Tiles@Work: 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.
Tiles@Work
Largest movements
- Receivables within one year -€25,417
down €25,417 (-12.9%), from €196,627 to €171,210
of which Trade receivables: -€28,174
- Cash -€23,155
down €23,155 (-7.9%), from €291,420 to €268,264
mainly Trade debts (-€93,357) and Contributions, distributions and other (-€50,000)
- Trade debts -€93,357
down €93,357 (-72.4%), from €128,933 to €35,577
- Reserves +€67,231
up €67,231 (+23.3%), from €288,217 to €355,447
of which Distributable reserves: +€67,231
- Other debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Write-downs +€42,633
up €42,633 (+147.3%), from €28,952 to €71,585
- Gross operating margin +€40,636
up €40,636 (+16.1%), from €252,910 to €293,546
- Financial charges +€5,603
up €5,603 (+67.7%), from €8,280 to €13,883
- Taxes +€5,353
up €5,353 (+18.8%), from €28,542 to €33,896
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 | €522,697 | €474,839 | -€47,858 | -9.2% |
| Fixed assets | 21/28 | €13,946 | €13,653 | -€293 | -2.1% |
| Tangible fixed assets | 22/27 | €12,546 | €12,253 | -€293 | -2.3% |
| Plant, machinery and equipment | 23 | €569 | €299 | -€270 | -47.5% |
| Furniture and vehicles | 24 | €8,378 | €9,050 | +€672 | +8.0% |
| Other tangible fixed assets | 26 | €3,599 | €2,904 | -€695 | -19.3% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €508,751 | €461,186 | -€47,565 | -9.3% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Contracts in progress | 37 | €17,000 | €17,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,627 | €171,210 | -€25,417 | -12.9% |
| Trade receivables | 40 | €110,983 | €82,809 | -€28,174 | -25.4% |
| Other amounts receivable | 41 | €85,644 | €88,401 | +€2,757 | +3.2% |
| Cash at bank and in hand | 54/58 | €291,420 | €268,264 | -€23,155 | -7.9% |
| Deferred charges and accrued income | 490/1 | €704 | €1,711 | +€1,007 | +143.0% |
| Total equity and liabilities | 10/49 | €522,697 | €474,839 | -€47,858 | -9.2% |
| Equity | 10/15 | €306,917 | €374,147 | +€67,231 | +21.9% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €288,217 | €355,447 | +€67,231 | +23.3% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,428 | €71,428 | = | 0.0% |
| Distributable reserves | 133 | €214,919 | €282,150 | +€67,231 | +31.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €215,780 | €100,692 | -€115,089 | -53.3% |
| Amounts payable within one year | 42/48 | €215,780 | €100,692 | -€115,089 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €1,121 | €664 | -€458 | -40.8% |
| Trade debts | 44 | €128,933 | €35,577 | -€93,357 | -72.4% |
| Suppliers | 440/4 | €128,933 | €35,577 | -€93,357 | -72.4% |
| Taxes, remuneration and social security | 45 | €10,726 | €14,451 | +€3,726 | +34.7% |
| Taxes | 450/3 | €8,958 | €10,669 | +€1,710 | +19.1% |
| Remuneration and social security | 454/9 | €1,767 | €3,783 | +€2,016 | +114.1% |
| Other amounts payable | 47/48 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Non-recurring operating income | 76A | - | €5,171 | +€5,171 | |
| Remuneration, social security and pensions | 62 | €46,517 | €47,235 | +€718 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,847 | €8,621 | -€1,226 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,952 | €71,585 | +€42,633 | +147.3% |
| Other operating charges | 640/8 | €3,148 | €2,818 | -€330 | -10.5% |
| Gross operating margin | 9900 | €252,910 | €293,546 | +€40,636 | +16.1% |
| Operating profit (loss) | 9901 | €164,446 | €163,287 | -€1,158 | -0.7% |
| Financial income | 75/76B | €566 | €1,722 | +€1,156 | +204.1% |
| Recurring financial income | 75 | €566 | €1,722 | +€1,156 | +204.1% |
| Financial charges | 65/66B | €8,280 | €13,883 | +€5,603 | +67.7% |
| Recurring financial charges | 65 | €8,280 | €13,883 | +€5,603 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €156,732 | €151,126 | -€5,606 | -3.6% |
| Income taxes | 67/77 | €28,542 | €33,896 | +€5,353 | +18.8% |
| Profit (loss) for the period | 9904 | €128,190 | €117,231 | -€10,959 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,190 | €117,231 | -€10,959 | -8.5% |
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 6 October 2026 via checked.be.