JACKY TILFF: 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.
JACKY TILFF
Largest movements
- Cash -€87,718
down €87,718 (-40.3%), from €217,780 to €130,062
mainly Other debts (-€97,000) and Debts after one year (-€40,538)
- Tangible fixed assets -€31,514
down €31,514 (-15.1%), from €208,513 to €176,999
of which Other tangible fixed assets: -€26,789
- Deferred charges and accrued income -€9,416
down €9,416 (-100.0%), from €9,416 to €0
- Receivables within one year +€9,164
up €9,164 (+12.6%), from €72,447 to €81,611
of which Other amounts receivable: +€7,546
- Other debts -€97,000
down €97,000 (-100.0%), from €97,015 to €15
- Reserves +€55,000
new in 2025: €55,000
- Debts after one year -€40,538
down €40,538 (-25.7%), from €157,889 to €117,351
- Profit (loss) carried forward -€27,733
down €27,733 (-96.4%), from €28,761 to €1,029
- Trade debts -€16,800
down €16,800 (-22.8%), from €73,839 to €57,038
- Gross operating margin -€111,805
down €111,805 (-21.3%), from €524,363 to €412,558
- Staff costs -€20,583
down €20,583 (-6.2%), from €331,357 to €310,773
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 | €527,579 | €405,583 | -€121,995 | -23.1% |
| Formation expenses | 20 | €6,949 | €2,972 | -€3,977 | -57.2% |
| Fixed assets | 21/28 | €210,013 | €178,499 | -€31,514 | -15.0% |
| Tangible fixed assets | 22/27 | €208,513 | €176,999 | -€31,514 | -15.1% |
| Plant, machinery and equipment | 23 | €20,786 | €18,440 | -€2,347 | -11.3% |
| Furniture and vehicles | 24 | €3,973 | €1,595 | -€2,378 | -59.9% |
| Other tangible fixed assets | 26 | €183,754 | €156,964 | -€26,789 | -14.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €310,617 | €224,113 | -€86,504 | -27.8% |
| Stocks and contracts in progress | 3 | €10,973 | €12,439 | +€1,466 | +13.4% |
| Stocks | 30/36 | €10,973 | €12,439 | +€1,466 | +13.4% |
| Amounts receivable within one year | 40/41 | €72,447 | €81,611 | +€9,164 | +12.6% |
| Trade receivables | 40 | €775 | €2,394 | +€1,618 | +208.7% |
| Other amounts receivable | 41 | €71,672 | €79,217 | +€7,546 | +10.5% |
| Cash at bank and in hand | 54/58 | €217,780 | €130,062 | -€87,718 | -40.3% |
| Deferred charges and accrued income | 490/1 | €9,416 | €0 | -€9,416 | -100.0% |
| Total equity and liabilities | 10/49 | €527,579 | €405,583 | -€121,995 | -23.1% |
| Equity | 10/15 | €78,761 | €106,029 | +€27,267 | +34.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €55,000 | +€55,000 | |
| Distributable reserves | 133 | - | €55,000 | +€55,000 | |
| Profit (loss) carried forward | 14 | €28,761 | €1,029 | -€27,733 | -96.4% |
| Amounts payable | 17/49 | €448,817 | €299,555 | -€149,263 | -33.3% |
| Amounts payable after more than one year | 17 | €157,889 | €117,351 | -€40,538 | -25.7% |
| Financial debts | 170/4 | €157,889 | €117,351 | -€40,538 | -25.7% |
| Amounts payable within one year | 42/48 | €290,929 | €181,881 | -€109,047 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €45,285 | €45,939 | +€654 | +1.4% |
| Financial debts | 43 | €6,994 | €6,660 | -€335 | -4.8% |
| Credit institutions | 430/8 | €6,994 | €6,660 | -€335 | -4.8% |
| Trade debts | 44 | €73,839 | €57,038 | -€16,800 | -22.8% |
| Suppliers | 440/4 | €73,839 | €57,038 | -€16,800 | -22.8% |
| Advances received on contracts in progress | 46 | €156 | €0 | -€156 | -100.0% |
| Taxes, remuneration and social security | 45 | €67,640 | €72,229 | +€4,590 | +6.8% |
| Taxes | 450/3 | €32,283 | €37,389 | +€5,107 | +15.8% |
| Remuneration and social security | 454/9 | €35,357 | €34,840 | -€517 | -1.5% |
| Other amounts payable | 47/48 | €97,015 | €15 | -€97,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €322 | +€322 | |
| Remuneration, social security and pensions | 62 | €331,357 | €310,773 | -€20,583 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,203 | €44,657 | +€454 | +1.0% |
| Other operating charges | 640/8 | €3,639 | €5,565 | +€1,926 | +52.9% |
| Gross operating margin | 9900 | €524,363 | €412,558 | -€111,805 | -21.3% |
| Operating profit (loss) | 9901 | €145,165 | €51,563 | -€93,602 | -64.5% |
| Financial income | 75/76B | €1,002 | €1,302 | +€300 | +29.9% |
| Recurring financial income | 75 | €1,002 | €1,302 | +€300 | +29.9% |
| Financial charges | 65/66B | €13,308 | €13,332 | +€24 | +0.2% |
| Recurring financial charges | 65 | €13,308 | €13,332 | +€24 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €132,859 | €39,533 | -€93,326 | -70.2% |
| Income taxes | 67/77 | €15,771 | €12,265 | -€3,506 | -22.2% |
| Profit (loss) for the period | 9904 | €117,087 | €27,267 | -€89,820 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €117,087 | €27,267 | -€89,820 | -76.7% |
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 4 October 2026 via checked.be.