HARRY TILLEY: 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.
HARRY TILLEY
Largest movements
- Stocks and contracts +€4,758
up €4,758 (+37.5%), from €12,687 to €17,445
- Receivables within one year +€1,402
up €1,402 (+139.7%), from €1,003 to €2,406
of which Trade receivables: +€2,406
- Tangible fixed assets -€947
down €947 (-32.7%), from €2,897 to €1,950
of which Plant, machinery and equipment: -€539
- Cash -€934
down €934 (-13.7%), from €6,824 to €5,890
mainly Stocks and contracts (-€4,758) and Tax, wage and social debts (-€1,431)
- Profit (loss) carried forward +€103,468
up €103,468 (+66.4%), from -€155,737 to -€52,268
- Reserves -€103,325
down €103,325 (-59.8%), from €172,692 to €69,368
of which Distributable reserves: -€103,325
- Other debts +€5,547
up €5,547 (+2929.4%), from €189 to €5,736
- Tax, wage and social debts -€1,431
down €1,431 (-37.6%), from €3,806 to €2,375
- Gross operating margin -€563
down €563 (-15.4%), from €3,657 to €3,094
- Other operating charges -€216
down €216 (-29.9%), from €725 to €508
- Financial charges -€165
down €165 (-20.0%), from €827 to €662
- Depreciation -€122
down €122 (-6.4%), from €1,902 to €1,780
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 | €29,651 | €33,930 | +€4,279 | +14.4% |
| Fixed assets | 21/28 | €2,897 | €1,950 | -€947 | -32.7% |
| Tangible fixed assets | 22/27 | €2,897 | €1,950 | -€947 | -32.7% |
| Plant, machinery and equipment | 23 | €1,046 | €507 | -€539 | -51.6% |
| Furniture and vehicles | 24 | €1,851 | €1,443 | -€408 | -22.0% |
| Current assets | 29/58 | €26,754 | €31,980 | +€5,226 | +19.5% |
| Stocks and contracts in progress | 3 | €12,687 | €17,445 | +€4,758 | +37.5% |
| Stocks | 30/36 | €12,687 | €17,445 | +€4,758 | +37.5% |
| Amounts receivable within one year | 40/41 | €1,003 | €2,406 | +€1,402 | +139.7% |
| Trade receivables | 40 | - | €2,406 | +€2,406 | |
| Other amounts receivable | 41 | €1,003 | - | -€1,003 | |
| Current investments | 50/53 | €6,240 | €6,240 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,824 | €5,890 | -€934 | -13.7% |
| Total equity and liabilities | 10/49 | €29,651 | €33,930 | +€4,279 | +14.4% |
| Equity | 10/15 | €25,656 | €25,799 | +€143 | +0.6% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €172,692 | €69,368 | -€103,325 | -59.8% |
| Tax-exempt reserves | 132 | €69,368 | €69,368 | = | 0.0% |
| Distributable reserves | 133 | €103,325 | - | -€103,325 | |
| Profit (loss) carried forward | 14 | -€155,737 | -€52,268 | +€103,468 | +66.4% |
| Amounts payable | 17/49 | €3,996 | €8,131 | +€4,135 | +103.5% |
| Amounts payable within one year | 42/48 | €3,996 | €8,131 | +€4,135 | +103.5% |
| Trade debts | 44 | - | €20 | +€20 | |
| Suppliers | 440/4 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €3,806 | €2,375 | -€1,431 | -37.6% |
| Taxes | 450/3 | €3,806 | €2,375 | -€1,431 | -37.6% |
| Other amounts payable | 47/48 | €189 | €5,736 | +€5,547 | +2929.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,902 | €1,780 | -€122 | -6.4% |
| Other operating charges | 640/8 | €725 | €508 | -€216 | -29.9% |
| Gross operating margin | 9900 | €3,657 | €3,094 | -€563 | -15.4% |
| Operating profit (loss) | 9901 | €1,030 | €806 | -€224 | -21.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €827 | €662 | -€165 | -20.0% |
| Recurring financial charges | 65 | €827 | €662 | -€165 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €203 | €143 | -€59 | -29.2% |
| Profit (loss) for the period | 9904 | €203 | €143 | -€59 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €203 | €143 | -€59 | -29.2% |
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 8 October 2026 via checked.be.