TLE: 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.
TLE
Largest movements
- Tangible fixed assets -€24,687
down €24,687 (-4.2%), from €581,713 to €557,026
of which Land and buildings: -€25,656
- Cash -€15,039
down €15,039 (-17.3%), from €86,831 to €71,793
mainly Debts after one year (-€38,746) and Contributions, distributions and other (-€20,504)
- Reserves +€45,919
up €45,919 (+18.5%), from €248,857 to €294,776
of which Distributable reserves: +€45,919
- Debts after one year -€38,746
down €38,746 (-8.9%), from €433,406 to €394,661
- Trade debts -€16,064
down €16,064 (-60.6%), from €26,499 to €10,435
- Other debts -€14,537
down €14,537 (-39.0%), from €37,314 to €22,777
- Tax, wage and social debts -€8,288
down €8,288 (-41.6%), from €19,935 to €11,647
of which Taxes: -€9,685
- Staff costs +€8,887
up €8,887 (+22.0%), from €40,399 to €49,286
- Gross operating margin -€8,231
down €8,231 (-4.3%), from €193,441 to €185,210
- Financial income +€5,857
up €5,857 (+374.4%), from €1,564 to €7,421
- Taxes -€2,923
down €2,923 (-9.2%), from €31,815 to €28,891
- Other operating charges -€2,842
down €2,842 (-53.7%), from €5,292 to €2,451
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 | €816,955 | €785,689 | -€31,266 | -3.8% |
| Fixed assets | 21/28 | €581,713 | €557,026 | -€24,687 | -4.2% |
| Tangible fixed assets | 22/27 | €581,713 | €557,026 | -€24,687 | -4.2% |
| Land and buildings | 22 | €539,046 | €513,391 | -€25,656 | -4.8% |
| Plant, machinery and equipment | 23 | €37,939 | €37,901 | -€39 | -0.1% |
| Furniture and vehicles | 24 | €2,116 | €3,653 | +€1,537 | +72.7% |
| Leasing and similar rights | 25 | €2,611 | €2,081 | -€530 | -20.3% |
| Current assets | 29/58 | €235,243 | €228,664 | -€6,579 | -2.8% |
| Amounts receivable within one year | 40/41 | €107,886 | €107,335 | -€552 | -0.5% |
| Trade receivables | 40 | €6 | - | -€6 | |
| Other amounts receivable | 41 | €107,881 | €107,335 | -€546 | -0.5% |
| Current investments | 50/53 | €36,800 | €43,118 | +€6,318 | +17.2% |
| Cash at bank and in hand | 54/58 | €86,831 | €71,793 | -€15,039 | -17.3% |
| Deferred charges and accrued income | 490/1 | €3,725 | €6,419 | +€2,693 | +72.3% |
| Total equity and liabilities | 10/49 | €816,955 | €785,689 | -€31,266 | -3.8% |
| Equity | 10/15 | €261,257 | €307,176 | +€45,919 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €248,857 | €294,776 | +€45,919 | +18.5% |
| 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 | €246,997 | €292,916 | +€45,919 | +18.6% |
| Amounts payable | 17/49 | €555,699 | €478,513 | -€77,186 | -13.9% |
| Amounts payable after more than one year | 17 | €433,406 | €394,661 | -€38,746 | -8.9% |
| Financial debts | 170/4 | €433,406 | €394,661 | -€38,746 | -8.9% |
| Amounts payable within one year | 42/48 | €122,293 | €83,787 | -€38,506 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €38,545 | €38,928 | +€383 | +1.0% |
| Trade debts | 44 | €26,499 | €10,435 | -€16,064 | -60.6% |
| Suppliers | 440/4 | €26,499 | €10,435 | -€16,064 | -60.6% |
| Taxes, remuneration and social security | 45 | €19,935 | €11,647 | -€8,288 | -41.6% |
| Taxes | 450/3 | €13,517 | €3,832 | -€9,685 | -71.7% |
| Remuneration and social security | 454/9 | €6,418 | €7,815 | +€1,397 | +21.8% |
| Other amounts payable | 47/48 | €37,314 | €22,777 | -€14,537 | -39.0% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Remuneration, social security and pensions | 62 | €40,399 | €49,286 | +€8,887 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,667 | €36,098 | -€1,569 | -4.2% |
| Other operating charges | 640/8 | €5,292 | €2,451 | -€2,842 | -53.7% |
| Gross operating margin | 9900 | €193,441 | €185,210 | -€8,231 | -4.3% |
| Operating profit (loss) | 9901 | €110,083 | €97,375 | -€12,708 | -11.5% |
| Financial income | 75/76B | €1,564 | €7,421 | +€5,857 | +374.4% |
| Recurring financial income | 75 | €1,564 | €7,421 | +€5,857 | +374.4% |
| Financial charges | 65/66B | €9,500 | €9,482 | -€18 | -0.2% |
| Recurring financial charges | 65 | €9,500 | €9,482 | -€18 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €102,147 | €95,314 | -€6,833 | -6.7% |
| Income taxes | 67/77 | €31,815 | €28,891 | -€2,923 | -9.2% |
| Profit (loss) for the period | 9904 | €70,332 | €66,423 | -€3,909 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,332 | €66,423 | -€3,909 | -5.6% |
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 8 October 2026 via checked.be.