TLG-BELGIUM: what changed
TLG-BELGIUM
Largest movements
- Receivables within one year +€33,987
up €33,987 (+281%), from €12,112 to €46,099
of which Trade receivables: +€46,099
- Cash +€2,144
up €2,144 (+4,448%), from €48 to €2,192
mainly Other debts (+€39,802)
- Other debts +€39,802
up €39,802 (+669%), from €5,948 to €45,750
- Profit (loss) carried forward -€3,671
down €3,671 (-29.6%), from -€12,388 to -€16,059
- Other operating charges -€4,804
down €4,804 (-92.3%), from €5,204 to €400
- Gross operating margin -€841
down €841 (-37.0%), from -€2,275 to -€3,116
- Financial charges +€89
up €89 (+134%), from €66 to €155
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,160 | €48,291 | +€36,130 | +297% |
| Current assets | 29/58 | €12,160 | €48,291 | +€36,130 | +297% |
| Amounts receivable within one year | 40/41 | €12,112 | €46,099 | +€33,987 | +281% |
| Trade receivables | 40 | - | €46,099 | +€46,099 | |
| Other amounts receivable | 41 | €12,112 | - | -€12,112 | |
| Cash at bank and in hand | 54/58 | €48 | €2,192 | +€2,144 | +4,448% |
| Total equity and liabilities | 10/49 | €12,160 | €48,291 | +€36,130 | +297% |
| Equity | 10/15 | €6,212 | €2,541 | -€3,671 | -59.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,388 | -€16,059 | -€3,671 | -29.6% |
| Amounts payable | 17/49 | €5,948 | €45,750 | +€39,802 | +669% |
| Amounts payable within one year | 42/48 | €5,948 | €45,750 | +€39,802 | +669% |
| Other amounts payable | 47/48 | €5,948 | €45,750 | +€39,802 | +669% |
| Other operating charges | 640/8 | €5,204 | €400 | -€4,804 | -92.3% |
| Gross operating margin | 9900 | -€2,275 | -€3,116 | -€841 | -37.0% |
| Operating profit (loss) | 9901 | -€7,479 | -€3,516 | +€3,963 | +53.0% |
| Financial charges | 65/66B | €66 | €155 | +€89 | +134% |
| Recurring financial charges | 65 | €66 | €155 | +€89 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€7,545 | -€3,671 | +€3,874 | +51.3% |
| Profit (loss) for the period | 9904 | -€7,545 | -€3,671 | +€3,874 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,545 | -€3,671 | +€3,874 | +51.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.