Tillman: 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.
Tillman
Largest movements
- Tangible fixed assets +€16,195
up €16,195 (+26.3%), from €61,682 to €77,877
of which Furniture and vehicles: +€9,767
- Cash +€10,618
up €10,618 (+26.1%), from €40,758 to €51,376
mainly Depreciation (+€21,087) and Debts after one year (+€14,081)
- Debts after one year +€14,081
new in 2025: €14,081
- Trade debts +€9,789
up €9,789 (+5.1%), from €190,442 to €200,231
- Reserves -€9,497
down €9,497 (-8.2%), from €115,551 to €106,054
- Current portion of long-term debt +€5,527
new in 2025: €5,527
- Other debts +€5,140
up €5,140 (+1236.9%), from €416 to €5,556
- Gross operating margin -€125,490
down €125,490 (-42.0%), from €298,647 to €173,157
- Taxes -€31,413
down €31,413 (-98.8%), from €31,799 to €385
- Staff costs +€22,501
up €22,501 (+19.9%), from €113,067 to €135,568
- Depreciation +€4,829
up €4,829 (+29.7%), from €16,258 to €21,087
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 | €463,184 | €491,898 | +€28,714 | +6.2% |
| Fixed assets | 21/28 | €61,685 | €77,890 | +€16,205 | +26.3% |
| Tangible fixed assets | 22/27 | €61,682 | €77,877 | +€16,195 | +26.3% |
| Land and buildings | 22 | €10,080 | €9,006 | -€1,074 | -10.7% |
| Plant, machinery and equipment | 23 | €3,171 | €10,673 | +€7,502 | +236.5% |
| Furniture and vehicles | 24 | €48,431 | €58,198 | +€9,767 | +20.2% |
| Financial fixed assets | 28 | €3 | €13 | +€10 | +333.3% |
| Current assets | 29/58 | €401,499 | €414,008 | +€12,509 | +3.1% |
| Amounts receivable within one year | 40/41 | €345,098 | €348,381 | +€3,283 | +1.0% |
| Trade receivables | 40 | €312,329 | €333,490 | +€21,162 | +6.8% |
| Other amounts receivable | 41 | €32,769 | €14,890 | -€17,879 | -54.6% |
| Cash at bank and in hand | 54/58 | €40,758 | €51,376 | +€10,618 | +26.1% |
| Deferred charges and accrued income | 490/1 | €15,643 | €14,252 | -€1,391 | -8.9% |
| Total equity and liabilities | 10/49 | €463,184 | €491,898 | +€28,714 | +6.2% |
| Equity | 10/15 | €215,551 | €206,054 | -€9,497 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €115,551 | €106,054 | -€9,497 | -8.2% |
| Distributable reserves | 133 | €115,551 | €106,054 | -€9,497 | -8.2% |
| Amounts payable | 17/49 | €247,633 | €285,843 | +€38,210 | +15.4% |
| Amounts payable after more than one year | 17 | - | €14,081 | +€14,081 | |
| Financial debts | 170/4 | - | €14,081 | +€14,081 | |
| Amounts payable within one year | 42/48 | €247,633 | €271,762 | +€24,129 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,527 | +€5,527 | |
| Financial debts | 43 | - | €1,337 | +€1,337 | |
| Credit institutions | 430/8 | - | €1,337 | +€1,337 | |
| Trade debts | 44 | €190,442 | €200,231 | +€9,789 | +5.1% |
| Suppliers | 440/4 | €190,442 | €200,231 | +€9,789 | +5.1% |
| Taxes, remuneration and social security | 45 | €56,776 | €59,110 | +€2,334 | +4.1% |
| Taxes | 450/3 | €36,002 | €43,331 | +€7,328 | +20.4% |
| Remuneration and social security | 454/9 | €20,774 | €15,779 | -€4,994 | -24.0% |
| Other amounts payable | 47/48 | €416 | €5,556 | +€5,140 | +1236.9% |
| Remuneration, social security and pensions | 62 | €113,067 | €135,568 | +€22,501 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,258 | €21,087 | +€4,829 | +29.7% |
| Other operating charges | 640/8 | €20,659 | €22,586 | +€1,927 | +9.3% |
| Gross operating margin | 9900 | €298,647 | €173,157 | -€125,490 | -42.0% |
| Operating profit (loss) | 9901 | €148,664 | -€6,084 | -€154,748 | |
| Financial income | 75/76B | €49 | €100 | +€51 | +102.5% |
| Recurring financial income | 75 | €49 | €100 | +€51 | +102.5% |
| Financial charges | 65/66B | €1,364 | €3,128 | +€1,764 | +129.3% |
| Recurring financial charges | 65 | €1,364 | €3,128 | +€1,764 | +129.3% |
| Profit (loss) for the period before taxes | 9903 | €147,349 | -€9,111 | -€156,461 | |
| Income taxes | 67/77 | €31,799 | €385 | -€31,413 | -98.8% |
| Profit (loss) for the period | 9904 | €115,551 | -€9,497 | -€125,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,551 | -€9,497 | -€125,047 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.