e-Tilt: what changed
Two fiscal 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.
e-Tilt
Largest movements
- Cash +€53,746
up €53,746 (+183.6%), from €29,274 to €83,019
mainly Net result for the year (+€51,915) and Tax, wage and social debts (+€4,094)
- Receivables within one year +€2,228
up €2,228 (+29.1%), from €7,645 to €9,872
- Reserves +€40,000
new in 2025: €40,000
- Profit (loss) carried forward +€10,215
up €10,215 (+46.4%), from €22,019 to €32,235
- Tax, wage and social debts +€4,094
up €4,094 (+46.5%), from €8,800 to €12,895
- Other debts +€1,790
up €1,790 (+41.5%), from €4,314 to €6,104
- Gross operating margin +€34,632
up €34,632 (+100.2%), from €34,568 to €69,200
- Taxes +€8,380
up €8,380 (+101.7%), from €8,240 to €16,620
- Depreciation -€2,200
down €2,200 (-84.3%), from €2,609 to €409
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 | €38,363 | €94,500 | +€56,137 | +146.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,416 | €1,483 | +€66 | +4.7% |
| Tangible fixed assets | 22/27 | €1,416 | €1,483 | +€66 | +4.7% |
| Furniture and vehicles | 24 | €1,416 | €1,483 | +€66 | +4.7% |
| Current assets | 29/58 | €36,946 | €93,017 | +€56,071 | +151.8% |
| Amounts receivable within one year | 40/41 | €7,645 | €9,872 | +€2,228 | +29.1% |
| Trade receivables | 40 | €7,645 | €9,872 | +€2,228 | +29.1% |
| Cash at bank and in hand | 54/58 | €29,274 | €83,019 | +€53,746 | +183.6% |
| Deferred charges and accrued income | 490/1 | €28 | €126 | +€98 | +351.9% |
| Total equity and liabilities | 10/49 | €38,363 | €94,500 | +€56,137 | +146.3% |
| Equity | 10/15 | €24,019 | €74,235 | +€50,215 | +209.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €22,019 | €32,235 | +€10,215 | +46.4% |
| Amounts payable | 17/49 | €14,343 | €20,265 | +€5,922 | +41.3% |
| Amounts payable within one year | 42/48 | €13,433 | €20,005 | +€6,572 | +48.9% |
| Trade debts | 44 | €319 | €1,007 | +€688 | +215.7% |
| Suppliers | 440/4 | €319 | €1,007 | +€688 | +215.7% |
| Taxes, remuneration and social security | 45 | €8,800 | €12,895 | +€4,094 | +46.5% |
| Taxes | 450/3 | €8,800 | €12,895 | +€4,094 | +46.5% |
| Other amounts payable | 47/48 | €4,314 | €6,104 | +€1,790 | +41.5% |
| Accrued charges and deferred income | 492/3 | €910 | €260 | -€650 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,609 | €409 | -€2,200 | -84.3% |
| Other operating charges | 640/8 | - | €220 | +€220 | |
| Gross operating margin | 9900 | €34,568 | €69,200 | +€34,632 | +100.2% |
| Operating profit (loss) | 9901 | €31,959 | €68,571 | +€36,612 | +114.6% |
| Financial charges | 65/66B | €0 | €36 | +€36 | +179700.0% |
| Recurring financial charges | 65 | €0 | €36 | +€36 | +179700.0% |
| Profit (loss) for the period before taxes | 9903 | €31,959 | €68,535 | +€36,576 | +114.4% |
| Income taxes | 67/77 | €8,240 | €16,620 | +€8,380 | +101.7% |
| Profit (loss) for the period | 9904 | €23,719 | €51,915 | +€28,196 | +118.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,719 | €51,915 | +€28,196 | +118.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.