TILEVATE: 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.
TILEVATE
Largest movements
- Financial fixed assets +€130,000
new in 2025: €130,000
- Cash -€8,328
down €8,328 (-91.4%), from €9,112 to €784
mainly Investment in fixed assets (net) (-€130,000) and Net result for the year (-€27,815)
- Receivables within one year +€4,437
up €4,437 (+12.9%), from €34,330 to €38,767
of which Trade receivables: +€5,362
- Deferred charges and accrued income -€2,140
down €2,140 (-43.8%), from €4,881 to €2,741
- Other debts +€108,923
up €108,923 (+4,014%), from €2,714 to €111,637
- Reserves -€27,815
down €27,815 (-99.9%), from €27,844 to €28
- Trade debts +€21,393
up €21,393 (+1,200%), from €1,782 to €23,175
- Debts after one year +€17,975
up €17,975 (+348%), from €5,164 to €23,139
- Tax, wage and social debts +€1,841
up €1,841 (+18.5%), from €9,963 to €11,804
of which Remuneration and social security: +€1,600
- Gross operating margin -€60,510
down €60,510, from €37,166 to -€23,344
- Taxes -€7,034
down €7,034 (-97.3%), from €7,232 to €198
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.
Derived cash bridge
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 | €52,709 | €175,085 | +€122,376 | +232% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €4,386 | €132,793 | +€128,406 | +2,927% |
| Tangible fixed assets | 22/27 | €4,386 | €2,793 | -€1,594 | -36.3% |
| Furniture and vehicles | 24 | €2,734 | €1,318 | -€1,416 | -51.8% |
| Other tangible fixed assets | 26 | €1,652 | €1,474 | -€178 | -10.7% |
| Financial fixed assets | 28 | - | €130,000 | +€130,000 | |
| Current assets | 29/58 | €48,323 | €42,292 | -€6,031 | -12.5% |
| Amounts receivable within one year | 40/41 | €34,330 | €38,767 | +€4,437 | +12.9% |
| Trade receivables | 40 | €33,275 | €38,637 | +€5,362 | +16.1% |
| Other amounts receivable | 41 | €1,055 | €129 | -€926 | -87.7% |
| Cash at bank and in hand | 54/58 | €9,112 | €784 | -€8,328 | -91.4% |
| Deferred charges and accrued income | 490/1 | €4,881 | €2,741 | -€2,140 | -43.8% |
| Total equity and liabilities | 10/49 | €52,709 | €175,085 | +€122,376 | +232% |
| Equity | 10/15 | €30,844 | €3,028 | -€27,815 | -90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,844 | €28 | -€27,815 | -99.9% |
| Distributable reserves | 133 | €27,844 | €28 | -€27,815 | -99.9% |
| Amounts payable | 17/49 | €21,865 | €172,056 | +€150,191 | +687% |
| Amounts payable after more than one year | 17 | €5,164 | €23,139 | +€17,975 | +348% |
| Financial debts | 170/4 | €5,164 | €23,139 | +€17,975 | +348% |
| Amounts payable within one year | 42/48 | €16,431 | €148,641 | +€132,210 | +805% |
| Current portion of amounts payable after more than one year | 42 | €1,973 | €2,025 | +€52 | +2.7% |
| Trade debts | 44 | €1,782 | €23,175 | +€21,393 | +1,200% |
| Suppliers | 440/4 | €1,782 | €23,175 | +€21,393 | +1,200% |
| Taxes, remuneration and social security | 45 | €9,963 | €11,804 | +€1,841 | +18.5% |
| Taxes | 450/3 | €9,963 | €10,204 | +€241 | +2.4% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €2,714 | €111,637 | +€108,923 | +4,014% |
| Accrued charges and deferred income | 492/3 | €270 | €277 | +€6 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,902 | €1,594 | -€309 | -16.2% |
| Other operating charges | 640/8 | €330 | €387 | +€56 | +17.1% |
| Gross operating margin | 9900 | €37,166 | -€23,344 | -€60,510 | |
| Operating profit (loss) | 9901 | €34,933 | -€25,324 | -€60,257 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,346 | €2,293 | -€53 | -2.3% |
| Recurring financial charges | 65 | €2,346 | €2,293 | -€53 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €32,587 | -€27,617 | -€60,204 | |
| Income taxes | 67/77 | €7,232 | €198 | -€7,034 | -97.3% |
| Profit (loss) for the period | 9904 | €25,354 | -€27,815 | -€53,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,354 | -€27,815 | -€53,170 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.