TLMS: what changed
Two fiscal 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.
TLMS
Largest movements
- Receivables within one year -€158,223
no longer reported in 2025 (was €158,223)
of which Other amounts receivable: -€122,667
- Current investments +€105,167
new in 2025: €105,167
- Cash -€49,205
no longer reported in 2025 (was €49,205)
- Tangible fixed assets -€15,324
no longer reported in 2025 (was €15,324)
- Profit (loss) carried forward -€79,652
down €79,652 (-96.2%), from €82,765 to €3,113
- Tax, wage and social debts -€42,104
down €42,104 (-77.3%), from €54,457 to €12,354
- Other debts +€5,929
up €5,929 (+7.2%), from €82,357 to €88,287
- Gross operating margin -€121,428
down €121,428, from €115,151 to -€6,277
- Taxes -€25,784
no longer reported in 2025 (was €25,784)
- Depreciation -€8,499
no longer reported in 2025 (was €8,499)
- Other operating charges +€5,191
up €5,191 (+273.2%), from €1,900 to €7,091
- Financial income -€4,051
no longer reported in 2025 (was €4,051)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,752 | €105,167 | -€117,586 | -52.8% |
| Fixed assets | 21/28 | €15,324 | - | -€15,324 | |
| Tangible fixed assets | 22/27 | €15,324 | - | -€15,324 | |
| Furniture and vehicles | 24 | €15,324 | - | -€15,324 | |
| Current assets | 29/58 | €207,428 | €105,167 | -€102,262 | -49.3% |
| Amounts receivable within one year | 40/41 | €158,223 | - | -€158,223 | |
| Trade receivables | 40 | €35,555 | - | -€35,555 | |
| Other amounts receivable | 41 | €122,667 | - | -€122,667 | |
| Current investments | 50/53 | - | €105,167 | +€105,167 | |
| Cash at bank and in hand | 54/58 | €49,205 | - | -€49,205 | |
| Total equity and liabilities | 10/49 | €222,752 | €105,167 | -€117,586 | -52.8% |
| Equity | 10/15 | €84,065 | €4,413 | -€79,652 | -94.8% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,765 | €3,113 | -€79,652 | -96.2% |
| Amounts payable | 17/49 | €138,687 | €100,754 | -€37,934 | -27.4% |
| Amounts payable within one year | 42/48 | €138,687 | €100,754 | -€37,934 | -27.4% |
| Financial debts | 43 | - | €113 | +€113 | |
| Credit institutions | 430/8 | - | €113 | +€113 | |
| Trade debts | 44 | €1,872 | - | -€1,872 | |
| Suppliers | 440/4 | €1,872 | - | -€1,872 | |
| Taxes, remuneration and social security | 45 | €54,457 | €12,354 | -€42,104 | -77.3% |
| Taxes | 450/3 | €54,457 | €12,354 | -€42,104 | -77.3% |
| Other amounts payable | 47/48 | €82,357 | €88,287 | +€5,929 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,499 | - | -€8,499 | |
| Other operating charges | 640/8 | €1,900 | €7,091 | +€5,191 | +273.2% |
| Gross operating margin | 9900 | €115,151 | -€6,277 | -€121,428 | |
| Operating profit (loss) | 9901 | €104,752 | -€13,368 | -€118,120 | |
| Financial income | 75/76B | €4,051 | - | -€4,051 | |
| Recurring financial income | 75 | €4,051 | - | -€4,051 | |
| Financial charges | 65/66B | €662 | €219 | -€443 | -66.9% |
| Recurring financial charges | 65 | €662 | €219 | -€443 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €108,141 | -€13,587 | -€121,728 | |
| Income taxes | 67/77 | €25,784 | - | -€25,784 | |
| Profit (loss) for the period | 9904 | €82,357 | -€13,587 | -€95,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,357 | -€13,587 | -€95,944 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.