TLO CONSULTING: 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.
TLO CONSULTING
Largest movements
- Cash +€67,276
up €67,276 (+85.6%), from €78,621 to €145,897
mainly Other debts (+€160,719) and Net result for the year (+€51,815)
- Receivables within one year +€18,475
up €18,475 (+14.6%), from €126,163 to €144,638
of which Other amounts receivable: +€11,320
- Tangible fixed assets -€7,221
down €7,221 (-73.3%), from €9,846 to €2,625
- Other debts +€160,719
up €160,719 (+10,209%), from €1,574 to €162,293
- Reserves -€110,478
down €110,478 (-39.5%), from €279,545 to €169,067
of which Distributable reserves: -€110,478
- Tax, wage and social debts +€24,148
up €24,148 (+107%), from €22,520 to €46,668
of which Taxes: +€21,857
- Gross operating margin -€32,184
down €32,184 (-30.5%), from €105,540 to €73,356
- Taxes -€7,376
down €7,376 (-24.1%), from €30,666 to €23,291
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 | €315,286 | €393,526 | +€78,240 | +24.8% |
| Fixed assets | 21/28 | €9,846 | €2,625 | -€7,221 | -73.3% |
| Tangible fixed assets | 22/27 | €9,846 | €2,625 | -€7,221 | -73.3% |
| Furniture and vehicles | 24 | €9,846 | €2,625 | -€7,221 | -73.3% |
| Current assets | 29/58 | €305,440 | €390,900 | +€85,461 | +28.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €126,163 | €144,638 | +€18,475 | +14.6% |
| Trade receivables | 40 | €27,926 | €35,082 | +€7,155 | +25.6% |
| Other amounts receivable | 41 | €98,237 | €109,557 | +€11,320 | +11.5% |
| Cash at bank and in hand | 54/58 | €78,621 | €145,897 | +€67,276 | +85.6% |
| Deferred charges and accrued income | 490/1 | €656 | €365 | -€290 | -44.3% |
| Total equity and liabilities | 10/49 | €315,286 | €393,526 | +€78,240 | +24.8% |
| Equity | 10/15 | €285,745 | €175,267 | -€110,478 | -38.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,545 | €169,067 | -€110,478 | -39.5% |
| Tax-exempt reserves | 132 | €12,630 | €12,630 | = | 0.0% |
| Distributable reserves | 133 | €266,915 | €156,437 | -€110,478 | -41.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,541 | €218,258 | +€188,717 | +639% |
| Amounts payable within one year | 42/48 | €29,468 | €216,621 | +€187,153 | +635% |
| Trade debts | 44 | €5,374 | €7,660 | +€2,286 | +42.5% |
| Suppliers | 440/4 | €5,374 | €7,660 | +€2,286 | +42.5% |
| Taxes, remuneration and social security | 45 | €22,520 | €46,668 | +€24,148 | +107% |
| Taxes | 450/3 | €22,520 | €44,377 | +€21,857 | +97.1% |
| Remuneration and social security | 454/9 | - | €2,291 | +€2,291 | |
| Other amounts payable | 47/48 | €1,574 | €162,293 | +€160,719 | +10,209% |
| Accrued charges and deferred income | 492/3 | €72 | €1,637 | +€1,565 | +2,160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,446 | €8,285 | +€839 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €888 | €0 | -€888 | -100% |
| Other operating charges | 640/8 | €1,412 | €971 | -€441 | -31.2% |
| Non-recurring operating charges | 66A | - | €141 | +€141 | |
| Gross operating margin | 9900 | €105,540 | €73,356 | -€32,184 | -30.5% |
| Operating profit (loss) | 9901 | €95,794 | €63,958 | -€31,836 | -33.2% |
| Financial income | 75/76B | €11,534 | €11,640 | +€106 | +0.9% |
| Recurring financial income | 75 | €11,534 | €11,640 | +€106 | +0.9% |
| Financial charges | 65/66B | €805 | €492 | -€313 | -38.9% |
| Recurring financial charges | 65 | €805 | €492 | -€313 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €106,523 | €75,106 | -€31,417 | -29.5% |
| Income taxes | 67/77 | €30,666 | €23,291 | -€7,376 | -24.1% |
| Profit (loss) for the period | 9904 | €75,856 | €51,815 | -€24,041 | -31.7% |
| Transfer to tax-exempt reserves | 689 | €12,630 | €0 | -€12,630 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €63,226 | €51,815 | -€11,411 | -18.0% |
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 24 October 2026 via checked.be.