AUTOMATISERINGEN VAN THILLO: 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.
AUTOMATISERINGEN VAN THILLO
Largest movements
- Tangible fixed assets -€203,771
down €203,771 (-6.7%), from €3.0m to €2.8m
of which Land and buildings: -€152,608
- Receivables within one year +€48,293
up €48,293 (+166%), from €29,070 to €77,363
of which Trade receivables: +€47,035
- Debts after one year -€158,595
down €158,595 (-6.5%), from €2.4m to €2.3m
- Reserves +€83,649
up €83,649 (+13.0%), from €641,592 to €725,242
of which Distributable reserves: +€83,649
- Current portion of long-term debt -€45,244
down €45,244 (-16.6%), from €272,418 to €227,175
- Financial charges +€31,729
up €31,729 (+32.7%), from €97,113 to €128,842
- Taxes -€8,661
down €8,661 (-23.9%), from €36,295 to €27,634
- Gross operating margin +€8,212
up €8,212 (+1.8%), from €454,019 to €462,231
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 | €4,227,804 | €4,084,641 | -€143,163 | -3.4% |
| Fixed assets | 21/28 | €4,171,201 | €3,967,430 | -€203,771 | -4.9% |
| Tangible fixed assets | 22/27 | €3,025,947 | €2,822,177 | -€203,771 | -6.7% |
| Land and buildings | 22 | €2,201,867 | €2,049,259 | -€152,608 | -6.9% |
| Furniture and vehicles | 24 | €8,424 | €6,189 | -€2,235 | -26.5% |
| Other tangible fixed assets | 26 | €815,656 | €766,729 | -€48,928 | -6.0% |
| Financial fixed assets | 28 | €1,145,253 | €1,145,253 | = | 0.0% |
| Current assets | 29/58 | €56,603 | €117,211 | +€60,608 | +107% |
| Amounts receivable within one year | 40/41 | €29,070 | €77,363 | +€48,293 | +166% |
| Trade receivables | 40 | €25,182 | €72,217 | +€47,035 | +187% |
| Other amounts receivable | 41 | €3,888 | €5,146 | +€1,258 | +32.4% |
| Cash at bank and in hand | 54/58 | €25,994 | €35,176 | +€9,182 | +35.3% |
| Deferred charges and accrued income | 490/1 | €1,539 | €4,672 | +€3,133 | +204% |
| Total equity and liabilities | 10/49 | €4,227,804 | €4,084,641 | -€143,163 | -3.4% |
| Equity | 10/15 | €1,413,492 | €1,497,142 | +€83,649 | +5.9% |
| Contributions | 10/11 | €771,900 | €771,900 | = | 0.0% |
| Reserves | 13 | €641,592 | €725,242 | +€83,649 | +13.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €621,232 | €704,882 | +€83,649 | +13.5% |
| Amounts payable | 17/49 | €2,814,312 | €2,587,500 | -€226,812 | -8.1% |
| Amounts payable after more than one year | 17 | €2,437,047 | €2,278,452 | -€158,595 | -6.5% |
| Financial debts | 170/4 | €2,437,047 | €2,278,452 | -€158,595 | -6.5% |
| Amounts payable within one year | 42/48 | €376,592 | €309,048 | -€67,544 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €272,418 | €227,175 | -€45,244 | -16.6% |
| Trade debts | 44 | €12,154 | €16,955 | +€4,801 | +39.5% |
| Suppliers | 440/4 | €12,154 | €16,955 | +€4,801 | +39.5% |
| Taxes, remuneration and social security | 45 | €53,717 | €49,206 | -€4,511 | -8.4% |
| Taxes | 450/3 | €53,717 | €49,206 | -€4,511 | -8.4% |
| Other amounts payable | 47/48 | €38,302 | €15,712 | -€22,590 | -59.0% |
| Accrued charges and deferred income | 492/3 | €673 | €0 | -€673 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,662 | €203,771 | -€891 | -0.4% |
| Other operating charges | 640/8 | €15,422 | €18,336 | +€2,914 | +18.9% |
| Gross operating margin | 9900 | €454,019 | €462,231 | +€8,212 | +1.8% |
| Operating profit (loss) | 9901 | €233,935 | €240,125 | +€6,190 | +2.6% |
| Financial income | 75/76B | €127 | €0 | -€127 | -99.8% |
| Recurring financial income | 75 | €127 | €0 | -€127 | -99.8% |
| Financial charges | 65/66B | €97,113 | €128,842 | +€31,729 | +32.7% |
| Recurring financial charges | 65 | €97,113 | €128,842 | +€31,729 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €136,949 | €111,283 | -€25,665 | -18.7% |
| Income taxes | 67/77 | €36,295 | €27,634 | -€8,661 | -23.9% |
| Profit (loss) for the period | 9904 | €100,654 | €83,649 | -€17,004 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,654 | €83,649 | -€17,004 | -16.9% |
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 26 October 2026 via checked.be.