TILOROX: what changed
Two fiscal 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.
TILOROX
Largest movements
- Tangible fixed assets +€213,865
up €213,865 (+505.7%), from €42,289 to €256,154
of which Land and buildings: +€209,939
- Cash -€19,098
down €19,098 (-37.4%), from €51,056 to €31,958
mainly Investment in fixed assets (net) (-€231,411) and Deferred charges and accrued income (-€3,118)
- Debts after one year +€140,577
up €140,577 (+849.6%), from €16,547 to €157,124
- Reserves +€28,873
up €28,873 (+40.7%), from €70,977 to €99,850
- Current portion of long-term debt +€13,800
up €13,800 (+245.4%), from €5,623 to €19,423
- Tax, wage and social debts +€7,234
up €7,234 (+139.5%), from €5,187 to €12,422
- Trade debts +€3,204
up €3,204 (+412.7%), from €776 to €3,980
- Gross operating margin +€8,857
up €8,857 (+15.1%), from €58,712 to €67,569
- Depreciation +€2,873
up €2,873 (+19.6%), from €14,673 to €17,546
- Taxes +€1,200
up €1,200 (+11.4%), from €10,510 to €11,710
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 | €119,854 | €314,799 | +€194,945 | +162.7% |
| Fixed assets | 21/28 | €42,289 | €256,154 | +€213,865 | +505.7% |
| Tangible fixed assets | 22/27 | €42,289 | €256,154 | +€213,865 | +505.7% |
| Land and buildings | 22 | - | €209,939 | +€209,939 | |
| Plant, machinery and equipment | 23 | €1,029 | €3,211 | +€2,182 | +212.0% |
| Furniture and vehicles | 24 | €28,775 | €29,424 | +€649 | +2.3% |
| Other tangible fixed assets | 26 | €12,485 | €13,580 | +€1,096 | +8.8% |
| Current assets | 29/58 | €77,565 | €58,645 | -€18,920 | -24.4% |
| Amounts receivable within one year | 40/41 | €23,622 | €20,682 | -€2,940 | -12.4% |
| Trade receivables | 40 | €16,642 | €17,505 | +€863 | +5.2% |
| Other amounts receivable | 41 | €6,980 | €3,177 | -€3,803 | -54.5% |
| Cash at bank and in hand | 54/58 | €51,056 | €31,958 | -€19,098 | -37.4% |
| Deferred charges and accrued income | 490/1 | €2,887 | €6,005 | +€3,118 | +108.0% |
| Total equity and liabilities | 10/49 | €119,854 | €314,799 | +€194,945 | +162.7% |
| Equity | 10/15 | €89,577 | €118,450 | +€28,873 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,977 | €99,850 | +€28,873 | +40.7% |
| Distributable reserves | 133 | €70,977 | €99,850 | +€28,873 | +40.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,277 | €196,350 | +€166,073 | +548.5% |
| Amounts payable after more than one year | 17 | €16,547 | €157,124 | +€140,577 | +849.6% |
| Financial debts | 170/4 | €16,547 | €157,124 | +€140,577 | +849.6% |
| Amounts payable within one year | 42/48 | €13,730 | €39,226 | +€25,496 | +185.7% |
| Current portion of amounts payable after more than one year | 42 | €5,623 | €19,423 | +€13,800 | +245.4% |
| Trade debts | 44 | €776 | €3,980 | +€3,204 | +412.7% |
| Suppliers | 440/4 | €776 | €3,980 | +€3,204 | +412.7% |
| Taxes, remuneration and social security | 45 | €5,187 | €12,422 | +€7,234 | +139.5% |
| Taxes | 450/3 | €5,187 | €12,422 | +€7,234 | +139.5% |
| Other amounts payable | 47/48 | €2,143 | €3,401 | +€1,257 | +58.7% |
| Non-recurring operating income | 76A | €12,369 | €0 | -€12,369 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,673 | €17,546 | +€2,873 | +19.6% |
| Other operating charges | 640/8 | €1,816 | €1,359 | -€457 | -25.2% |
| Non-recurring operating charges | 66A | €0 | €6,706 | +€6,706 | |
| Gross operating margin | 9900 | €58,712 | €67,569 | +€8,857 | +15.1% |
| Operating profit (loss) | 9901 | €42,223 | €41,958 | -€265 | -0.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.8% |
| Financial charges | 65/66B | €1,935 | €1,376 | -€559 | -28.9% |
| Recurring financial charges | 65 | €1,935 | €1,376 | -€559 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €40,291 | €40,582 | +€292 | +0.7% |
| Income taxes | 67/77 | €10,510 | €11,710 | +€1,200 | +11.4% |
| Profit (loss) for the period | 9904 | €29,781 | €28,873 | -€908 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,781 | €28,873 | -€908 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.