TLH SERVICES: 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.
TLH SERVICES
Largest movements
- Receivables within one year -€13,668
down €13,668 (-57.3%), from €23,844 to €10,176
- Tangible fixed assets +€2,404
up €2,404 (+17.5%), from €13,752 to €16,155
of which Furniture and vehicles: +€2,573
- Cash +€2,138
up €2,138 (+17.5%), from €12,238 to €14,376
mainly Receivables within one year (+€13,668) and Depreciation (+€8,630)
- Deferred charges and accrued income -€601
down €601 (-8.7%), from €6,869 to €6,268
- Profit (loss) carried forward -€7,383
new in 2025: -€7,383
- Tax, wage and social debts -€3,117
down €3,117 (-25.0%), from €12,489 to €9,372
of which Taxes: -€7,727
- Trade debts +€2,792
up €2,792 (+2715.9%), from €103 to €2,895
- Reserves -€1,591
down €1,591 (-13.7%), from €11,591 to €10,000
- Gross operating margin -€10,222
down €10,222 (-48.4%), from €21,117 to €10,895
- Write-downs +€8,824
new in 2025: €8,824
- Depreciation -€1,589
down €1,589 (-15.6%), from €10,220 to €8,630
- Taxes -€783
no longer reported in 2025 (was €783)
- Financial charges -€432
down €432 (-20.0%), from €2,161 to €1,729
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 | €56,703 | €46,975 | -€9,727 | -17.2% |
| Fixed assets | 21/28 | €13,752 | €16,155 | +€2,404 | +17.5% |
| Tangible fixed assets | 22/27 | €13,752 | €16,155 | +€2,404 | +17.5% |
| Plant, machinery and equipment | 23 | €2,859 | €3,109 | +€250 | +8.7% |
| Furniture and vehicles | 24 | €9,112 | €11,685 | +€2,573 | +28.2% |
| Other tangible fixed assets | 26 | €1,780 | €1,362 | -€419 | -23.5% |
| Current assets | 29/58 | €42,951 | €30,820 | -€12,131 | -28.2% |
| Amounts receivable within one year | 40/41 | €23,844 | €10,176 | -€13,668 | -57.3% |
| Trade receivables | 40 | €23,844 | €10,176 | -€13,668 | -57.3% |
| Cash at bank and in hand | 54/58 | €12,238 | €14,376 | +€2,138 | +17.5% |
| Deferred charges and accrued income | 490/1 | €6,869 | €6,268 | -€601 | -8.7% |
| Total equity and liabilities | 10/49 | €56,703 | €46,975 | -€9,727 | -17.2% |
| Equity | 10/15 | €30,191 | €21,217 | -€8,975 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,591 | €10,000 | -€1,591 | -13.7% |
| Distributable reserves | 133 | €11,591 | €10,000 | -€1,591 | -13.7% |
| Profit (loss) carried forward | 14 | - | -€7,383 | -€7,383 | |
| Amounts payable | 17/49 | €26,511 | €25,758 | -€753 | -2.8% |
| Amounts payable within one year | 42/48 | €26,511 | €25,758 | -€753 | -2.8% |
| Trade debts | 44 | €103 | €2,895 | +€2,792 | +2715.9% |
| Suppliers | 440/4 | €103 | €2,895 | +€2,792 | +2715.9% |
| Taxes, remuneration and social security | 45 | €12,489 | €9,372 | -€3,117 | -25.0% |
| Taxes | 450/3 | €11,799 | €4,072 | -€7,727 | -65.5% |
| Remuneration and social security | 454/9 | €690 | €5,300 | +€4,610 | +668.2% |
| Other amounts payable | 47/48 | €13,920 | €13,492 | -€428 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €8,630 | -€1,589 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,824 | +€8,824 | |
| Other operating charges | 640/8 | €631 | €688 | +€57 | +9.1% |
| Gross operating margin | 9900 | €21,117 | €10,895 | -€10,222 | -48.4% |
| Operating profit (loss) | 9901 | €10,266 | -€7,248 | -€17,514 | |
| Financial income | 75/76B | €144 | €2 | -€142 | -98.6% |
| Recurring financial income | 75 | €144 | €2 | -€142 | -98.6% |
| Financial charges | 65/66B | €2,161 | €1,729 | -€432 | -20.0% |
| Recurring financial charges | 65 | €2,161 | €1,729 | -€432 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €8,249 | -€8,975 | -€17,224 | |
| Income taxes | 67/77 | €783 | - | -€783 | |
| Profit (loss) for the period | 9904 | €7,466 | -€8,975 | -€16,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,466 | -€8,975 | -€16,441 |
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.