TLG²: 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.
TLG²
Largest movements
- Current investments +€18,500
up €18,500, from €0 to €18,500
- Cash -€15,074
down €15,074 (-61.4%), from €24,565 to €9,492
mainly Current investments (-€18,500) and Investment in fixed assets (net) (-€5,928)
- Intangible fixed assets -€9,522
down €9,522 (-17.3%), from €55,113 to €45,592
- Receivables within one year +€1,473
up €1,473 (+11.9%), from €12,343 to €13,816
of which Other amounts receivable: +€2,500
- Debts after one year -€5,438
down €5,438 (-35.1%), from €15,507 to €10,069
- Profit (loss) carried forward -€3,511
down €3,511 (-49.9%), from €7,035 to €3,524
- Tax, wage and social debts +€3,071
up €3,071 (+104.8%), from €2,929 to €6,000
of which Taxes: +€3,071
- Gross operating margin -€6,996
down €6,996 (-30.6%), from €22,859 to €15,863
- Turnover -€6,012
down €6,012 (-4.0%), from €148,964 to €142,952
- Purchases and services +€4,399
up €4,399 (+3.0%), from €147,006 to €151,405
- Depreciation +€2,276
up €2,276 (+16.9%), from €13,498 to €15,774
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 | €119,960 | €115,013 | -€4,947 | -4.1% |
| Fixed assets | 21/28 | €83,052 | €73,205 | -€9,846 | -11.9% |
| Intangible fixed assets | 21 | €55,113 | €45,592 | -€9,522 | -17.3% |
| Tangible fixed assets | 22/27 | €27,938 | €27,614 | -€325 | -1.2% |
| Plant, machinery and equipment | 23 | €24,999 | €26,489 | +€1,490 | +6.0% |
| Furniture and vehicles | 24 | €2,939 | €1,124 | -€1,815 | -61.8% |
| Current assets | 29/58 | €36,908 | €41,808 | +€4,900 | +13.3% |
| Amounts receivable within one year | 40/41 | €12,343 | €13,816 | +€1,473 | +11.9% |
| Trade receivables | 40 | €12,343 | €11,316 | -€1,027 | -8.3% |
| Other amounts receivable | 41 | €0 | €2,500 | +€2,500 | |
| Current investments | 50/53 | €0 | €18,500 | +€18,500 | |
| Cash at bank and in hand | 54/58 | €24,565 | €9,492 | -€15,074 | -61.4% |
| Total equity and liabilities | 10/49 | €119,960 | €115,013 | -€4,947 | -4.1% |
| Equity | 10/15 | €12,035 | €8,524 | -€3,511 | -29.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,035 | €3,524 | -€3,511 | -49.9% |
| Amounts payable | 17/49 | €107,925 | €106,489 | -€1,436 | -1.3% |
| Amounts payable after more than one year | 17 | €15,507 | €10,069 | -€5,438 | -35.1% |
| Financial debts | 170/4 | €15,507 | €10,069 | -€5,438 | -35.1% |
| Amounts payable within one year | 42/48 | €92,417 | €96,420 | +€4,003 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €5,220 | €5,438 | +€218 | +4.2% |
| Trade debts | 44 | €2,389 | €3,103 | +€714 | +29.9% |
| Suppliers | 440/4 | €2,389 | €3,103 | +€714 | +29.9% |
| Taxes, remuneration and social security | 45 | €2,929 | €6,000 | +€3,071 | +104.8% |
| Taxes | 450/3 | €2,929 | €6,000 | +€3,071 | +104.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €81,879 | €81,879 | = | 0.0% |
| Turnover | 70 | €148,964 | €142,952 | -€6,012 | -4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,006 | €151,405 | +€4,399 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,498 | €15,774 | +€2,276 | +16.9% |
| Other operating charges | 640/8 | - | €322 | +€322 | |
| Gross operating margin | 9900 | €22,859 | €15,863 | -€6,996 | -30.6% |
| Operating profit (loss) | 9901 | €9,361 | -€233 | -€9,594 | |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €2,150 | €2,624 | +€474 | +22.1% |
| Recurring financial charges | 65 | €2,150 | €2,624 | +€474 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €7,211 | -€2,836 | -€10,047 | |
| Income taxes | 67/77 | €536 | €675 | +€139 | +26.0% |
| Profit (loss) for the period | 9904 | €6,675 | -€3,511 | -€10,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,675 | -€3,511 | -€10,186 |
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 10 October 2026 via checked.be.