TLT GROUP: 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.
TLT GROUP
Largest movements
- Tangible fixed assets -€792
down €792 (-42.5%), from €1,864 to €1,072
of which Furniture and vehicles: -€511
- Cash -€417
down €417 (-96.2%), from €433 to €16
mainly Net result for the year (-€1,747) and Trade debts (-€90)
- Receivables within one year -€162
down €162 (-55.3%), from €292 to €131
- Profit (loss) carried forward -€1,747
down €1,747 (-4.8%), from -€36,375 to -€38,121
- Other debts +€466
up €466 (+1.3%), from €36,939 to €37,405
- Trade debts -€90
no longer reported in 2025 (was €90)
- Purchases and services -€1,462
down €1,462 (-30.0%), from €4,866 to €3,404
- Gross operating margin +€1,195
up €1,195 (+58.1%), from -€2,056 to -€861
- Depreciation -€407
down €407 (-33.9%), from €1,199 to €792
- Turnover -€267
down €267 (-9.5%), from €2,810 to €2,543
- Financial charges +€37
up €37 (+64.3%), from €57 to €94
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 | €3,154 | €1,783 | -€1,370 | -43.5% |
| Fixed assets | 21/28 | €1,864 | €1,072 | -€792 | -42.5% |
| Tangible fixed assets | 22/27 | €1,864 | €1,072 | -€792 | -42.5% |
| Plant, machinery and equipment | 23 | €158 | - | -€158 | |
| Furniture and vehicles | 24 | €967 | €456 | -€511 | -52.9% |
| Other tangible fixed assets | 26 | €739 | €616 | -€122 | -16.6% |
| Current assets | 29/58 | €1,289 | €711 | -€578 | -44.8% |
| Stocks and contracts in progress | 3 | €564 | €564 | = | 0.0% |
| Stocks | 30/36 | €564 | €564 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292 | €131 | -€162 | -55.3% |
| Other amounts receivable | 41 | €292 | €131 | -€162 | -55.3% |
| Cash at bank and in hand | 54/58 | €433 | €16 | -€417 | -96.2% |
| Total equity and liabilities | 10/49 | €3,154 | €1,783 | -€1,370 | -43.5% |
| Equity | 10/15 | -€33,875 | -€35,621 | -€1,747 | -5.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,375 | -€38,121 | -€1,747 | -4.8% |
| Amounts payable | 17/49 | €37,028 | €37,405 | +€376 | +1.0% |
| Amounts payable within one year | 42/48 | €37,028 | €37,405 | +€376 | +1.0% |
| Trade debts | 44 | €90 | - | -€90 | |
| Suppliers | 440/4 | €90 | - | -€90 | |
| Other amounts payable | 47/48 | €36,939 | €37,405 | +€466 | +1.3% |
| Turnover | 70 | €2,810 | €2,543 | -€267 | -9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,866 | €3,404 | -€1,462 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €792 | -€407 | -33.9% |
| Gross operating margin | 9900 | -€2,056 | -€861 | +€1,195 | +58.1% |
| Operating profit (loss) | 9901 | -€3,255 | -€1,653 | +€1,602 | +49.2% |
| Financial charges | 65/66B | €57 | €94 | +€37 | +64.3% |
| Recurring financial charges | 65 | €57 | €94 | +€37 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,312 | -€1,747 | +€1,565 | +47.3% |
| Profit (loss) for the period | 9904 | -€3,312 | -€1,747 | +€1,565 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,312 | -€1,747 | +€1,565 | +47.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.