TILKENS: 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.
TILKENS
Largest movements
- Tangible fixed assets -€279,864
down €279,864 (-8.3%), from €3.4m to €3.1m
- Receivables within one year -€169,695
down €169,695 (-16.8%), from €1.0m to €841,794
of which Trade receivables: -€135,764
- Debts after one year -€323,504
down €323,504 (-14.9%), from €2.2m to €1.9m
- Short-term financial debts -€150,000
down €150,000 (-27.3%), from €550,000 to €400,000
- Profit (loss) carried forward +€138,077
up €138,077, from -€130,293 to €7,785
- Trade debts -€117,442
down €117,442 (-44.4%), from €264,263 to €146,821
- Gross operating margin +€63,447
up €63,447 (+9.7%), from €654,930 to €718,377
- Depreciation -€15,347
down €15,347 (-4.1%), from €375,973 to €360,626
- Financial income +€13,541
up €13,541 (+5532.7%), from €245 to €13,786
- Financial charges -€9,981
down €9,981 (-8.5%), from €117,446 to €107,465
- Staff costs -€9,362
down €9,362 (-11.4%), from €82,143 to €72,781
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 | €4,460,863 | €4,000,022 | -€460,841 | -10.3% |
| Formation expenses | 20 | €3,449 | €0 | -€3,449 | -100.0% |
| Fixed assets | 21/28 | €3,376,259 | €3,096,395 | -€279,864 | -8.3% |
| Tangible fixed assets | 22/27 | €3,353,078 | €3,073,214 | -€279,864 | -8.3% |
| Land and buildings | 22 | €1,817,140 | €1,703,021 | -€114,119 | -6.3% |
| Plant, machinery and equipment | 23 | €1,345,284 | €1,246,155 | -€99,129 | -7.4% |
| Furniture and vehicles | 24 | €60,589 | €41,075 | -€19,515 | -32.2% |
| Leasing and similar rights | 25 | €130,065 | €82,963 | -€47,101 | -36.2% |
| Financial fixed assets | 28 | €23,181 | €23,181 | = | 0.0% |
| Current assets | 29/58 | €1,081,155 | €903,628 | -€177,527 | -16.4% |
| Amounts receivable within one year | 40/41 | €1,011,489 | €841,794 | -€169,695 | -16.8% |
| Trade receivables | 40 | €670,321 | €534,556 | -€135,764 | -20.3% |
| Other amounts receivable | 41 | €341,168 | €307,237 | -€33,931 | -9.9% |
| Cash at bank and in hand | 54/58 | €33,267 | €4,768 | -€28,498 | -85.7% |
| Deferred charges and accrued income | 490/1 | €36,399 | €57,066 | +€20,666 | +56.8% |
| Total equity and liabilities | 10/49 | €4,460,863 | €4,000,022 | -€460,841 | -10.3% |
| Equity | 10/15 | €478,420 | €616,498 | +€138,077 | +28.9% |
| Contributions | 10/11 | €608,713 | €608,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,293 | €7,785 | +€138,077 | |
| Amounts payable | 17/49 | €3,982,443 | €3,383,525 | -€598,918 | -15.0% |
| Amounts payable after more than one year | 17 | €2,176,541 | €1,853,037 | -€323,504 | -14.9% |
| Financial debts | 170/4 | €2,176,541 | €1,853,037 | -€323,504 | -14.9% |
| Amounts payable within one year | 42/48 | €1,805,035 | €1,530,488 | -€274,547 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €343,578 | €323,504 | -€20,074 | -5.8% |
| Financial debts | 43 | €550,000 | €400,000 | -€150,000 | -27.3% |
| Credit institutions | 430/8 | €550,000 | €400,000 | -€150,000 | -27.3% |
| Trade debts | 44 | €264,263 | €146,821 | -€117,442 | -44.4% |
| Suppliers | 440/4 | €264,263 | €146,821 | -€117,442 | -44.4% |
| Taxes, remuneration and social security | 45 | €6,101 | €6,645 | +€544 | +8.9% |
| Taxes | 450/3 | €550 | €1,757 | +€1,207 | +219.6% |
| Remuneration and social security | 454/9 | €5,551 | €4,887 | -€663 | -11.9% |
| Other amounts payable | 47/48 | €641,093 | €653,518 | +€12,425 | +1.9% |
| Accrued charges and deferred income | 492/3 | €867 | €0 | -€867 | -100.0% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €82,143 | €72,781 | -€9,362 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,973 | €360,626 | -€15,347 | -4.1% |
| Other operating charges | 640/8 | €48,793 | €52,797 | +€4,004 | +8.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €654,930 | €718,377 | +€63,447 | +9.7% |
| Operating profit (loss) | 9901 | €148,021 | €232,173 | +€84,152 | +56.9% |
| Financial income | 75/76B | €245 | €13,786 | +€13,541 | +5532.7% |
| Recurring financial income | 75 | €245 | €13,786 | +€13,541 | +5532.7% |
| Financial charges | 65/66B | €117,446 | €107,465 | -€9,981 | -8.5% |
| Recurring financial charges | 65 | €117,446 | €107,465 | -€9,981 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €30,819 | €138,494 | +€107,675 | +349.4% |
| Income taxes | 67/77 | €550 | €417 | -€133 | -24.3% |
| Profit (loss) for the period | 9904 | €30,269 | €138,077 | +€107,808 | +356.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,269 | €138,077 | +€107,808 | +356.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.