TILIAVICUS: 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.
TILIAVICUS
Largest movements
- Tangible fixed assets -€45,017
down €45,017 (-4.5%), from €1.0m to €955,311
of which Land and buildings: -€31,700
- Formation expenses -€16,608
down €16,608 (-27.1%), from €61,170 to €44,562
- Cash +€16,120
up €16,120 (+80.3%), from €20,076 to €36,196
mainly Depreciation (+€68,350) and Current portion of long-term debt (+€28,882)
- Debts after one year -€60,940
down €60,940 (-6.8%), from €897,449 to €836,509
of which Financial debts: -€32,860
- Current portion of long-term debt +€28,882
up €28,882 (+52.1%), from €55,439 to €84,321
- Other operating charges +€8,787
up €8,787 (+159%), from €5,513 to €14,300
- Depreciation +€7,362
up €7,362 (+12.1%), from €60,988 to €68,350
- Financial charges -€6,759
down €6,759 (-22.3%), from €30,297 to €23,538
- Gross operating margin +€2,326
up €2,326 (+1.1%), from €209,426 to €211,752
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 | €1,204,187 | €1,159,788 | -€44,399 | -3.7% |
| Formation expenses | 20 | €61,170 | €44,562 | -€16,608 | -27.1% |
| Fixed assets | 21/28 | €1,015,034 | €966,034 | -€49,001 | -4.8% |
| Intangible fixed assets | 21 | €14,005 | €10,005 | -€4,000 | -28.6% |
| Tangible fixed assets | 22/27 | €1,000,328 | €955,311 | -€45,017 | -4.5% |
| Land and buildings | 22 | €908,584 | €876,885 | -€31,700 | -3.5% |
| Plant, machinery and equipment | 23 | €57,877 | €50,226 | -€7,652 | -13.2% |
| Furniture and vehicles | 24 | €33,866 | €28,201 | -€5,665 | -16.7% |
| Financial fixed assets | 28 | €701 | €717 | +€16 | +2.3% |
| Current assets | 29/58 | €127,983 | €149,193 | +€21,210 | +16.6% |
| Stocks and contracts in progress | 3 | €92,475 | €94,534 | +€2,059 | +2.2% |
| Stocks | 30/36 | €92,475 | €94,534 | +€2,059 | +2.2% |
| Amounts receivable within one year | 40/41 | €3,475 | €5,115 | +€1,640 | +47.2% |
| Trade receivables | 40 | €1,419 | €5,115 | +€3,696 | +260% |
| Other amounts receivable | 41 | €2,055 | - | -€2,055 | |
| Cash at bank and in hand | 54/58 | €20,076 | €36,196 | +€16,120 | +80.3% |
| Deferred charges and accrued income | 490/1 | €11,957 | €13,348 | +€1,390 | +11.6% |
| Total equity and liabilities | 10/49 | €1,204,187 | €1,159,788 | -€44,399 | -3.7% |
| Equity | 10/15 | €108,719 | €102,288 | -€6,432 | -5.9% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €86,219 | €79,788 | -€6,432 | -7.5% |
| Distributable reserves | 133 | €86,219 | €79,788 | -€6,432 | -7.5% |
| Amounts payable | 17/49 | €1,095,468 | €1,057,501 | -€37,967 | -3.5% |
| Amounts payable after more than one year | 17 | €897,449 | €836,509 | -€60,940 | -6.8% |
| Financial debts | 170/4 | €684,949 | €652,089 | -€32,860 | -4.8% |
| Trade debts | 175 | €29,250 | €1,170 | -€28,080 | -96.0% |
| Other amounts payable | 178/9 | €183,250 | €183,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,389 | €218,868 | +€26,479 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €55,439 | €84,321 | +€28,882 | +52.1% |
| Financial debts | 43 | €5,221 | - | -€5,221 | |
| Credit institutions | 430/8 | €5,221 | - | -€5,221 | |
| Trade debts | 44 | €103,373 | €101,337 | -€2,036 | -2.0% |
| Suppliers | 440/4 | €103,373 | €101,337 | -€2,036 | -2.0% |
| Advances received on contracts in progress | 46 | - | €145 | +€145 | |
| Taxes, remuneration and social security | 45 | €28,356 | €33,065 | +€4,709 | +16.6% |
| Taxes | 450/3 | €2,709 | €8,256 | +€5,547 | +205% |
| Remuneration and social security | 454/9 | €25,646 | €24,809 | -€838 | -3.3% |
| Accrued charges and deferred income | 492/3 | €5,630 | €2,124 | -€3,506 | -62.3% |
| Non-recurring operating income | 76A | €8,455 | - | -€8,455 | |
| Remuneration, social security and pensions | 62 | €114,354 | €113,877 | -€478 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,988 | €68,350 | +€7,362 | +12.1% |
| Other operating charges | 640/8 | €5,513 | €14,300 | +€8,787 | +159% |
| Gross operating margin | 9900 | €209,426 | €211,752 | +€2,326 | +1.1% |
| Operating profit (loss) | 9901 | €28,570 | €15,226 | -€13,344 | -46.7% |
| Financial income | 75/76B | €272 | €2,088 | +€1,816 | +669% |
| Recurring financial income | 75 | €272 | €2,088 | +€1,816 | +669% |
| Financial charges | 65/66B | €30,297 | €23,538 | -€6,759 | -22.3% |
| Recurring financial charges | 65 | €30,297 | €23,538 | -€6,759 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,455 | -€6,225 | -€4,769 | -328% |
| Income taxes | 67/77 | €336 | €207 | -€130 | -38.5% |
| Profit (loss) for the period | 9904 | -€1,792 | -€6,432 | -€4,640 | -259% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,792 | -€6,432 | -€4,640 | -259% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.