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 -€57,728
down €57,728 (-35.2%), from €164,232 to €106,504
of which Other tangible fixed assets: -€42,608
- Cash +€16,009
up €16,009 (+65.6%), from €24,401 to €40,410
mainly Depreciation (+€45,313) and Investment in fixed assets (net) (+€12,415)
- Receivables within one year +€5,315
up €5,315 (+288.5%), from €1,842 to €7,157
- Profit (loss) carried forward -€36,202
down €36,202 (-29.2%), from €123,999 to €87,796
- Current portion of long-term debt -€6,433
down €6,433 (-22.5%), from €28,641 to €22,208
- Tax, wage and social debts +€4,977
up €4,977 (+4763.5%), from €104 to €5,082
- Trade debts +€4,421
up €4,421 (+19.7%), from €22,394 to €26,816
- Debts after one year -€4,364
down €4,364 (-36.7%), from €11,881 to €7,516
- Staff costs -€6,206
down €6,206 (-20.3%), from €30,541 to €24,334
- Gross operating margin +€3,996
up €3,996 (+8.5%), from €46,804 to €50,801
- Financial charges +€2,695
up €2,695 (+99.6%), from €2,707 to €5,402
- Depreciation +€1,652
up €1,652 (+3.8%), from €43,661 to €45,313
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 | €192,435 | €155,807 | -€36,628 | -19.0% |
| Fixed assets | 21/28 | €164,232 | €106,504 | -€57,728 | -35.2% |
| Tangible fixed assets | 22/27 | €164,232 | €106,504 | -€57,728 | -35.2% |
| Plant, machinery and equipment | 23 | €28,014 | €15,108 | -€12,906 | -46.1% |
| Furniture and vehicles | 24 | €5,305 | €3,092 | -€2,213 | -41.7% |
| Other tangible fixed assets | 26 | €130,913 | €88,305 | -€42,608 | -32.5% |
| Current assets | 29/58 | €28,203 | €49,303 | +€21,100 | +74.8% |
| Stocks and contracts in progress | 3 | €1,756 | €1,664 | -€93 | -5.3% |
| Stocks | 30/36 | €1,756 | €1,664 | -€93 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,842 | €7,157 | +€5,315 | +288.5% |
| Other amounts receivable | 41 | €1,842 | €7,157 | +€5,315 | +288.5% |
| Cash at bank and in hand | 54/58 | €24,401 | €40,410 | +€16,009 | +65.6% |
| Deferred charges and accrued income | 490/1 | €204 | €73 | -€131 | -64.4% |
| Total equity and liabilities | 10/49 | €192,435 | €155,807 | -€36,628 | -19.0% |
| Equity | 10/15 | €128,999 | €92,796 | -€36,202 | -28.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,999 | €87,796 | -€36,202 | -29.2% |
| Amounts payable | 17/49 | €63,436 | €63,011 | -€426 | -0.7% |
| Amounts payable after more than one year | 17 | €11,881 | €7,516 | -€4,364 | -36.7% |
| Financial debts | 170/4 | €11,881 | €7,516 | -€4,364 | -36.7% |
| Amounts payable within one year | 42/48 | €51,556 | €55,494 | +€3,939 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €28,641 | €22,208 | -€6,433 | -22.5% |
| Trade debts | 44 | €22,394 | €26,816 | +€4,421 | +19.7% |
| Suppliers | 440/4 | €22,394 | €26,816 | +€4,421 | +19.7% |
| Taxes, remuneration and social security | 45 | €104 | €5,082 | +€4,977 | +4763.5% |
| Taxes | 450/3 | €104 | €5,082 | +€4,977 | +4763.5% |
| Other amounts payable | 47/48 | €416 | €1,388 | +€973 | +234.2% |
| Remuneration, social security and pensions | 62 | €30,541 | €24,334 | -€6,206 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,661 | €45,313 | +€1,652 | +3.8% |
| Other operating charges | 640/8 | €2,418 | €2,144 | -€274 | -11.3% |
| Non-recurring operating charges | 66A | - | €9,807 | +€9,807 | |
| Gross operating margin | 9900 | €46,804 | €50,801 | +€3,996 | +8.5% |
| Operating profit (loss) | 9901 | -€29,815 | -€30,798 | -€983 | -3.3% |
| Financial income | 75/76B | €44 | €268 | +€224 | +507.9% |
| Recurring financial income | 75 | €44 | €268 | +€224 | +507.9% |
| Financial charges | 65/66B | €2,707 | €5,402 | +€2,695 | +99.6% |
| Recurring financial charges | 65 | €2,707 | €5,402 | +€2,695 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,478 | -€35,932 | -€3,455 | -10.6% |
| Income taxes | 67/77 | €352 | €270 | -€82 | -23.4% |
| Profit (loss) for the period | 9904 | -€32,830 | -€36,202 | -€3,372 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,830 | -€36,202 | -€3,372 | -10.3% |
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 12 October 2026 via checked.be.