SUB - TILLIA: 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.
SUB - TILLIA
Largest movements
- Financial fixed assets +€252,169
up €252,169 (+110%), from €229,151 to €481,320
- Tangible fixed assets +€146,714
up €146,714 (+47.1%), from €311,824 to €458,538
of which Land and buildings: +€160,387
- Cash +€80,901
up €80,901 (+1,444%), from €5,602 to €86,504
mainly Other debts (+€353,899) and Net result for the year (+€121,201)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Receivables within one year +€55,987
up €55,987 (+59.8%), from €93,683 to €149,670
of which Other amounts receivable: +€29,197
- Other debts +€353,899
up €353,899 (+834%), from €42,416 to €396,315
- Debts after one year +€92,010
up €92,010 (+32.2%), from €285,603 to €377,613
- Trade debts +€35,317
up €35,317 (+412%), from €8,562 to €43,879
- Tax, wage and social debts -€24,137
down €24,137 (-32.0%), from €75,333 to €51,197
of which Taxes: -€14,165
- Current portion of long-term debt +€15,476
up €15,476 (+26.1%), from €59,328 to €74,804
- Staff costs -€44,919
down €44,919 (-25.4%), from €176,682 to €131,762
- Gross operating margin +€20,623
up €20,623 (+5.7%), from €362,232 to €382,855
- Depreciation +€16,435
up €16,435 (+59.0%), from €27,876 to €44,310
- Financial charges +€14,403
up €14,403 (+118%), from €12,196 to €26,599
- Taxes +€14,130
up €14,130 (+30.3%), from €46,645 to €60,775
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 | €740,896 | €1,199,110 | +€458,214 | +61.8% |
| Fixed assets | 21/28 | €540,975 | €939,858 | +€398,883 | +73.7% |
| Tangible fixed assets | 22/27 | €311,824 | €458,538 | +€146,714 | +47.1% |
| Land and buildings | 22 | €237,146 | €397,533 | +€160,387 | +67.6% |
| Plant, machinery and equipment | 23 | €1,249 | €1,062 | -€187 | -15.0% |
| Furniture and vehicles | 24 | €73,429 | €59,943 | -€13,486 | -18.4% |
| Financial fixed assets | 28 | €229,151 | €481,320 | +€252,169 | +110% |
| Current assets | 29/58 | €199,921 | €259,252 | +€59,331 | +29.7% |
| Amounts receivable after more than one year | 29 | €25,302 | €19,521 | -€5,780 | -22.8% |
| Other amounts receivable | 291 | €25,302 | €19,521 | -€5,780 | -22.8% |
| Amounts receivable within one year | 40/41 | €93,683 | €149,670 | +€55,987 | +59.8% |
| Trade receivables | 40 | €62,342 | €89,131 | +€26,789 | +43.0% |
| Other amounts receivable | 41 | €31,342 | €60,539 | +€29,197 | +93.2% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €5,602 | €86,504 | +€80,901 | +1,444% |
| Deferred charges and accrued income | 490/1 | €5,334 | €3,557 | -€1,776 | -33.3% |
| Total equity and liabilities | 10/49 | €740,896 | €1,199,110 | +€458,214 | +61.8% |
| Equity | 10/15 | €269,473 | €255,302 | -€14,171 | -5.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €259,473 | €245,302 | -€14,171 | -5.5% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €256,473 | €242,302 | -€14,171 | -5.5% |
| Amounts payable | 17/49 | €471,423 | €943,808 | +€472,385 | +100% |
| Amounts payable after more than one year | 17 | €285,603 | €377,613 | +€92,010 | +32.2% |
| Financial debts | 170/4 | €285,603 | €377,613 | +€92,010 | +32.2% |
| Amounts payable within one year | 42/48 | €185,639 | €566,195 | +€380,556 | +205% |
| Current portion of amounts payable after more than one year | 42 | €59,328 | €74,804 | +€15,476 | +26.1% |
| Trade debts | 44 | €8,562 | €43,879 | +€35,317 | +412% |
| Suppliers | 440/4 | €8,562 | €43,879 | +€35,317 | +412% |
| Taxes, remuneration and social security | 45 | €75,333 | €51,197 | -€24,137 | -32.0% |
| Taxes | 450/3 | €53,480 | €39,315 | -€14,165 | -26.5% |
| Remuneration and social security | 454/9 | €21,853 | €11,882 | -€9,971 | -45.6% |
| Other amounts payable | 47/48 | €42,416 | €396,315 | +€353,899 | +834% |
| Accrued charges and deferred income | 492/3 | €181 | - | -€181 | |
| Remuneration, social security and pensions | 62 | €176,682 | €131,762 | -€44,919 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,876 | €44,310 | +€16,435 | +59.0% |
| Other operating charges | 640/8 | €565 | €443 | -€122 | -21.5% |
| Gross operating margin | 9900 | €362,232 | €382,855 | +€20,623 | +5.7% |
| Operating profit (loss) | 9901 | €157,110 | €206,339 | +€49,230 | +31.3% |
| Financial income | 75/76B | €995 | €2,236 | +€1,241 | +125% |
| Recurring financial income | 75 | €995 | €2,236 | +€1,241 | +125% |
| Financial charges | 65/66B | €12,196 | €26,599 | +€14,403 | +118% |
| Recurring financial charges | 65 | €12,196 | €26,599 | +€14,403 | +118% |
| Profit (loss) for the period before taxes | 9903 | €145,908 | €181,976 | +€36,068 | +24.7% |
| Income taxes | 67/77 | €46,645 | €60,775 | +€14,130 | +30.3% |
| Profit (loss) for the period | 9904 | €99,263 | €121,201 | +€21,938 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,263 | €121,201 | +€21,938 | +22.1% |
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 19 October 2026 via checked.be.