Tilou: 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.
Tilou
Largest movements
- Current investments -€240,000
down €240,000 (-15.5%), from €1.6m to €1.3m
- Cash +€120,240
up €120,240 (+143%), from €84,012 to €204,252
mainly Current investments (+€240,000) and Depreciation (+€142,390)
- Tangible fixed assets -€91,604
down €91,604 (-9.2%), from €994,188 to €902,584
of which Land and buildings: -€67,550
- Profit (loss) carried forward -€196,860
down €196,860 (-21.1%), from €932,156 to €735,296
- Investment grants -€65,487
down €65,487 (-18.5%), from €353,654 to €288,167
- Contributions +€31,664
up €31,664 (+5.3%), from €600,979 to €632,643
- Other operating charges -€170,496
down €170,496 (-32.1%), from €531,051 to €360,555
- Gross operating margin -€115,058
down €115,058 (-4.7%), from €2.5m to €2.3m
- Staff costs +€27,705
up €27,705 (+1.3%), from €2.1m to €2.1m
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 | €2,731,699 | €2,504,697 | -€227,003 | -8.3% |
| Fixed assets | 21/28 | €994,188 | €902,584 | -€91,604 | -9.2% |
| Tangible fixed assets | 22/27 | €994,188 | €902,584 | -€91,604 | -9.2% |
| Land and buildings | 22 | €810,566 | €743,016 | -€67,550 | -8.3% |
| Plant, machinery and equipment | 23 | €182,899 | €159,091 | -€23,808 | -13.0% |
| Furniture and vehicles | 24 | €723 | €478 | -€245 | -33.9% |
| Current assets | 29/58 | €1,737,511 | €1,602,112 | -€135,399 | -7.8% |
| Amounts receivable within one year | 40/41 | €70,355 | €69,703 | -€652 | -0.9% |
| Trade receivables | 40 | €37,341 | €36,171 | -€1,170 | -3.1% |
| Other amounts receivable | 41 | €33,014 | €33,532 | +€518 | +1.6% |
| Current investments | 50/53 | €1,550,000 | €1,310,000 | -€240,000 | -15.5% |
| Cash at bank and in hand | 54/58 | €84,012 | €204,252 | +€120,240 | +143% |
| Deferred charges and accrued income | 490/1 | €33,144 | €18,157 | -€14,987 | -45.2% |
| Total equity and liabilities | 10/49 | €2,731,699 | €2,504,697 | -€227,003 | -8.3% |
| Equity | 10/15 | €1,886,789 | €1,656,107 | -€230,682 | -12.2% |
| Contributions | 10/11 | €600,979 | €632,643 | +€31,664 | +5.3% |
| Capital | 10 | €600,979 | €632,643 | +€31,664 | +5.3% |
| Profit (loss) carried forward | 14 | €932,156 | €735,296 | -€196,860 | -21.1% |
| Investment grants | 15 | €353,654 | €288,167 | -€65,487 | -18.5% |
| Amounts payable | 17/49 | €844,910 | €848,590 | +€3,680 | +0.4% |
| Amounts payable within one year | 42/48 | €842,827 | €846,507 | +€3,680 | +0.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €54,125 | €38,017 | -€16,108 | -29.8% |
| Suppliers | 440/4 | €54,125 | €38,017 | -€16,108 | -29.8% |
| Taxes, remuneration and social security | 45 | €298,533 | €385,594 | +€87,061 | +29.2% |
| Taxes | 450/3 | €1,792 | €20,434 | +€18,641 | +1,040% |
| Remuneration and social security | 454/9 | €296,740 | €365,160 | +€68,420 | +23.1% |
| Accrued charges and deferred income | 492/3 | €2,083 | €2,083 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,096,215 | €2,123,919 | +€27,705 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,211 | €142,390 | +€4,178 | +3.0% |
| Other operating charges | 640/8 | €531,051 | €360,555 | -€170,496 | -32.1% |
| Gross operating margin | 9900 | €2,458,192 | €2,343,134 | -€115,058 | -4.7% |
| Operating profit (loss) | 9901 | -€307,286 | -€283,731 | +€23,555 | +7.7% |
| Financial income | 75/76B | €111,989 | €93,578 | -€18,411 | -16.4% |
| Recurring financial income | 75 | €111,989 | €93,578 | -€18,411 | -16.4% |
| Financial charges | 65/66B | €1,241 | €449 | -€792 | -63.8% |
| Recurring financial charges | 65 | €1,241 | €449 | -€792 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | -€196,537 | -€190,602 | +€5,936 | +3.0% |
| Income taxes | 67/77 | €13,946 | €6,258 | -€7,688 | -55.1% |
| Profit (loss) for the period | 9904 | -€210,483 | -€196,860 | +€13,623 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€210,483 | -€196,860 | +€13,623 | +6.5% |
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 18 October 2026 via checked.be.