Tilo: 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.
Tilo
Largest movements
- Tangible fixed assets -€49,065
down €49,065 (-4.1%), from €1.2m to €1.2m
of which Land and buildings: -€47,114
- Receivables within one year +€38,976
up €38,976 (+9.4%), from €415,042 to €454,018
of which Other amounts receivable: +€47,377
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,482
up €2,482 (+1.9%), from €127,699 to €130,182
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 | €1,676,307 | €1,683,952 | +€7,645 | +0.5% |
| Fixed assets | 21/28 | €1,206,301 | €1,157,235 | -€49,065 | -4.1% |
| Tangible fixed assets | 22/27 | €1,206,301 | €1,157,235 | -€49,065 | -4.1% |
| Land and buildings | 22 | €1,188,835 | €1,141,721 | -€47,114 | -4.0% |
| Plant, machinery and equipment | 23 | €17,466 | €15,515 | -€1,951 | -11.2% |
| Current assets | 29/58 | €470,006 | €526,717 | +€56,710 | +12.1% |
| Amounts receivable within one year | 40/41 | €415,042 | €454,018 | +€38,976 | +9.4% |
| Trade receivables | 40 | €9,490 | €1,089 | -€8,401 | -88.5% |
| Other amounts receivable | 41 | €405,552 | €452,929 | +€47,377 | +11.7% |
| Cash at bank and in hand | 54/58 | €54,145 | €69,875 | +€15,730 | +29.1% |
| Deferred charges and accrued income | 490/1 | €819 | €2,824 | +€2,004 | +245% |
| Total equity and liabilities | 10/49 | €1,676,307 | €1,683,952 | +€7,645 | +0.5% |
| Equity | 10/15 | €1,517,119 | €1,526,719 | +€9,601 | +0.6% |
| Contributions | 10/11 | €1,475,000 | €1,475,000 | = | 0.0% |
| Capital | 10 | €1,475,000 | €1,475,000 | = | 0.0% |
| Issued capital | 100 | €1,475,000 | €1,475,000 | = | 0.0% |
| Reserves | 13 | €42,119 | €51,719 | +€9,601 | +22.8% |
| Non-distributable reserves | 130/1 | €8,701 | €11,681 | +€2,980 | +34.2% |
| Legal reserve | 130 | €8,701 | €11,681 | +€2,980 | +34.2% |
| Distributable reserves | 133 | €33,418 | €40,038 | +€6,621 | +19.8% |
| Amounts payable | 17/49 | €159,188 | €157,233 | -€1,956 | -1.2% |
| Amounts payable within one year | 42/48 | €150,811 | €153,412 | +€2,601 | +1.7% |
| Trade debts | 44 | €811 | €2,352 | +€1,541 | +190% |
| Suppliers | 440/4 | €811 | €2,352 | +€1,541 | +190% |
| Taxes, remuneration and social security | 45 | - | €1,060 | +€1,060 | |
| Taxes | 450/3 | - | €1,060 | +€1,060 | |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,378 | €3,821 | -€4,557 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,730 | €53,485 | +€755 | +1.4% |
| Other operating charges | 640/8 | €12,341 | €13,452 | +€1,111 | +9.0% |
| Gross operating margin | 9900 | €127,699 | €130,182 | +€2,482 | +1.9% |
| Operating profit (loss) | 9901 | €62,629 | €63,245 | +€616 | +1.0% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €235 | €292 | +€56 | +24.0% |
| Recurring financial charges | 65 | €235 | €292 | +€56 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €62,393 | €62,991 | +€597 | +1.0% |
| Income taxes | 67/77 | €3,098 | €3,390 | +€292 | +9.4% |
| Profit (loss) for the period | 9904 | €59,295 | €59,601 | +€306 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,295 | €59,601 | +€306 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.