TLS Duyck: what changed
TLS Duyck
Largest movements
- Tangible fixed assets -€219,093
down €219,093 (-29.7%), from €737,600 to €518,507
of which Plant, machinery and equipment: -€252,277
- Receivables after one year +€146,000
up €146,000 (+139%), from €104,750 to €250,750
- Receivables within one year -€95,817
down €95,817 (-32.5%), from €295,122 to €199,305
of which Trade receivables: -€62,540
- Reserves +€375,580
new in 2025: €375,580
- Profit (loss) carried forward -€317,320
down €317,320 (-100%), from €317,320 to €0
- Debts after one year -€308,816
down €308,816 (-58.1%), from €531,135 to €222,319
- Tax, wage and social debts +€47,004
up €47,004 (+125%), from €37,588 to €84,593
of which Taxes: +€42,401
- Trade debts +€28,861
up €28,861 (+15.4%), from €187,251 to €216,112
- Gross operating margin +€457,056
up €457,056 (+107%), from €425,816 to €882,872
- Staff costs +€240,374
up €240,374 (+124%), from €194,568 to €434,941
- Depreciation +€177,296
up €177,296 (+109%), from €162,095 to €339,391
- Financial charges +€20,450
up €20,450 (+120%), from €17,068 to €37,519
- Taxes +€14,800
up €14,800 (+216%), from €6,866 to €21,666
Change in the result, 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,270,802 | €1,104,352 | -€166,450 | -13.1% |
| Fixed assets | 21/28 | €737,600 | €518,507 | -€219,093 | -29.7% |
| Tangible fixed assets | 22/27 | €737,600 | €518,507 | -€219,093 | -29.7% |
| Plant, machinery and equipment | 23 | €625,781 | €373,504 | -€252,277 | -40.3% |
| Furniture and vehicles | 24 | €77,152 | €42,387 | -€34,765 | -45.1% |
| Other tangible fixed assets | 26 | €34,666 | €102,616 | +€67,950 | +196% |
| Current assets | 29/58 | €533,202 | €585,845 | +€52,643 | +9.9% |
| Amounts receivable after more than one year | 29 | €104,750 | €250,750 | +€146,000 | +139% |
| Other amounts receivable | 291 | €104,750 | €250,750 | +€146,000 | +139% |
| Amounts receivable within one year | 40/41 | €295,122 | €199,305 | -€95,817 | -32.5% |
| Trade receivables | 40 | €257,249 | €194,709 | -€62,540 | -24.3% |
| Other amounts receivable | 41 | €37,874 | €4,597 | -€33,277 | -87.9% |
| Cash at bank and in hand | 54/58 | €133,329 | €135,789 | +€2,460 | +1.8% |
| Total equity and liabilities | 10/49 | €1,270,802 | €1,104,352 | -€166,450 | -13.1% |
| Equity | 10/15 | €335,320 | €393,580 | +€58,260 | +17.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | - | €375,580 | +€375,580 | |
| Distributable reserves | 133 | - | €375,580 | +€375,580 | |
| Profit (loss) carried forward | 14 | €317,320 | €0 | -€317,320 | -100% |
| Amounts payable | 17/49 | €935,482 | €710,772 | -€224,710 | -24.0% |
| Amounts payable after more than one year | 17 | €531,135 | €222,319 | -€308,816 | -58.1% |
| Financial debts | 170/4 | €531,135 | €222,319 | -€308,816 | -58.1% |
| Amounts payable within one year | 42/48 | €403,694 | €488,453 | +€84,759 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €155,145 | €172,749 | +€17,604 | +11.3% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €187,251 | €216,112 | +€28,861 | +15.4% |
| Suppliers | 440/4 | €187,251 | €216,112 | +€28,861 | +15.4% |
| Taxes, remuneration and social security | 45 | €37,588 | €84,593 | +€47,004 | +125% |
| Taxes | 450/3 | €31,043 | €73,444 | +€42,401 | +137% |
| Remuneration and social security | 454/9 | €6,546 | €11,149 | +€4,603 | +70.3% |
| Other amounts payable | 47/48 | €23,710 | €0 | -€23,710 | -100% |
| Accrued charges and deferred income | 492/3 | €653 | €0 | -€653 | -100% |
| Remuneration, social security and pensions | 62 | €194,568 | €434,941 | +€240,374 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,095 | €339,391 | +€177,296 | +109% |
| Other operating charges | 640/8 | €1,416 | €599 | -€817 | -57.7% |
| Gross operating margin | 9900 | €425,816 | €882,872 | +€457,056 | +107% |
| Operating profit (loss) | 9901 | €67,738 | €107,942 | +€40,204 | +59.4% |
| Financial income | 75/76B | €5,632 | €9,503 | +€3,871 | +68.7% |
| Recurring financial income | 75 | €5,632 | €9,503 | +€3,871 | +68.7% |
| Financial charges | 65/66B | €17,068 | €37,519 | +€20,450 | +120% |
| Recurring financial charges | 65 | €17,068 | €37,519 | +€20,450 | +120% |
| Profit (loss) for the period before taxes | 9903 | €56,301 | €79,926 | +€23,625 | +42.0% |
| Income taxes | 67/77 | €6,866 | €21,666 | +€14,800 | +216% |
| Profit (loss) for the period | 9904 | €49,435 | €58,260 | +€8,825 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,435 | €58,260 | +€8,825 | +17.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.