TILKIN CONCEPT: 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.
TILKIN CONCEPT
Largest movements
- Tangible fixed assets +€442,179
up €442,179 (+997.1%), from €44,349 to €486,528
of which Land and buildings: +€432,050
- Cash -€123,731
down €123,731 (-56.1%), from €220,737 to €97,006
mainly Investment in fixed assets (net) (-€469,150) and Receivables within one year (-€10,123)
- Receivables within one year +€10,123
up €10,123 (+129.7%), from €7,807 to €17,930
of which Other amounts receivable: +€5,565
- Financial fixed assets +€7,650
new in 2025: €7,650
- Debts after one year +€208,000
new in 2025: €208,000
- Profit (loss) carried forward +€63,476
up €63,476 (+49.6%), from €128,007 to €191,483
- Reserves +€30,000
up €30,000 (+59.2%), from €50,646 to €80,646
- Current portion of long-term debt +€24,000
new in 2025: €24,000
- Trade debts +€8,517
up €8,517 (+33.9%), from €25,098 to €33,614
- Gross operating margin +€78,462
up €78,462 (+56.6%), from €138,550 to €217,012
- Other operating charges +€56,619
up €56,619 (+14727.0%), from €384 to €57,004
- Staff costs +€5,020
up €5,020 (+55.6%), from €9,033 to €14,053
- Financial charges +€3,124
up €3,124 (+3565.2%), from €88 to €3,212
- Depreciation +€2,794
up €2,794 (+16.9%), from €16,527 to €19,321
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 | €272,893 | €609,114 | +€336,220 | +123.2% |
| Fixed assets | 21/28 | €44,349 | €494,178 | +€449,829 | +1014.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €44,349 | €486,528 | +€442,179 | +997.1% |
| Land and buildings | 22 | - | €432,050 | +€432,050 | |
| Plant, machinery and equipment | 23 | €38,302 | €52,754 | +€14,452 | +37.7% |
| Furniture and vehicles | 24 | €6,046 | €1,723 | -€4,323 | -71.5% |
| Financial fixed assets | 28 | - | €7,650 | +€7,650 | |
| Current assets | 29/58 | €228,545 | €114,936 | -€113,609 | -49.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,807 | €17,930 | +€10,123 | +129.7% |
| Trade receivables | 40 | €718 | €5,275 | +€4,558 | +635.1% |
| Other amounts receivable | 41 | €7,090 | €12,655 | +€5,565 | +78.5% |
| Cash at bank and in hand | 54/58 | €220,737 | €97,006 | -€123,731 | -56.1% |
| Total equity and liabilities | 10/49 | €272,893 | €609,114 | +€336,220 | +123.2% |
| Equity | 10/15 | €197,153 | €290,629 | +€93,476 | +47.4% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €50,646 | €80,646 | +€30,000 | +59.2% |
| Distributable reserves | 133 | €50,646 | €80,646 | +€30,000 | +59.2% |
| Profit (loss) carried forward | 14 | €128,007 | €191,483 | +€63,476 | +49.6% |
| Amounts payable | 17/49 | €75,740 | €318,484 | +€242,744 | +320.5% |
| Amounts payable after more than one year | 17 | - | €208,000 | +€208,000 | |
| Financial debts | 170/4 | - | €208,000 | +€208,000 | |
| Amounts payable within one year | 42/48 | €75,740 | €110,484 | +€34,744 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €25,098 | €33,614 | +€8,517 | +33.9% |
| Suppliers | 440/4 | €25,098 | €33,614 | +€8,517 | +33.9% |
| Advances received on contracts in progress | 46 | - | €504 | +€504 | |
| Taxes, remuneration and social security | 45 | €40,457 | €42,181 | +€1,724 | +4.3% |
| Taxes | 450/3 | €30,725 | €22,199 | -€8,526 | -27.7% |
| Remuneration and social security | 454/9 | €9,732 | €19,982 | +€10,250 | +105.3% |
| Other amounts payable | 47/48 | €10,186 | €10,186 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €9,033 | €14,053 | +€5,020 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,527 | €19,321 | +€2,794 | +16.9% |
| Other operating charges | 640/8 | €384 | €57,004 | +€56,619 | +14727.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,550 | €217,012 | +€78,462 | +56.6% |
| Operating profit (loss) | 9901 | €112,605 | €126,634 | +€14,029 | +12.5% |
| Financial income | 75/76B | €914 | €832 | -€82 | -8.9% |
| Recurring financial income | 75 | €914 | €832 | -€82 | -8.9% |
| Financial charges | 65/66B | €88 | €3,212 | +€3,124 | +3565.2% |
| Recurring financial charges | 65 | €88 | €3,212 | +€3,124 | +3565.2% |
| Profit (loss) for the period before taxes | 9903 | €113,431 | €124,254 | +€10,823 | +9.5% |
| Income taxes | 67/77 | €28,655 | €30,778 | +€2,123 | +7.4% |
| Profit (loss) for the period | 9904 | €84,777 | €93,476 | +€8,700 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,777 | €93,476 | +€8,700 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.