TILLEMAN: 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.
TILLEMAN
Largest movements
- Cash -€95,507
down €95,507 (-3.8%), from €2.5m to €2.4m
mainly Trade debts (-€270,975) and Investment in fixed assets (net) (-€52,476)
- Receivables within one year -€67,853
down €67,853 (-6.7%), from €1.0m to €947,555
of which Trade receivables: -€141,535
- Tangible fixed assets -€41,618
down €41,618 (-8.9%), from €469,447 to €427,829
of which Furniture and vehicles: -€27,620
- Trade debts -€270,975
down €270,975 (-23.8%), from €1.1m to €867,885
- Turnover -€4.1m
down €4.1m (-10.8%), from €38.4m to €34.3m
- Purchases and services -€4.0m
down €4.0m (-10.4%), from €38.0m to €34.0m
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 | €4,059,488 | €3,851,497 | -€207,991 | -5.1% |
| Fixed assets | 21/28 | €471,829 | €430,211 | -€41,618 | -8.8% |
| Tangible fixed assets | 22/27 | €469,447 | €427,829 | -€41,618 | -8.9% |
| Land and buildings | 22 | €174,791 | €161,908 | -€12,883 | -7.4% |
| Plant, machinery and equipment | 23 | €5,116 | €4,001 | -€1,114 | -21.8% |
| Furniture and vehicles | 24 | €289,540 | €261,919 | -€27,620 | -9.5% |
| Financial fixed assets | 28 | €2,382 | €2,382 | = | 0.0% |
| Current assets | 29/58 | €3,587,659 | €3,421,286 | -€166,374 | -4.6% |
| Amounts receivable within one year | 40/41 | €1,015,408 | €947,555 | -€67,853 | -6.7% |
| Trade receivables | 40 | €999,060 | €857,525 | -€141,535 | -14.2% |
| Other amounts receivable | 41 | €16,348 | €90,030 | +€73,682 | +450.7% |
| Cash at bank and in hand | 54/58 | €2,541,322 | €2,445,815 | -€95,507 | -3.8% |
| Deferred charges and accrued income | 490/1 | €30,930 | €27,916 | -€3,014 | -9.7% |
| Total equity and liabilities | 10/49 | €4,059,488 | €3,851,497 | -€207,991 | -5.1% |
| Equity | 10/15 | €2,893,258 | €2,930,028 | +€36,771 | +1.3% |
| Contributions | 10/11 | €24,913 | €24,913 | = | 0.0% |
| Reserves | 13 | €1,838,959 | €1,875,459 | +€36,500 | +2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €238,255 | €238,255 | = | 0.0% |
| Distributable reserves | 133 | €1,600,704 | €1,637,204 | +€36,500 | +2.3% |
| Profit (loss) carried forward | 14 | €1,029,385 | €1,029,656 | +€271 | 0.0% |
| Amounts payable | 17/49 | €1,166,231 | €921,469 | -€244,762 | -21.0% |
| Amounts payable within one year | 42/48 | €1,166,231 | €921,469 | -€244,762 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €380 | €380 | = | 0.0% |
| Trade debts | 44 | €1,138,861 | €867,885 | -€270,975 | -23.8% |
| Suppliers | 440/4 | €1,138,861 | €867,885 | -€270,975 | -23.8% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €12,761 | €7,020 | -€5,742 | -45.0% |
| Taxes | 450/3 | €9,358 | €0 | -€9,358 | -100.0% |
| Remuneration and social security | 454/9 | €3,403 | €7,020 | +€3,616 | +106.3% |
| Other amounts payable | 47/48 | €14,229 | €6,183 | -€8,045 | -56.5% |
| Turnover | 70 | €38,387,171 | €34,257,880 | -€4.1m | -10.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,968,670 | €34,013,930 | -€4.0m | -10.4% |
| Remuneration, social security and pensions | 62 | €71,176 | €87,961 | +€16,785 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,210 | €94,094 | -€9,116 | -8.8% |
| Other operating charges | 640/8 | €59,067 | €35,445 | -€23,622 | -40.0% |
| Gross operating margin | 9900 | €460,280 | €297,006 | -€163,275 | -35.5% |
| Operating profit (loss) | 9901 | €226,827 | €79,506 | -€147,321 | -64.9% |
| Financial income | 75/76B | €13,016 | €34,261 | +€21,245 | +163.2% |
| Recurring financial income | 75 | €13,016 | €34,261 | +€21,245 | +163.2% |
| Financial charges | 65/66B | €57,087 | €63,397 | +€6,310 | +11.1% |
| Recurring financial charges | 65 | €57,087 | €63,397 | +€6,310 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €182,756 | €50,370 | -€132,387 | -72.4% |
| Income taxes | 67/77 | €52,365 | €13,599 | -€38,766 | -74.0% |
| Profit (loss) for the period | 9904 | €130,392 | €36,771 | -€93,621 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,392 | €36,771 | -€93,621 | -71.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.