TILES ART: 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.
TILES ART
Largest movements
- Receivables within one year +€56,939
up €56,939 (+280%), from €20,343 to €77,281
of which Other amounts receivable: +€54,176
- Tangible fixed assets +€21,555
up €21,555 (+2,127%), from €1,014 to €22,569
of which Furniture and vehicles: +€19,093
- Cash -€1,738
down €1,738 (-33.6%), from €5,168 to €3,430
mainly Receivables within one year (-€56,939) and Investment in fixed assets (net) (-€28,948)
- Profit (loss) carried forward +€44,710
up €44,710 (+248%), from €18,014 to €62,724
- Debts after one year +€18,778
new in 2024: €18,778
- Tax, wage and social debts +€11,348
up €11,348 (+243%), from €4,670 to €16,018
- Current portion of long-term debt +€4,750
new in 2024: €4,750
- Trade debts -€2,830
down €2,830 (-99.6%), from €2,840 to €10
- Turnover +€68,951
up €68,951 (+65.7%), from €104,925 to €173,876
- Gross operating margin +€44,104
up €44,104 (+194%), from €22,757 to €66,861
- Purchases and services +€26,428
up €26,428 (+31.9%), from €82,775 to €109,203
- Depreciation +€7,358
up €7,358 (+20,762%), from €35 to €7,393
- Taxes +€6,678
up €6,678 (+143%), from €4,670 to €11,348
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,524 | €103,280 | +€76,755 | +289% |
| Fixed assets | 21/28 | €1,014 | €22,569 | +€21,555 | +2,127% |
| Tangible fixed assets | 22/27 | €1,014 | €22,569 | +€21,555 | +2,127% |
| Plant, machinery and equipment | 23 | €1,014 | €3,475 | +€2,462 | +243% |
| Furniture and vehicles | 24 | - | €19,093 | +€19,093 | |
| Current assets | 29/58 | €25,511 | €80,711 | +€55,201 | +216% |
| Amounts receivable within one year | 40/41 | €20,343 | €77,281 | +€56,939 | +280% |
| Trade receivables | 40 | - | €2,762 | +€2,762 | |
| Other amounts receivable | 41 | €20,343 | €74,519 | +€54,176 | +266% |
| Cash at bank and in hand | 54/58 | €5,168 | €3,430 | -€1,738 | -33.6% |
| Total equity and liabilities | 10/49 | €26,524 | €103,280 | +€76,755 | +289% |
| Equity | 10/15 | €19,014 | €63,724 | +€44,710 | +235% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,014 | €62,724 | +€44,710 | +248% |
| Amounts payable | 17/49 | €7,511 | €39,556 | +€32,045 | +427% |
| Amounts payable after more than one year | 17 | - | €18,778 | +€18,778 | |
| Financial debts | 170/4 | - | €18,778 | +€18,778 | |
| Amounts payable within one year | 42/48 | €7,511 | €20,778 | +€13,267 | +177% |
| Current portion of amounts payable after more than one year | 42 | - | €4,750 | +€4,750 | |
| Trade debts | 44 | €2,840 | €10 | -€2,830 | -99.6% |
| Suppliers | 440/4 | €2,840 | €10 | -€2,830 | -99.6% |
| Taxes, remuneration and social security | 45 | €4,670 | €16,018 | +€11,348 | +243% |
| Taxes | 450/3 | €4,670 | €16,018 | +€11,348 | +243% |
| Turnover | 70 | €104,925 | €173,876 | +€68,951 | +65.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,775 | €109,203 | +€26,428 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €7,393 | +€7,358 | +20,762% |
| Gross operating margin | 9900 | €22,757 | €66,861 | +€44,104 | +194% |
| Operating profit (loss) | 9901 | €22,721 | €59,467 | +€36,746 | +162% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €37 | €3,409 | +€3,371 | +9,007% |
| Recurring financial charges | 65 | €37 | €3,409 | +€3,371 | +9,007% |
| Profit (loss) for the period before taxes | 9903 | €22,684 | €56,058 | +€33,374 | +147% |
| Income taxes | 67/77 | €4,670 | €11,348 | +€6,678 | +143% |
| Profit (loss) for the period | 9904 | €18,014 | €44,710 | +€26,697 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €18,014 | €44,710 | +€26,697 | +148% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.