TLV Consult: 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.
TLV Consult
Largest movements
- Receivables within one year -€760,711
down €760,711 (-74.3%), from €1.0m to €262,668
of which Trade receivables: -€719,940
- Cash +€184,045
up €184,045 (+63.3%), from €290,660 to €474,706
mainly Receivables within one year (+€760,711) and Net result for the year (+€387,918)
- Stocks and contracts -€45,696
down €45,696 (-43.0%), from €106,200 to €60,504
- Deferred charges and accrued income -€25,163
down €25,163 (-91.1%), from €27,621 to €2,458
- Trade debts -€421,635
down €421,635 (-65.8%), from €640,930 to €219,295
- Tax, wage and social debts -€154,099
down €154,099 (-59.7%), from €258,044 to €103,945
of which Taxes: -€157,500
- Other debts -€78,066
down €78,066 (-17.0%), from €460,151 to €382,085
- Gross operating margin -€68,144
down €68,144 (-13.1%), from €521,683 to €453,540
- Staff costs +€15,734
up €15,734 (+35.1%), from €44,798 to €60,531
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,448,930 | €801,048 | -€647,883 | -44.7% |
| Fixed assets | 21/28 | €1,070 | €712 | -€358 | -33.5% |
| Tangible fixed assets | 22/27 | €790 | €432 | -€358 | -45.3% |
| Furniture and vehicles | 24 | €790 | €432 | -€358 | -45.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €1,447,860 | €800,336 | -€647,525 | -44.7% |
| Stocks and contracts in progress | 3 | €106,200 | €60,504 | -€45,696 | -43.0% |
| Stocks | 30/36 | €106,200 | €60,504 | -€45,696 | -43.0% |
| Amounts receivable within one year | 40/41 | €1,023,379 | €262,668 | -€760,711 | -74.3% |
| Trade receivables | 40 | €982,439 | €262,499 | -€719,940 | -73.3% |
| Other amounts receivable | 41 | €40,940 | €169 | -€40,770 | -99.6% |
| Cash at bank and in hand | 54/58 | €290,660 | €474,706 | +€184,045 | +63.3% |
| Deferred charges and accrued income | 490/1 | €27,621 | €2,458 | -€25,163 | -91.1% |
| Total equity and liabilities | 10/49 | €1,448,930 | €801,048 | -€647,883 | -44.7% |
| Equity | 10/15 | €89,805 | €95,723 | +€5,918 | +6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,213 | €77,131 | +€5,918 | +8.3% |
| Distributable reserves | 133 | €71,213 | €77,131 | +€5,918 | +8.3% |
| Amounts payable | 17/49 | €1,359,125 | €705,325 | -€653,800 | -48.1% |
| Amounts payable within one year | 42/48 | €1,359,125 | €705,325 | -€653,800 | -48.1% |
| Trade debts | 44 | €640,930 | €219,295 | -€421,635 | -65.8% |
| Suppliers | 440/4 | €640,930 | €219,295 | -€421,635 | -65.8% |
| Taxes, remuneration and social security | 45 | €258,044 | €103,945 | -€154,099 | -59.7% |
| Taxes | 450/3 | €252,995 | €95,495 | -€157,500 | -62.3% |
| Remuneration and social security | 454/9 | €5,049 | €8,450 | +€3,401 | +67.4% |
| Other amounts payable | 47/48 | €460,151 | €382,085 | -€78,066 | -17.0% |
| Remuneration, social security and pensions | 62 | €44,798 | €60,531 | +€15,734 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €358 | +€90 | +33.3% |
| Other operating charges | 640/8 | €760 | €975 | +€216 | +28.4% |
| Gross operating margin | 9900 | €521,683 | €453,540 | -€68,144 | -13.1% |
| Operating profit (loss) | 9901 | €475,858 | €391,675 | -€84,183 | -17.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10,000% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10,000% |
| Financial charges | 65/66B | €1,616 | €238 | -€1,378 | -85.3% |
| Recurring financial charges | 65 | €1,616 | €238 | -€1,378 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €474,241 | €391,438 | -€82,804 | -17.5% |
| Income taxes | 67/77 | €4,060 | €3,520 | -€540 | -13.3% |
| Profit (loss) for the period | 9904 | €470,181 | €387,918 | -€82,263 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €470,181 | €387,918 | -€82,263 | -17.5% |
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 13 October 2026 via checked.be.