BELGIAN TILE CENTRE: 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.
BELGIAN TILE CENTRE
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€42,636
down €42,636 (-31.9%), from €133,631 to €90,996
mainly Short-term financial debts (-€250,000) and Current investments (-€150,000)
- Short-term financial debts -€250,000
down €250,000 (-20.0%), from €1.3m to €1.0m
- Debts after one year +€191,704
new in 2025: €191,704
- Tax, wage and social debts +€49,825
up €49,825 (+177%), from €28,072 to €77,896
of which Remuneration and social security: +€26,079
- Current portion of long-term debt +€46,863
up €46,863, from €0 to €46,863
- Gross operating margin +€81,812
up €81,812 (+14.1%), from €578,574 to €660,387
- Staff costs +€65,712
up €65,712 (+14.9%), from €439,620 to €505,331
- Financial charges -€13,413
down €13,413 (-17.0%), from €79,095 to €65,681
- Depreciation +€8,520
up €8,520 (+79.4%), from €10,734 to €19,253
- Taxes +€6,962
up €6,962 (+41.5%), from €16,784 to €23,746
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 | €3,630,184 | €3,685,493 | +€55,309 | +1.5% |
| Fixed assets | 21/28 | €172,513 | €184,386 | +€11,873 | +6.9% |
| Intangible fixed assets | 21 | €5,594 | €3,925 | -€1,669 | -29.8% |
| Tangible fixed assets | 22/27 | €148,431 | €161,973 | +€13,542 | +9.1% |
| Land and buildings | 22 | €128,457 | €127,292 | -€1,164 | -0.9% |
| Plant, machinery and equipment | 23 | €9,749 | €12,783 | +€3,034 | +31.1% |
| Furniture and vehicles | 24 | €10,226 | €21,897 | +€11,672 | +114% |
| Financial fixed assets | 28 | €18,488 | €18,488 | = | 0.0% |
| Current assets | 29/58 | €3,457,671 | €3,501,107 | +€43,436 | +1.3% |
| Stocks and contracts in progress | 3 | €1,575,834 | €1,541,034 | -€34,800 | -2.2% |
| Stocks | 30/36 | €1,575,834 | €1,541,034 | -€34,800 | -2.2% |
| Amounts receivable within one year | 40/41 | €1,748,206 | €1,719,077 | -€29,128 | -1.7% |
| Trade receivables | 40 | €1,573,449 | €1,651,714 | +€78,265 | +5.0% |
| Other amounts receivable | 41 | €174,756 | €67,363 | -€107,393 | -61.5% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €133,631 | €90,996 | -€42,636 | -31.9% |
| Total equity and liabilities | 10/49 | €3,630,184 | €3,685,493 | +€55,309 | +1.5% |
| Equity | 10/15 | €1,036,823 | €1,068,537 | +€31,714 | +3.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €926,823 | €958,537 | +€31,714 | +3.4% |
| Amounts payable | 17/49 | €2,593,361 | €2,616,956 | +€23,595 | +0.9% |
| Amounts payable after more than one year | 17 | - | €191,704 | +€191,704 | |
| Financial debts | 170/4 | - | €191,704 | +€191,704 | |
| Amounts payable within one year | 42/48 | €2,593,361 | €2,425,252 | -€168,109 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €46,863 | +€46,863 | |
| Financial debts | 43 | €1,250,000 | €1,000,000 | -€250,000 | -20.0% |
| Credit institutions | 430/8 | €1,250,000 | €1,000,000 | -€250,000 | -20.0% |
| Trade debts | 44 | €1,300,548 | €1,283,670 | -€16,878 | -1.3% |
| Suppliers | 440/4 | €1,300,548 | €1,283,670 | -€16,878 | -1.3% |
| Taxes, remuneration and social security | 45 | €28,072 | €77,896 | +€49,825 | +177% |
| Taxes | 450/3 | €0 | €23,746 | +€23,746 | |
| Remuneration and social security | 454/9 | €28,072 | €54,150 | +€26,079 | +92.9% |
| Other amounts payable | 47/48 | €14,742 | €16,823 | +€2,081 | +14.1% |
| Remuneration, social security and pensions | 62 | €439,620 | €505,331 | +€65,712 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €19,253 | +€8,520 | +79.4% |
| Other operating charges | 640/8 | €11,271 | €14,662 | +€3,391 | +30.1% |
| Non-recurring operating charges | 66A | €107 | €0 | -€107 | -100% |
| Gross operating margin | 9900 | €578,574 | €660,387 | +€81,812 | +14.1% |
| Operating profit (loss) | 9901 | €116,843 | €121,140 | +€4,298 | +3.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €79,095 | €65,681 | -€13,413 | -17.0% |
| Recurring financial charges | 65 | €79,095 | €65,681 | -€13,413 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €37,748 | €55,460 | +€17,712 | +46.9% |
| Income taxes | 67/77 | €16,784 | €23,746 | +€6,962 | +41.5% |
| Profit (loss) for the period | 9904 | €20,964 | €31,714 | +€10,749 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,964 | €31,714 | +€10,749 | +51.3% |
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 16 October 2026 via checked.be.