TILBORGHS TRANSPORT: what changed
TILBORGHS TRANSPORT
Largest movements
- Receivables within one year +€173,859
up €173,859 (+19.8%), from €878,172 to €1.1m
of which Trade receivables: +€246,622
- Cash -€64,842
down €64,842 (-40.4%), from €160,358 to €95,516
mainly Investment in fixed assets (net) (-€234,993) and Receivables within one year (-€173,859)
- Tangible fixed assets -€20,080
down €20,080 (-2.7%), from €748,521 to €728,441
of which Furniture and vehicles: -€18,258
- Reserves +€83,250
up €83,250 (+5.6%), from €1.5m to €1.6m
of which Distributable reserves: +€83,250
- Debts after one year -€35,000
down €35,000 (-25.0%), from €140,000 to €105,000
- Gross operating margin +€130,898
up €130,898 (+23.5%), from €558,096 to €688,994
- Depreciation +€74,201
up €74,201 (+41.0%), from €180,872 to €255,073
- Staff costs +€63,446
up €63,446 (+26.2%), from €241,782 to €305,228
- Other operating charges +€15,064
up €15,064 (+52.5%), from €28,681 to €43,744
- Financial income +€7,245
up €7,245 (+49.2%), from €14,733 to €21,978
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 | €1,798,987 | €1,891,003 | +€92,016 | +5.1% |
| Fixed assets | 21/28 | €749,291 | €729,211 | -€20,080 | -2.7% |
| Tangible fixed assets | 22/27 | €748,521 | €728,441 | -€20,080 | -2.7% |
| Land and buildings | 22 | €6,499 | €4,677 | -€1,823 | -28.0% |
| Furniture and vehicles | 24 | €742,022 | €723,765 | -€18,258 | -2.5% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €1,049,696 | €1,161,792 | +€112,096 | +10.7% |
| Amounts receivable within one year | 40/41 | €878,172 | €1,052,031 | +€173,859 | +19.8% |
| Trade receivables | 40 | €51,786 | €298,409 | +€246,622 | +476% |
| Other amounts receivable | 41 | €826,386 | €753,623 | -€72,763 | -8.8% |
| Cash at bank and in hand | 54/58 | €160,358 | €95,516 | -€64,842 | -40.4% |
| Deferred charges and accrued income | 490/1 | €11,165 | €14,244 | +€3,079 | +27.6% |
| Total equity and liabilities | 10/49 | €1,798,987 | €1,891,003 | +€92,016 | +5.1% |
| Equity | 10/15 | €1,518,898 | €1,602,148 | +€83,250 | +5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,498,898 | €1,582,148 | +€83,250 | +5.6% |
| 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 | €483,000 | €483,000 | = | 0.0% |
| Distributable reserves | 133 | €1,013,898 | €1,097,148 | +€83,250 | +8.2% |
| Amounts payable | 17/49 | €280,089 | €288,855 | +€8,766 | +3.1% |
| Amounts payable after more than one year | 17 | €140,000 | €105,000 | -€35,000 | -25.0% |
| Financial debts | 170/4 | €140,000 | €105,000 | -€35,000 | -25.0% |
| Amounts payable within one year | 42/48 | €140,089 | €183,855 | +€43,766 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €66,734 | €82,804 | +€16,071 | +24.1% |
| Suppliers | 440/4 | €66,734 | €82,804 | +€16,071 | +24.1% |
| Taxes, remuneration and social security | 45 | €38,120 | €51,515 | +€13,395 | +35.1% |
| Remuneration and social security | 454/9 | €38,120 | €51,515 | +€13,395 | +35.1% |
| Other amounts payable | 47/48 | €235 | €14,536 | +€14,300 | +6,079% |
| Remuneration, social security and pensions | 62 | €241,782 | €305,228 | +€63,446 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,872 | €255,073 | +€74,201 | +41.0% |
| Other operating charges | 640/8 | €28,681 | €43,744 | +€15,064 | +52.5% |
| Gross operating margin | 9900 | €558,096 | €688,994 | +€130,898 | +23.5% |
| Operating profit (loss) | 9901 | €106,762 | €84,949 | -€21,813 | -20.4% |
| Financial income | 75/76B | €14,733 | €21,978 | +€7,245 | +49.2% |
| Recurring financial income | 75 | €14,733 | €21,978 | +€7,245 | +49.2% |
| Financial charges | 65/66B | €1,327 | €7,119 | +€5,792 | +436% |
| Recurring financial charges | 65 | €1,327 | €7,119 | +€5,792 | +436% |
| Profit (loss) for the period before taxes | 9903 | €120,167 | €99,808 | -€20,360 | -16.9% |
| Income taxes | 67/77 | €20,015 | €16,558 | -€3,458 | -17.3% |
| Profit (loss) for the period | 9904 | €100,152 | €83,250 | -€16,902 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,152 | €83,250 | -€16,902 | -16.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.