TILANO: 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.
TILANO
Largest movements
- Receivables within one year +€74,800
up €74,800 (+22.5%), from €332,412 to €407,213
of which Trade receivables: +€93,752
- Cash +€33,039
up €33,039 (+3212.9%), from €1,028 to €34,067
mainly Current portion of long-term debt (+€75,276) and Net result for the year (+€28,708)
- Stocks and contracts +€11,025
up €11,025 (+34.7%), from €31,739 to €42,763
- Current portion of long-term debt +€75,276
up €75,276 (+870.4%), from €8,648 to €83,924
- Profit (loss) carried forward +€28,708
up €28,708 (+16.1%), from €177,903 to €206,610
- Tax, wage and social debts +€13,847
up €13,847 (+92.6%), from €14,949 to €28,795
of which Remuneration and social security: +€16,524
- Trade debts +€10,949
up €10,949 (+11.9%), from €91,961 to €102,909
- Debts after one year -€6,854
down €6,854 (-74.5%), from €9,204 to €2,350
- Gross operating margin -€12,358
down €12,358 (-3.9%), from €320,756 to €308,398
- Financial income +€4,612
up €4,612 (+23058800.0%), from €0 to €4,612
- Taxes -€3,670
down €3,670 (-29.5%), from €12,459 to €8,789
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 | €378,864 | €499,489 | +€120,625 | +31.8% |
| Fixed assets | 21/28 | €13,685 | €10,846 | -€2,839 | -20.7% |
| Tangible fixed assets | 22/27 | €13,685 | €10,846 | -€2,839 | -20.7% |
| Land and buildings | 22 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Furniture and vehicles | 24 | €7,685 | €6,346 | -€1,339 | -17.4% |
| Current assets | 29/58 | €365,180 | €488,643 | +€123,463 | +33.8% |
| Stocks and contracts in progress | 3 | €31,739 | €42,763 | +€11,025 | +34.7% |
| Stocks | 30/36 | €31,739 | €42,763 | +€11,025 | +34.7% |
| Amounts receivable within one year | 40/41 | €332,412 | €407,213 | +€74,800 | +22.5% |
| Trade receivables | 40 | €150,957 | €244,709 | +€93,752 | +62.1% |
| Other amounts receivable | 41 | €181,455 | €162,504 | -€18,951 | -10.4% |
| Cash at bank and in hand | 54/58 | €1,028 | €34,067 | +€33,039 | +3212.9% |
| Deferred charges and accrued income | 490/1 | - | €4,600 | +€4,600 | |
| Total equity and liabilities | 10/49 | €378,864 | €499,489 | +€120,625 | +31.8% |
| Equity | 10/15 | €252,803 | €281,511 | +€28,708 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,301 | €56,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €34,441 | €34,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,903 | €206,610 | +€28,708 | +16.1% |
| Amounts payable | 17/49 | €126,061 | €217,978 | +€91,917 | +72.9% |
| Amounts payable after more than one year | 17 | €9,204 | €2,350 | -€6,854 | -74.5% |
| Financial debts | 170/4 | €9,204 | €2,350 | -€6,854 | -74.5% |
| Amounts payable within one year | 42/48 | €116,857 | €215,628 | +€98,771 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €8,648 | €83,924 | +€75,276 | +870.4% |
| Trade debts | 44 | €91,961 | €102,909 | +€10,949 | +11.9% |
| Suppliers | 440/4 | €91,961 | €102,909 | +€10,949 | +11.9% |
| Taxes, remuneration and social security | 45 | €14,949 | €28,795 | +€13,847 | +92.6% |
| Taxes | 450/3 | €12,676 | €9,998 | -€2,678 | -21.1% |
| Remuneration and social security | 454/9 | €2,272 | €18,797 | +€16,524 | +727.2% |
| Other amounts payable | 47/48 | €1,300 | - | -€1,300 | |
| Remuneration, social security and pensions | 62 | €259,113 | €260,553 | +€1,439 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,558 | €4,601 | -€1,957 | -29.8% |
| Other operating charges | 640/8 | €6,050 | €5,812 | -€239 | -3.9% |
| Gross operating margin | 9900 | €320,756 | €308,398 | -€12,358 | -3.9% |
| Operating profit (loss) | 9901 | €49,035 | €37,433 | -€11,602 | -23.7% |
| Financial income | 75/76B | €0 | €4,612 | +€4,612 | +23058800.0% |
| Recurring financial income | 75 | €0 | €4,612 | +€4,612 | +23058800.0% |
| Financial charges | 65/66B | €5,959 | €4,548 | -€1,411 | -23.7% |
| Recurring financial charges | 65 | €5,959 | €4,548 | -€1,411 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €43,076 | €37,497 | -€5,579 | -13.0% |
| Income taxes | 67/77 | €12,459 | €8,789 | -€3,670 | -29.5% |
| Profit (loss) for the period | 9904 | €30,616 | €28,708 | -€1,909 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,616 | €28,708 | -€1,909 | -6.2% |
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 28 September 2026 via checked.be.