TILARIS: 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.
TILARIS
Largest movements
- Cash -€12,687
down €12,687 (-52.0%), from €24,384 to €11,697
mainly Current portion of long-term debt (-€23,161) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€12,447
down €12,447 (-9.7%), from €128,586 to €116,139
of which Land and buildings: -€7,221
- Intangible fixed assets -€11,910
down €11,910 (-4.3%), from €273,921 to €262,011
- Current portion of long-term debt -€23,161
down €23,161 (-39.0%), from €59,383 to €36,222
- Other debts +€20,150
up €20,150 (+73.0%), from €27,610 to €47,760
- Debts after one year -€19,378
down €19,378 (-4.4%), from €445,211 to €425,833
- Tax, wage and social debts -€15,057
down €15,057 (-81.9%), from €18,391 to €3,333
- Reserves -€8,000
down €8,000 (-4.6%), from €174,000 to €166,000
- Gross operating margin -€32,757
down €32,757 (-35.1%), from €93,232 to €60,475
- Taxes -€8,771
down €8,771 (-50.8%), from €17,277 to €8,506
- Other operating charges -€967
down €967 (-71.0%), from €1,362 to €395
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 | €727,568 | €684,384 | -€43,184 | -5.9% |
| Fixed assets | 21/28 | €681,457 | €657,999 | -€23,458 | -3.4% |
| Intangible fixed assets | 21 | €273,921 | €262,011 | -€11,910 | -4.3% |
| Tangible fixed assets | 22/27 | €128,586 | €116,139 | -€12,447 | -9.7% |
| Land and buildings | 22 | €102,145 | €94,924 | -€7,221 | -7.1% |
| Furniture and vehicles | 24 | €1,060 | €414 | -€646 | -60.9% |
| Other tangible fixed assets | 26 | €25,381 | €20,800 | -€4,580 | -18.0% |
| Financial fixed assets | 28 | €278,950 | €279,849 | +€899 | +0.3% |
| Current assets | 29/58 | €46,111 | €26,385 | -€19,726 | -42.8% |
| Amounts receivable within one year | 40/41 | €21,034 | €14,456 | -€6,578 | -31.3% |
| Trade receivables | 40 | €18,244 | €164 | -€18,080 | -99.1% |
| Other amounts receivable | 41 | €2,791 | €14,292 | +€11,501 | +412% |
| Cash at bank and in hand | 54/58 | €24,384 | €11,697 | -€12,687 | -52.0% |
| Deferred charges and accrued income | 490/1 | €693 | €232 | -€461 | -66.5% |
| Total equity and liabilities | 10/49 | €727,568 | €684,384 | -€43,184 | -5.9% |
| Equity | 10/15 | €176,175 | €168,829 | -€7,346 | -4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €174,000 | €166,000 | -€8,000 | -4.6% |
| Distributable reserves | 133 | €174,000 | €166,000 | -€8,000 | -4.6% |
| Profit (loss) carried forward | 14 | €175 | €829 | +€654 | +372% |
| Amounts payable | 17/49 | €551,393 | €515,555 | -€35,838 | -6.5% |
| Amounts payable after more than one year | 17 | €445,211 | €425,833 | -€19,378 | -4.4% |
| Financial debts | 170/4 | €445,211 | €425,833 | -€19,378 | -4.4% |
| Amounts payable within one year | 42/48 | €105,489 | €89,095 | -€16,394 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €59,383 | €36,222 | -€23,161 | -39.0% |
| Trade debts | 44 | €106 | €1,780 | +€1,674 | +1,583% |
| Suppliers | 440/4 | €106 | €1,780 | +€1,674 | +1,583% |
| Taxes, remuneration and social security | 45 | €18,391 | €3,333 | -€15,057 | -81.9% |
| Taxes | 450/3 | €18,391 | €3,333 | -€15,057 | -81.9% |
| Other amounts payable | 47/48 | €27,610 | €47,760 | +€20,150 | +73.0% |
| Accrued charges and deferred income | 492/3 | €693 | €627 | -€65 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,488 | €24,357 | -€131 | -0.5% |
| Other operating charges | 640/8 | €1,362 | €395 | -€967 | -71.0% |
| Non-recurring operating charges | 66A | €243 | €2,806 | +€2,562 | +1,053% |
| Gross operating margin | 9900 | €93,232 | €60,475 | -€32,757 | -35.1% |
| Operating profit (loss) | 9901 | €67,139 | €32,918 | -€34,221 | -51.0% |
| Financial income | 75/76B | €234 | €70 | -€164 | -70.0% |
| Recurring financial income | 75 | €234 | €70 | -€164 | -70.0% |
| Financial charges | 65/66B | €12,246 | €11,829 | -€418 | -3.4% |
| Recurring financial charges | 65 | €12,246 | €11,829 | -€418 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €55,127 | €21,159 | -€33,967 | -61.6% |
| Income taxes | 67/77 | €17,277 | €8,506 | -€8,771 | -50.8% |
| Profit (loss) for the period | 9904 | €37,850 | €12,654 | -€25,196 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,850 | €12,654 | -€25,196 | -66.6% |
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 17 October 2026 via checked.be.