TILLOVAN: 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.
TILLOVAN
Largest movements
- Tangible fixed assets -€24,197
down €24,197 (-5.0%), from €483,394 to €459,198
of which Land and buildings: -€23,180
- Cash +€11,694
up €11,694 (+27.7%), from €42,270 to €53,964
mainly Depreciation (+€24,197) and Receivables within one year (+€66)
- Profit (loss) carried forward -€11,798
down €11,798 (-12.6%), from -€93,760 to -€105,558
- Gross operating margin +€27,846
up €27,846, from -€12,562 to €15,284
- Depreciation -€7,137
down €7,137 (-22.8%), from €31,334 to €24,197
- Other operating charges -€237
down €237 (-8.0%), from €2,981 to €2,744
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 | €534,031 | €521,462 | -€12,568 | -2.4% |
| Fixed assets | 21/28 | €483,394 | €459,198 | -€24,197 | -5.0% |
| Tangible fixed assets | 22/27 | €483,394 | €459,198 | -€24,197 | -5.0% |
| Land and buildings | 22 | €478,009 | €454,829 | -€23,180 | -4.8% |
| Plant, machinery and equipment | 23 | €5,385 | €4,369 | -€1,016 | -18.9% |
| Current assets | 29/58 | €50,636 | €62,265 | +€11,628 | +23.0% |
| Amounts receivable within one year | 40/41 | €8,367 | €8,300 | -€66 | -0.8% |
| Trade receivables | 40 | €3,579 | €3,579 | = | 0.0% |
| Other amounts receivable | 41 | €4,788 | €4,722 | -€66 | -1.4% |
| Cash at bank and in hand | 54/58 | €42,270 | €53,964 | +€11,694 | +27.7% |
| Total equity and liabilities | 10/49 | €534,031 | €521,462 | -€12,568 | -2.4% |
| Equity | 10/15 | €530,661 | €518,862 | -€11,798 | -2.2% |
| Contributions | 10/11 | €618,550 | €618,550 | = | 0.0% |
| Reserves | 13 | €5,871 | €5,871 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,871 | €5,871 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,871 | €5,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,760 | -€105,558 | -€11,798 | -12.6% |
| Amounts payable | 17/49 | €3,370 | €2,600 | -€770 | -22.8% |
| Amounts payable within one year | 42/48 | €3,370 | €2,600 | -€770 | -22.8% |
| Trade debts | 44 | €770 | - | -€770 | |
| Suppliers | 440/4 | €770 | - | -€770 | |
| Other amounts payable | 47/48 | €2,600 | €2,600 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,579 | +€2,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,334 | €24,197 | -€7,137 | -22.8% |
| Other operating charges | 640/8 | €2,981 | €2,744 | -€237 | -8.0% |
| Gross operating margin | 9900 | -€12,562 | €15,284 | +€27,846 | |
| Operating profit (loss) | 9901 | -€46,877 | -€11,656 | +€35,220 | +75.1% |
| Financial income | 75/76B | €114 | €30 | -€84 | -73.8% |
| Recurring financial income | 75 | €114 | €30 | -€84 | -73.8% |
| Financial charges | 65/66B | €202 | €172 | -€30 | -15.0% |
| Recurring financial charges | 65 | €202 | €172 | -€30 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,964 | -€11,798 | +€35,166 | +74.9% |
| Profit (loss) for the period | 9904 | -€46,964 | -€11,798 | +€35,166 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,964 | -€11,798 | +€35,166 | +74.9% |
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 2 October 2026 via checked.be.