TLS & CO: 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 & CO
Largest movements
- Receivables within one year -€68,968
down €68,968 (-38.4%), from €179,689 to €110,721
of which Trade receivables: -€77,397
- Cash -€22,391
down €22,391 (-86.4%), from €25,912 to €3,521
mainly Trade debts (-€85,709) and Net result for the year (-€26,753)
- Tangible fixed assets -€2,250
down €2,250 (-31.7%), from €7,108 to €4,858
- Trade debts -€85,709
down €85,709 (-58.4%), from €146,876 to €61,167
- Profit (loss) carried forward -€26,753
down €26,753 (-109%), from -€24,544 to -€51,297
- Tax, wage and social debts +€9,797
up €9,797 (+12.7%), from €77,162 to €86,959
of which Remuneration and social security: +€9,498
- Contributions +€8,400
up €8,400 (+82.4%), from €10,200 to €18,600
- Staff costs -€51,720
down €51,720 (-46.1%), from €112,155 to €60,435
- Write-downs +€36,550
new in 2023: €36,550
- Gross operating margin -€7,833
down €7,833 (-8.4%), from €92,817 to €84,984
- Other operating charges +€5,241
up €5,241 (+167%), from €3,134 to €8,375
- Taxes +€3,966
up €3,966, from -€231 to €3,735
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,859 | €119,250 | -€93,609 | -44.0% |
| Fixed assets | 21/28 | €7,258 | €5,008 | -€2,250 | -31.0% |
| Tangible fixed assets | 22/27 | €7,108 | €4,858 | -€2,250 | -31.7% |
| Furniture and vehicles | 24 | €7,108 | €4,858 | -€2,250 | -31.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €205,601 | €114,242 | -€91,359 | -44.4% |
| Amounts receivable within one year | 40/41 | €179,689 | €110,721 | -€68,968 | -38.4% |
| Trade receivables | 40 | €179,689 | €102,292 | -€77,397 | -43.1% |
| Other amounts receivable | 41 | - | €8,429 | +€8,429 | |
| Cash at bank and in hand | 54/58 | €25,912 | €3,521 | -€22,391 | -86.4% |
| Total equity and liabilities | 10/49 | €212,859 | €119,250 | -€93,609 | -44.0% |
| Equity | 10/15 | -€14,344 | -€32,697 | -€18,353 | -128% |
| Contributions | 10/11 | €10,200 | €18,600 | +€8,400 | +82.4% |
| Profit (loss) carried forward | 14 | -€24,544 | -€51,297 | -€26,753 | -109% |
| Amounts payable | 17/49 | €227,203 | €151,947 | -€75,256 | -33.1% |
| Amounts payable within one year | 42/48 | €227,203 | €151,947 | -€75,256 | -33.1% |
| Trade debts | 44 | €146,876 | €61,167 | -€85,709 | -58.4% |
| Suppliers | 440/4 | €146,876 | €61,167 | -€85,709 | -58.4% |
| Taxes, remuneration and social security | 45 | €77,162 | €86,959 | +€9,797 | +12.7% |
| Taxes | 450/3 | €71,981 | €72,280 | +€299 | +0.4% |
| Remuneration and social security | 454/9 | €5,181 | €14,679 | +€9,498 | +183% |
| Other amounts payable | 47/48 | €3,165 | €3,821 | +€656 | +20.7% |
| Remuneration, social security and pensions | 62 | €112,155 | €60,435 | -€51,720 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,892 | €2,250 | +€358 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,550 | +€36,550 | |
| Other operating charges | 640/8 | €3,134 | €8,375 | +€5,241 | +167% |
| Gross operating margin | 9900 | €92,817 | €84,984 | -€7,833 | -8.4% |
| Operating profit (loss) | 9901 | -€24,364 | -€22,626 | +€1,738 | +7.1% |
| Financial charges | 65/66B | €185 | €392 | +€207 | +112% |
| Recurring financial charges | 65 | €185 | €392 | +€207 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€24,549 | -€23,018 | +€1,531 | +6.2% |
| Income taxes | 67/77 | -€231 | €3,735 | +€3,966 | |
| Profit (loss) for the period | 9904 | -€24,318 | -€26,753 | -€2,435 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,318 | -€26,753 | -€2,435 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.