TILKON: 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.
TILKON
Largest movements
- Receivables within one year +€116,832
up €116,832 (+1,042%), from €11,209 to €128,041
of which Trade receivables: +€112,356
- Cash -€23,670
down €23,670 (-41.7%), from €56,756 to €33,086
mainly Receivables within one year (-€116,832) and Other debts (-€3,885)
- Tangible fixed assets -€3,557
down €3,557 (-30.7%), from €11,580 to €8,023
- Trade debts +€60,458
up €60,458 (+5,306%), from €1,139 to €61,598
- Reserves +€31,903
up €31,903 (+16.1%), from €197,883 to €229,787
- Other debts -€3,885
down €3,885 (-84.9%), from €4,575 to €690
- Gross operating margin +€2,909
up €2,909 (+5.6%), from €51,646 to €54,555
- Taxes +€798
up €798 (+5.1%), from €15,602 to €16,400
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 | €231,066 | €321,350 | +€90,284 | +39.1% |
| Fixed assets | 21/28 | €11,580 | €8,023 | -€3,557 | -30.7% |
| Tangible fixed assets | 22/27 | €11,580 | €8,023 | -€3,557 | -30.7% |
| Furniture and vehicles | 24 | €11,580 | €8,023 | -€3,557 | -30.7% |
| Current assets | 29/58 | €219,486 | €313,327 | +€93,841 | +42.8% |
| Amounts receivable within one year | 40/41 | €11,209 | €128,041 | +€116,832 | +1,042% |
| Trade receivables | 40 | €10,085 | €122,441 | +€112,356 | +1,114% |
| Other amounts receivable | 41 | €1,125 | €5,600 | +€4,476 | +398% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,756 | €33,086 | -€23,670 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,521 | €2,200 | +€679 | +44.7% |
| Total equity and liabilities | 10/49 | €231,066 | €321,350 | +€90,284 | +39.1% |
| Equity | 10/15 | €225,351 | €257,255 | +€31,903 | +14.2% |
| Contributions | 10/11 | €27,468 | €27,468 | = | 0.0% |
| Reserves | 13 | €197,883 | €229,787 | +€31,903 | +16.1% |
| Distributable reserves | 133 | €197,883 | €229,787 | +€31,903 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,715 | €64,095 | +€58,381 | +1,022% |
| Amounts payable within one year | 42/48 | €5,715 | €64,095 | +€58,381 | +1,022% |
| Trade debts | 44 | €1,139 | €61,598 | +€60,458 | +5,306% |
| Suppliers | 440/4 | €1,139 | €61,598 | +€60,458 | +5,306% |
| Taxes, remuneration and social security | 45 | €0 | €1,807 | +€1,807 | |
| Taxes | 450/3 | €0 | €1,807 | +€1,807 | |
| Other amounts payable | 47/48 | €4,575 | €690 | -€3,885 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,640 | €4,865 | +€226 | +4.9% |
| Other operating charges | 640/8 | €715 | €657 | -€58 | -8.2% |
| Gross operating margin | 9900 | €51,646 | €54,555 | +€2,909 | +5.6% |
| Operating profit (loss) | 9901 | €46,291 | €49,032 | +€2,742 | +5.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €400 | €729 | +€329 | +82.4% |
| Recurring financial charges | 65 | €400 | €729 | +€329 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €45,892 | €48,303 | +€2,412 | +5.3% |
| Income taxes | 67/77 | €15,602 | €16,400 | +€798 | +5.1% |
| Profit (loss) for the period | 9904 | €30,289 | €31,903 | +€1,614 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,289 | €31,903 | +€1,614 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.