TILEMANS: what changed
Two fiscal 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.
TILEMANS
Largest movements
- Receivables within one year +€10,422
up €10,422 (+39.6%), from €26,288 to €36,710
of which Trade receivables: +€13,646
- Tangible fixed assets -€8,952
down €8,952 (-18.5%), from €48,297 to €39,345
- Cash +€8,834
up €8,834 (+20.0%), from €44,219 to €53,053
mainly Trade debts (+€18,750) and Depreciation (+€9,860)
- Intangible fixed assets +€3,951
new in 2025: €3,951
- Trade debts +€18,750
up €18,750 (+164.3%), from €11,412 to €30,162
- Debts after one year -€7,638
down €7,638 (-43.0%), from €17,744 to €10,106
- Reserves +€7,629
up €7,629 (+10.5%), from €72,958 to €80,587
- Current portion of long-term debt -€2,750
down €2,750 (-26.5%), from €10,388 to €7,638
- Other operating charges +€10,897
up €10,897 (+1361.3%), from €800 to €11,697
- Gross operating margin +€10,809
up €10,809 (+46.1%), from €23,456 to €34,265
- Depreciation +€939
up €939 (+10.5%), from €8,921 to €9,860
- Financial income +€449
up €449 (+4485800.0%), from €0 to €449
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.
Cash bridge derived
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 | €118,804 | €134,261 | +€15,457 | +13.0% |
| Fixed assets | 21/28 | €48,297 | €43,295 | -€5,002 | -10.4% |
| Intangible fixed assets | 21 | - | €3,951 | +€3,951 | |
| Tangible fixed assets | 22/27 | €48,297 | €39,345 | -€8,952 | -18.5% |
| Land and buildings | 22 | €30,983 | €29,337 | -€1,645 | -5.3% |
| Plant, machinery and equipment | 23 | €10,051 | €7,145 | -€2,907 | -28.9% |
| Furniture and vehicles | 24 | €7,263 | €2,862 | -€4,400 | -60.6% |
| Current assets | 29/58 | €70,507 | €90,965 | +€20,459 | +29.0% |
| Amounts receivable within one year | 40/41 | €26,288 | €36,710 | +€10,422 | +39.6% |
| Trade receivables | 40 | €16,990 | €30,636 | +€13,646 | +80.3% |
| Other amounts receivable | 41 | €9,298 | €6,074 | -€3,223 | -34.7% |
| Cash at bank and in hand | 54/58 | €44,219 | €53,053 | +€8,834 | +20.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,203 | +€1,203 | |
| Total equity and liabilities | 10/49 | €118,804 | €134,261 | +€15,457 | +13.0% |
| Equity | 10/15 | €77,958 | €85,587 | +€7,629 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,958 | €80,587 | +€7,629 | +10.5% |
| Distributable reserves | 133 | €72,958 | €80,587 | +€7,629 | +10.5% |
| Amounts payable | 17/49 | €40,846 | €48,674 | +€7,828 | +19.2% |
| Amounts payable after more than one year | 17 | €17,744 | €10,106 | -€7,638 | -43.0% |
| Financial debts | 170/4 | €17,744 | €10,106 | -€7,638 | -43.0% |
| Amounts payable within one year | 42/48 | €23,102 | €38,568 | +€15,466 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €10,388 | €7,638 | -€2,750 | -26.5% |
| Trade debts | 44 | €11,412 | €30,162 | +€18,750 | +164.3% |
| Suppliers | 440/4 | €11,412 | €30,162 | +€18,750 | +164.3% |
| Taxes, remuneration and social security | 45 | €837 | €763 | -€74 | -8.9% |
| Taxes | 450/3 | €837 | €763 | -€74 | -8.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €465 | €5 | -€459 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,921 | €9,860 | +€939 | +10.5% |
| Other operating charges | 640/8 | €800 | €11,697 | +€10,897 | +1361.3% |
| Gross operating margin | 9900 | €23,456 | €34,265 | +€10,809 | +46.1% |
| Operating profit (loss) | 9901 | €13,734 | €12,707 | -€1,026 | -7.5% |
| Financial income | 75/76B | €0 | €449 | +€449 | +4485800.0% |
| Recurring financial income | 75 | €0 | €449 | +€449 | +4485800.0% |
| Financial charges | 65/66B | €1,658 | €1,601 | -€56 | -3.4% |
| Recurring financial charges | 65 | €1,658 | €1,601 | -€56 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €12,076 | €11,555 | -€522 | -4.3% |
| Income taxes | 67/77 | €3,704 | €3,925 | +€221 | +6.0% |
| Profit (loss) for the period | 9904 | €8,372 | €7,629 | -€743 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,372 | €7,629 | -€743 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.