TILLEULS 33: 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.
TILLEULS 33
Largest movements
- Tangible fixed assets +€454,031
up €454,031 (+483%), from €94,066 to €548,096
of which Land and buildings: +€458,220
- Cash -€118,582
down €118,582 (-98.2%), from €120,716 to €2,133
mainly Investment in fixed assets (net) (-€475,168) and Other debts (-€149,920)
- Debts after one year +€548,365
new in 2025: €548,365
- Other debts -€149,920
down €149,920 (-99.9%), from €150,000 to €80
- Trade debts -€66,835
down €66,835 (-99.2%), from €67,379 to €545
- Current portion of long-term debt +€15,383
new in 2025: €15,383
- Profit (loss) carried forward -€14,045
down €14,045 (-453%), from -€3,098 to -€17,143
- Depreciation +€20,540
up €20,540 (+3,436%), from €598 to €21,138
- Gross operating margin +€18,124
up €18,124, from -€705 to €17,420
- Financial charges +€9,730
up €9,730 (+324,341%), from €3 to €9,733
- Other operating charges +€403
up €403 (+211%), from €191 to €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.
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 | €217,281 | €550,229 | +€332,948 | +153% |
| Fixed assets | 21/28 | €94,066 | €548,096 | +€454,031 | +483% |
| Tangible fixed assets | 22/27 | €94,066 | €548,096 | +€454,031 | +483% |
| Land and buildings | 22 | €71,099 | €529,319 | +€458,220 | +644% |
| Furniture and vehicles | 24 | €4,467 | €18,777 | +€14,310 | +320% |
| Assets under construction and advance payments | 27 | €18,500 | €0 | -€18,500 | -100% |
| Current assets | 29/58 | €123,216 | €2,133 | -€121,082 | -98.3% |
| Amounts receivable within one year | 40/41 | €2,500 | €0 | -€2,500 | -100% |
| Trade receivables | 40 | €2,500 | €0 | -€2,500 | -100% |
| Cash at bank and in hand | 54/58 | €120,716 | €2,133 | -€118,582 | -98.2% |
| Total equity and liabilities | 10/49 | €217,281 | €550,229 | +€332,948 | +153% |
| Equity | 10/15 | -€98 | -€14,143 | -€14,045 | -14,323% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,098 | -€17,143 | -€14,045 | -453% |
| Amounts payable | 17/49 | €217,379 | €564,372 | +€346,993 | +160% |
| Amounts payable after more than one year | 17 | - | €548,365 | +€548,365 | |
| Financial debts | 170/4 | - | €548,365 | +€548,365 | |
| Amounts payable within one year | 42/48 | €217,379 | €16,007 | -€201,372 | -92.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,383 | +€15,383 | |
| Trade debts | 44 | €67,379 | €545 | -€66,835 | -99.2% |
| Suppliers | 440/4 | €67,379 | €545 | -€66,835 | -99.2% |
| Other amounts payable | 47/48 | €150,000 | €80 | -€149,920 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €21,138 | +€20,540 | +3,436% |
| Other operating charges | 640/8 | €191 | €593 | +€403 | +211% |
| Gross operating margin | 9900 | -€705 | €17,420 | +€18,124 | |
| Operating profit (loss) | 9901 | -€1,493 | -€4,311 | -€2,818 | -189% |
| Financial charges | 65/66B | €3 | €9,733 | +€9,730 | +324,341% |
| Recurring financial charges | 65 | €3 | €9,733 | +€9,730 | +324,341% |
| Profit (loss) for the period before taxes | 9903 | -€1,496 | -€14,045 | -€12,549 | -839% |
| Profit (loss) for the period | 9904 | -€1,496 | -€14,045 | -€12,549 | -839% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,496 | -€14,045 | -€12,549 | -839% |
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 29 October 2026 via checked.be.