TLM TRANSPORT: 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 TRANSPORT
Largest movements
- Tangible fixed assets +€389,209
up €389,209 (+27.2%), from €1.4m to €1.8m
of which Furniture and vehicles: +€324,856
- Receivables within one year +€100,593
up €100,593 (+27.8%), from €362,176 to €462,769
of which Trade receivables: +€100,593
- Cash -€100,123
down €100,123 (-49.2%), from €203,301 to €103,178
mainly Investment in fixed assets (net) (-€834,656) and Contributions, distributions and other (-€200,000)
- Other debts +€167,667
up €167,667 (+3,576%), from €4,689 to €172,356
- Debts after one year +€62,276
up €62,276 (+11.2%), from €556,127 to €618,402
- Current portion of long-term debt +€47,921
up €47,921 (+21.4%), from €223,637 to €271,558
- Tax, wage and social debts +€42,162
up €42,162 (+80.8%), from €52,172 to €94,335
of which Taxes: +€24,715
- Accrued charges and deferred income +€36,304
up €36,304 (+684%), from €5,308 to €41,612
- Gross operating margin +€223,383
up €223,383 (+17.8%), from €1.3m to €1.5m
- Staff costs +€210,459
up €210,459 (+53.6%), from €392,743 to €603,202
- Depreciation +€57,805
up €57,805 (+14.9%), from €388,143 to €445,947
- Taxes -€19,716
down €19,716 (-24.5%), from €80,396 to €60,680
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 | €2,009,969 | €2,401,805 | +€391,836 | +19.5% |
| Fixed assets | 21/28 | €1,443,058 | €1,831,767 | +€388,709 | +26.9% |
| Intangible fixed assets | 21 | €4,167 | €3,667 | -€500 | -12.0% |
| Tangible fixed assets | 22/27 | €1,429,692 | €1,818,901 | +€389,209 | +27.2% |
| Land and buildings | 22 | €228,052 | €216,316 | -€11,737 | -5.1% |
| Plant, machinery and equipment | 23 | €305,540 | €403,524 | +€97,983 | +32.1% |
| Furniture and vehicles | 24 | €859,647 | €1,184,503 | +€324,856 | +37.8% |
| Leasing and similar rights | 25 | €36,451 | €14,558 | -€21,893 | -60.1% |
| Financial fixed assets | 28 | €9,200 | €9,200 | = | 0.0% |
| Current assets | 29/58 | €566,910 | €570,038 | +€3,127 | +0.6% |
| Amounts receivable within one year | 40/41 | €362,176 | €462,769 | +€100,593 | +27.8% |
| Trade receivables | 40 | €350,916 | €451,509 | +€100,593 | +28.7% |
| Other amounts receivable | 41 | €11,260 | €11,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €203,301 | €103,178 | -€100,123 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,434 | €4,090 | +€2,657 | +185% |
| Total equity and liabilities | 10/49 | €2,009,969 | €2,401,805 | +€391,836 | +19.5% |
| Equity | 10/15 | €1,095,675 | €1,124,294 | +€28,619 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,077,075 | €1,105,694 | +€28,619 | +2.7% |
| Tax-exempt reserves | 132 | €10,250 | €10,250 | = | 0.0% |
| Distributable reserves | 133 | €1,066,825 | €1,095,444 | +€28,619 | +2.7% |
| Amounts payable | 17/49 | €914,294 | €1,277,511 | +€363,217 | +39.7% |
| Amounts payable after more than one year | 17 | €556,127 | €618,402 | +€62,276 | +11.2% |
| Financial debts | 170/4 | €556,127 | €618,402 | +€62,276 | +11.2% |
| Amounts payable within one year | 42/48 | €352,859 | €617,496 | +€264,638 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €223,637 | €271,558 | +€47,921 | +21.4% |
| Financial debts | 43 | €14,709 | - | -€14,709 | |
| Credit institutions | 430/8 | €14,709 | - | -€14,709 | |
| Trade debts | 44 | €57,651 | €79,247 | +€21,596 | +37.5% |
| Suppliers | 440/4 | €57,651 | €79,247 | +€21,596 | +37.5% |
| Taxes, remuneration and social security | 45 | €52,172 | €94,335 | +€42,162 | +80.8% |
| Taxes | 450/3 | €12,081 | €36,796 | +€24,715 | +205% |
| Remuneration and social security | 454/9 | €40,091 | €57,539 | +€17,448 | +43.5% |
| Other amounts payable | 47/48 | €4,689 | €172,356 | +€167,667 | +3,576% |
| Accrued charges and deferred income | 492/3 | €5,308 | €41,612 | +€36,304 | +684% |
| Remuneration, social security and pensions | 62 | €392,743 | €603,202 | +€210,459 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,143 | €445,947 | +€57,805 | +14.9% |
| Other operating charges | 640/8 | €121,538 | €107,428 | -€14,110 | -11.6% |
| Gross operating margin | 9900 | €1,255,793 | €1,479,175 | +€223,383 | +17.8% |
| Operating profit (loss) | 9901 | €353,369 | €322,598 | -€30,771 | -8.7% |
| Financial charges | 65/66B | €29,356 | €33,299 | +€3,943 | +13.4% |
| Recurring financial charges | 65 | €29,356 | €33,299 | +€3,943 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €324,013 | €289,299 | -€34,714 | -10.7% |
| Income taxes | 67/77 | €80,396 | €60,680 | -€19,716 | -24.5% |
| Profit (loss) for the period | 9904 | €243,617 | €228,619 | -€14,998 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €243,617 | €228,619 | -€14,998 | -6.2% |
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 1 November 2026 via checked.be.