | 22 | €40,348 | €40,081 | -€267 | -0.7% |
| Plant, machinery and equipment | 23 | €1,155 | €1,200 | +€44 | +3.8% |
| Furniture and vehicles | 24 | €19,207 | €13,893 | -€5,314 | -27.7% |
| Current assets | 29/58 | €124,422 | €123,011 | -€1,412 | -1.1% |
| Stocks and contracts in progress | 3 | €79,886 | €53,621 | -€26,265 | -32.9% |
| Stocks | 30/36 | €21,875 | €12,500 | -€9,375 | -42.9% |
| Contracts in progress | 37 | €58,011 | €41,121 | -€16,890 | -29.1% |
| Amounts receivable within one year | 40/41 | €26,028 | €45,686 | +€19,658 | +75.5% |
| Trade receivables | 40 | €15,440 | €37,103 | +€21,663 | +140.3% |
| Other amounts receivable | 41 | €10,588 | €8,583 | -€2,006 | -18.9% |
| Cash at bank and in hand | 54/58 | €18,203 | €23,703 | +€5,501 | +30.2% |
| Deferred charges and accrued income | 490/1 | €305 | - | -€305 | |
| Total equity and liabilities | 10/49 | €185,133 | €178,185 | -€6,948 | -3.8% |
| Equity | 10/15 | €36,552 | €33,477 | -€3,075 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,722 | €30,722 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,862 | €28,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,770 | -€15,845 | -€3,075 | -24.1% |
| Amounts payable | 17/49 | €148,581 | €144,708 | -€3,873 | -2.6% |
| Amounts payable after more than one year | 17 | €53,452 | €44,000 | -€9,452 | -17.7% |
| Financial debts | 170/4 | €53,452 | €44,000 | -€9,452 | -17.7% |
| Amounts payable within one year | 42/48 | €94,668 | €99,786 | +€5,118 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €17,734 | €5,199 | -€12,535 | -70.7% |
| Financial debts | 43 | €1,018 | €1,000 | -€18 | -1.8% |
| Credit institutions | 430/8 | €1,018 | €1,000 | -€18 | -1.8% |
| Trade debts | 44 | €52,779 | €72,466 | +€19,686 | +37.3% |
| Suppliers | 440/4 | €52,779 | €72,466 | +€19,686 | +37.3% |
| Advances received on contracts in progress | 46 | €668 | €668 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,783 | €1,711 | -€2,073 | -54.8% |
| Taxes | 450/3 | - | €238 | +€238 | |
| Remuneration and social security | 454/9 | €3,783 | €1,472 | -€2,311 | -61.1% |
| Other amounts payable | 47/48 | €18,686 | €18,743 | +€57 | +0.3% |
| Accrued charges and deferred income | 492/3 | €462 | €922 | +€460 | +99.6% |
| Non-recurring operating income | 76A | - | €1,548 | +€1,548 | |
| Remuneration, social security and pensions | 62 | €59,584 | €76,634 | +€17,051 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,030 | €10,084 | -€2,946 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €1,848 | €1,437 | -€412 | -22.3% |
| Gross operating margin | 9900 | €78,274 | €88,272 | +€9,998 | +12.8% |
| Operating profit (loss) | 9901 | €3,812 | -€284 | -€4,095 | |
| Financial income | 75/76B | €12 | €1,382 | +€1,370 | +11504.1% |
| Recurring financial income | 75 | €12 | €1,382 | +€1,370 | +11504.1% |
| Financial charges | 65/66B | €4,171 | €3,673 | -€498 | -11.9% |
| Recurring financial charges | 65 | €4,171 | €3,673 | -€498 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€347 | -€2,575 | -€2,227 | -641.0% |
| Income taxes | 67/77 | -€80 | €500 | +€580 | |
| Profit (loss) for the period | 9904 | -€267 | -€3,075 | -€2,807 | -1049.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€267 | -€3,075 | -€2,807 | -1049.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.