TILQUIN KIN: what changed
What changed
TILQUIN KIN
filed annual accounts (NBB)
Net result for the year
-€9,395
2024 · -€15,200+€5,805
Equity
€86,971
2024 · €96,366-€9,395
Cash
€16,405
2024 · €7,901+€8,504
Balance sheet total
€88,824
2024 · €97,830-€9,006
Largest movements
Assets
- Tangible fixed assets -€38,197
down €38,197 (-93.3%), from €40,945 to €2,748
of which Furniture and vehicles: -€37,848
- Receivables within one year +€14,350
up €14,350 (+64.3%), from €22,319 to €36,669
- Current investments +€9,000
up €9,000 (+37.5%), from €24,002 to €33,002
- Cash +€8,504
up €8,504 (+108%), from €7,901 to €16,405
mainly Investment in fixed assets (net) (+€36,934) and Deferred charges and accrued income (+€2,663)
- Deferred charges and accrued income -€2,663
no longer reported in 2025 (was €2,663)
Equity and liabilities
- Profit (loss) carried forward -€9,395
down €9,395 (-48.4%), from -€19,394 to -€28,789
Income statement
- Depreciation -€12,612
down €12,612 (-90.9%), from €13,875 to €1,263
- Purchases and services -€4,525
down €4,525 (-9.9%), from €45,528 to €41,003
- Turnover -€4,255
down €4,255 (-9.4%), from €45,493 to €41,238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€15,200
Gross operating margin
+€270
Staff costs
+€142
Depreciation
+€12,612
Other operating charges
+€105
Other operating items
-€7,084
Financial income
-€179
Financial charges
-€6
Taxes
-€55
Result 2025
-€9,395
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€19,430
Investment
+€27,934
Financing
€0
Cash 2024
€7,901
From operations (derived)
-€19,430
Net result for the year
-€9,395
Depreciation
+€1,263
Receivables within one year
-€14,350
Deferred charges and accrued income
+€2,663
Trade debts
-€127
Tax, wage and social debts
+€16
Accrued charges and deferred income
+€500
Investment (derived)
+€27,934
Investment in fixed assets (net)
+€36,934
Current investments
-€9,000
Cash 2025
€16,405
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,830 | €88,824 | -€9,006 | -9.2% |
| Fixed assets | 21/28 | €40,945 | €2,748 | -€38,197 | -93.3% |
| Tangible fixed assets | 22/27 | €40,945 | €2,748 | -€38,197 | -93.3% |
| Plant, machinery and equipment | 23 | €1,049 | €700 | -€349 | -33.3% |
| Furniture and vehicles | 24 | €39,896 | €2,048 | -€37,848 | -94.9% |
| Current assets | 29/58 | €56,885 | €86,076 | +€29,191 | +51.3% |
| Amounts receivable within one year | 40/41 | €22,319 | €36,669 | +€14,350 | +64.3% |
| Other amounts receivable | 41 | €22,319 | €36,669 | +€14,350 | +64.3% |
| Current investments | 50/53 | €24,002 | €33,002 | +€9,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €7,901 | €16,405 | +€8,504 | +108% |
| Deferred charges and accrued income | 490/1 | €2,663 | - | -€2,663 | |
| Total equity and liabilities | 10/49 | €97,830 | €88,824 | -€9,006 | -9.2% |
| Equity | 10/15 | €96,366 | €86,971 | -€9,395 | -9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,360 | €103,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,500 | €101,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,394 | -€28,789 | -€9,395 | -48.4% |
| Amounts payable | 17/49 | €1,464 | €1,853 | +€389 | +26.6% |
| Amounts payable within one year | 42/48 | €1,464 | €1,353 | -€111 | -7.6% |
| Trade debts | 44 | €1,464 | €1,337 | -€127 | -8.7% |
| Suppliers | 440/4 | €1,464 | €1,337 | -€127 | -8.7% |
| Taxes, remuneration and social security | 45 | - | €16 | +€16 | |
| Taxes | 450/3 | - | €16 | +€16 | |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Turnover | 70 | €45,493 | €41,238 | -€4,255 | -9.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €45,528 | €41,003 | -€4,525 | -9.9% |
| Remuneration, social security and pensions | 62 | €542 | €400 | -€142 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,875 | €1,263 | -€12,612 | -90.9% |
| Other operating charges | 640/8 | €856 | €751 | -€105 | -12.3% |
| Non-recurring operating charges | 66A | - | €7,084 | +€7,084 | |
| Gross operating margin | 9900 | -€35 | €235 | +€270 | |
| Operating profit (loss) | 9901 | -€15,308 | -€9,263 | +€6,045 | +39.5% |
| Financial income | 75/76B | €313 | €134 | -€179 | -57.2% |
| Recurring financial income | 75 | €313 | €134 | -€179 | -57.2% |
| Financial charges | 65/66B | €111 | €117 | +€6 | +5.4% |
| Recurring financial charges | 65 | €111 | €117 | +€6 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,106 | -€9,246 | +€5,860 | +38.8% |
| Income taxes | 67/77 | €94 | €149 | +€55 | +58.5% |
| Profit (loss) for the period | 9904 | -€15,200 | -€9,395 | +€5,805 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,200 | -€9,395 | +€5,805 | +38.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.