TLS-EXPRESS: 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.
TLS-EXPRESS
Largest movements
- Cash +€368,230
up €368,230 (+262%), from €140,705 to €508,935
mainly Trade debts (+€1.1m) and Depreciation (+€61,955)
- Receivables within one year +€181,645
up €181,645 (+29.1%), from €625,198 to €806,844
of which Other amounts receivable: +€232,624
- Tangible fixed assets -€61,955
down €61,955 (-51.2%), from €121,092 to €59,138
of which Furniture and vehicles: -€60,540
- Trade debts +€1.1m
up €1.1m (+61.3%), from €1.7m to €2.8m
- Profit (loss) carried forward -€539,730
down €539,730 (-52.8%), from -€1.0m to -€1.6m
- Tax, wage and social debts -€28,752
down €28,752 (-17.0%), from €168,771 to €140,018
of which Remuneration and social security: -€33,313
- Staff costs -€733,765
down €733,765 (-36.5%), from €2.0m to €1.3m
- Gross operating margin -€301,264
down €301,264 (-26.7%), from €1.1m to €826,315
- Other operating charges -€181,617
down €181,617 (-93.7%), from €193,816 to €12,199
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 | €982,733 | €1,478,574 | +€495,841 | +50.5% |
| Fixed assets | 21/28 | €129,292 | €70,138 | -€59,155 | -45.8% |
| Tangible fixed assets | 22/27 | €121,092 | €59,138 | -€61,955 | -51.2% |
| Furniture and vehicles | 24 | €115,639 | €55,099 | -€60,540 | -52.4% |
| Other tangible fixed assets | 26 | €5,453 | €4,038 | -€1,415 | -25.9% |
| Financial fixed assets | 28 | €8,200 | €11,000 | +€2,800 | +34.1% |
| Current assets | 29/58 | €853,441 | €1,408,436 | +€554,995 | +65.0% |
| Amounts receivable within one year | 40/41 | €625,198 | €806,844 | +€181,645 | +29.1% |
| Trade receivables | 40 | €403,773 | €352,794 | -€50,979 | -12.6% |
| Other amounts receivable | 41 | €221,426 | €454,050 | +€232,624 | +105% |
| Cash at bank and in hand | 54/58 | €140,705 | €508,935 | +€368,230 | +262% |
| Deferred charges and accrued income | 490/1 | €87,537 | €92,657 | +€5,120 | +5.8% |
| Total equity and liabilities | 10/49 | €982,733 | €1,478,574 | +€495,841 | +50.5% |
| Equity | 10/15 | -€922,339 | -€1,462,068 | -€539,730 | -58.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €100,000 | +€100,000 | |
| Other | 1109/19 | - | €100,000 | +€100,000 | |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,022,339 | -€1,562,068 | -€539,730 | -52.8% |
| Amounts payable | 17/49 | €1,905,072 | €2,940,642 | +€1.0m | +54.4% |
| Amounts payable within one year | 42/48 | €1,904,852 | €2,940,642 | +€1.0m | +54.4% |
| Trade debts | 44 | €1,736,082 | €2,800,624 | +€1.1m | +61.3% |
| Suppliers | 440/4 | €1,736,082 | €2,800,624 | +€1.1m | +61.3% |
| Taxes, remuneration and social security | 45 | €168,771 | €140,018 | -€28,752 | -17.0% |
| Taxes | 450/3 | €3,828 | €8,388 | +€4,560 | +119% |
| Remuneration and social security | 454/9 | €164,942 | €131,630 | -€33,313 | -20.2% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Remuneration, social security and pensions | 62 | €2,010,651 | €1,276,887 | -€733,765 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,783 | €61,955 | +€8,172 | +15.2% |
| Other operating charges | 640/8 | €193,816 | €12,199 | -€181,617 | -93.7% |
| Non-recurring operating charges | 66A | - | €42 | +€42 | |
| Gross operating margin | 9900 | €1,127,579 | €826,315 | -€301,264 | -26.7% |
| Operating profit (loss) | 9901 | -€1,130,671 | -€524,767 | +€605,904 | +53.6% |
| Financial income | 75/76B | €4,297 | €129 | -€4,168 | -97.0% |
| Recurring financial income | 75 | €4,297 | €129 | -€4,168 | -97.0% |
| Financial charges | 65/66B | €11,406 | €15,092 | +€3,686 | +32.3% |
| Recurring financial charges | 65 | €11,406 | €15,092 | +€3,686 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,137,780 | -€539,730 | +€598,050 | +52.6% |
| Income taxes | 67/77 | €573 | - | -€573 | |
| Profit (loss) for the period | 9904 | -€1,138,353 | -€539,730 | +€598,623 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,138,353 | -€539,730 | +€598,623 | +52.6% |
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 24 October 2026 via checked.be.