TNL: 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.
TNL
Largest movements
- Cash +€14,233
up €14,233 (+125.5%), from €11,345 to €25,578
mainly Depreciation (+€11,842) and Stocks and contracts (+€2,780)
- Tangible fixed assets -€6,242
down €6,242 (-25.8%), from €24,147 to €17,905
of which Other tangible fixed assets: -€3,556
- Intangible fixed assets -€5,600
down €5,600 (-40.0%), from €14,000 to €8,400
- Stocks and contracts -€2,780
down €2,780 (-62.8%), from €4,430 to €1,650
- Tax, wage and social debts +€2,711
up €2,711 (+19.8%), from €13,696 to €16,407
of which Remuneration and social security: +€3,712
- Accrued charges and deferred income -€2,002
no longer reported in 2025 (was €2,002)
- Trade debts -€812
down €812 (-67.8%), from €1,197 to €385
- Staff costs -€38,120
down €38,120 (-29.4%), from €129,525 to €91,405
- Gross operating margin -€27,177
down €27,177 (-20.3%), from €133,601 to €106,424
- Other operating charges -€1,408
down €1,408 (-60.7%), from €2,321 to €913
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 | €72,854 | €72,672 | -€182 | -0.3% |
| Fixed assets | 21/28 | €46,737 | €34,895 | -€11,842 | -25.3% |
| Intangible fixed assets | 21 | €14,000 | €8,400 | -€5,600 | -40.0% |
| Tangible fixed assets | 22/27 | €24,147 | €17,905 | -€6,242 | -25.8% |
| Plant, machinery and equipment | 23 | €6,508 | €3,956 | -€2,552 | -39.2% |
| Furniture and vehicles | 24 | €134 | - | -€134 | |
| Other tangible fixed assets | 26 | €17,505 | €13,949 | -€3,556 | -20.3% |
| Financial fixed assets | 28 | €8,590 | €8,590 | = | 0.0% |
| Current assets | 29/58 | €26,118 | €37,777 | +€11,659 | +44.6% |
| Stocks and contracts in progress | 3 | €4,430 | €1,650 | -€2,780 | -62.8% |
| Stocks | 30/36 | €4,430 | €1,650 | -€2,780 | -62.8% |
| Amounts receivable within one year | 40/41 | €4,454 | €4,723 | +€269 | +6.0% |
| Trade receivables | 40 | €4,257 | €4,350 | +€93 | +2.2% |
| Other amounts receivable | 41 | €197 | €373 | +€176 | +89.0% |
| Cash at bank and in hand | 54/58 | €11,345 | €25,578 | +€14,233 | +125.5% |
| Deferred charges and accrued income | 490/1 | €5,889 | €5,826 | -€62 | -1.1% |
| Total equity and liabilities | 10/49 | €72,854 | €72,672 | -€182 | -0.3% |
| Equity | 10/15 | -€10,321 | -€10,779 | -€458 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,781 | -€31,239 | -€458 | -1.5% |
| Amounts payable | 17/49 | €83,175 | €83,451 | +€276 | +0.3% |
| Amounts payable within one year | 42/48 | €81,173 | €83,451 | +€2,278 | +2.8% |
| Trade debts | 44 | €1,197 | €385 | -€812 | -67.8% |
| Suppliers | 440/4 | €1,197 | €385 | -€812 | -67.8% |
| Taxes, remuneration and social security | 45 | €13,696 | €16,407 | +€2,711 | +19.8% |
| Taxes | 450/3 | €4,029 | €3,027 | -€1,002 | -24.9% |
| Remuneration and social security | 454/9 | €9,667 | €13,379 | +€3,712 | +38.4% |
| Other amounts payable | 47/48 | €66,280 | €66,659 | +€379 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2,002 | - | -€2,002 | |
| Remuneration, social security and pensions | 62 | €129,525 | €91,405 | -€38,120 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,583 | €11,842 | +€259 | +2.2% |
| Other operating charges | 640/8 | €2,321 | €913 | -€1,408 | -60.7% |
| Gross operating margin | 9900 | €133,601 | €106,424 | -€27,177 | -20.3% |
| Operating profit (loss) | 9901 | -€9,827 | €2,265 | +€12,091 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +3815.4% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +3815.4% |
| Financial charges | 65/66B | €2,549 | €2,733 | +€184 | +7.2% |
| Recurring financial charges | 65 | €2,549 | €2,733 | +€184 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,376 | -€458 | +€11,918 | +96.3% |
| Profit (loss) for the period | 9904 | -€12,376 | -€458 | +€11,918 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,376 | -€458 | +€11,918 | +96.3% |
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 10 October 2026 via checked.be.