TLP: 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.
TLP
Largest movements
- Receivables within one year -€5,196
down €5,196 (-60.5%), from €8,593 to €3,397
of which Trade receivables: -€4,834
- Tangible fixed assets +€3,354
up €3,354 (+224.1%), from €1,497 to €4,850
of which Furniture and vehicles: +€4,029
- Cash +€3,183
up €3,183 (+59.4%), from €5,362 to €8,545
mainly Receivables within one year (+€5,196) and Depreciation (+€3,286)
- Intangible fixed assets -€2,143
down €2,143 (-25.0%), from €8,566 to €6,423
- Deferred charges and accrued income -€1,281
down €1,281 (-58.6%), from €2,187 to €906
- Other debts -€4,711
down €4,711 (-36.3%), from €12,983 to €8,272
- Profit (loss) carried forward +€1,641
up €1,641 (+35.7%), from €4,604 to €6,245
- Trade debts +€1,081
up €1,081 (+24.8%), from €4,360 to €5,441
- Accrued charges and deferred income -€391
no longer reported in 2025 (was €391)
- Tax, wage and social debts +€297
up €297 (+34.3%), from €867 to €1,164
- Gross operating margin +€4,416
up €4,416 (+70.7%), from €6,246 to €10,662
- Financial charges +€1,649
up €1,649 (+90.7%), from €1,818 to €3,467
- Write-downs -€1,260
no longer reported in 2025 (was €1,260)
- Taxes +€768
up €768 (+556.7%), from €138 to €906
- Depreciation +€455
up €455 (+16.1%), from €2,831 to €3,286
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 | €26,205 | €24,122 | -€2,083 | -7.9% |
| Fixed assets | 21/28 | €10,062 | €11,273 | +€1,211 | +12.0% |
| Intangible fixed assets | 21 | €8,566 | €6,423 | -€2,143 | -25.0% |
| Tangible fixed assets | 22/27 | €1,497 | €4,850 | +€3,354 | +224.1% |
| Plant, machinery and equipment | 23 | €1,497 | €821 | -€676 | -45.1% |
| Furniture and vehicles | 24 | - | €4,029 | +€4,029 | |
| Current assets | 29/58 | €16,142 | €12,849 | -€3,294 | -20.4% |
| Amounts receivable within one year | 40/41 | €8,593 | €3,397 | -€5,196 | -60.5% |
| Trade receivables | 40 | €6,731 | €1,897 | -€4,834 | -71.8% |
| Other amounts receivable | 41 | €1,862 | €1,500 | -€362 | -19.4% |
| Cash at bank and in hand | 54/58 | €5,362 | €8,545 | +€3,183 | +59.4% |
| Deferred charges and accrued income | 490/1 | €2,187 | €906 | -€1,281 | -58.6% |
| Total equity and liabilities | 10/49 | €26,205 | €24,122 | -€2,083 | -7.9% |
| Equity | 10/15 | €7,604 | €9,245 | +€1,641 | +21.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,604 | €6,245 | +€1,641 | +35.7% |
| Amounts payable | 17/49 | €18,601 | €14,877 | -€3,724 | -20.0% |
| Amounts payable within one year | 42/48 | €18,210 | €14,877 | -€3,333 | -18.3% |
| Trade debts | 44 | €4,360 | €5,441 | +€1,081 | +24.8% |
| Suppliers | 440/4 | €4,360 | €5,441 | +€1,081 | +24.8% |
| Taxes, remuneration and social security | 45 | €867 | €1,164 | +€297 | +34.3% |
| Taxes | 450/3 | €867 | €1,164 | +€297 | +34.3% |
| Other amounts payable | 47/48 | €12,983 | €8,272 | -€4,711 | -36.3% |
| Accrued charges and deferred income | 492/3 | €391 | - | -€391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831 | €3,286 | +€455 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,260 | - | -€1,260 | |
| Other operating charges | 640/8 | €319 | €391 | +€72 | +22.7% |
| Non-recurring operating charges | 66A | - | €114 | +€114 | |
| Gross operating margin | 9900 | €6,246 | €10,662 | +€4,416 | +70.7% |
| Operating profit (loss) | 9901 | €1,836 | €6,872 | +€5,035 | +274.2% |
| Financial income | 75/76B | €27 | €2 | -€25 | -92.5% |
| Recurring financial income | 75 | €27 | €2 | -€25 | -92.5% |
| Financial charges | 65/66B | €1,818 | €3,467 | +€1,649 | +90.7% |
| Recurring financial charges | 65 | €1,818 | €3,467 | +€1,649 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €45 | €3,407 | +€3,362 | +7430.8% |
| Income taxes | 67/77 | €138 | €906 | +€768 | +556.7% |
| Profit (loss) for the period | 9904 | -€93 | €2,500 | +€2,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93 | €2,500 | +€2,593 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.