TLS Equipment: 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 Equipment
Largest movements
- Cash +€227,587
up €227,587 (+69.5%), from €327,381 to €554,968
mainly Net result for the year (+€168,391) and Depreciation (+€120,219)
- Stocks and contracts -€43,681
down €43,681 (-3.9%), from €1.1m to €1.1m
- Reserves +€168,391
up €168,391 (+15.8%), from €1.1m to €1.2m
of which Distributable reserves: +€168,391
- Trade debts +€86,289
up €86,289 (+17.4%), from €496,651 to €582,940
- Debts after one year -€41,782
down €41,782 (-11.4%), from €366,308 to €324,526
- Other debts -€31,622
down €31,622 (-23.2%), from €136,445 to €104,823
- Gross operating margin -€177,401
down €177,401 (-28.2%), from €629,267 to €451,866
- Taxes -€50,564
down €50,564 (-40.9%), from €123,755 to €73,191
- Depreciation +€33,796
up €33,796 (+39.1%), from €86,423 to €120,219
- Financial charges -€18,941
down €18,941 (-51.4%), from €36,848 to €17,907
- Financial income +€14,881
up €14,881 (+243%), from €6,134 to €21,015
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 | €2,332,063 | €2,519,221 | +€187,158 | +8.0% |
| Fixed assets | 21/28 | €702,862 | €708,178 | +€5,316 | +0.8% |
| Intangible fixed assets | 21 | €1,955 | €1,435 | -€520 | -26.6% |
| Tangible fixed assets | 22/27 | €700,315 | €704,651 | +€4,336 | +0.6% |
| Land and buildings | 22 | €395,249 | €362,234 | -€33,015 | -8.4% |
| Plant, machinery and equipment | 23 | €220,429 | €192,497 | -€27,932 | -12.7% |
| Furniture and vehicles | 24 | €84,637 | €149,920 | +€65,283 | +77.1% |
| Financial fixed assets | 28 | €592 | €2,092 | +€1,500 | +253% |
| Current assets | 29/58 | €1,629,201 | €1,811,043 | +€181,842 | +11.2% |
| Stocks and contracts in progress | 3 | €1,114,089 | €1,070,408 | -€43,681 | -3.9% |
| Stocks | 30/36 | €1,114,089 | €1,070,408 | -€43,681 | -3.9% |
| Amounts receivable within one year | 40/41 | €182,640 | €179,050 | -€3,590 | -2.0% |
| Trade receivables | 40 | €156,148 | €136,959 | -€19,189 | -12.3% |
| Other amounts receivable | 41 | €26,492 | €42,091 | +€15,599 | +58.9% |
| Cash at bank and in hand | 54/58 | €327,381 | €554,968 | +€227,587 | +69.5% |
| Deferred charges and accrued income | 490/1 | €5,091 | €6,617 | +€1,526 | +30.0% |
| Total equity and liabilities | 10/49 | €2,332,063 | €2,519,221 | +€187,158 | +8.0% |
| Equity | 10/15 | €1,081,675 | €1,250,066 | +€168,391 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,063,075 | €1,231,466 | +€168,391 | +15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,061,215 | €1,229,606 | +€168,391 | +15.9% |
| Amounts payable | 17/49 | €1,250,388 | €1,269,155 | +€18,767 | +1.5% |
| Amounts payable after more than one year | 17 | €366,308 | €324,526 | -€41,782 | -11.4% |
| Financial debts | 170/4 | €366,308 | €324,526 | -€41,782 | -11.4% |
| Amounts payable within one year | 42/48 | €878,399 | €939,968 | +€61,569 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €169,649 | €188,535 | +€18,886 | +11.1% |
| Trade debts | 44 | €496,651 | €582,940 | +€86,289 | +17.4% |
| Suppliers | 440/4 | €496,651 | €582,940 | +€86,289 | +17.4% |
| Taxes, remuneration and social security | 45 | €75,654 | €63,670 | -€11,984 | -15.8% |
| Taxes | 450/3 | €57,564 | €45,154 | -€12,410 | -21.6% |
| Remuneration and social security | 454/9 | €18,090 | €18,516 | +€426 | +2.4% |
| Other amounts payable | 47/48 | €136,445 | €104,823 | -€31,622 | -23.2% |
| Accrued charges and deferred income | 492/3 | €5,681 | €4,661 | -€1,020 | -18.0% |
| Remuneration, social security and pensions | 62 | €94,964 | €88,698 | -€6,266 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,423 | €120,219 | +€33,796 | +39.1% |
| Other operating charges | 640/8 | €4,399 | €4,475 | +€76 | +1.7% |
| Gross operating margin | 9900 | €629,267 | €451,866 | -€177,401 | -28.2% |
| Operating profit (loss) | 9901 | €443,481 | €238,474 | -€205,007 | -46.2% |
| Financial income | 75/76B | €6,134 | €21,015 | +€14,881 | +243% |
| Recurring financial income | 75 | €6,134 | €21,015 | +€14,881 | +243% |
| Financial charges | 65/66B | €36,848 | €17,907 | -€18,941 | -51.4% |
| Recurring financial charges | 65 | €36,848 | €17,907 | -€18,941 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €412,767 | €241,582 | -€171,185 | -41.5% |
| Income taxes | 67/77 | €123,755 | €73,191 | -€50,564 | -40.9% |
| Profit (loss) for the period | 9904 | €289,012 | €168,391 | -€120,621 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €289,012 | €168,391 | -€120,621 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.