TiLox: 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.
TiLox
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+8480.7%), from €12,833 to €1.1m
of which Other amounts receivable: +€1.1m
- Cash -€71,058
down €71,058 (-64.2%), from €110,759 to €39,700
mainly Receivables within one year (-€1.1m) and Tax, wage and social debts (-€8,142)
- Other debts +€499,748
new in 2025: €499,748
- Debts after one year +€463,319
up €463,319 (+30622.2%), from €1,513 to €464,832
- Current portion of long-term debt +€27,657
up €27,657 (+306.5%), from €9,024 to €36,681
- Reserves +€27,305
up €27,305 (+26.1%), from €104,610 to €131,915
- Gross operating margin +€768
up €768 (+1.7%), from €45,447 to €46,214
- Financial charges +€511
up €511 (+261.7%), from €195 to €706
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 | €133,913 | €1,144,529 | +€1.0m | +754.7% |
| Fixed assets | 21/28 | €9,281 | €1,900 | -€7,381 | -79.5% |
| Tangible fixed assets | 22/27 | €9,281 | €1,900 | -€7,381 | -79.5% |
| Plant, machinery and equipment | 23 | €334 | €1,046 | +€712 | +213.5% |
| Furniture and vehicles | 24 | €8,947 | €854 | -€8,093 | -90.5% |
| Current assets | 29/58 | €124,632 | €1,142,630 | +€1.0m | +816.8% |
| Amounts receivable within one year | 40/41 | €12,833 | €1,101,175 | +€1.1m | +8480.7% |
| Trade receivables | 40 | €12,312 | - | -€12,312 | |
| Other amounts receivable | 41 | €521 | €1,101,175 | +€1.1m | +211104.0% |
| Cash at bank and in hand | 54/58 | €110,759 | €39,700 | -€71,058 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,754 | +€713 | +68.6% |
| Total equity and liabilities | 10/49 | €133,913 | €1,144,529 | +€1.0m | +754.7% |
| Equity | 10/15 | €110,610 | €137,915 | +€27,305 | +24.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €104,610 | €131,915 | +€27,305 | +26.1% |
| Distributable reserves | 133 | €104,610 | €131,915 | +€27,305 | +26.1% |
| Amounts payable | 17/49 | €23,303 | €1,006,614 | +€983,311 | +4219.7% |
| Amounts payable after more than one year | 17 | €1,513 | €464,832 | +€463,319 | +30622.2% |
| Financial debts | 170/4 | €1,513 | €464,832 | +€463,319 | +30622.2% |
| Amounts payable within one year | 42/48 | €19,324 | €539,136 | +€519,811 | +2689.9% |
| Current portion of amounts payable after more than one year | 42 | €9,024 | €36,681 | +€27,657 | +306.5% |
| Trade debts | 44 | €1,298 | €1,846 | +€548 | +42.2% |
| Suppliers | 440/4 | €1,298 | €1,846 | +€548 | +42.2% |
| Taxes, remuneration and social security | 45 | €9,002 | €860 | -€8,142 | -90.4% |
| Taxes | 450/3 | €9,002 | €860 | -€8,142 | -90.4% |
| Other amounts payable | 47/48 | - | €499,748 | +€499,748 | |
| Accrued charges and deferred income | 492/3 | €2,466 | €2,646 | +€181 | +7.3% |
| Non-recurring operating income | 76A | - | €208 | +€208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,509 | €8,878 | +€369 | +4.3% |
| Other operating charges | 640/8 | €983 | €965 | -€18 | -1.9% |
| Gross operating margin | 9900 | €45,447 | €46,214 | +€768 | +1.7% |
| Operating profit (loss) | 9901 | €35,955 | €36,372 | +€417 | +1.2% |
| Financial charges | 65/66B | €195 | €706 | +€511 | +261.7% |
| Recurring financial charges | 65 | €195 | €706 | +€511 | +261.7% |
| Profit (loss) for the period before taxes | 9903 | €35,759 | €35,666 | -€94 | -0.3% |
| Income taxes | 67/77 | €8,379 | €8,360 | -€18 | -0.2% |
| Profit (loss) for the period | 9904 | €27,381 | €27,305 | -€75 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,381 | €27,305 | -€75 | -0.3% |
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 7 October 2026 via checked.be.