TILBEX: 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.
TILBEX
Largest movements
- Cash +€177,090
up €177,090 (+570%), from €31,094 to €208,184
mainly Receivables within one year (+€122,489) and Trade debts (+€88,850)
- Receivables within one year -€122,489
down €122,489 (-24.3%), from €503,741 to €381,252
of which Trade receivables: -€132,100
- Stocks and contracts +€48,841
up €48,841 (+1,232%), from €3,965 to €52,806
- Trade debts +€88,850
up €88,850 (+11,799%), from €753 to €89,603
- Advances received -€20,152
no longer reported in 2025 (was €20,152)
- Other debts +€20,112
up €20,112 (+6,935%), from €290 to €20,402
- Tax, wage and social debts +€9,137
up €9,137 (+738%), from €1,238 to €10,375
- Gross operating margin -€22,834
down €22,834 (-30.8%), from €74,053 to €51,219
- Write-downs -€20,990
no longer reported in 2025 (was €20,990)
- Other operating charges +€9,865
up €9,865 (+938%), from €1,052 to €10,917
- Financial charges -€7,001
down €7,001 (-68.8%), from €10,172 to €3,171
of which Non-recurring financial charges: -€8,228
- Taxes -€864
down €864 (-6.7%), from €12,873 to €12,009
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 | €540,958 | €644,759 | +€103,801 | +19.2% |
| Fixed assets | 21/28 | €1,332 | €857 | -€475 | -35.7% |
| Tangible fixed assets | 22/27 | €487 | €12 | -€475 | -97.5% |
| Furniture and vehicles | 24 | €387 | €12 | -€375 | -96.9% |
| Other tangible fixed assets | 26 | €100 | - | -€100 | |
| Financial fixed assets | 28 | €845 | €845 | = | 0.0% |
| Current assets | 29/58 | €539,626 | €643,902 | +€104,276 | +19.3% |
| Stocks and contracts in progress | 3 | €3,965 | €52,806 | +€48,841 | +1,232% |
| Stocks | 30/36 | €3,965 | €52,806 | +€48,841 | +1,232% |
| Amounts receivable within one year | 40/41 | €503,741 | €381,252 | -€122,489 | -24.3% |
| Trade receivables | 40 | €473,157 | €341,057 | -€132,100 | -27.9% |
| Other amounts receivable | 41 | €30,584 | €40,195 | +€9,611 | +31.4% |
| Cash at bank and in hand | 54/58 | €31,094 | €208,184 | +€177,090 | +570% |
| Deferred charges and accrued income | 490/1 | €826 | €1,660 | +€834 | +101% |
| Total equity and liabilities | 10/49 | €540,958 | €644,759 | +€103,801 | +19.2% |
| Equity | 10/15 | €518,525 | €524,379 | +€5,854 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €461,860 | €466,860 | +€5,000 | +1.1% |
| Non-distributable reserves | 130/1 | €325,000 | €330,000 | +€5,000 | +1.5% |
| Other | 1319 | €325,000 | €330,000 | +€5,000 | +1.5% |
| Distributable reserves | 133 | €136,860 | €136,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,265 | €45,119 | +€854 | +1.9% |
| Amounts payable | 17/49 | €22,433 | €120,380 | +€97,947 | +437% |
| Amounts payable within one year | 42/48 | €22,433 | €120,380 | +€97,947 | +437% |
| Trade debts | 44 | €753 | €89,603 | +€88,850 | +11,799% |
| Suppliers | 440/4 | €753 | €89,603 | +€88,850 | +11,799% |
| Advances received on contracts in progress | 46 | €20,152 | - | -€20,152 | |
| Taxes, remuneration and social security | 45 | €1,238 | €10,375 | +€9,137 | +738% |
| Taxes | 450/3 | €1,238 | €10,375 | +€9,137 | +738% |
| Other amounts payable | 47/48 | €290 | €20,402 | +€20,112 | +6,935% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €475 | -€750 | -61.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,990 | - | -€20,990 | |
| Other operating charges | 640/8 | €1,052 | €10,917 | +€9,865 | +938% |
| Gross operating margin | 9900 | €74,053 | €51,219 | -€22,834 | -30.8% |
| Operating profit (loss) | 9901 | €50,786 | €39,827 | -€10,959 | -21.6% |
| Financial income | 75/76B | €623 | €1,207 | +€584 | +93.7% |
| Recurring financial income | 75 | €623 | €1,207 | +€584 | +93.7% |
| Financial charges | 65/66B | €10,172 | €3,171 | -€7,001 | -68.8% |
| Recurring financial charges | 65 | €1,944 | €3,171 | +€1,227 | +63.1% |
| Non-recurring financial charges | 66B | €8,228 | - | -€8,228 | |
| Profit (loss) for the period before taxes | 9903 | €41,237 | €37,863 | -€3,374 | -8.2% |
| Income taxes | 67/77 | €12,873 | €12,009 | -€864 | -6.7% |
| Profit (loss) for the period | 9904 | €28,364 | €25,854 | -€2,510 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,364 | €25,854 | -€2,510 | -8.8% |
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 14 October 2026 via checked.be.