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
- Receivables within one year +€26,079
up €26,079 (+385.4%), from €6,767 to €32,846
of which Other amounts receivable: +€14,242
- Cash -€7,562
down €7,562 (-2.4%), from €314,977 to €307,415
mainly Other debts (-€150,639) and Receivables within one year (-€26,079)
- Deferred charges and accrued income +€5,578
up €5,578 (+151.0%), from €3,693 to €9,272
- Reserves +€153,800
up €153,800 (+174.1%), from €88,353 to €242,153
- Other debts -€150,639
down €150,639 (-94.9%), from €158,800 to €8,161
- Tax, wage and social debts +€26,252
up €26,252 (+3430.2%), from €765 to €27,017
of which Taxes: +€26,468
- Gross operating margin -€39,110
down €39,110 (-15.7%), from €249,428 to €210,319
- Taxes -€10,961
down €10,961 (-17.4%), from €63,049 to €52,089
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 | €338,466 | €362,631 | +€24,165 | +7.1% |
| Fixed assets | 21/28 | €6,009 | €7,875 | +€1,866 | +31.1% |
| Tangible fixed assets | 22/27 | €6,009 | €7,875 | +€1,866 | +31.1% |
| Plant, machinery and equipment | 23 | €6,009 | €7,875 | +€1,866 | +31.1% |
| Current assets | 29/58 | €332,458 | €354,756 | +€22,299 | +6.7% |
| Stocks and contracts in progress | 3 | €7,020 | €5,223 | -€1,796 | -25.6% |
| Stocks | 30/36 | €7,020 | €5,223 | -€1,796 | -25.6% |
| Amounts receivable within one year | 40/41 | €6,767 | €32,846 | +€26,079 | +385.4% |
| Trade receivables | 40 | €6,009 | €17,846 | +€11,837 | +197.0% |
| Other amounts receivable | 41 | €758 | €15,000 | +€14,242 | +1879.1% |
| Cash at bank and in hand | 54/58 | €314,977 | €307,415 | -€7,562 | -2.4% |
| Deferred charges and accrued income | 490/1 | €3,693 | €9,272 | +€5,578 | +151.0% |
| Total equity and liabilities | 10/49 | €338,466 | €362,631 | +€24,165 | +7.1% |
| Equity | 10/15 | €94,403 | €248,245 | +€153,842 | +163.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €88,353 | €242,153 | +€153,800 | +174.1% |
| Distributable reserves | 133 | €88,353 | €242,153 | +€153,800 | +174.1% |
| Profit (loss) carried forward | 14 | €50 | €92 | +€42 | +84.7% |
| Amounts payable | 17/49 | €244,064 | €114,386 | -€129,677 | -53.1% |
| Amounts payable within one year | 42/48 | €162,277 | €35,418 | -€126,859 | -78.2% |
| Trade debts | 44 | €2,712 | €239 | -€2,472 | -91.2% |
| Suppliers | 440/4 | €2,712 | €239 | -€2,472 | -91.2% |
| Taxes, remuneration and social security | 45 | €765 | €27,017 | +€26,252 | +3430.2% |
| Taxes | 450/3 | €549 | €27,017 | +€26,468 | +4817.2% |
| Remuneration and social security | 454/9 | €216 | - | -€216 | |
| Other amounts payable | 47/48 | €158,800 | €8,161 | -€150,639 | -94.9% |
| Accrued charges and deferred income | 492/3 | €81,787 | €78,968 | -€2,819 | -3.4% |
| Remuneration, social security and pensions | 62 | €216 | €131 | -€85 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,616 | €2,619 | +€1,003 | +62.1% |
| Other operating charges | 640/8 | €449 | €742 | +€292 | +65.1% |
| Gross operating margin | 9900 | €249,428 | €210,319 | -€39,110 | -15.7% |
| Operating profit (loss) | 9901 | €247,147 | €206,827 | -€40,320 | -16.3% |
| Financial income | 75/76B | €127 | €515 | +€387 | +303.9% |
| Recurring financial income | 75 | €127 | €515 | +€387 | +303.9% |
| Financial charges | 65/66B | €2,512 | €1,411 | -€1,101 | -43.8% |
| Recurring financial charges | 65 | €2,512 | €1,411 | -€1,101 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €244,763 | €205,931 | -€38,832 | -15.9% |
| Income taxes | 67/77 | €63,049 | €52,089 | -€10,961 | -17.4% |
| Profit (loss) for the period | 9904 | €181,713 | €153,842 | -€27,871 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €181,713 | €153,842 | -€27,871 | -15.3% |
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 10 October 2026 via checked.be.