TLM ENGINEERING: what changed
TLM ENGINEERING
Largest movements
- Receivables within one year -€6,180
down €6,180 (-16.8%), from €36,810 to €30,630
of which Trade receivables: -€4,538
- Cash -€3,795
down €3,795 (-6.0%), from €62,727 to €58,932
mainly Contributions, distributions and other (-€30,660) and Provisions (-€12,085)
- Tangible fixed assets +€2,933
new in 2025: €2,933
- Deferred charges and accrued income -€1,397
down €1,397 (-19.1%), from €7,322 to €5,925
- Other debts +€19,816
up €19,816 (+80.8%), from €24,536 to €44,352
- Reserves -€17,991
down €17,991 (-44.4%), from €40,558 to €22,566
- Provisions -€12,085
down €12,085 (-50.2%), from €24,095 to €12,011
- Trade debts +€3,418
up €3,418 (+603%), from €567 to €3,985
- Tax, wage and social debts -€2,754
down €2,754 (-17.3%), from €15,894 to €13,140
of which Remuneration and social security: -€1,860
- Provisions -€24,022
down €24,022, from €11,937 to -€12,085
- Gross operating margin -€18,623
down €18,623 (-51.9%), from €35,912 to €17,289
- Financial charges -€8,260
down €8,260 (-40.2%), from €20,540 to €12,280
- Depreciation +€2,982
new in 2025: €2,982
- Taxes -€1,545
down €1,545 (-65.3%), from €2,368 to €822
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 | €106,859 | €98,420 | -€8,439 | -7.9% |
| Fixed assets | 21/28 | - | €2,933 | +€2,933 | |
| Tangible fixed assets | 22/27 | - | €2,933 | +€2,933 | |
| Furniture and vehicles | 24 | - | €2,933 | +€2,933 | |
| Current assets | 29/58 | €106,859 | €95,487 | -€11,372 | -10.6% |
| Amounts receivable within one year | 40/41 | €36,810 | €30,630 | -€6,180 | -16.8% |
| Trade receivables | 40 | €16,858 | €12,320 | -€4,538 | -26.9% |
| Other amounts receivable | 41 | €19,952 | €18,310 | -€1,642 | -8.2% |
| Cash at bank and in hand | 54/58 | €62,727 | €58,932 | -€3,795 | -6.0% |
| Deferred charges and accrued income | 490/1 | €7,322 | €5,925 | -€1,397 | -19.1% |
| Total equity and liabilities | 10/49 | €106,859 | €98,420 | -€8,439 | -7.9% |
| Equity | 10/15 | €41,558 | €23,566 | -€17,991 | -43.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,558 | €22,566 | -€17,991 | -44.4% |
| Distributable reserves | 133 | €40,558 | €22,566 | -€17,991 | -44.4% |
| Provisions and deferred taxes | 16 | €24,095 | €12,011 | -€12,085 | -50.2% |
| Provisions for liabilities and charges | 160/5 | €24,095 | €12,011 | -€12,085 | -50.2% |
| Other liabilities and charges | 164/5 | €24,095 | €12,011 | -€12,085 | -50.2% |
| Amounts payable | 17/49 | €41,206 | €62,843 | +€21,637 | +52.5% |
| Amounts payable within one year | 42/48 | €40,997 | €61,477 | +€20,480 | +50.0% |
| Trade debts | 44 | €567 | €3,985 | +€3,418 | +603% |
| Suppliers | 440/4 | €567 | €3,985 | +€3,418 | +603% |
| Taxes, remuneration and social security | 45 | €15,894 | €13,140 | -€2,754 | -17.3% |
| Taxes | 450/3 | €11,263 | €10,369 | -€894 | -7.9% |
| Remuneration and social security | 454/9 | €4,631 | €2,771 | -€1,860 | -40.2% |
| Other amounts payable | 47/48 | €24,536 | €44,352 | +€19,816 | +80.8% |
| Accrued charges and deferred income | 492/3 | €209 | €1,366 | +€1,158 | +554% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,982 | +€2,982 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,937 | -€12,085 | -€24,022 | |
| Other operating charges | 640/8 | €995 | €620 | -€375 | -37.7% |
| Gross operating margin | 9900 | €35,912 | €17,289 | -€18,623 | -51.9% |
| Operating profit (loss) | 9901 | €22,979 | €25,772 | +€2,793 | +12.2% |
| Financial income | 75/76B | €78 | €0 | -€78 | -99.9% |
| Recurring financial income | 75 | €78 | €0 | -€78 | -99.9% |
| Financial charges | 65/66B | €20,540 | €12,280 | -€8,260 | -40.2% |
| Recurring financial charges | 65 | €20,540 | €12,280 | -€8,260 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €2,517 | €13,492 | +€10,975 | +436% |
| Income taxes | 67/77 | €2,368 | €822 | -€1,545 | -65.3% |
| Profit (loss) for the period | 9904 | €149 | €12,669 | +€12,520 | +8,411% |
| Profit (loss) for the period to be appropriated | 9905 | €149 | €12,669 | +€12,520 | +8,411% |
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.