TILLEUL 20: 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.
TILLEUL 20
Largest movements
- Tangible fixed assets +€249,169
up €249,169 (+38.9%), from €641,170 to €890,339
- Debts after one year +€500,440
up €500,440 (+204%), from €244,890 to €745,330
of which Other amounts payable: +€561,621
- Other debts -€475,529
down €475,529 (-95.4%), from €498,423 to €22,894
- Revaluation surpluses +€261,200
new in 2025: €261,200
- Profit (loss) carried forward -€40,372
down €40,372 (-22.2%), from -€182,129 to -€222,500
- Financial charges -€14,081
down €14,081 (-28.0%), from €50,323 to €36,242
- Gross operating margin -€1,935
down €1,935 (-6.0%), from €32,103 to €30,169
- Depreciation -€909
down €909 (-2.7%), from €33,512 to €32,603
- Other operating charges -€697
down €697 (-29.1%), from €2,392 to €1,695
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 | €642,666 | €893,090 | +€250,423 | +39.0% |
| Fixed assets | 21/28 | €641,170 | €890,339 | +€249,169 | +38.9% |
| Tangible fixed assets | 22/27 | €641,170 | €890,339 | +€249,169 | +38.9% |
| Land and buildings | 22 | €641,170 | €890,339 | +€249,169 | +38.9% |
| Current assets | 29/58 | €1,496 | €2,750 | +€1,255 | +83.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €967 | €2,185 | +€1,218 | +126% |
| Deferred charges and accrued income | 490/1 | €529 | €565 | +€36 | +6.8% |
| Total equity and liabilities | 10/49 | €642,666 | €893,090 | +€250,423 | +39.0% |
| Equity | 10/15 | -€163,529 | €57,300 | +€220,828 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €261,200 | +€261,200 | |
| Profit (loss) carried forward | 14 | -€182,129 | -€222,500 | -€40,372 | -22.2% |
| Amounts payable | 17/49 | €806,195 | €835,790 | +€29,595 | +3.7% |
| Amounts payable after more than one year | 17 | €244,890 | €745,330 | +€500,440 | +204% |
| Financial debts | 170/4 | €238,590 | €177,408 | -€61,181 | -25.6% |
| Other amounts payable | 178/9 | €6,300 | €567,921 | +€561,621 | +8,915% |
| Amounts payable within one year | 42/48 | €560,511 | €89,630 | -€470,881 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €60,448 | €61,181 | +€733 | +1.2% |
| Trade debts | 44 | €1,639 | €5,554 | +€3,915 | +239% |
| Suppliers | 440/4 | €1,639 | €5,554 | +€3,915 | +239% |
| Other amounts payable | 47/48 | €498,423 | €22,894 | -€475,529 | -95.4% |
| Accrued charges and deferred income | 492/3 | €795 | €830 | +€36 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,512 | €32,603 | -€909 | -2.7% |
| Other operating charges | 640/8 | €2,392 | €1,695 | -€697 | -29.1% |
| Gross operating margin | 9900 | €32,103 | €30,169 | -€1,935 | -6.0% |
| Operating profit (loss) | 9901 | -€3,801 | -€4,129 | -€328 | -8.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €50,323 | €36,242 | -€14,081 | -28.0% |
| Recurring financial charges | 65 | €50,323 | €36,242 | -€14,081 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,124 | -€40,372 | +€13,753 | +25.4% |
| Profit (loss) for the period | 9904 | -€54,124 | -€40,372 | +€13,753 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,124 | -€40,372 | +€13,753 | +25.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.