Tillman Belgium: what changed
Tillman Belgium
Largest movements
- Cash -€97,887
down €97,887 (-47.8%), from €204,628 to €106,741
mainly Contributions, distributions and other (-€300,000) and Trade debts (-€81,478)
- Receivables within one year -€37,300
down €37,300 (-7.2%), from €519,058 to €481,758
of which Trade receivables: -€54,970
- Tangible fixed assets -€12,789
down €12,789 (-55.0%), from €23,240 to €10,452
- Reserves -€105,129
down €105,129 (-42.7%), from €245,974 to €140,844
of which Distributable reserves: -€105,129
- Trade debts -€81,478
down €81,478 (-61.5%), from €132,398 to €50,919
- Other debts +€50,000
up €50,000 (+19.5%), from €255,877 to €305,877
- Tax, wage and social debts -€11,696
down €11,696 (-11.6%), from €100,966 to €89,269
of which Taxes: -€9,960
- Gross operating margin -€265,133
down €265,133 (-39.2%), from €676,064 to €410,931
- Staff costs -€78,407
down €78,407 (-40.8%), from €192,260 to €113,853
- Taxes -€53,683
down €53,683 (-43.0%), from €124,745 to €71,062
- Write-downs +€7,343
up €7,343 (+118%), from €6,202 to €13,545
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €755,045 | €606,741 | -€148,304 | -19.6% |
| Fixed assets | 21/28 | €23,240 | €10,452 | -€12,789 | -55.0% |
| Tangible fixed assets | 22/27 | €23,240 | €10,452 | -€12,789 | -55.0% |
| Furniture and vehicles | 24 | €23,240 | €10,452 | -€12,789 | -55.0% |
| Current assets | 29/58 | €731,805 | €596,290 | -€135,515 | -18.5% |
| Amounts receivable within one year | 40/41 | €519,058 | €481,758 | -€37,300 | -7.2% |
| Trade receivables | 40 | €517,790 | €462,820 | -€54,970 | -10.6% |
| Other amounts receivable | 41 | €1,269 | €18,938 | +€17,669 | +1,393% |
| Cash at bank and in hand | 54/58 | €204,628 | €106,741 | -€97,887 | -47.8% |
| Deferred charges and accrued income | 490/1 | €8,119 | €7,790 | -€328 | -4.0% |
| Total equity and liabilities | 10/49 | €755,045 | €606,741 | -€148,304 | -19.6% |
| Equity | 10/15 | €265,805 | €160,676 | -€105,129 | -39.6% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €245,974 | €140,844 | -€105,129 | -42.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,671 | €2,671 | = | 0.0% |
| Distributable reserves | 133 | €243,303 | €138,173 | -€105,129 | -43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €489,240 | €446,065 | -€43,175 | -8.8% |
| Amounts payable within one year | 42/48 | €489,240 | €446,065 | -€43,175 | -8.8% |
| Trade debts | 44 | €132,398 | €50,919 | -€81,478 | -61.5% |
| Suppliers | 440/4 | €132,398 | €50,919 | -€81,478 | -61.5% |
| Taxes, remuneration and social security | 45 | €100,966 | €89,269 | -€11,696 | -11.6% |
| Taxes | 450/3 | €83,316 | €73,356 | -€9,960 | -12.0% |
| Remuneration and social security | 454/9 | €17,650 | €15,913 | -€1,736 | -9.8% |
| Other amounts payable | 47/48 | €255,877 | €305,877 | +€50,000 | +19.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €192,260 | €113,853 | -€78,407 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,292 | €12,789 | -€504 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,202 | €13,545 | +€7,343 | +118% |
| Other operating charges | 640/8 | €2,345 | €2,596 | +€251 | +10.7% |
| Gross operating margin | 9900 | €676,064 | €410,931 | -€265,133 | -39.2% |
| Operating profit (loss) | 9901 | €461,964 | €268,147 | -€193,817 | -42.0% |
| Financial income | 75/76B | €1 | €9 | +€8 | +756% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +756% |
| Financial charges | 65/66B | €2,031 | €2,223 | +€192 | +9.5% |
| Recurring financial charges | 65 | €2,031 | €2,223 | +€192 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €459,934 | €265,933 | -€194,002 | -42.2% |
| Income taxes | 67/77 | €124,745 | €71,062 | -€53,683 | -43.0% |
| Profit (loss) for the period | 9904 | €335,189 | €194,871 | -€140,318 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €335,189 | €194,871 | -€140,318 | -41.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.