TILLIEU: 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.
TILLIEU
Largest movements
- Receivables within one year -€141,555
down €141,555 (-41.4%), from €342,047 to €200,493
of which Trade receivables: -€87,769
- Tangible fixed assets -€83,911
down €83,911 (-29.6%), from €283,132 to €199,221
of which Furniture and vehicles: -€80,449
- Stocks and contracts -€26,326
down €26,326 (-57.3%), from €45,972 to €19,646
- Cash +€17,300
up €17,300 (+7.9%), from €218,500 to €235,800
mainly Receivables within one year (+€141,555) and Depreciation (+€100,001)
- Deferred charges and accrued income +€14,187
up €14,187 (+26.1%), from €54,379 to €68,566
- Reserves -€69,000
down €69,000 (-14.4%), from €479,252 to €410,252
of which Distributable reserves: -€69,000
- Debts after one year -€67,200
down €67,200 (-42.4%), from €158,541 to €91,341
- Other debts -€54,626
down €54,626 (-100%), from €54,626 to €0
- Trade debts -€25,633
down €25,633 (-23.6%), from €108,463 to €82,830
- Current portion of long-term debt -€15,097
down €15,097 (-18.3%), from €82,296 to €67,200
- Depreciation +€16,579
up €16,579 (+19.9%), from €83,421 to €100,001
- Staff costs +€9,753
up €9,753 (+4.1%), from €240,744 to €250,498
- Gross operating margin +€5,918
up €5,918 (+1.6%), from €360,331 to €366,249
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 | €949,055 | €731,651 | -€217,404 | -22.9% |
| Fixed assets | 21/28 | €288,157 | €207,146 | -€81,011 | -28.1% |
| Tangible fixed assets | 22/27 | €283,132 | €199,221 | -€83,911 | -29.6% |
| Plant, machinery and equipment | 23 | €16,660 | €13,199 | -€3,461 | -20.8% |
| Furniture and vehicles | 24 | €266,472 | €186,023 | -€80,449 | -30.2% |
| Financial fixed assets | 28 | €5,025 | €7,925 | +€2,900 | +57.7% |
| Current assets | 29/58 | €660,898 | €524,505 | -€136,393 | -20.6% |
| Stocks and contracts in progress | 3 | €45,972 | €19,646 | -€26,326 | -57.3% |
| Stocks | 30/36 | €45,972 | €19,646 | -€26,326 | -57.3% |
| Amounts receivable within one year | 40/41 | €342,047 | €200,493 | -€141,555 | -41.4% |
| Trade receivables | 40 | €269,257 | €181,488 | -€87,769 | -32.6% |
| Other amounts receivable | 41 | €72,790 | €19,005 | -€53,785 | -73.9% |
| Cash at bank and in hand | 54/58 | €218,500 | €235,800 | +€17,300 | +7.9% |
| Deferred charges and accrued income | 490/1 | €54,379 | €68,566 | +€14,187 | +26.1% |
| Total equity and liabilities | 10/49 | €949,055 | €731,651 | -€217,404 | -22.9% |
| Equity | 10/15 | €509,460 | €440,079 | -€69,382 | -13.6% |
| Contributions | 10/11 | €29,750 | €29,750 | = | 0.0% |
| Reserves | 13 | €479,252 | €410,252 | -€69,000 | -14.4% |
| Tax-exempt reserves | 132 | €38,252 | €38,252 | = | 0.0% |
| Distributable reserves | 133 | €441,000 | €372,000 | -€69,000 | -15.6% |
| Profit (loss) carried forward | 14 | €458 | €77 | -€382 | -83.3% |
| Amounts payable | 17/49 | €439,594 | €291,572 | -€148,022 | -33.7% |
| Amounts payable after more than one year | 17 | €158,541 | €91,341 | -€67,200 | -42.4% |
| Financial debts | 170/4 | €158,541 | €91,341 | -€67,200 | -42.4% |
| Amounts payable within one year | 42/48 | €281,054 | €199,934 | -€81,120 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €82,296 | €67,200 | -€15,097 | -18.3% |
| Trade debts | 44 | €108,463 | €82,830 | -€25,633 | -23.6% |
| Suppliers | 440/4 | €108,463 | €82,830 | -€25,633 | -23.6% |
| Taxes, remuneration and social security | 45 | €35,668 | €49,904 | +€14,236 | +39.9% |
| Taxes | 450/3 | €6,841 | €11,392 | +€4,550 | +66.5% |
| Remuneration and social security | 454/9 | €28,826 | €38,513 | +€9,686 | +33.6% |
| Other amounts payable | 47/48 | €54,626 | €0 | -€54,626 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €297 | +€297 | |
| Non-recurring operating income | 76A | - | €96,864 | +€96,864 | |
| Remuneration, social security and pensions | 62 | €240,744 | €250,498 | +€9,753 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,421 | €100,001 | +€16,579 | +19.9% |
| Other operating charges | 640/8 | €77,386 | €79,304 | +€1,918 | +2.5% |
| Non-recurring operating charges | 66A | €0 | €1,184 | +€1,184 | |
| Gross operating margin | 9900 | €360,331 | €366,249 | +€5,918 | +1.6% |
| Operating profit (loss) | 9901 | -€41,220 | -€64,737 | -€23,517 | -57.1% |
| Financial income | 75/76B | €4,961 | €2,468 | -€2,493 | -50.3% |
| Recurring financial income | 75 | €4,961 | €2,468 | -€2,493 | -50.3% |
| Financial charges | 65/66B | €6,876 | €7,113 | +€237 | +3.4% |
| Recurring financial charges | 65 | €6,876 | €7,113 | +€237 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,135 | -€69,382 | -€26,247 | -60.8% |
| Income taxes | 67/77 | -€2 | €0 | +€2 | |
| Profit (loss) for the period | 9904 | -€43,134 | -€69,382 | -€26,248 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,134 | -€69,382 | -€26,248 | -60.9% |
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.