TILLEGEM: 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.
TILLEGEM
Largest movements
- Cash -€503,634
down €503,634 (-98.1%), from €513,250 to €9,616
mainly Current investments (-€459,553) and Net result for the year (-€146,180)
- Current investments +€459,553
new in 2025: €459,553
- Other debts +€128,595
up €128,595 (+14.2%), from €906,282 to €1.0m
- Reserves -€108,978
down €108,978 (-49.1%), from €221,853 to €112,875
of which Distributable reserves: -€108,978
- Financial charges +€62,743
up €62,743 (+253.1%), from €24,785 to €87,528
- Financial income -€39,027
down €39,027 (-67.9%), from €57,436 to €18,409
- Gross operating margin -€9,971
down €9,971 (-28.3%), from €35,201 to €25,230
- Depreciation +€6,410
up €6,410 (+7.4%), from €87,183 to €93,593
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 | €3,758,261 | €3,742,951 | -€15,310 | -0.4% |
| Fixed assets | 21/28 | €3,199,266 | €3,184,515 | -€14,751 | -0.5% |
| Tangible fixed assets | 22/27 | €3,199,266 | €3,184,515 | -€14,751 | -0.5% |
| Land and buildings | 22 | €2,923,576 | €2,861,188 | -€62,388 | -2.1% |
| Plant, machinery and equipment | 23 | €269,233 | €313,267 | +€44,034 | +16.4% |
| Furniture and vehicles | 24 | €6,457 | €10,059 | +€3,602 | +55.8% |
| Current assets | 29/58 | €558,995 | €558,436 | -€559 | -0.1% |
| Amounts receivable within one year | 40/41 | €45,745 | €79,682 | +€33,937 | +74.2% |
| Other amounts receivable | 41 | €45,745 | €79,682 | +€33,937 | +74.2% |
| Current investments | 50/53 | - | €459,553 | +€459,553 | |
| Cash at bank and in hand | 54/58 | €513,250 | €9,616 | -€503,634 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €9,585 | +€9,585 | |
| Total equity and liabilities | 10/49 | €3,758,261 | €3,742,951 | -€15,310 | -0.4% |
| Equity | 10/15 | €2,851,853 | €2,705,673 | -€146,180 | -5.1% |
| Contributions | 10/11 | €2,630,000 | €2,630,000 | = | 0.0% |
| Capital | 10 | €2,630,000 | €2,630,000 | = | 0.0% |
| Issued capital | 100 | €2,630,000 | €2,630,000 | = | 0.0% |
| Reserves | 13 | €221,853 | €112,875 | -€108,978 | -49.1% |
| Non-distributable reserves | 130/1 | €112,875 | €112,875 | = | 0.0% |
| Legal reserve | 130 | €112,875 | €112,875 | = | 0.0% |
| Distributable reserves | 133 | €108,978 | €0 | -€108,978 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€37,202 | -€37,202 | |
| Amounts payable | 17/49 | €906,408 | €1,037,278 | +€130,870 | +14.4% |
| Amounts payable within one year | 42/48 | €906,408 | €1,035,001 | +€128,592 | +14.2% |
| Trade debts | 44 | €126 | €123 | -€3 | -2.4% |
| Suppliers | 440/4 | €126 | €123 | -€3 | -2.4% |
| Other amounts payable | 47/48 | €906,282 | €1,034,878 | +€128,595 | +14.2% |
| Accrued charges and deferred income | 492/3 | - | €2,278 | +€2,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,183 | €93,593 | +€6,410 | +7.4% |
| Other operating charges | 640/8 | €8,621 | €8,698 | +€77 | +0.9% |
| Gross operating margin | 9900 | €35,201 | €25,230 | -€9,971 | -28.3% |
| Operating profit (loss) | 9901 | -€60,603 | -€77,061 | -€16,458 | -27.2% |
| Financial income | 75/76B | €57,436 | €18,409 | -€39,027 | -67.9% |
| Recurring financial income | 75 | €57,436 | €18,409 | -€39,027 | -67.9% |
| Financial charges | 65/66B | €24,785 | €87,528 | +€62,743 | +253.1% |
| Recurring financial charges | 65 | €24,785 | €87,528 | +€62,743 | +253.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,952 | -€146,180 | -€118,228 | -423.0% |
| Profit (loss) for the period | 9904 | -€27,952 | -€146,180 | -€118,228 | -423.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,952 | -€146,180 | -€118,228 | -423.0% |
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 10 October 2026 via checked.be.