Tilrooi: 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.
Tilrooi
Largest movements
- Financial fixed assets +€326,778
up €326,778 (+168%), from €194,580 to €521,358
- Stocks and contracts -€109,854
down €109,854 (-41.6%), from €263,852 to €153,998
- Receivables within one year -€23,247
down €23,247 (-30.6%), from €75,952 to €52,705
of which Trade receivables: -€52,480
- Cash -€12,697
down €12,697 (-10.5%), from €120,484 to €107,787
mainly Investment in fixed assets (net) (-€328,233) and Trade debts (-€225,687)
- Trade debts -€225,687
down €225,687 (-94.2%), from €239,521 to €13,834
- Reserves +€179,518
up €179,518 (+87.9%), from €204,284 to €383,802
- Debts after one year +€159,635
up €159,635 (+82.0%), from €194,580 to €354,215
- Current portion of long-term debt +€60,050
new in 2025: €60,050
- Gross operating margin -€193,949
down €193,949 (-68.3%), from €284,004 to €90,056
- Financial income +€119,407
new in 2025: €119,407
- Taxes -€47,246
down €47,246 (-70.3%), from €67,237 to €19,991
- Financial charges -€6,002
down €6,002 (-55.3%), from €10,857 to €4,855
- Depreciation +€3,658
up €3,658 (+499%), from €733 to €4,391
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 | €675,622 | €853,667 | +€178,044 | +26.4% |
| Fixed assets | 21/28 | €215,334 | €539,176 | +€323,842 | +150% |
| Tangible fixed assets | 22/27 | €20,754 | €17,818 | -€2,936 | -14.1% |
| Plant, machinery and equipment | 23 | - | €1,362 | +€1,362 | |
| Furniture and vehicles | 24 | €20,754 | €16,457 | -€4,297 | -20.7% |
| Financial fixed assets | 28 | €194,580 | €521,358 | +€326,778 | +168% |
| Current assets | 29/58 | €460,288 | €314,490 | -€145,798 | -31.7% |
| Stocks and contracts in progress | 3 | €263,852 | €153,998 | -€109,854 | -41.6% |
| Stocks | 30/36 | €263,852 | €153,998 | -€109,854 | -41.6% |
| Amounts receivable within one year | 40/41 | €75,952 | €52,705 | -€23,247 | -30.6% |
| Trade receivables | 40 | €60,176 | €7,696 | -€52,480 | -87.2% |
| Other amounts receivable | 41 | €15,776 | €45,009 | +€29,233 | +185% |
| Cash at bank and in hand | 54/58 | €120,484 | €107,787 | -€12,697 | -10.5% |
| Total equity and liabilities | 10/49 | €675,622 | €853,667 | +€178,044 | +26.4% |
| Equity | 10/15 | €209,284 | €388,802 | +€179,518 | +85.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €204,284 | €383,802 | +€179,518 | +87.9% |
| Distributable reserves | 133 | €204,284 | €383,802 | +€179,518 | +87.9% |
| Amounts payable | 17/49 | €466,338 | €464,865 | -€1,473 | -0.3% |
| Amounts payable after more than one year | 17 | €194,580 | €354,215 | +€159,635 | +82.0% |
| Financial debts | 170/4 | €194,580 | €354,215 | +€159,635 | +82.0% |
| Amounts payable within one year | 42/48 | €271,758 | €110,650 | -€161,108 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | - | €60,050 | +€60,050 | |
| Trade debts | 44 | €239,521 | €13,834 | -€225,687 | -94.2% |
| Suppliers | 440/4 | €239,521 | €13,834 | -€225,687 | -94.2% |
| Taxes, remuneration and social security | 45 | €32,237 | €35,757 | +€3,520 | +10.9% |
| Taxes | 450/3 | €32,237 | €35,757 | +€3,520 | +10.9% |
| Other amounts payable | 47/48 | - | €1,008 | +€1,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €4,391 | +€3,658 | +499% |
| Other operating charges | 640/8 | €894 | €709 | -€185 | -20.7% |
| Gross operating margin | 9900 | €284,004 | €90,056 | -€193,949 | -68.3% |
| Operating profit (loss) | 9901 | €282,378 | €84,956 | -€197,422 | -69.9% |
| Financial income | 75/76B | - | €119,407 | +€119,407 | |
| Recurring financial income | 75 | - | €119,407 | +€119,407 | |
| Financial charges | 65/66B | €10,857 | €4,855 | -€6,002 | -55.3% |
| Recurring financial charges | 65 | €10,857 | €4,855 | -€6,002 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €271,521 | €199,509 | -€72,012 | -26.5% |
| Income taxes | 67/77 | €67,237 | €19,991 | -€47,246 | -70.3% |
| Profit (loss) for the period | 9904 | €204,284 | €179,518 | -€24,766 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €204,284 | €179,518 | -€24,766 | -12.1% |
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 26 October 2026 via checked.be.