TLM Sanglier: 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 Sanglier
Largest movements
- Tangible fixed assets +€39,570
up €39,570 (+167%), from €23,720 to €63,290
of which Furniture and vehicles: +€40,620
- Receivables within one year -€2,066
down €2,066 (-80.5%), from €2,566 to €500
- Deferred charges and accrued income +€1,710
up €1,710 (+125%), from €1,373 to €3,083
- Cash +€1,658
up €1,658 (+19.3%), from €8,571 to €10,229
mainly Net result for the year (+€58,070) and Tax, wage and social debts (+€23,349)
- Tax, wage and social debts +€23,349
up €23,349 (+159%), from €14,685 to €38,034
- Profit (loss) carried forward +€23,070
up €23,070, from -€16,098 to €6,972
- Current portion of long-term debt -€8,100
down €8,100 (-54.4%), from €14,900 to €6,800
- Debts after one year -€6,800
down €6,800 (-60.2%), from €11,293 to €4,493
- Other debts +€5,848
new in 2025: €5,848
- Gross operating margin +€44,678
up €44,678 (+82.2%), from €54,336 to €99,014
- Taxes +€23,660
up €23,660 (+1,641%), from €1,442 to €25,102
- Depreciation +€7,363
up €7,363 (+170%), from €4,328 to €11,691
- Financial charges -€2,103
down €2,103 (-45.4%), from €4,633 to €2,530
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 | €36,230 | €77,102 | +€40,872 | +113% |
| Fixed assets | 21/28 | €23,720 | €63,290 | +€39,570 | +167% |
| Tangible fixed assets | 22/27 | €23,720 | €63,290 | +€39,570 | +167% |
| Plant, machinery and equipment | 23 | €12,406 | €11,357 | -€1,050 | -8.5% |
| Furniture and vehicles | 24 | €11,314 | €51,934 | +€40,620 | +359% |
| Current assets | 29/58 | €12,510 | €13,811 | +€1,302 | +10.4% |
| Amounts receivable within one year | 40/41 | €2,566 | €500 | -€2,066 | -80.5% |
| Trade receivables | 40 | €2,566 | €500 | -€2,066 | -80.5% |
| Cash at bank and in hand | 54/58 | €8,571 | €10,229 | +€1,658 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,373 | €3,083 | +€1,710 | +125% |
| Total equity and liabilities | 10/49 | €36,230 | €77,102 | +€40,872 | +113% |
| Equity | 10/15 | -€9,698 | €13,372 | +€23,070 | |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,098 | €6,972 | +€23,070 | |
| Amounts payable | 17/49 | €45,928 | €63,730 | +€17,801 | +38.8% |
| Amounts payable after more than one year | 17 | €11,293 | €4,493 | -€6,800 | -60.2% |
| Financial debts | 170/4 | €11,293 | €4,493 | -€6,800 | -60.2% |
| Amounts payable within one year | 42/48 | €34,635 | €59,237 | +€24,601 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €14,900 | €6,800 | -€8,100 | -54.4% |
| Financial debts | 43 | €5 | - | -€5 | |
| Other loans | 439 | €5 | - | -€5 | |
| Trade debts | 44 | €5,045 | €8,428 | +€3,383 | +67.0% |
| Suppliers | 440/4 | €5,045 | €8,428 | +€3,383 | +67.0% |
| Advances received on contracts in progress | 46 | - | €127 | +€127 | |
| Taxes, remuneration and social security | 45 | €14,685 | €38,034 | +€23,349 | +159% |
| Taxes | 450/3 | €14,685 | €38,034 | +€23,349 | +159% |
| Other amounts payable | 47/48 | - | €5,848 | +€5,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,328 | €11,691 | +€7,363 | +170% |
| Other operating charges | 640/8 | €1,959 | €1,632 | -€327 | -16.7% |
| Gross operating margin | 9900 | €54,336 | €99,014 | +€44,678 | +82.2% |
| Operating profit (loss) | 9901 | €48,049 | €85,690 | +€37,641 | +78.3% |
| Financial income | 75/76B | €757 | €12 | -€745 | -98.5% |
| Recurring financial income | 75 | €757 | €12 | -€745 | -98.5% |
| Financial charges | 65/66B | €4,633 | €2,530 | -€2,103 | -45.4% |
| Recurring financial charges | 65 | €4,633 | €2,530 | -€2,103 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €44,173 | €83,172 | +€38,999 | +88.3% |
| Income taxes | 67/77 | €1,442 | €25,102 | +€23,660 | +1,641% |
| Profit (loss) for the period | 9904 | €42,732 | €58,070 | +€15,338 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,732 | €58,070 | +€15,338 | +35.9% |
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 28 October 2026 via checked.be.