TILQUIN LAW: 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.
TILQUIN LAW
Largest movements
- Receivables within one year +€11,845
up €11,845 (+345%), from €3,430 to €15,275
of which Trade receivables: +€9,128
- Cash -€5,825
down €5,825 (-27.5%), from €21,195 to €15,370
mainly Receivables within one year (-€11,845) and Tax, wage and social debts (-€4,866)
- Reserves +€17,615
up €17,615 (+314%), from €5,608 to €23,223
- Tax, wage and social debts -€4,866
down €4,866 (-50.6%), from €9,612 to €4,746
of which Remuneration and social security: -€2,640
- Trade debts -€4,764
down €4,764 (-74.0%), from €6,440 to €1,675
- Other debts -€1,140
no longer reported in 2025 (was €1,140)
- Accrued charges and deferred income -€825
no longer reported in 2025 (was €825)
- Gross operating margin +€16,123
up €16,123 (+186%), from €8,658 to €24,781
- Taxes +€3,651
up €3,651 (+119%), from €3,060 to €6,711
- Other operating charges +€533
new in 2025: €533
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 | €24,625 | €30,644 | +€6,019 | +24.4% |
| Current assets | 29/58 | €24,625 | €30,644 | +€6,019 | +24.4% |
| Amounts receivable within one year | 40/41 | €3,430 | €15,275 | +€11,845 | +345% |
| Trade receivables | 40 | €3,430 | €12,558 | +€9,128 | +266% |
| Other amounts receivable | 41 | - | €2,717 | +€2,717 | |
| Cash at bank and in hand | 54/58 | €21,195 | €15,370 | -€5,825 | -27.5% |
| Total equity and liabilities | 10/49 | €24,625 | €30,644 | +€6,019 | +24.4% |
| Equity | 10/15 | €6,608 | €24,223 | +€17,615 | +267% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,608 | €23,223 | +€17,615 | +314% |
| Distributable reserves | 133 | €5,608 | €23,223 | +€17,615 | +314% |
| Amounts payable | 17/49 | €18,017 | €6,421 | -€11,596 | -64.4% |
| Amounts payable within one year | 42/48 | €17,192 | €6,421 | -€10,771 | -62.7% |
| Trade debts | 44 | €6,440 | €1,675 | -€4,764 | -74.0% |
| Suppliers | 440/4 | €6,440 | €1,675 | -€4,764 | -74.0% |
| Taxes, remuneration and social security | 45 | €9,612 | €4,746 | -€4,866 | -50.6% |
| Taxes | 450/3 | €6,812 | €4,586 | -€2,226 | -32.7% |
| Remuneration and social security | 454/9 | €2,800 | €160 | -€2,640 | -94.3% |
| Other amounts payable | 47/48 | €1,140 | - | -€1,140 | |
| Accrued charges and deferred income | 492/3 | €825 | - | -€825 | |
| Other operating charges | 640/8 | - | €533 | +€533 | |
| Gross operating margin | 9900 | €8,658 | €24,781 | +€16,123 | +186% |
| Operating profit (loss) | 9901 | €8,658 | €24,248 | +€15,590 | +180% |
| Financial income | 75/76B | €10 | €78 | +€68 | +681% |
| Recurring financial income | 75 | €10 | €78 | +€68 | +681% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €8,668 | €24,326 | +€15,658 | +181% |
| Income taxes | 67/77 | €3,060 | €6,711 | +€3,651 | +119% |
| Profit (loss) for the period | 9904 | €5,608 | €17,615 | +€12,007 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €5,608 | €17,615 | +€12,007 | +214% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.