TILO BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year +€13,829
up €13,829 (+69.0%), from €20,031 to €33,859
of which Trade receivables: +€23,858
- Tangible fixed assets -€13,435
down €13,435 (-90.4%), from €14,856 to €1,420
of which Leasing and similar rights: -€14,856
- Stocks and contracts +€7,512
up €7,512 (+178%), from €4,211 to €11,723
- Cash -€1,090
down €1,090 (-3.4%), from €32,261 to €31,171
mainly Receivables within one year (-€13,829) and Tax, wage and social debts (-€11,083)
- Tax, wage and social debts -€11,083
down €11,083 (-49.4%), from €22,431 to €11,348
of which Taxes: -€9,086
- Profit (loss) carried forward +€9,513
up €9,513 (+23.9%), from -€39,876 to -€30,364
- Other debts +€6,000
new in 2025: €6,000
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Trade debts -€3,154
down €3,154 (-4.4%), from €71,525 to €68,370
- Staff costs -€34,930
down €34,930 (-44.8%), from €77,903 to €42,973
- Gross operating margin -€17,252
down €17,252 (-15.8%), from €109,128 to €91,876
- Financial charges +€12,474
up €12,474 (+668%), from €1,869 to €14,343
- Other operating charges -€5,394
down €5,394 (-71.8%), from €7,508 to €2,114
- Taxes -€1,474
down €1,474 (-24.4%), from €6,040 to €4,566
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 | €72,679 | €79,955 | +€7,276 | +10.0% |
| Fixed assets | 21/28 | €15,456 | €2,020 | -€13,435 | -86.9% |
| Tangible fixed assets | 22/27 | €14,856 | €1,420 | -€13,435 | -90.4% |
| Plant, machinery and equipment | 23 | - | €1,420 | +€1,420 | |
| Leasing and similar rights | 25 | €14,856 | - | -€14,856 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €57,224 | €77,935 | +€20,711 | +36.2% |
| Stocks and contracts in progress | 3 | €4,211 | €11,723 | +€7,512 | +178% |
| Stocks | 30/36 | €4,211 | €11,723 | +€7,512 | +178% |
| Amounts receivable within one year | 40/41 | €20,031 | €33,859 | +€13,829 | +69.0% |
| Trade receivables | 40 | €921 | €24,779 | +€23,858 | +2,591% |
| Other amounts receivable | 41 | €19,110 | €9,081 | -€10,029 | -52.5% |
| Cash at bank and in hand | 54/58 | €32,261 | €31,171 | -€1,090 | -3.4% |
| Deferred charges and accrued income | 490/1 | €721 | €1,180 | +€459 | +63.6% |
| Total equity and liabilities | 10/49 | €72,679 | €79,955 | +€7,276 | +10.0% |
| Equity | 10/15 | -€21,276 | -€11,764 | +€9,513 | +44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€39,876 | -€30,364 | +€9,513 | +23.9% |
| Amounts payable | 17/49 | €93,956 | €91,718 | -€2,237 | -2.4% |
| Amounts payable within one year | 42/48 | €93,956 | €85,718 | -€8,237 | -8.8% |
| Trade debts | 44 | €71,525 | €68,370 | -€3,154 | -4.4% |
| Suppliers | 440/4 | €71,525 | €68,370 | -€3,154 | -4.4% |
| Taxes, remuneration and social security | 45 | €22,431 | €11,348 | -€11,083 | -49.4% |
| Taxes | 450/3 | €13,651 | €4,566 | -€9,086 | -66.6% |
| Remuneration and social security | 454/9 | €8,780 | €6,783 | -€1,997 | -22.7% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €77,903 | €42,973 | -€34,930 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,395 | €13,435 | +€40 | +0.3% |
| Other operating charges | 640/8 | €7,508 | €2,114 | -€5,394 | -71.8% |
| Gross operating margin | 9900 | €109,128 | €91,876 | -€17,252 | -15.8% |
| Operating profit (loss) | 9901 | €10,322 | €33,354 | +€23,032 | +223% |
| Financial income | 75/76B | €673 | €1,068 | +€394 | +58.6% |
| Recurring financial income | 75 | €673 | €1,068 | +€394 | +58.6% |
| Financial charges | 65/66B | €1,869 | €14,343 | +€12,474 | +668% |
| Recurring financial charges | 65 | €1,869 | €14,343 | +€12,474 | +668% |
| Profit (loss) for the period before taxes | 9903 | €9,127 | €20,079 | +€10,952 | +120% |
| Income taxes | 67/77 | €6,040 | €4,566 | -€1,474 | -24.4% |
| Profit (loss) for the period | 9904 | €3,087 | €15,513 | +€12,426 | +402% |
| Profit (loss) for the period to be appropriated | 9905 | €3,087 | €15,513 | +€12,426 | +402% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.