TLS TEAM: what changed
Two fiscal 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 TEAM
Largest movements
- Tangible fixed assets -€119,017
down €119,017 (-67.8%), from €175,467 to €56,450
of which Furniture and vehicles: -€108,338
- Receivables within one year +€10,692
up €10,692 (+12.1%), from €88,668 to €99,360
of which Trade receivables: +€41,302
- Stocks and contracts -€7,755
no longer reported in 2025 (was €7,755)
of which Contracts in progress: -€4,500
- Tax, wage and social debts -€55,734
no longer reported in 2025 (was €55,734)
- Other debts -€39,815
no longer reported in 2025 (was €39,815)
- Trade debts -€26,446
down €26,446 (-22.6%), from €116,829 to €90,383
- Profit (loss) carried forward +€7,790
up €7,790 (+20.2%), from €38,573 to €46,363
- Debts after one year -€3,889
no longer reported in 2025 (was €3,889)
- Staff costs -€163,095
no longer reported in 2025 (was €163,095)
- Gross operating margin -€160,312
down €160,312 (-95.4%), from €168,102 to €7,790
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.
Cash bridge derived
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 | €273,904 | €155,810 | -€118,094 | -43.1% |
| Fixed assets | 21/28 | €176,187 | €56,450 | -€119,737 | -68.0% |
| Tangible fixed assets | 22/27 | €175,467 | €56,450 | -€119,017 | -67.8% |
| Land and buildings | 22 | €7,845 | - | -€7,845 | |
| Plant, machinery and equipment | 23 | €2,834 | - | -€2,834 | |
| Furniture and vehicles | 24 | €164,788 | €56,450 | -€108,338 | -65.7% |
| Financial fixed assets | 28 | €720 | - | -€720 | |
| Current assets | 29/58 | €97,717 | €99,360 | +€1,643 | +1.7% |
| Stocks and contracts in progress | 3 | €7,755 | - | -€7,755 | |
| Stocks | 30/36 | €3,255 | - | -€3,255 | |
| Contracts in progress | 37 | €4,500 | - | -€4,500 | |
| Amounts receivable within one year | 40/41 | €88,668 | €99,360 | +€10,692 | +12.1% |
| Trade receivables | 40 | €58,058 | €99,360 | +€41,302 | +71.1% |
| Other amounts receivable | 41 | €30,610 | - | -€30,610 | |
| Cash at bank and in hand | 54/58 | €1,294 | - | -€1,294 | |
| Total equity and liabilities | 10/49 | €273,904 | €155,810 | -€118,094 | -43.1% |
| Equity | 10/15 | €57,637 | €65,427 | +€7,790 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €464 | €464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €464 | €464 | = | 0.0% |
| Reserves not available under the articles | 1311 | €464 | €464 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,573 | €46,363 | +€7,790 | +20.2% |
| Amounts payable | 17/49 | €216,267 | €90,383 | -€125,884 | -58.2% |
| Amounts payable after more than one year | 17 | €3,889 | - | -€3,889 | |
| Financial debts | 170/4 | €3,889 | - | -€3,889 | |
| Amounts payable within one year | 42/48 | €212,378 | €90,383 | -€121,995 | -57.4% |
| Trade debts | 44 | €116,829 | €90,383 | -€26,446 | -22.6% |
| Suppliers | 440/4 | €116,829 | €90,383 | -€26,446 | -22.6% |
| Taxes, remuneration and social security | 45 | €55,734 | - | -€55,734 | |
| Taxes | 450/3 | €55,734 | - | -€55,734 | |
| Other amounts payable | 47/48 | €39,815 | - | -€39,815 | |
| Remuneration, social security and pensions | 62 | €163,095 | - | -€163,095 | |
| Other operating charges | 640/8 | €1,283 | - | -€1,283 | |
| Gross operating margin | 9900 | €168,102 | €7,790 | -€160,312 | -95.4% |
| Operating profit (loss) | 9901 | €3,724 | €7,790 | +€4,066 | +109.2% |
| Profit (loss) for the period before taxes | 9903 | €3,724 | €7,790 | +€4,066 | +109.2% |
| Profit (loss) for the period | 9904 | €3,724 | €7,790 | +€4,066 | +109.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,724 | €7,790 | +€4,066 | +109.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.