TILBORGHS BV: 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.
TILBORGHS BV
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-35.8%), from €3.5m to €2.2m
of which Other amounts receivable: -€885,489
- Stocks and contracts +€470,985
up €470,985 (+96.6%), from €487,617 to €958,602
- Tangible fixed assets +€387,022
up €387,022 (+66.7%), from €579,976 to €966,999
- Cash -€114,559
down €114,559 (-59.2%), from €193,517 to €78,958
mainly Investment in fixed assets (net) (-€655,200) and Stocks and contracts (-€470,985)
- Trade debts -€448,544
down €448,544 (-34.5%), from €1.3m to €852,513
- Reserves +€283,684
up €283,684 (+9.5%), from €3.0m to €3.3m
of which Distributable reserves: +€283,684
- Other debts -€173,857
down €173,857 (-74.0%), from €234,876 to €61,019
- Tax, wage and social debts -€109,409
no longer reported in 2025 (was €109,409)
of which Taxes: -€101,139
- Depreciation +€84,613
up €84,613 (+43.2%), from €195,820 to €280,433
- Taxes -€79,119
down €79,119 (-63.5%), from €124,639 to €45,519
- Staff costs -€48,338
down €48,338 (-91.5%), from €52,853 to €4,515
- Gross operating margin -€42,514
down €42,514 (-6.5%), from €657,359 to €614,845
- Financial income +€9,479
up €9,479 (+57.9%), from €16,381 to €25,859
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 | €4,863,070 | €4,366,945 | -€496,125 | -10.2% |
| Fixed assets | 21/28 | €685,851 | €1,060,618 | +€374,767 | +54.6% |
| Intangible fixed assets | 21 | €6,675 | €17,211 | +€10,536 | +158% |
| Tangible fixed assets | 22/27 | €579,976 | €966,999 | +€387,022 | +66.7% |
| Plant, machinery and equipment | 23 | €373,647 | €540,590 | +€166,943 | +44.7% |
| Furniture and vehicles | 24 | €118,764 | €156,874 | +€38,111 | +32.1% |
| Other tangible fixed assets | 26 | €87,566 | €269,535 | +€181,969 | +208% |
| Financial fixed assets | 28 | €99,200 | €76,408 | -€22,791 | -23.0% |
| Current assets | 29/58 | €4,177,220 | €3,306,327 | -€870,893 | -20.8% |
| Stocks and contracts in progress | 3 | €487,617 | €958,602 | +€470,985 | +96.6% |
| Stocks | 30/36 | €487,617 | €958,602 | +€470,985 | +96.6% |
| Amounts receivable within one year | 40/41 | €3,486,782 | €2,237,358 | -€1.2m | -35.8% |
| Trade receivables | 40 | €2,200,207 | €1,836,273 | -€363,935 | -16.5% |
| Other amounts receivable | 41 | €1,286,575 | €401,086 | -€885,489 | -68.8% |
| Cash at bank and in hand | 54/58 | €193,517 | €78,958 | -€114,559 | -59.2% |
| Deferred charges and accrued income | 490/1 | €9,303 | €31,409 | +€22,105 | +238% |
| Total equity and liabilities | 10/49 | €4,863,070 | €4,366,945 | -€496,125 | -10.2% |
| Equity | 10/15 | €3,017,728 | €3,301,413 | +€283,684 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,997,728 | €3,281,413 | +€283,684 | +9.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,958,228 | €3,241,913 | +€283,684 | +9.6% |
| Amounts payable | 17/49 | €1,845,342 | €1,065,532 | -€779,810 | -42.3% |
| Amounts payable after more than one year | 17 | €152,000 | €104,000 | -€48,000 | -31.6% |
| Financial debts | 170/4 | €152,000 | €104,000 | -€48,000 | -31.6% |
| Amounts payable within one year | 42/48 | €1,693,342 | €961,532 | -€731,810 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €48,000 | = | 0.0% |
| Trade debts | 44 | €1,301,057 | €852,513 | -€448,544 | -34.5% |
| Suppliers | 440/4 | €1,301,057 | €852,513 | -€448,544 | -34.5% |
| Taxes, remuneration and social security | 45 | €109,409 | - | -€109,409 | |
| Taxes | 450/3 | €101,139 | - | -€101,139 | |
| Remuneration and social security | 454/9 | €8,271 | - | -€8,271 | |
| Other amounts payable | 47/48 | €234,876 | €61,019 | -€173,857 | -74.0% |
| Remuneration, social security and pensions | 62 | €52,853 | €4,515 | -€48,338 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,820 | €280,433 | +€84,613 | +43.2% |
| Other operating charges | 640/8 | €5,857 | €5,797 | -€60 | -1.0% |
| Gross operating margin | 9900 | €657,359 | €614,845 | -€42,514 | -6.5% |
| Operating profit (loss) | 9901 | €402,829 | €324,101 | -€78,728 | -19.5% |
| Financial income | 75/76B | €16,381 | €25,859 | +€9,479 | +57.9% |
| Recurring financial income | 75 | €16,381 | €25,859 | +€9,479 | +57.9% |
| Financial charges | 65/66B | €13,851 | €20,756 | +€6,905 | +49.9% |
| Recurring financial charges | 65 | €13,851 | €20,756 | +€6,905 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €405,359 | €329,204 | -€76,155 | -18.8% |
| Income taxes | 67/77 | €124,639 | €45,519 | -€79,119 | -63.5% |
| Profit (loss) for the period | 9904 | €280,720 | €283,684 | +€2,965 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €280,720 | €283,684 | +€2,965 | +1.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.