TILIA: what changed
What changed
TILIA
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€120,194
2024 · €122,589-€2,395
Equity
€26,515
2024 · €46,320-€19,806
Cash
€19,208
2024 · €26,101-€6,892
Balance sheet total
€367,767
2024 · €394,526-€26,758
Largest movements
Assets
- Receivables within one year -€10,675
down €10,675 (-6.7%), from €158,271 to €147,597
of which Trade receivables: -€9,545
- Tangible fixed assets -€9,303
down €9,303 (-4.6%), from €202,830 to €193,528
of which Land and buildings: -€8,557
- Cash -€6,892
down €6,892 (-26.4%), from €26,101 to €19,208
mainly Contributions, distributions and other (-€140,000) and Debts after one year (-€23,472)
Equity and liabilities
- Debts after one year -€23,472
down €23,472 (-14.3%), from €163,791 to €140,319
- Reserves -€19,806
down €19,806 (-71.4%), from €27,720 to €7,915
- Other debts +€18,000
up €18,000 (+14.8%), from €122,000 to €140,000
- Trade debts -€7,198
down €7,198 (-53.8%), from €13,389 to €6,192
- Tax, wage and social debts +€5,365
up €5,365 (+37.8%), from €14,198 to €19,563
of which Taxes: +€5,285
Income statement
- Gross operating margin -€2,208
down €2,208 (-1.2%), from €182,073 to €179,866
- Depreciation +€2,105
up €2,105 (+10.2%), from €20,634 to €22,739
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€122,589
Gross operating margin
-€2,208
Depreciation
-€2,105
Other operating charges
+€100
Other operating items
+€363
Financial income
+€912
Financial charges
+€764
Taxes
-€221
Result 2025
€120,194
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€169,664
Investment
-€13,437
Financing
-€163,120
Cash 2024
€26,101
From operations (derived)
+€169,664
Net result for the year
+€120,194
Depreciation
+€22,739
Receivables within one year
+€10,675
Deferred charges and accrued income
-€111
Trade debts
-€7,198
Tax, wage and social debts
+€5,365
Other debts
+€18,000
Investment (derived)
-€13,437
Investment in fixed assets (net)
-€13,437
Financing
-€163,120
Debts after one year
-€23,472
Current portion of long-term debt
+€353
Short-term financial debts
-€1
Contributions, distributions and other
-€140,000
Cash 2025
€19,208
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,526 | €367,767 | -€26,758 | -6.8% |
| Fixed assets | 21/28 | €202,830 | €193,528 | -€9,303 | -4.6% |
| Tangible fixed assets | 22/27 | €202,830 | €193,528 | -€9,303 | -4.6% |
| Land and buildings | 22 | €183,786 | €175,229 | -€8,557 | -4.7% |
| Plant, machinery and equipment | 23 | €222 | €70 | -€152 | -68.5% |
| Furniture and vehicles | 24 | €18,822 | €18,229 | -€594 | -3.2% |
| Current assets | 29/58 | €191,695 | €174,240 | -€17,456 | -9.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €158,271 | €147,597 | -€10,675 | -6.7% |
| Trade receivables | 40 | €28,569 | €19,025 | -€9,545 | -33.4% |
| Other amounts receivable | 41 | €129,702 | €128,572 | -€1,130 | -0.9% |
| Cash at bank and in hand | 54/58 | €26,101 | €19,208 | -€6,892 | -26.4% |
| Deferred charges and accrued income | 490/1 | €7,323 | €7,435 | +€111 | +1.5% |
| Total equity and liabilities | 10/49 | €394,526 | €367,767 | -€26,758 | -6.8% |
| Equity | 10/15 | €46,320 | €26,515 | -€19,806 | -42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,720 | €7,915 | -€19,806 | -71.4% |
| Distributable reserves | 133 | €27,720 | €7,915 | -€19,806 | -71.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €348,205 | €341,253 | -€6,952 | -2.0% |
| Amounts payable after more than one year | 17 | €163,791 | €140,319 | -€23,472 | -14.3% |
| Financial debts | 170/4 | €163,791 | €140,319 | -€23,472 | -14.3% |
| Amounts payable within one year | 42/48 | €184,414 | €200,934 | +€16,520 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €23,119 | €23,472 | +€353 | +1.5% |
| Financial debts | 43 | €11,707 | €11,707 | -€1 | 0.0% |
| Credit institutions | 430/8 | €11,707 | €11,707 | -€1 | 0.0% |
| Trade debts | 44 | €13,389 | €6,192 | -€7,198 | -53.8% |
| Suppliers | 440/4 | €13,389 | €6,192 | -€7,198 | -53.8% |
| Taxes, remuneration and social security | 45 | €14,198 | €19,563 | +€5,365 | +37.8% |
| Taxes | 450/3 | €9,172 | €14,457 | +€5,285 | +57.6% |
| Remuneration and social security | 454/9 | €5,027 | €5,107 | +€80 | +1.6% |
| Other amounts payable | 47/48 | €122,000 | €140,000 | +€18,000 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,634 | €22,739 | +€2,105 | +10.2% |
| Other operating charges | 640/8 | €2,611 | €2,511 | -€100 | -3.8% |
| Non-recurring operating charges | 66A | €363 | €0 | -€363 | -100% |
| Gross operating margin | 9900 | €182,073 | €179,866 | -€2,208 | -1.2% |
| Operating profit (loss) | 9901 | €158,465 | €154,615 | -€3,850 | -2.4% |
| Financial income | 75/76B | €6,269 | €7,181 | +€912 | +14.5% |
| Recurring financial income | 75 | €6,269 | €7,181 | +€912 | +14.5% |
| Financial charges | 65/66B | €4,694 | €3,930 | -€764 | -16.3% |
| Recurring financial charges | 65 | €4,694 | €3,930 | -€764 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €160,040 | €157,866 | -€2,174 | -1.4% |
| Income taxes | 67/77 | €37,451 | €37,672 | +€221 | +0.6% |
| Profit (loss) for the period | 9904 | €122,589 | €120,194 | -€2,395 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,589 | €120,194 | -€2,395 | -2.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.