TILEO: 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.
TILEO
Largest movements
- Cash +€92,124
up €92,124 (+26.0%), from €353,677 to €445,801
mainly Other debts (+€421,922) and Net result for the year (+€85,865)
- Receivables within one year +€6,958
up €6,958 (+57.1%), from €12,175 to €19,133
of which Trade receivables: +€7,078
- Other debts +€421,922
up €421,922 (+54134.1%), from €779 to €422,701
- Reserves -€324,000
down €324,000 (-86.4%), from €375,000 to €51,000
- Financial income -€34,552
down €34,552 (-40.5%), from €85,336 to €50,784
of which Non-recurring financial income: -€32,616
- Gross operating margin -€3,025
down €3,025 (-5.9%), from €51,422 to €48,396
- Taxes -€967
down €967 (-9.5%), from €10,229 to €9,262
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,310 | €487,767 | +€97,457 | +25.0% |
| Fixed assets | 21/28 | €8,345 | €5,317 | -€3,028 | -36.3% |
| Tangible fixed assets | 22/27 | €8,345 | €5,317 | -€3,028 | -36.3% |
| Plant, machinery and equipment | 23 | €931 | €459 | -€471 | -50.6% |
| Furniture and vehicles | 24 | €7,415 | €4,858 | -€2,557 | -34.5% |
| Current assets | 29/58 | €381,965 | €482,450 | +€100,485 | +26.3% |
| Amounts receivable within one year | 40/41 | €12,175 | €19,133 | +€6,958 | +57.1% |
| Trade receivables | 40 | €11,745 | €18,823 | +€7,078 | +60.3% |
| Other amounts receivable | 41 | €430 | €310 | -€120 | -27.9% |
| Current investments | 50/53 | €15,903 | €16,830 | +€927 | +5.8% |
| Cash at bank and in hand | 54/58 | €353,677 | €445,801 | +€92,124 | +26.0% |
| Deferred charges and accrued income | 490/1 | €210 | €687 | +€477 | +227.1% |
| Total equity and liabilities | 10/49 | €390,310 | €487,767 | +€97,457 | +25.0% |
| Equity | 10/15 | €377,555 | €53,420 | -€324,135 | -85.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €375,000 | €51,000 | -€324,000 | -86.4% |
| Distributable reserves | 133 | €375,000 | €51,000 | -€324,000 | -86.4% |
| Profit (loss) carried forward | 14 | €555 | €420 | -€135 | -24.3% |
| Amounts payable | 17/49 | €12,756 | €434,347 | +€421,592 | +3305.1% |
| Amounts payable within one year | 42/48 | €8,951 | €430,713 | +€421,762 | +4712.0% |
| Trade debts | 44 | €1,857 | €391 | -€1,466 | -78.9% |
| Suppliers | 440/4 | €1,857 | €391 | -€1,466 | -78.9% |
| Taxes, remuneration and social security | 45 | €6,314 | €7,621 | +€1,307 | +20.7% |
| Taxes | 450/3 | €6,314 | €7,621 | +€1,307 | +20.7% |
| Other amounts payable | 47/48 | €779 | €422,701 | +€421,922 | +54134.1% |
| Accrued charges and deferred income | 492/3 | €3,805 | €3,635 | -€170 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,028 | €3,028 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €51,422 | €48,396 | -€3,025 | -5.9% |
| Operating profit (loss) | 9901 | €47,943 | €44,903 | -€3,040 | -6.3% |
| Financial income | 75/76B | €85,336 | €50,784 | -€34,552 | -40.5% |
| Recurring financial income | 75 | €2,190 | €255 | -€1,935 | -88.4% |
| Non-recurring financial income | 76B | €83,146 | €50,530 | -€32,616 | -39.2% |
| Financial charges | 65/66B | €806 | €559 | -€247 | -30.6% |
| Recurring financial charges | 65 | €806 | €559 | -€247 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €132,472 | €95,128 | -€37,344 | -28.2% |
| Income taxes | 67/77 | €10,229 | €9,262 | -€967 | -9.5% |
| Profit (loss) for the period | 9904 | €122,243 | €85,865 | -€36,377 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,243 | €85,865 | -€36,377 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.