TLMH: 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.
TLMH
Largest movements
- Cash -€43,493
down €43,493 (-72.4%), from €60,097 to €16,604
mainly Receivables within one year (-€34,053) and Other debts (-€32,996)
- Receivables within one year +€34,053
up €34,053 (+17.8%), from €191,713 to €225,766
of which Trade receivables: +€29,592
- Profit (loss) carried forward +€35,561
up €35,561 (+13.9%), from €256,649 to €292,210
- Other debts -€32,996
down €32,996 (-48.5%), from €67,996 to €35,000
- Tax, wage and social debts -€14,417
down €14,417 (-42.4%), from €33,998 to €19,581
of which Taxes: -€15,617
- Trade debts +€5,495
up €5,495 (+412.4%), from €1,332 to €6,827
- Financial income -€81,143
down €81,143 (-100.0%), from €81,143 to €0
- Gross operating margin -€38,338
down €38,338 (-44.3%), from €86,602 to €48,264
- Taxes -€1,126
down €1,126 (-11.9%), from €9,459 to €8,333
- Other operating charges +€977
up €977 (+720.7%), from €136 to €1,112
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 | €369,975 | €363,618 | -€6,357 | -1.7% |
| Fixed assets | 21/28 | €117,616 | €120,518 | +€2,901 | +2.5% |
| Tangible fixed assets | 22/27 | €2,963 | €5,865 | +€2,901 | +97.9% |
| Furniture and vehicles | 24 | €2,963 | €5,865 | +€2,901 | +97.9% |
| Financial fixed assets | 28 | €114,653 | €114,653 | = | 0.0% |
| Current assets | 29/58 | €252,359 | €243,100 | -€9,259 | -3.7% |
| Amounts receivable within one year | 40/41 | €191,713 | €225,766 | +€34,053 | +17.8% |
| Trade receivables | 40 | €107,500 | €137,092 | +€29,592 | +27.5% |
| Other amounts receivable | 41 | €84,213 | €88,674 | +€4,461 | +5.3% |
| Cash at bank and in hand | 54/58 | €60,097 | €16,604 | -€43,493 | -72.4% |
| Deferred charges and accrued income | 490/1 | €549 | €730 | +€181 | +33.0% |
| Total equity and liabilities | 10/49 | €369,975 | €363,618 | -€6,357 | -1.7% |
| Equity | 10/15 | €266,649 | €302,210 | +€35,561 | +13.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,649 | €292,210 | +€35,561 | +13.9% |
| Amounts payable | 17/49 | €103,326 | €61,408 | -€41,918 | -40.6% |
| Amounts payable within one year | 42/48 | €103,326 | €61,408 | -€41,918 | -40.6% |
| Trade debts | 44 | €1,332 | €6,827 | +€5,495 | +412.4% |
| Suppliers | 440/4 | €1,332 | €6,827 | +€5,495 | +412.4% |
| Taxes, remuneration and social security | 45 | €33,998 | €19,581 | -€14,417 | -42.4% |
| Taxes | 450/3 | €33,998 | €18,381 | -€15,617 | -45.9% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €67,996 | €35,000 | -€32,996 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €938 | €553 | -€385 | -41.0% |
| Other operating charges | 640/8 | €136 | €1,112 | +€977 | +720.7% |
| Gross operating margin | 9900 | €86,602 | €48,264 | -€38,338 | -44.3% |
| Operating profit (loss) | 9901 | €85,529 | €46,599 | -€38,930 | -45.5% |
| Financial income | 75/76B | €81,143 | €0 | -€81,143 | -100.0% |
| Recurring financial income | 75 | €81,143 | €0 | -€81,143 | -100.0% |
| Financial charges | 65/66B | €3,517 | €2,704 | -€812 | -23.1% |
| Recurring financial charges | 65 | €3,517 | €2,704 | -€812 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €163,155 | €43,895 | -€119,261 | -73.1% |
| Income taxes | 67/77 | €9,459 | €8,333 | -€1,126 | -11.9% |
| Profit (loss) for the period | 9904 | €153,696 | €35,561 | -€118,135 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,696 | €35,561 | -€118,135 | -76.9% |
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 10 October 2026 via checked.be.