TLT LOGISTICS: 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.
TLT LOGISTICS
Largest movements
- Receivables within one year -€137,607
down €137,607 (-55.8%), from €246,709 to €109,102
of which Trade receivables: -€158,580
- Tangible fixed assets -€28,646
down €28,646 (-63.9%), from €44,829 to €16,183
- Stocks and contracts -€16,493
down €16,493 (-35.5%), from €46,500 to €30,007
- Financial fixed assets -€5,205
down €5,205 (-80.1%), from €6,500 to €1,295
- Trade debts -€190,229
no longer reported in 2025 (was €190,229)
- Other debts +€101,921
up €101,921 (+1,111%), from €9,175 to €111,096
- Profit (loss) carried forward -€44,094
down €44,094 (-186%), from -€23,673 to -€67,767
- Debts after one year -€42,771
down €42,771 (-72.5%), from €58,973 to €16,202
- Tax, wage and social debts -€13,937
down €13,937 (-81.7%), from €17,069 to €3,132
of which Remuneration and social security: -€15,883
- Gross operating margin -€65,727
down €65,727, from €46,814 to -€18,913
- Depreciation -€9,492
down €9,492 (-54.4%), from €17,435 to €7,942
- Financial charges +€6,642
up €6,642 (+72.7%), from €9,133 to €15,774
- Taxes -€6,173
no longer reported in 2025 (was €6,173)
- Financial income +€608
up €608 (+812%), from €75 to €683
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 | €347,557 | €161,704 | -€185,853 | -53.5% |
| Fixed assets | 21/28 | €51,329 | €17,478 | -€33,851 | -65.9% |
| Tangible fixed assets | 22/27 | €44,829 | €16,183 | -€28,646 | -63.9% |
| Leasing and similar rights | 25 | €44,829 | €16,183 | -€28,646 | -63.9% |
| Financial fixed assets | 28 | €6,500 | €1,295 | -€5,205 | -80.1% |
| Current assets | 29/58 | €296,229 | €144,226 | -€152,003 | -51.3% |
| Stocks and contracts in progress | 3 | €46,500 | €30,007 | -€16,493 | -35.5% |
| Stocks | 30/36 | €46,500 | €30,007 | -€16,493 | -35.5% |
| Amounts receivable within one year | 40/41 | €246,709 | €109,102 | -€137,607 | -55.8% |
| Trade receivables | 40 | €246,516 | €87,936 | -€158,580 | -64.3% |
| Other amounts receivable | 41 | €193 | €21,166 | +€20,973 | +10,890% |
| Cash at bank and in hand | 54/58 | €2,815 | €4,652 | +€1,838 | +65.3% |
| Deferred charges and accrued income | 490/1 | €205 | €465 | +€260 | +127% |
| Total equity and liabilities | 10/49 | €347,557 | €161,704 | -€185,853 | -53.5% |
| Equity | 10/15 | -€17,673 | -€61,767 | -€44,094 | -249% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,673 | -€67,767 | -€44,094 | -186% |
| Amounts payable | 17/49 | €365,230 | €223,471 | -€141,760 | -38.8% |
| Amounts payable after more than one year | 17 | €58,973 | €16,202 | -€42,771 | -72.5% |
| Financial debts | 170/4 | €58,973 | €16,202 | -€42,771 | -72.5% |
| Amounts payable within one year | 42/48 | €305,608 | €203,993 | -€101,615 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €24,306 | €25,442 | +€1,136 | +4.7% |
| Financial debts | 43 | €64,829 | €64,323 | -€506 | -0.8% |
| Credit institutions | 430/8 | €64,829 | €64,323 | -€506 | -0.8% |
| Trade debts | 44 | €190,229 | - | -€190,229 | |
| Suppliers | 440/4 | €190,229 | - | -€190,229 | |
| Taxes, remuneration and social security | 45 | €17,069 | €3,132 | -€13,937 | -81.7% |
| Taxes | 450/3 | €1,186 | €3,132 | +€1,946 | +164% |
| Remuneration and social security | 454/9 | €15,883 | - | -€15,883 | |
| Other amounts payable | 47/48 | €9,175 | €111,096 | +€101,921 | +1,111% |
| Accrued charges and deferred income | 492/3 | €649 | €3,275 | +€2,626 | +405% |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,435 | €7,942 | -€9,492 | -54.4% |
| Other operating charges | 640/8 | €2,419 | €2,147 | -€271 | -11.2% |
| Gross operating margin | 9900 | €46,814 | -€18,913 | -€65,727 | |
| Operating profit (loss) | 9901 | €26,944 | -€29,003 | -€55,946 | |
| Financial income | 75/76B | €75 | €683 | +€608 | +812% |
| Recurring financial income | 75 | €75 | €683 | +€608 | +812% |
| Financial charges | 65/66B | €9,133 | €15,774 | +€6,642 | +72.7% |
| Recurring financial charges | 65 | €9,133 | €15,774 | +€6,642 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €17,886 | -€44,094 | -€61,979 | |
| Income taxes | 67/77 | €6,173 | - | -€6,173 | |
| Profit (loss) for the period | 9904 | €11,712 | -€44,094 | -€55,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,712 | -€44,094 | -€55,806 |
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 15 October 2026 via checked.be.