TILSYN: 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.
TILSYN
Largest movements
- Tangible fixed assets +€37,541
up €37,541 (+78.6%), from €47,741 to €85,282
of which Furniture and vehicles: +€40,523
- Receivables within one year +€20,771
up €20,771 (+54.6%), from €38,036 to €58,806
of which Trade receivables: +€19,514
- Cash +€7,329
up €7,329 (+247.0%), from €2,967 to €10,296
mainly Debts after one year (+€35,575) and Depreciation (+€13,259)
- Deferred charges and accrued income -€2,578
down €2,578 (-50.2%), from €5,136 to €2,558
- Stocks and contracts -€1,908
down €1,908 (-9.7%), from €19,748 to €17,840
- Debts after one year +€35,575
new in 2025: €35,575
- Reserves +€13,133
up €13,133 (+25.8%), from €50,935 to €64,068
of which Distributable reserves: +€13,133
- Current portion of long-term debt +€8,432
new in 2025: €8,432
- Tax, wage and social debts +€5,561
up €5,561 (+24.5%), from €22,702 to €28,263
- Gross operating margin -€26,693
down €26,693 (-40.5%), from €65,882 to €39,189
- Taxes -€7,271
down €7,271 (-41.1%), from €17,679 to €10,408
- Depreciation +€3,454
up €3,454 (+35.2%), from €9,805 to €13,259
- Financial income -€844
down €844 (-31.2%), from €2,709 to €1,865
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 | €113,627 | €174,782 | +€61,155 | +53.8% |
| Fixed assets | 21/28 | €47,741 | €85,282 | +€37,541 | +78.6% |
| Tangible fixed assets | 22/27 | €47,741 | €85,282 | +€37,541 | +78.6% |
| Plant, machinery and equipment | 23 | €10,488 | €7,507 | -€2,982 | -28.4% |
| Furniture and vehicles | 24 | €37,252 | €77,775 | +€40,523 | +108.8% |
| Current assets | 29/58 | €65,886 | €89,500 | +€23,614 | +35.8% |
| Stocks and contracts in progress | 3 | €19,748 | €17,840 | -€1,908 | -9.7% |
| Stocks | 30/36 | €19,748 | €17,840 | -€1,908 | -9.7% |
| Amounts receivable within one year | 40/41 | €38,036 | €58,806 | +€20,771 | +54.6% |
| Trade receivables | 40 | €3,325 | €22,840 | +€19,514 | +586.8% |
| Other amounts receivable | 41 | €34,710 | €35,967 | +€1,256 | +3.6% |
| Cash at bank and in hand | 54/58 | €2,967 | €10,296 | +€7,329 | +247.0% |
| Deferred charges and accrued income | 490/1 | €5,136 | €2,558 | -€2,578 | -50.2% |
| Total equity and liabilities | 10/49 | €113,627 | €174,782 | +€61,155 | +53.8% |
| Equity | 10/15 | €82,581 | €95,715 | +€13,133 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,935 | €64,068 | +€13,133 | +25.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,075 | €62,208 | +€13,133 | +26.8% |
| Profit (loss) carried forward | 14 | €25,446 | €25,446 | = | 0.0% |
| Amounts payable | 17/49 | €31,045 | €79,067 | +€48,022 | +154.7% |
| Amounts payable after more than one year | 17 | - | €35,575 | +€35,575 | |
| Financial debts | 170/4 | - | €35,575 | +€35,575 | |
| Amounts payable within one year | 42/48 | €31,045 | €43,492 | +€12,446 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,432 | +€8,432 | |
| Trade debts | 44 | €8,343 | €6,797 | -€1,546 | -18.5% |
| Suppliers | 440/4 | €8,343 | €6,797 | -€1,546 | -18.5% |
| Taxes, remuneration and social security | 45 | €22,702 | €28,263 | +€5,561 | +24.5% |
| Taxes | 450/3 | €22,702 | €28,263 | +€5,561 | +24.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,805 | €13,259 | +€3,454 | +35.2% |
| Other operating charges | 640/8 | €3,635 | €3,577 | -€58 | -1.6% |
| Non-recurring operating charges | 66A | €149 | €0 | -€149 | -100.0% |
| Gross operating margin | 9900 | €65,882 | €39,189 | -€26,693 | -40.5% |
| Operating profit (loss) | 9901 | €52,293 | €22,354 | -€29,939 | -57.3% |
| Financial income | 75/76B | €2,709 | €1,865 | -€844 | -31.2% |
| Recurring financial income | 75 | €2,709 | €1,865 | -€844 | -31.2% |
| Financial charges | 65/66B | €1,020 | €678 | -€342 | -33.6% |
| Recurring financial charges | 65 | €1,020 | €678 | -€342 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €53,982 | €23,541 | -€30,442 | -56.4% |
| Income taxes | 67/77 | €17,679 | €10,408 | -€7,271 | -41.1% |
| Profit (loss) for the period | 9904 | €36,304 | €13,133 | -€23,170 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,304 | €13,133 | -€23,170 | -63.8% |
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 10 October 2026 via checked.be.