TILSORT: 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.
TILSORT
Largest movements
- Tangible fixed assets -€44,794
down €44,794 (-16.4%), from €273,476 to €228,683
of which Leasing and similar rights: -€44,921
- Debts after one year -€38,136
down €38,136 (-28.9%), from €131,808 to €93,672
- Gross operating margin +€107,421
up €107,421 (+49.4%), from €217,366 to €324,786
- Staff costs +€82,915
up €82,915 (+62.2%), from €133,363 to €216,278
- Depreciation +€27,172
up €27,172 (+41.4%), from €65,588 to €92,760
- Financial charges +€6,346
up €6,346 (+86.9%), from €7,299 to €13,644
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,020 | €713,658 | -€35,363 | -4.7% |
| Fixed assets | 21/28 | €273,611 | €228,818 | -€44,794 | -16.4% |
| Tangible fixed assets | 22/27 | €273,476 | €228,683 | -€44,794 | -16.4% |
| Plant, machinery and equipment | 23 | €55,482 | €41,565 | -€13,917 | -25.1% |
| Furniture and vehicles | 24 | €45,201 | €59,245 | +€14,044 | +31.1% |
| Leasing and similar rights | 25 | €172,793 | €127,872 | -€44,921 | -26.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €475,409 | €484,840 | +€9,431 | +2.0% |
| Amounts receivable within one year | 40/41 | €465,057 | €471,672 | +€6,615 | +1.4% |
| Trade receivables | 40 | €453,651 | €455,635 | +€1,984 | +0.4% |
| Other amounts receivable | 41 | €11,406 | €16,036 | +€4,631 | +40.6% |
| Deferred charges and accrued income | 490/1 | €10,352 | €13,168 | +€2,816 | +27.2% |
| Total equity and liabilities | 10/49 | €749,020 | €713,658 | -€35,363 | -4.7% |
| Equity | 10/15 | €126,930 | €127,104 | +€174 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,870 | €119,044 | +€174 | +0.1% |
| Amounts payable | 17/49 | €622,091 | €586,554 | -€35,537 | -5.7% |
| Amounts payable after more than one year | 17 | €131,808 | €93,672 | -€38,136 | -28.9% |
| Financial debts | 170/4 | €131,808 | €93,672 | -€38,136 | -28.9% |
| Amounts payable within one year | 42/48 | €490,283 | €492,147 | +€1,864 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €41,562 | €38,136 | -€3,426 | -8.2% |
| Financial debts | 43 | €21,015 | €23,107 | +€2,092 | +10.0% |
| Credit institutions | 430/8 | €21,015 | €23,107 | +€2,092 | +10.0% |
| Trade debts | 44 | €127,115 | €132,385 | +€5,270 | +4.1% |
| Suppliers | 440/4 | €127,115 | €132,385 | +€5,270 | +4.1% |
| Taxes, remuneration and social security | 45 | €9,335 | €8,573 | -€762 | -8.2% |
| Taxes | 450/3 | €31 | €847 | +€815 | +2591.0% |
| Remuneration and social security | 454/9 | €9,303 | €7,726 | -€1,577 | -17.0% |
| Other amounts payable | 47/48 | €291,256 | €289,946 | -€1,309 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €735 | +€735 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €133,363 | €216,278 | +€82,915 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,588 | €92,760 | +€27,172 | +41.4% |
| Other operating charges | 640/8 | €906 | €1,753 | +€847 | +93.5% |
| Gross operating margin | 9900 | €217,366 | €324,786 | +€107,421 | +49.4% |
| Operating profit (loss) | 9901 | €17,508 | €13,995 | -€3,513 | -20.1% |
| Financial income | 75/76B | €0 | €38 | +€38 | +382700.0% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +382700.0% |
| Financial charges | 65/66B | €7,299 | €13,644 | +€6,346 | +86.9% |
| Recurring financial charges | 65 | €7,299 | €13,644 | +€6,346 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €10,209 | €389 | -€9,820 | -96.2% |
| Income taxes | 67/77 | €31 | €214 | +€183 | +581.4% |
| Profit (loss) for the period | 9904 | €10,178 | €174 | -€10,003 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,178 | €174 | -€10,003 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.