TLN: 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.
TLN
Largest movements
- Tangible fixed assets -€58,182
down €58,182 (-18.2%), from €319,956 to €261,774
of which Land and buildings: -€49,668
- Cash +€30,588
up €30,588 (+16.4%), from €187,003 to €217,591
mainly Net result for the year (+€166,205) and Depreciation (+€64,717)
- Debts after one year -€59,828
down €59,828 (-20.7%), from €288,974 to €229,146
- Other debts +€50,000
up €50,000 (+350.9%), from €14,251 to €64,251
- Trade debts -€19,743
down €19,743 (-33.0%), from €59,801 to €40,059
- Staff costs +€51,950
up €51,950 (+24.1%), from €215,732 to €267,682
- Gross operating margin +€29,902
up €29,902 (+5.9%), from €504,483 to €534,385
- Depreciation -€8,481
down €8,481 (-11.6%), from €73,198 to €64,717
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 | €693,586 | €669,750 | -€23,836 | -3.4% |
| Fixed assets | 21/28 | €319,956 | €261,774 | -€58,182 | -18.2% |
| Tangible fixed assets | 22/27 | €319,956 | €261,774 | -€58,182 | -18.2% |
| Land and buildings | 22 | €279,749 | €230,081 | -€49,668 | -17.8% |
| Plant, machinery and equipment | 23 | - | €759 | +€759 | |
| Furniture and vehicles | 24 | €40,207 | €30,934 | -€9,273 | -23.1% |
| Current assets | 29/58 | €373,630 | €407,976 | +€34,346 | +9.2% |
| Amounts receivable within one year | 40/41 | €164,113 | €167,840 | +€3,727 | +2.3% |
| Trade receivables | 40 | €164,098 | €166,398 | +€2,300 | +1.4% |
| Other amounts receivable | 41 | €15 | €1,442 | +€1,427 | +9668.8% |
| Cash at bank and in hand | 54/58 | €187,003 | €217,591 | +€30,588 | +16.4% |
| Deferred charges and accrued income | 490/1 | €22,513 | €22,545 | +€32 | +0.1% |
| Total equity and liabilities | 10/49 | €693,586 | €669,750 | -€23,836 | -3.4% |
| Equity | 10/15 | €171,376 | €172,581 | +€1,205 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,925 | €152,130 | +€1,205 | +0.8% |
| Amounts payable | 17/49 | €522,210 | €497,169 | -€25,041 | -4.8% |
| Amounts payable after more than one year | 17 | €288,974 | €229,146 | -€59,828 | -20.7% |
| Financial debts | 170/4 | €288,974 | €229,146 | -€59,828 | -20.7% |
| Amounts payable within one year | 42/48 | €233,236 | €268,023 | +€34,787 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €60,319 | €59,828 | -€490 | -0.8% |
| Trade debts | 44 | €59,801 | €40,059 | -€19,743 | -33.0% |
| Suppliers | 440/4 | €59,801 | €40,059 | -€19,743 | -33.0% |
| Taxes, remuneration and social security | 45 | €98,864 | €103,885 | +€5,021 | +5.1% |
| Taxes | 450/3 | €60,942 | €54,301 | -€6,640 | -10.9% |
| Remuneration and social security | 454/9 | €37,923 | €49,584 | +€11,661 | +30.7% |
| Other amounts payable | 47/48 | €14,251 | €64,251 | +€50,000 | +350.9% |
| Non-recurring operating income | 76A | €11,312 | - | -€11,312 | |
| Remuneration, social security and pensions | 62 | €215,732 | €267,682 | +€51,950 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,198 | €64,717 | -€8,481 | -11.6% |
| Other operating charges | 640/8 | €9,275 | €5,869 | -€3,406 | -36.7% |
| Non-recurring operating charges | 66A | €8,970 | - | -€8,970 | |
| Gross operating margin | 9900 | €504,483 | €534,385 | +€29,902 | +5.9% |
| Operating profit (loss) | 9901 | €197,307 | €196,117 | -€1,190 | -0.6% |
| Financial income | 75/76B | €17 | €0 | -€17 | -98.7% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -98.7% |
| Financial charges | 65/66B | €22,804 | €18,677 | -€4,128 | -18.1% |
| Recurring financial charges | 65 | €22,804 | €18,677 | -€4,128 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €174,520 | €177,440 | +€2,920 | +1.7% |
| Income taxes | 67/77 | €11,716 | €11,235 | -€481 | -4.1% |
| Profit (loss) for the period | 9904 | €162,804 | €166,205 | +€3,401 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €162,804 | €166,205 | +€3,401 | +2.1% |
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 12 October 2026 via checked.be.