TLS BELGIUM: what changed
What changed
TLS BELGIUM
NACE 46.500, Wholesale of information and communication equipment
filed annual accounts (NBB)
Net result for the year
€114,011
2024 · €53,578+€60,433
Equity
€433,838
2024 · €562,827-€128,989
Cash
€17,665
2024 · €9,149+€8,517
Balance sheet total
€4.1m
2024 · €6.0m-€1.9m
Largest movements
Assets
- Tangible fixed assets -€1.3m
down €1.3m (-24.9%), from €5.2m to €3.9m
of which Land and buildings: -€1.3m
- Receivables within one year -€642,112
down €642,112 (-78.1%), from €821,755 to €179,643
of which Trade receivables: -€624,345
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-51.1%), from €2.3m to €1.1m
- Debts after one year -€677,860
down €677,860 (-24.5%), from €2.8m to €2.1m
- Revaluation surpluses -€243,000
down €243,000 (-81.0%), from €300,000 to €57,000
- Profit (loss) carried forward +€114,011
up €114,011 (+21.3%), from -€534,936 to -€420,925
Income statement
- Depreciation -€110,842
down €110,842 (-59.7%), from €185,816 to €74,975
- Gross operating margin -€83,810
down €83,810 (-15.1%), from €553,887 to €470,077
- Financial charges -€55,291
down €55,291 (-23.1%), from €239,488 to €184,197
of which Financial charges: -€58,872
- Financial income -€11,820
down €11,820 (-92.5%), from €12,773 to €952
- Staff costs +€11,401
up €11,401 (+20.6%), from €55,420 to €66,821
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,578
Gross operating margin
-€83,810
Staff costs
-€11,401
Depreciation
+€110,842
Other operating charges
+€1,322
Financial income
-€11,820
Financial charges
+€55,291
Taxes
+€10
Result 2025
€114,011
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€896,293
Investment
+€1.2m
Financing
-€2.1m
Cash 2024
€9,149
From operations (derived)
+€896,293
Net result for the year
+€114,011
Depreciation
+€74,975
Receivables within one year
+€642,112
Deferred charges and accrued income
+€1,979
Trade debts
+€14,804
Tax, wage and social debts
+€3,421
Other debts
+€14,807
Accrued charges and deferred income
+€30,183
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€2.1m
Debts after one year
-€677,860
Current portion of long-term debt
-€13,404
Short-term financial debts
-€1.2m
Contributions, distributions and other
-€243,000
Cash 2025
€17,665
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,044,833 | €4,113,731 | -€1.9m | -31.9% |
| Fixed assets | 21/28 | €5,211,500 | €3,915,972 | -€1.3m | -24.9% |
| Tangible fixed assets | 22/27 | €5,207,500 | €3,911,972 | -€1.3m | -24.9% |
| Land and buildings | 22 | €5,051,604 | €3,761,170 | -€1.3m | -25.5% |
| Plant, machinery and equipment | 23 | €1,166 | €275 | -€891 | -76.4% |
| Furniture and vehicles | 24 | €145,510 | €140,555 | -€4,955 | -3.4% |
| Other tangible fixed assets | 26 | €9,219 | €9,972 | +€753 | +8.2% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €833,333 | €197,759 | -€635,574 | -76.3% |
| Amounts receivable within one year | 40/41 | €821,755 | €179,643 | -€642,112 | -78.1% |
| Trade receivables | 40 | €710,535 | €86,190 | -€624,345 | -87.9% |
| Other amounts receivable | 41 | €111,220 | €93,453 | -€17,767 | -16.0% |
| Cash at bank and in hand | 54/58 | €9,149 | €17,665 | +€8,517 | +93.1% |
| Deferred charges and accrued income | 490/1 | €2,429 | €451 | -€1,979 | -81.4% |
| Total equity and liabilities | 10/49 | €6,044,833 | €4,113,731 | -€1.9m | -31.9% |
| Equity | 10/15 | €562,827 | €433,838 | -€128,989 | -22.9% |
| Contributions | 10/11 | €570,273 | €570,273 | = | 0.0% |
| Capital | 10 | €84,276 | €84,276 | = | 0.0% |
| Issued capital | 100 | €84,276 | €84,276 | = | 0.0% |
| Contributions outside capital | 11 | €485,997 | €485,997 | = | 0.0% |
| Share premium | 1100/10 | €485,997 | €485,997 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €57,000 | -€243,000 | -81.0% |
| Reserves | 13 | €227,490 | €227,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €214,990 | €214,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€534,936 | -€420,925 | +€114,011 | +21.3% |
| Amounts payable | 17/49 | €5,482,006 | €3,679,893 | -€1.8m | -32.9% |
| Amounts payable after more than one year | 17 | €2,764,223 | €2,086,363 | -€677,860 | -24.5% |
| Financial debts | 170/4 | €2,764,223 | €2,086,363 | -€677,860 | -24.5% |
| Amounts payable within one year | 42/48 | €2,488,334 | €1,333,899 | -€1.2m | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €90,189 | €76,785 | -€13,404 | -14.9% |
| Financial debts | 43 | €2,298,564 | €1,124,500 | -€1.2m | -51.1% |
| Credit institutions | 430/8 | €2,298,564 | €1,124,500 | -€1.2m | -51.1% |
| Trade debts | 44 | €56,063 | €70,867 | +€14,804 | +26.4% |
| Suppliers | 440/4 | €56,063 | €70,867 | +€14,804 | +26.4% |
| Taxes, remuneration and social security | 45 | €5,301 | €8,723 | +€3,421 | +64.5% |
| Taxes | 450/3 | €1,580 | €567 | -€1,013 | -64.1% |
| Remuneration and social security | 454/9 | €3,722 | €8,156 | +€4,434 | +119% |
| Other amounts payable | 47/48 | €38,216 | €53,023 | +€14,807 | +38.7% |
| Accrued charges and deferred income | 492/3 | €229,449 | €259,631 | +€30,183 | +13.2% |
| Non-recurring operating income | 76A | €520,993 | €398,695 | -€122,298 | -23.5% |
| Remuneration, social security and pensions | 62 | €55,420 | €66,821 | +€11,401 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,816 | €74,975 | -€110,842 | -59.7% |
| Other operating charges | 640/8 | €32,092 | €30,769 | -€1,322 | -4.1% |
| Gross operating margin | 9900 | €553,887 | €470,077 | -€83,810 | -15.1% |
| Operating profit (loss) | 9901 | €280,559 | €297,512 | +€16,953 | +6.0% |
| Financial income | 75/76B | €12,773 | €952 | -€11,820 | -92.5% |
| Recurring financial income | 75 | €12,773 | €952 | -€11,820 | -92.5% |
| Financial charges | 65/66B | €239,488 | €184,197 | -€55,291 | -23.1% |
| Recurring financial charges | 65 | €239,488 | €180,616 | -€58,872 | -24.6% |
| Non-recurring financial charges | 66B | - | €3,581 | +€3,581 | |
| Profit (loss) for the period before taxes | 9903 | €53,844 | €114,267 | +€60,423 | +112% |
| Income taxes | 67/77 | €266 | €256 | -€10 | -3.7% |
| Profit (loss) for the period | 9904 | €53,578 | €114,011 | +€60,433 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €53,578 | €114,011 | +€60,433 | +113% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.