TLJ: 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.
TLJ
Largest movements
- Financial fixed assets +€1,700
new in 2025: €1,700
- Cash +€1,097
up €1,097 (+137.9%), from €795 to €1,892
mainly Trade debts (+€1,844) and Net result for the year (+€697)
- Intangible fixed assets -€500
down €500 (-21.0%), from €2,384 to €1,884
- Receivables within one year -€245
down €245 (-5.1%), from €4,850 to €4,605
of which Trade receivables: -€718
- Trade debts +€1,844
up €1,844 (+260.4%), from €708 to €2,552
- Profit (loss) carried forward +€697
up €697 (+24.1%), from €2,891 to €3,588
- Tax, wage and social debts -€490
down €490 (-34.2%), from €1,430 to €940
- Financial charges +€4,685
up €4,685 (+1158.6%), from €404 to €5,089
- Gross operating margin +€2,120
up €2,120 (+47.5%), from €4,460 to €6,580
- Taxes -€512
down €512 (-70.5%), from €726 to €214
- Depreciation +€384
up €384 (+330.6%), from €116 to €500
- Other operating charges -€242
down €242 (-75.1%), from €322 to €80
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 | €8,029 | €10,081 | +€2,052 | +25.6% |
| Fixed assets | 21/28 | €2,384 | €3,584 | +€1,200 | +50.3% |
| Intangible fixed assets | 21 | €2,384 | €1,884 | -€500 | -21.0% |
| Financial fixed assets | 28 | - | €1,700 | +€1,700 | |
| Current assets | 29/58 | €5,645 | €6,497 | +€852 | +15.1% |
| Amounts receivable within one year | 40/41 | €4,850 | €4,605 | -€245 | -5.1% |
| Trade receivables | 40 | €4,850 | €4,132 | -€718 | -14.8% |
| Other amounts receivable | 41 | - | €472 | +€472 | |
| Cash at bank and in hand | 54/58 | €795 | €1,892 | +€1,097 | +137.9% |
| Total equity and liabilities | 10/49 | €8,029 | €10,081 | +€2,052 | +25.6% |
| Equity | 10/15 | €5,891 | €6,588 | +€697 | +11.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,891 | €3,588 | +€697 | +24.1% |
| Amounts payable | 17/49 | €2,138 | €3,493 | +€1,354 | +63.3% |
| Amounts payable within one year | 42/48 | €2,138 | €3,493 | +€1,354 | +63.3% |
| Trade debts | 44 | €708 | €2,552 | +€1,844 | +260.4% |
| Suppliers | 440/4 | €708 | €2,552 | +€1,844 | +260.4% |
| Taxes, remuneration and social security | 45 | €1,430 | €940 | -€490 | -34.2% |
| Taxes | 450/3 | €1,430 | €940 | -€490 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €500 | +€384 | +330.6% |
| Other operating charges | 640/8 | €322 | €80 | -€242 | -75.1% |
| Gross operating margin | 9900 | €4,460 | €6,580 | +€2,120 | +47.5% |
| Operating profit (loss) | 9901 | €4,022 | €6,000 | +€1,978 | +49.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €404 | €5,089 | +€4,685 | +1158.6% |
| Recurring financial charges | 65 | €404 | €5,089 | +€4,685 | +1158.6% |
| Profit (loss) for the period before taxes | 9903 | €3,617 | €911 | -€2,706 | -74.8% |
| Income taxes | 67/77 | €726 | €214 | -€512 | -70.5% |
| Profit (loss) for the period | 9904 | €2,891 | €697 | -€2,193 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,891 | €697 | -€2,193 | -75.9% |
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 12 October 2026 via checked.be.