TILBO-CONSTRUCT: what changed
TILBO-CONSTRUCT
Largest movements
- Cash -€29,037
down €29,037 (-43.4%), from €66,830 to €37,793
mainly Debts after one year (-€33,541) and Receivables within one year (-€25,699)
- Receivables within one year +€25,699
up €25,699 (+51.1%), from €50,251 to €75,951
of which Trade receivables: +€23,870
- Tangible fixed assets -€15,271
down €15,271 (-7.1%), from €214,169 to €198,898
of which Land and buildings: -€10,201
- Reserves +€143,017
up €143,017 (+221%), from €64,609 to €207,626
- Profit (loss) carried forward -€134,538
down €134,538 (-100%), from €134,538 to €0
- Debts after one year -€33,541
down €33,541 (-34.3%), from €97,880 to €64,340
- Tax, wage and social debts +€3,652
up €3,652 (+94.2%), from €3,879 to €7,531
of which Taxes: +€2,152
- Gross operating margin -€6,596
down €6,596 (-19.2%), from €34,315 to €27,720
- Financial income +€6,100
up €6,100 (+7,624,900%), from €0 to €6,100
- Depreciation -€5,007
down €5,007 (-23.9%), from €20,995 to €15,988
- Other operating charges -€2,504
down €2,504 (-74.4%), from €3,368 to €864
- Taxes +€2,484
up €2,484, from €0 to €2,484
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,150 | €343,541 | -€18,609 | -5.1% |
| Fixed assets | 21/28 | €245,069 | €229,798 | -€15,271 | -6.2% |
| Tangible fixed assets | 22/27 | €214,169 | €198,898 | -€15,271 | -7.1% |
| Land and buildings | 22 | €195,516 | €185,314 | -€10,201 | -5.2% |
| Plant, machinery and equipment | 23 | €17,608 | €12,778 | -€4,830 | -27.4% |
| Furniture and vehicles | 24 | €1,045 | €806 | -€240 | -22.9% |
| Financial fixed assets | 28 | €30,900 | €30,900 | = | 0.0% |
| Current assets | 29/58 | €117,081 | €113,743 | -€3,338 | -2.9% |
| Amounts receivable within one year | 40/41 | €50,251 | €75,951 | +€25,699 | +51.1% |
| Trade receivables | 40 | €4,249 | €28,119 | +€23,870 | +562% |
| Other amounts receivable | 41 | €46,002 | €47,832 | +€1,829 | +4.0% |
| Cash at bank and in hand | 54/58 | €66,830 | €37,793 | -€29,037 | -43.4% |
| Total equity and liabilities | 10/49 | €362,150 | €343,541 | -€18,609 | -5.1% |
| Equity | 10/15 | €217,747 | €226,226 | +€8,479 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,609 | €207,626 | +€143,017 | +221% |
| Distributable reserves | 133 | €64,609 | €207,626 | +€143,017 | +221% |
| Profit (loss) carried forward | 14 | €134,538 | €0 | -€134,538 | -100% |
| Amounts payable | 17/49 | €144,404 | €117,315 | -€27,088 | -18.8% |
| Amounts payable after more than one year | 17 | €97,880 | €64,340 | -€33,541 | -34.3% |
| Financial debts | 170/4 | €97,880 | €64,340 | -€33,541 | -34.3% |
| Amounts payable within one year | 42/48 | €46,523 | €52,976 | +€6,452 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €25,359 | €28,426 | +€3,068 | +12.1% |
| Financial debts | 43 | €2,527 | €2,362 | -€165 | -6.5% |
| Credit institutions | 430/8 | €2,527 | €2,362 | -€165 | -6.5% |
| Trade debts | 44 | €14,759 | €14,657 | -€102 | -0.7% |
| Suppliers | 440/4 | €14,759 | €14,657 | -€102 | -0.7% |
| Taxes, remuneration and social security | 45 | €3,879 | €7,531 | +€3,652 | +94.2% |
| Taxes | 450/3 | €1,679 | €3,831 | +€2,152 | +128% |
| Remuneration and social security | 454/9 | €2,200 | €3,700 | +€1,500 | +68.2% |
| Non-recurring operating income | 76A | €37,692 | €0 | -€37,692 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,995 | €15,988 | -€5,007 | -23.9% |
| Other operating charges | 640/8 | €3,368 | €864 | -€2,504 | -74.4% |
| Non-recurring operating charges | 66A | €18,009 | €210 | -€17,799 | -98.8% |
| Gross operating margin | 9900 | €34,315 | €27,720 | -€6,596 | -19.2% |
| Operating profit (loss) | 9901 | -€8,057 | €10,658 | +€18,715 | |
| Financial income | 75/76B | €0 | €6,100 | +€6,100 | +7,624,900% |
| Recurring financial income | 75 | €0 | €6,100 | +€6,100 | +7,624,900% |
| Financial charges | 65/66B | €4,412 | €5,795 | +€1,383 | +31.4% |
| Recurring financial charges | 65 | €4,412 | €5,795 | +€1,383 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,469 | €10,963 | +€23,431 | |
| Income taxes | 67/77 | €0 | €2,484 | +€2,484 | |
| Profit (loss) for the period | 9904 | -€12,469 | €8,479 | +€20,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,469 | €8,479 | +€20,948 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.