Tijl Projects: 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.
Tijl Projects
Largest movements
- Receivables within one year -€12,648
down €12,648 (-53.0%), from €23,867 to €11,219
of which Trade receivables: -€14,577
- Cash -€9,427
down €9,427 (-45.4%), from €20,743 to €11,317
mainly Contributions, distributions and other (-€17,647) and Advances received (-€7,832)
- Advances received -€7,832
down €7,832 (-100.0%), from €7,832 to €0
- Tax, wage and social debts -€6,025
down €6,025 (-100.0%), from €6,025 to €0
- Trade debts -€4,774
down €4,774 (-89.8%), from €5,316 to €542
- Profit (loss) carried forward -€3,379
down €3,379 (-14.6%), from €23,175 to €19,795
- Gross operating margin -€10,040
down €10,040 (-31.9%), from €31,460 to €21,420
- Taxes -€2,097
down €2,097 (-34.8%), from €6,025 to €3,929
- Depreciation +€1,181
up €1,181 (+81.3%), from €1,452 to €2,633
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 | €53,604 | €31,593 | -€22,011 | -41.1% |
| Fixed assets | 21/28 | €8,749 | €8,920 | +€171 | +2.0% |
| Tangible fixed assets | 22/27 | €8,749 | €8,920 | +€171 | +2.0% |
| Plant, machinery and equipment | 23 | €1,796 | €1,556 | -€241 | -13.4% |
| Furniture and vehicles | 24 | €6,953 | €7,365 | +€412 | +5.9% |
| Current assets | 29/58 | €44,855 | €22,673 | -€22,182 | -49.5% |
| Amounts receivable within one year | 40/41 | €23,867 | €11,219 | -€12,648 | -53.0% |
| Trade receivables | 40 | €21,538 | €6,961 | -€14,577 | -67.7% |
| Other amounts receivable | 41 | €2,329 | €4,258 | +€1,929 | +82.8% |
| Cash at bank and in hand | 54/58 | €20,743 | €11,317 | -€9,427 | -45.4% |
| Deferred charges and accrued income | 490/1 | €244 | €137 | -€107 | -43.8% |
| Total equity and liabilities | 10/49 | €53,604 | €31,593 | -€22,011 | -41.1% |
| Equity | 10/15 | €34,431 | €31,051 | -€3,379 | -9.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,256 | €10,256 | = | 0.0% |
| Distributable reserves | 133 | €10,256 | €10,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,175 | €19,795 | -€3,379 | -14.6% |
| Amounts payable | 17/49 | €19,173 | €542 | -€18,631 | -97.2% |
| Amounts payable within one year | 42/48 | €19,173 | €542 | -€18,631 | -97.2% |
| Trade debts | 44 | €5,316 | €542 | -€4,774 | -89.8% |
| Suppliers | 440/4 | €5,316 | €542 | -€4,774 | -89.8% |
| Advances received on contracts in progress | 46 | €7,832 | €0 | -€7,832 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,025 | €0 | -€6,025 | -100.0% |
| Taxes | 450/3 | €6,025 | €0 | -€6,025 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €2,633 | +€1,181 | +81.3% |
| Other operating charges | 640/8 | €400 | €500 | +€100 | +25.1% |
| Non-recurring operating charges | 66A | €437 | €0 | -€437 | -100.0% |
| Gross operating margin | 9900 | €31,460 | €21,420 | -€10,040 | -31.9% |
| Operating profit (loss) | 9901 | €29,171 | €18,287 | -€10,884 | -37.3% |
| Financial income | 75/76B | €105 | €97 | -€9 | -8.2% |
| Recurring financial income | 75 | €105 | €97 | -€9 | -8.2% |
| Financial charges | 65/66B | €78 | €187 | +€109 | +139.4% |
| Recurring financial charges | 65 | €78 | €187 | +€109 | +139.4% |
| Profit (loss) for the period before taxes | 9903 | €29,198 | €18,197 | -€11,001 | -37.7% |
| Income taxes | 67/77 | €6,025 | €3,929 | -€2,097 | -34.8% |
| Profit (loss) for the period | 9904 | €23,172 | €14,268 | -€8,904 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,172 | €14,268 | -€8,904 | -38.4% |
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 10 October 2026 via checked.be.