TLM ESTATE: 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.
TLM ESTATE
Largest movements
- Cash +€7,480
up €7,480 (+62.1%), from €12,049 to €19,530
mainly Net result for the year (+€17,318) and Depreciation (+€16,574)
- Profit (loss) carried forward +€17,318
up €17,318, from -€14,761 to €2,557
- Debts after one year -€9,000
down €9,000 (-6.4%), from €140,250 to €131,250
- Trade debts -€5,292
no longer reported in 2025 (was €5,292)
- Gross operating margin +€22,797
up €22,797 (+125%), from €18,253 to €41,051
- Purchases and services -€13,216
down €13,216 (-50.9%), from €25,960 to €12,745
- Turnover +€9,582
up €9,582 (+21.7%), from €44,214 to €53,796
- Financial charges -€2,587
down €2,587 (-34.3%), from €7,536 to €4,949
- Taxes +€1,406
new in 2025: €1,406
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 | €245,692 | €251,625 | +€5,933 | +2.4% |
| Fixed assets | 21/28 | €230,103 | €227,779 | -€2,324 | -1.0% |
| Tangible fixed assets | 22/27 | €230,103 | €227,779 | -€2,324 | -1.0% |
| Land and buildings | 22 | €230,103 | €213,529 | -€16,574 | -7.2% |
| Assets under construction and advance payments | 27 | - | €14,250 | +€14,250 | |
| Current assets | 29/58 | €15,589 | €23,846 | +€8,257 | +53.0% |
| Amounts receivable within one year | 40/41 | €3,539 | €4,316 | +€777 | +21.9% |
| Trade receivables | 40 | €1,187 | €3,417 | +€2,230 | +188% |
| Other amounts receivable | 41 | €2,352 | €899 | -€1,453 | -61.8% |
| Cash at bank and in hand | 54/58 | €12,049 | €19,530 | +€7,480 | +62.1% |
| Total equity and liabilities | 10/49 | €245,692 | €251,625 | +€5,933 | +2.4% |
| Equity | 10/15 | €85,239 | €102,557 | +€17,318 | +20.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,761 | €2,557 | +€17,318 | |
| Amounts payable | 17/49 | €160,453 | €149,068 | -€11,385 | -7.1% |
| Amounts payable after more than one year | 17 | €140,250 | €131,250 | -€9,000 | -6.4% |
| Financial debts | 170/4 | €140,250 | €131,250 | -€9,000 | -6.4% |
| Amounts payable within one year | 42/48 | €20,203 | €17,818 | -€2,385 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €5,292 | - | -€5,292 | |
| Suppliers | 440/4 | €5,292 | - | -€5,292 | |
| Taxes, remuneration and social security | 45 | €528 | €1,934 | +€1,406 | +266% |
| Taxes | 450/3 | €528 | €1,934 | +€1,406 | +266% |
| Other amounts payable | 47/48 | €5,383 | €6,884 | +€1,501 | +27.9% |
| Turnover | 70 | €44,214 | €53,796 | +€9,582 | +21.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,960 | €12,745 | -€13,216 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,289 | €16,574 | +€286 | +1.8% |
| Other operating charges | 640/8 | €779 | €803 | +€24 | +3.1% |
| Gross operating margin | 9900 | €18,253 | €41,051 | +€22,797 | +125% |
| Operating profit (loss) | 9901 | €1,186 | €23,673 | +€22,488 | +1,896% |
| Financial charges | 65/66B | €7,536 | €4,949 | -€2,587 | -34.3% |
| Recurring financial charges | 65 | €7,536 | €4,949 | -€2,587 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,350 | €18,724 | +€25,074 | |
| Income taxes | 67/77 | - | €1,406 | +€1,406 | |
| Profit (loss) for the period | 9904 | -€6,350 | €17,318 | +€23,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,350 | €17,318 | +€23,668 |
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.