Tilco: 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.
Tilco
Largest movements
- Current assets -€131,907
down €131,907 (-19.5%), from €677,633 to €545,726
of which Receivables within one year: -€189,748
- Tangible fixed assets -€17,844
down €17,844 (-2.7%), from €654,471 to €636,627
- Profit (loss) carried forward -€238,465
down €238,465 (-159.6%), from -€149,405 to -€387,870
- Debts +€88,714
up €88,714 (+7.8%), from €1.1m to €1.2m
of which Debts within one year: +€146,134
- Gross operating margin -€551,992
down €551,992 (-42.6%), from €1.3m to €742,612
- Depreciation +€34,384
up €34,384 (+35.1%), from €98,037 to €132,421
From the 2019 result to the 2020 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,332,104 | €1,182,353 | -€149,751 | -11.2% |
| Fixed assets | 21/28 | €654,471 | €636,627 | -€17,844 | -2.7% |
| Tangible fixed assets | 22/27 | €654,471 | €636,627 | -€17,844 | -2.7% |
| Current assets | 29/58 | €677,633 | €545,726 | -€131,907 | -19.5% |
| Stocks and contracts in progress | 3 | €205,491 | €166,608 | -€38,883 | -18.9% |
| Amounts receivable within one year | 40/41 | €389,985 | €200,237 | -€189,748 | -48.7% |
| Cash at bank and in hand | 54/58 | €38,666 | €85,091 | +€46,426 | +120.1% |
| Total equity and liabilities | 10/49 | €1,332,104 | €1,182,353 | -€149,751 | -11.2% |
| Equity | 10/15 | €190,595 | -€47,870 | -€238,465 | |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,405 | -€387,870 | -€238,465 | -159.6% |
| Amounts payable | 17/49 | €1,141,509 | €1,230,223 | +€88,714 | +7.8% |
| Amounts payable after more than one year | 17 | €439,705 | €358,343 | -€81,362 | -18.5% |
| Amounts payable within one year | 42/48 | €679,304 | €825,438 | +€146,134 | +21.5% |
| Trade debts | 44 | €171,118 | €343,378 | +€172,260 | +100.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,037 | €132,421 | +€34,384 | +35.1% |
| Gross operating margin | 9900 | €1,294,603 | €742,612 | -€551,992 | -42.6% |
| Operating profit (loss) | 9901 | €37,050 | -€216,455 | -€253,505 | |
| Recurring financial income | 75 | €1,696 | - | -€1,696 | |
| Recurring financial charges | 65 | €12,596 | €24,780 | +€12,185 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €38,216 | -€238,685 | -€276,902 | |
| Income taxes | 67/77 | €489 | -€220 | -€709 | |
| Profit (loss) for the period | 9904 | €37,727 | -€238,465 | -€276,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,727 | -€238,465 | -€276,192 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.