TILMAN: 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.
TILMAN
Largest movements
- Tangible fixed assets +€26,411
up €26,411 (+1,207%), from €2,189 to €28,600
of which Furniture and vehicles: +€26,686
- Receivables within one year -€4,797
down €4,797 (-51.5%), from €9,318 to €4,521
of which Trade receivables: -€3,520
- Deferred charges and accrued income -€746
no longer reported in 2025 (was €746)
- Reserves +€9,493
new in 2025: €9,493
- Debts after one year +€6,010
new in 2025: €6,010
- Current portion of long-term debt +€4,971
new in 2025: €4,971
- Tax, wage and social debts -€2,192
down €2,192 (-41.6%), from €5,269 to €3,077
of which Remuneration and social security: -€1,149
- Other debts +€1,925
up €1,925 (+703%), from €274 to €2,199
- Gross operating margin +€15,689
up €15,689 (+313%), from €5,016 to €20,705
- Depreciation +€5,850
up €5,850 (+1,474%), from €397 to €6,247
- Taxes +€2,107
up €2,107 (+143%), from €1,470 to €3,577
- Financial charges +€465
up €465 (+596%), from €78 to €543
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 | €25,314 | €45,970 | +€20,656 | +81.6% |
| Fixed assets | 21/28 | €2,189 | €28,600 | +€26,411 | +1,207% |
| Tangible fixed assets | 22/27 | €2,189 | €28,600 | +€26,411 | +1,207% |
| Plant, machinery and equipment | 23 | €2,122 | €1,847 | -€275 | -13.0% |
| Furniture and vehicles | 24 | €67 | €26,753 | +€26,686 | +39,830% |
| Current assets | 29/58 | €23,125 | €17,370 | -€5,755 | -24.9% |
| Amounts receivable within one year | 40/41 | €9,318 | €4,521 | -€4,797 | -51.5% |
| Trade receivables | 40 | €7,588 | €4,068 | -€3,520 | -46.4% |
| Other amounts receivable | 41 | €1,730 | €453 | -€1,277 | -73.8% |
| Cash at bank and in hand | 54/58 | €13,061 | €12,849 | -€212 | -1.6% |
| Deferred charges and accrued income | 490/1 | €746 | - | -€746 | |
| Total equity and liabilities | 10/49 | €25,314 | €45,970 | +€20,656 | +81.6% |
| Equity | 10/15 | €18,434 | €28,093 | +€9,659 | +52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,493 | +€9,493 | |
| Distributable reserves | 133 | - | €9,493 | +€9,493 | |
| Profit (loss) carried forward | 14 | -€166 | - | +€166 | |
| Amounts payable | 17/49 | €6,880 | €17,877 | +€10,997 | +160% |
| Amounts payable after more than one year | 17 | - | €6,010 | +€6,010 | |
| Financial debts | 170/4 | - | €6,010 | +€6,010 | |
| Amounts payable within one year | 42/48 | €6,880 | €11,867 | +€4,987 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,971 | +€4,971 | |
| Trade debts | 44 | €1,337 | €1,620 | +€283 | +21.2% |
| Suppliers | 440/4 | €1,337 | €1,620 | +€283 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,269 | €3,077 | -€2,192 | -41.6% |
| Taxes | 450/3 | €4,120 | €3,077 | -€1,043 | -25.3% |
| Remuneration and social security | 454/9 | €1,149 | - | -€1,149 | |
| Other amounts payable | 47/48 | €274 | €2,199 | +€1,925 | +703% |
| Non-recurring operating income | 76A | - | €9,089 | +€9,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397 | €6,247 | +€5,850 | +1,474% |
| Other operating charges | 640/8 | €674 | €687 | +€13 | +1.9% |
| Gross operating margin | 9900 | €5,016 | €20,705 | +€15,689 | +313% |
| Operating profit (loss) | 9901 | €3,945 | €13,771 | +€9,826 | +249% |
| Financial income | 75/76B | €24 | €8 | -€16 | -66.7% |
| Recurring financial income | 75 | €24 | €8 | -€16 | -66.7% |
| Financial charges | 65/66B | €78 | €543 | +€465 | +596% |
| Recurring financial charges | 65 | €78 | €543 | +€465 | +596% |
| Profit (loss) for the period before taxes | 9903 | €3,891 | €13,236 | +€9,345 | +240% |
| Income taxes | 67/77 | €1,470 | €3,577 | +€2,107 | +143% |
| Profit (loss) for the period | 9904 | €2,421 | €9,659 | +€7,238 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €2,421 | €9,659 | +€7,238 | +299% |
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 16 October 2026 via checked.be.