Tilkin-Jans: 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-Jans
Largest movements
- Tangible fixed assets +€81,645
up €81,645 (+167%), from €48,789 to €130,434
of which Leasing and similar rights: +€88,704
- Receivables within one year +€57,408
up €57,408 (+15.7%), from €365,503 to €422,911
of which Trade receivables: +€57,887
- Stocks and contracts -€22,334
down €22,334 (-27.1%), from €82,269 to €59,935
of which Stocks: -€23,508
- Cash -€15,583
down €15,583 (-21.7%), from €71,899 to €56,316
mainly Investment in fixed assets (net) (-€101,439) and Trade debts (-€73,647)
- Trade debts -€73,647
down €73,647 (-63.3%), from €116,379 to €42,732
- Other debts +€69,371
up €69,371 (+513%), from €13,517 to €82,888
- Debts after one year +€54,316
up €54,316 (+131%), from €41,500 to €95,816
- Reserves +€36,129
up €36,129 (+15.3%), from €236,811 to €272,940
of which Distributable reserves: +€36,129
- Current portion of long-term debt +€20,107
up €20,107 (+99.8%), from €20,141 to €40,248
- Gross operating margin +€88,624
up €88,624 (+57.8%), from €153,409 to €242,033
- Financial charges -€14,088
down €14,088 (-30.5%), from €46,198 to €32,110
- Staff costs +€13,649
up €13,649 (+25.8%), from €52,945 to €66,594
- Depreciation +€9,239
up €9,239 (+87.5%), from €10,555 to €19,794
- Taxes +€3,126
up €3,126 (+36.9%), from €8,479 to €11,605
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,481 | €687,267 | +€101,786 | +17.4% |
| Fixed assets | 21/28 | €54,649 | €136,294 | +€81,645 | +149% |
| Tangible fixed assets | 22/27 | €48,789 | €130,434 | +€81,645 | +167% |
| Land and buildings | 22 | €42,026 | €34,824 | -€7,202 | -17.1% |
| Plant, machinery and equipment | 23 | €5,495 | €4,741 | -€754 | -13.7% |
| Furniture and vehicles | 24 | €1,268 | €2,165 | +€897 | +70.7% |
| Leasing and similar rights | 25 | - | €88,704 | +€88,704 | |
| Financial fixed assets | 28 | €5,860 | €5,860 | = | 0.0% |
| Current assets | 29/58 | €530,832 | €550,973 | +€20,141 | +3.8% |
| Stocks and contracts in progress | 3 | €82,269 | €59,935 | -€22,334 | -27.1% |
| Stocks | 30/36 | €66,592 | €43,084 | -€23,508 | -35.3% |
| Contracts in progress | 37 | €15,677 | €16,851 | +€1,174 | +7.5% |
| Amounts receivable within one year | 40/41 | €365,503 | €422,911 | +€57,408 | +15.7% |
| Trade receivables | 40 | €320,406 | €378,293 | +€57,887 | +18.1% |
| Other amounts receivable | 41 | €45,097 | €44,618 | -€479 | -1.1% |
| Cash at bank and in hand | 54/58 | €71,899 | €56,316 | -€15,583 | -21.7% |
| Deferred charges and accrued income | 490/1 | €11,161 | €11,811 | +€650 | +5.8% |
| Total equity and liabilities | 10/49 | €585,481 | €687,267 | +€101,786 | +17.4% |
| Equity | 10/15 | €255,404 | €291,532 | +€36,128 | +14.1% |
| Contributions | 10/11 | €18,593 | €18,592 | -€1 | 0.0% |
| Contributions outside capital | 11 | €18,593 | €18,592 | -€1 | 0.0% |
| Other | 1109/19 | €18,593 | €18,592 | -€1 | 0.0% |
| Reserves | 13 | €236,811 | €272,940 | +€36,129 | +15.3% |
| Non-distributable reserves | 130/1 | €11,319 | €11,319 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,319 | €11,319 | = | 0.0% |
| Tax-exempt reserves | 132 | €436 | €436 | = | 0.0% |
| Distributable reserves | 133 | €225,056 | €261,185 | +€36,129 | +16.1% |
| Amounts payable | 17/49 | €330,077 | €395,735 | +€65,658 | +19.9% |
| Amounts payable after more than one year | 17 | €41,500 | €95,816 | +€54,316 | +131% |
| Financial debts | 170/4 | €41,500 | €95,816 | +€54,316 | +131% |
| Amounts payable within one year | 42/48 | €288,577 | €293,557 | +€4,980 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €20,141 | €40,248 | +€20,107 | +99.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €116,379 | €42,732 | -€73,647 | -63.3% |
| Suppliers | 440/4 | €116,379 | €42,732 | -€73,647 | -63.3% |
| Taxes, remuneration and social security | 45 | €38,540 | €27,689 | -€10,851 | -28.2% |
| Taxes | 450/3 | €22,521 | €20,269 | -€2,252 | -10.0% |
| Remuneration and social security | 454/9 | €16,019 | €7,420 | -€8,599 | -53.7% |
| Other amounts payable | 47/48 | €13,517 | €82,888 | +€69,371 | +513% |
| Accrued charges and deferred income | 492/3 | - | €6,362 | +€6,362 | |
| Remuneration, social security and pensions | 62 | €52,945 | €66,594 | +€13,649 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €19,794 | +€9,239 | +87.5% |
| Other operating charges | 640/8 | €5,498 | €3,810 | -€1,688 | -30.7% |
| Gross operating margin | 9900 | €153,409 | €242,033 | +€88,624 | +57.8% |
| Operating profit (loss) | 9901 | €84,411 | €151,835 | +€67,424 | +79.9% |
| Financial income | 75/76B | €471 | €9 | -€462 | -98.1% |
| Recurring financial income | 75 | €471 | €9 | -€462 | -98.1% |
| Financial charges | 65/66B | €46,198 | €32,110 | -€14,088 | -30.5% |
| Recurring financial charges | 65 | €46,198 | €32,110 | -€14,088 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €38,684 | €119,734 | +€81,050 | +210% |
| Income taxes | 67/77 | €8,479 | €11,605 | +€3,126 | +36.9% |
| Profit (loss) for the period | 9904 | €30,205 | €108,129 | +€77,924 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €30,205 | €108,129 | +€77,924 | +258% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.