TLS-ANTWERP: 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.
TLS-ANTWERP
Largest movements
- Tangible fixed assets +€33,155
up €33,155 (+770%), from €4,307 to €37,462
of which Other tangible fixed assets: +€34,615
- Receivables within one year +€4,209
up €4,209 (+9.7%), from €43,613 to €47,822
of which Other amounts receivable: +€6,388
- Deferred charges and accrued income +€3,119
up €3,119 (+460%), from €678 to €3,798
- Profit (loss) carried forward +€24,622
up €24,622 (+36.7%), from €67,033 to €91,654
- Trade debts +€9,528
up €9,528 (+70.2%), from €13,564 to €23,092
- Tax, wage and social debts +€4,140
up €4,140 (+1,207%), from €343 to €4,483
- Gross operating margin +€10,261
up €10,261 (+26.0%), from €39,538 to €49,799
- Other operating charges +€4,959
up €4,959 (+796%), from €623 to €5,582
- Depreciation +€2,319
up €2,319 (+143%), from €1,620 to €3,939
- Taxes +€1,542
up €1,542 (+18.6%), from €8,272 to €9,815
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 | €83,940 | €122,229 | +€38,289 | +45.6% |
| Fixed assets | 21/28 | €9,458 | €41,437 | +€31,979 | +338% |
| Intangible fixed assets | 21 | €5,151 | €3,975 | -€1,176 | -22.8% |
| Tangible fixed assets | 22/27 | €4,307 | €37,462 | +€33,155 | +770% |
| Plant, machinery and equipment | 23 | €2,288 | €1,759 | -€529 | -23.1% |
| Furniture and vehicles | 24 | €2,018 | €1,088 | -€930 | -46.1% |
| Other tangible fixed assets | 26 | - | €34,615 | +€34,615 | |
| Current assets | 29/58 | €74,482 | €80,792 | +€6,310 | +8.5% |
| Amounts receivable within one year | 40/41 | €43,613 | €47,822 | +€4,209 | +9.7% |
| Trade receivables | 40 | €33,643 | €31,464 | -€2,178 | -6.5% |
| Other amounts receivable | 41 | €9,970 | €16,357 | +€6,388 | +64.1% |
| Cash at bank and in hand | 54/58 | €30,191 | €29,173 | -€1,018 | -3.4% |
| Deferred charges and accrued income | 490/1 | €678 | €3,798 | +€3,119 | +460% |
| Total equity and liabilities | 10/49 | €83,940 | €122,229 | +€38,289 | +45.6% |
| Equity | 10/15 | €70,033 | €94,654 | +€24,622 | +35.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,033 | €91,654 | +€24,622 | +36.7% |
| Amounts payable | 17/49 | €13,907 | €27,575 | +€13,668 | +98.3% |
| Amounts payable within one year | 42/48 | €13,907 | €27,575 | +€13,668 | +98.3% |
| Trade debts | 44 | €13,564 | €23,092 | +€9,528 | +70.2% |
| Suppliers | 440/4 | €13,564 | €23,092 | +€9,528 | +70.2% |
| Taxes, remuneration and social security | 45 | €343 | €4,483 | +€4,140 | +1,207% |
| Taxes | 450/3 | €343 | €4,483 | +€4,140 | +1,207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €3,939 | +€2,319 | +143% |
| Other operating charges | 640/8 | €623 | €5,582 | +€4,959 | +796% |
| Gross operating margin | 9900 | €39,538 | €49,799 | +€10,261 | +26.0% |
| Operating profit (loss) | 9901 | €37,295 | €40,278 | +€2,983 | +8.0% |
| Financial income | 75/76B | €248 | €571 | +€323 | +130% |
| Recurring financial income | 75 | €248 | €571 | +€323 | +130% |
| Financial charges | 65/66B | €1,792 | €1,413 | -€379 | -21.2% |
| Recurring financial charges | 65 | €1,792 | €1,413 | -€379 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €35,750 | €39,436 | +€3,686 | +10.3% |
| Income taxes | 67/77 | €8,272 | €9,815 | +€1,542 | +18.6% |
| Profit (loss) for the period | 9904 | €27,478 | €29,622 | +€2,144 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,478 | €29,622 | +€2,144 | +7.8% |
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 26 October 2026 via checked.be.