Tilroy: 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.
Tilroy
Largest movements
- Receivables within one year -€859,262
down €859,262 (-49.4%), from €1.7m to €879,900
of which Trade receivables: -€827,640
- Financial fixed assets +€650,000
up €650,000 (+67.0%), from €970,500 to €1.6m
of which Affiliated companies: +€650,000
- Deferred charges and accrued income +€124,619
up €124,619 (+120.0%), from €103,842 to €228,461
- Cash +€51,274
up €51,274 (+21.7%), from €236,742 to €288,016
mainly Receivables within one year (+€859,262) and Net result for the year (+€522,846)
- Tangible fixed assets -€39,526
down €39,526 (-50.4%), from €78,405 to €38,879
of which Furniture and vehicles: -€39,744
- Trade debts -€635,301
down €635,301 (-66.2%), from €959,878 to €324,577
- Reserves +€479,275
up €479,275 (+33.4%), from €1.4m to €1.9m
- Profit (loss) carried forward +€43,571
up €43,571, from -€43,571 to €0
- Tax, wage and social debts +€32,361
up €32,361 (+8.1%), from €399,948 to €432,308
of which Remuneration and social security: +€91,376
- Turnover +€387,459
up €387,459 (+6.5%), from €6.0m to €6.4m
- Services and other goods -€299,891
down €299,891 (-9.2%), from €3.3m to €3.0m
- Taxes +€190,869
up €190,869 (+520.4%), from €36,677 to €227,545
of which Taxes: +€159,247
- Write-downs -€151,804
down €151,804, from €104,439 to -€47,365
- Goods and materials +€132,763
up €132,763 (+42.7%), from €311,136 to €443,899
of which Purchases: +€138,891
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 | €3,159,125 | €3,088,189 | -€70,936 | -2.2% |
| Fixed assets | 21/28 | €1,048,905 | €1,659,379 | +€610,474 | +58.2% |
| Tangible fixed assets | 22/27 | €78,405 | €38,879 | -€39,526 | -50.4% |
| Land and buildings | 22 | €4,805 | €3,823 | -€982 | -20.4% |
| Plant, machinery and equipment | 23 | €29,844 | €31,044 | +€1,200 | +4.0% |
| Furniture and vehicles | 24 | €43,756 | €4,012 | -€39,744 | -90.8% |
| Financial fixed assets | 28 | €970,500 | €1,620,500 | +€650,000 | +67.0% |
| Affiliated companies | 280/1 | €970,000 | €1,620,000 | +€650,000 | +67.0% |
| Amounts receivable | 281 | €970,000 | €1,620,000 | +€650,000 | +67.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Shares | 284 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,110,220 | €1,428,810 | -€681,410 | -32.3% |
| Stocks and contracts in progress | 3 | €30,474 | €32,433 | +€1,959 | +6.4% |
| Stocks | 30/36 | €30,474 | €32,433 | +€1,959 | +6.4% |
| Goods purchased for resale | 34 | €30,474 | €32,433 | +€1,959 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,739,161 | €879,900 | -€859,262 | -49.4% |
| Trade receivables | 40 | €1,704,251 | €876,611 | -€827,640 | -48.6% |
| Other amounts receivable | 41 | €34,910 | €3,288 | -€31,621 | -90.6% |
| Cash at bank and in hand | 54/58 | €236,742 | €288,016 | +€51,274 | +21.7% |
| Deferred charges and accrued income | 490/1 | €103,842 | €228,461 | +€124,619 | +120.0% |
| Total equity and liabilities | 10/49 | €3,159,125 | €3,088,189 | -€70,936 | -2.2% |
| Equity | 10/15 | €1,790,958 | €2,313,804 | +€522,846 | +29.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,434,529 | €1,913,804 | +€479,275 | +33.4% |
| Distributable reserves | 133 | €1,434,529 | €1,913,804 | +€479,275 | +33.4% |
| Profit (loss) carried forward | 14 | -€43,571 | €0 | +€43,571 | |
| Amounts payable | 17/49 | €1,368,167 | €774,385 | -€593,782 | -43.4% |
| Amounts payable within one year | 42/48 | €1,359,825 | €756,885 | -€602,940 | -44.3% |
| Trade debts | 44 | €959,878 | €324,577 | -€635,301 | -66.2% |
| Suppliers | 440/4 | €959,878 | €324,577 | -€635,301 | -66.2% |
| Taxes, remuneration and social security | 45 | €399,948 | €432,308 | +€32,361 | +8.1% |
| Taxes | 450/3 | €154,637 | €95,622 | -€59,015 | -38.2% |
| Remuneration and social security | 454/9 | €245,310 | €336,686 | +€91,376 | +37.2% |
| Accrued charges and deferred income | 492/3 | €8,342 | €17,500 | +€9,158 | +109.8% |
| Operating income | 70/76A | €6,081,822 | €6,390,755 | +€308,933 | +5.1% |
| Turnover | 70 | €5,964,148 | €6,351,607 | +€387,459 | +6.5% |
| Other operating income | 74 | €117,674 | €39,148 | -€78,525 | -66.7% |
| Operating charges | 60/66A | €5,923,310 | €5,690,238 | -€233,072 | -3.9% |
| Goods for resale, raw materials and consumables | 60 | €311,136 | €443,899 | +€132,763 | +42.7% |
| Purchases | 600/8 | €306,967 | €445,858 | +€138,891 | +45.2% |
| Change in stocks: decrease (increase) | 609 | €4,168 | -€1,959 | -€6,127 | |
| Services and other goods | 61 | €3,262,015 | €2,962,124 | -€299,891 | -9.2% |
| Remuneration, social security and pensions | 62 | €2,160,832 | €2,211,132 | +€50,300 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,515 | €49,731 | -€21,784 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €104,439 | -€47,365 | -€151,804 | |
| Other operating charges | 640/8 | €13,374 | €70,718 | +€57,344 | +428.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €158,511 | €700,517 | +€542,005 | +341.9% |
| Financial income | 75/76B | €29,384 | €85,072 | +€55,687 | +189.5% |
| Recurring financial income | 75 | €29,384 | €85,072 | +€55,687 | +189.5% |
| Income from financial fixed assets | 750 | - | €81,702 | +€81,702 | |
| Income from current assets | 751 | €29,364 | €0 | -€29,364 | -100.0% |
| Other financial income | 752/9 | €20 | €3,370 | +€3,350 | +16748.7% |
| Financial charges | 65/66B | €29,617 | €35,197 | +€5,580 | +18.8% |
| Recurring financial charges | 65 | €29,617 | €35,197 | +€5,580 | +18.8% |
| Debt charges | 650 | €23,459 | €30,672 | +€7,213 | +30.7% |
| Other financial charges | 652/9 | €6,159 | €4,525 | -€1,633 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €158,278 | €750,391 | +€592,113 | +374.1% |
| Income taxes | 67/77 | €36,677 | €227,545 | +€190,869 | +520.4% |
| Taxes | 670/3 | €68,298 | €227,545 | +€159,247 | +233.2% |
| Tax adjustments and reversals of tax provisions | 77 | €31,621 | €0 | -€31,621 | -100.0% |
| Profit (loss) for the period | 9904 | €121,602 | €522,846 | +€401,244 | +330.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,602 | €522,846 | +€401,244 | +330.0% |
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 6 October 2026 via checked.be.