TLG Science Park: 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.
TLG Science Park
Largest movements
- Tangible fixed assets +€3.8m
up €3.8m (+29.7%), from €12.9m to €16.7m
of which Other tangible fixed assets: +€3.7m
- Cash -€434,221
down €434,221 (-56.1%), from €774,543 to €340,322
mainly Investment in fixed assets (net) (-€3.8m) and Net result for the year (-€686,356)
- Debts after one year +€4.2m
up €4.2m (+29.2%), from €14.4m to €18.6m
- Profit (loss) carried forward -€686,356
down €686,356 (-23.9%), from -€2.9m to -€3.6m
- Turnover -€558,741
no longer reported in 2025 (was €558,741)
- Other operating charges +€447,207
up €447,207 (+31,471%), from €1,421 to €448,628
- Purchases and services -€354,903
no longer reported in 2025 (was €354,903)
- Gross operating margin +€178,820
up €178,820 (+87.7%), from €203,837 to €382,657
- Financial charges +€60,355
up €60,355 (+10.3%), from €587,523 to €647,878
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 | €14,266,405 | €17,724,548 | +€3.5m | +24.2% |
| Fixed assets | 21/28 | €13,082,459 | €16,911,836 | +€3.8m | +29.3% |
| Tangible fixed assets | 22/27 | €12,882,459 | €16,711,836 | +€3.8m | +29.7% |
| Land and buildings | 22 | €3,506,087 | €3,506,087 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,934,671 | €10,654,384 | +€3.7m | +53.6% |
| Assets under construction and advance payments | 27 | €2,441,701 | €2,551,365 | +€109,664 | +4.5% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €1,183,946 | €812,712 | -€371,234 | -31.4% |
| Amounts receivable after more than one year | 29 | €397,726 | €464,671 | +€66,945 | +16.8% |
| Other amounts receivable | 291 | €397,726 | €464,671 | +€66,945 | +16.8% |
| Amounts receivable within one year | 40/41 | €7,797 | €5,950 | -€1,847 | -23.7% |
| Trade receivables | 40 | €2,919 | - | -€2,919 | |
| Other amounts receivable | 41 | €4,878 | €5,950 | +€1,072 | +22.0% |
| Cash at bank and in hand | 54/58 | €774,543 | €340,322 | -€434,221 | -56.1% |
| Deferred charges and accrued income | 490/1 | €3,880 | €1,769 | -€2,111 | -54.4% |
| Total equity and liabilities | 10/49 | €14,266,405 | €17,724,548 | +€3.5m | +24.2% |
| Equity | 10/15 | -€576,528 | -€1,262,884 | -€686,356 | -119% |
| Contributions | 10/11 | €2,300,000 | €2,300,000 | = | 0.0% |
| Capital | 10 | €2,300,000 | €2,300,000 | = | 0.0% |
| Issued capital | 100 | €2,300,000 | €2,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,876,528 | -€3,562,884 | -€686,356 | -23.9% |
| Amounts payable | 17/49 | €14,842,933 | €18,987,432 | +€4.1m | +27.9% |
| Amounts payable after more than one year | 17 | €14,381,541 | €18,584,524 | +€4.2m | +29.2% |
| Financial debts | 170/4 | €14,381,541 | €18,584,524 | +€4.2m | +29.2% |
| Amounts payable within one year | 42/48 | €337,185 | €275,045 | -€62,140 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €209,374 | €217,070 | +€7,696 | +3.7% |
| Trade debts | 44 | €127,811 | €57,975 | -€69,836 | -54.6% |
| Suppliers | 440/4 | €127,811 | €57,975 | -€69,836 | -54.6% |
| Accrued charges and deferred income | 492/3 | €124,207 | €127,863 | +€3,656 | +2.9% |
| Turnover | 70 | €558,741 | - | -€558,741 | |
| Goods, raw materials, services and sundry goods | 60/61 | €354,903 | - | -€354,903 | |
| Other operating charges | 640/8 | €1,421 | €448,628 | +€447,207 | +31,471% |
| Gross operating margin | 9900 | €203,837 | €382,657 | +€178,820 | +87.7% |
| Operating profit (loss) | 9901 | €202,416 | -€65,971 | -€268,387 | |
| Financial income | 75/76B | €25,594 | €27,493 | +€1,899 | +7.4% |
| Recurring financial income | 75 | €25,594 | €27,493 | +€1,899 | +7.4% |
| Financial charges | 65/66B | €587,523 | €647,878 | +€60,355 | +10.3% |
| Recurring financial charges | 65 | €587,523 | €647,878 | +€60,355 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€359,513 | -€686,356 | -€326,843 | -90.9% |
| Profit (loss) for the period | 9904 | -€359,513 | -€686,356 | -€326,843 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€359,513 | -€686,356 | -€326,843 | -90.9% |
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 26 October 2026 via checked.be.