TLS SRL: 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 SRL
Largest movements
- Tangible fixed assets -€9,529
down €9,529 (-22.8%), from €41,824 to €32,295
of which Furniture and vehicles: -€7,950
- Cash +€5,111
up €5,111 (+5.9%), from €87,089 to €92,200
mainly Net result for the year (+€33,745) and Other debts (+€26,055)
- Receivables within one year -€3,365
down €3,365 (-20.2%), from €16,641 to €13,275
of which Other amounts receivable: -€2,700
- Trade debts -€34,136
down €34,136 (-98.3%), from €34,710 to €574
- Other debts +€26,055
up €26,055 (+36.1%), from €72,264 to €98,319
- Tax, wage and social debts +€3,004
up €3,004 (+46.8%), from €6,421 to €9,425
- Current portion of long-term debt -€1,854
down €1,854 (-15.2%), from €12,228 to €10,374
- Gross operating margin +€19,292
up €19,292 (+48.3%), from €39,905 to €59,198
- Depreciation +€10,113
up €10,113 (+341%), from €2,962 to €13,075
- Taxes +€2,470
up €2,470 (+31.7%), from €7,791 to €10,261
- Financial charges -€761
down €761 (-71.2%), from €1,068 to €307
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 | €147,657 | €141,098 | -€6,560 | -4.4% |
| Fixed assets | 21/28 | €41,824 | €32,295 | -€9,529 | -22.8% |
| Tangible fixed assets | 22/27 | €41,824 | €32,295 | -€9,529 | -22.8% |
| Furniture and vehicles | 24 | €34,316 | €26,366 | -€7,950 | -23.2% |
| Other tangible fixed assets | 26 | €7,508 | €5,929 | -€1,579 | -21.0% |
| Current assets | 29/58 | €105,833 | €108,803 | +€2,969 | +2.8% |
| Amounts receivable within one year | 40/41 | €16,641 | €13,275 | -€3,365 | -20.2% |
| Trade receivables | 40 | €11,732 | €11,067 | -€666 | -5.7% |
| Other amounts receivable | 41 | €4,909 | €2,209 | -€2,700 | -55.0% |
| Cash at bank and in hand | 54/58 | €87,089 | €92,200 | +€5,111 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,103 | €3,327 | +€1,224 | +58.2% |
| Total equity and liabilities | 10/49 | €147,657 | €141,098 | -€6,560 | -4.4% |
| Equity | 10/15 | €21,661 | €22,406 | +€745 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,201 | €1,946 | +€745 | +62.0% |
| Amounts payable | 17/49 | €125,996 | €118,691 | -€7,305 | -5.8% |
| Amounts payable after more than one year | 17 | €374 | €0 | -€374 | -100% |
| Financial debts | 170/4 | €374 | €0 | -€374 | -100% |
| Amounts payable within one year | 42/48 | €125,622 | €118,691 | -€6,931 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €12,228 | €10,374 | -€1,854 | -15.2% |
| Trade debts | 44 | €34,710 | €574 | -€34,136 | -98.3% |
| Suppliers | 440/4 | €34,710 | €574 | -€34,136 | -98.3% |
| Taxes, remuneration and social security | 45 | €6,421 | €9,425 | +€3,004 | +46.8% |
| Taxes | 450/3 | €6,421 | €9,425 | +€3,004 | +46.8% |
| Other amounts payable | 47/48 | €72,264 | €98,319 | +€26,055 | +36.1% |
| Non-recurring operating income | 76A | - | €472 | +€472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €13,075 | +€10,113 | +341% |
| Other operating charges | 640/8 | €1,734 | €1,810 | +€76 | +4.4% |
| Gross operating margin | 9900 | €39,905 | €59,198 | +€19,292 | +48.3% |
| Operating profit (loss) | 9901 | €35,210 | €44,313 | +€9,103 | +25.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,068 | €307 | -€761 | -71.2% |
| Recurring financial charges | 65 | €1,068 | €307 | -€761 | -71.2% |
| Profit (loss) for the period before taxes | 9903 | €34,143 | €44,006 | +€9,863 | +28.9% |
| Income taxes | 67/77 | €7,791 | €10,261 | +€2,470 | +31.7% |
| Profit (loss) for the period | 9904 | €26,352 | €33,745 | +€7,393 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,352 | €33,745 | +€7,393 | +28.1% |
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 18 October 2026 via checked.be.