TILT: 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.
TILT
Largest movements
- Stocks and contracts +€622,537
up €622,537 (+35.1%), from €1.8m to €2.4m
- Cash -€138,855
down €138,855 (-99.9%), from €138,963 to €108
mainly Stocks and contracts (-€622,537) and Net result for the year (-€168,139)
- Receivables within one year -€84,871
down €84,871 (-72.6%), from €116,908 to €32,037
of which Trade receivables: -€91,451
- Trade debts +€354,075
up €354,075 (+445.1%), from €79,549 to €433,624
- Debts after one year +€212,875
up €212,875 (+9.6%), from €2.2m to €2.4m
- Profit (loss) carried forward -€168,139
down €168,139 (-46.5%), from -€361,691 to -€529,830
- Gross operating margin +€54,917
up €54,917 (+1374.6%), from €3,995 to €58,912
- Other operating charges +€54,917
up €54,917 (+1374.6%), from €3,995 to €58,912
- Financial charges +€25,024
up €25,024 (+17.5%), from €143,115 to €168,139
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 | €2,031,792 | €2,430,603 | +€398,811 | +19.6% |
| Current assets | 29/58 | €2,031,792 | €2,430,603 | +€398,811 | +19.6% |
| Stocks and contracts in progress | 3 | €1,775,921 | €2,398,459 | +€622,537 | +35.1% |
| Stocks | 30/36 | €1,775,921 | €2,398,459 | +€622,537 | +35.1% |
| Amounts receivable within one year | 40/41 | €116,908 | €32,037 | -€84,871 | -72.6% |
| Trade receivables | 40 | €91,451 | - | -€91,451 | |
| Other amounts receivable | 41 | €25,457 | €32,037 | +€6,580 | +25.8% |
| Cash at bank and in hand | 54/58 | €138,963 | €108 | -€138,855 | -99.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,031,792 | €2,430,603 | +€398,811 | +19.6% |
| Equity | 10/15 | -€300,191 | -€468,330 | -€168,139 | -56.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€361,691 | -€529,830 | -€168,139 | -46.5% |
| Amounts payable | 17/49 | €2,331,983 | €2,898,933 | +€566,950 | +24.3% |
| Amounts payable after more than one year | 17 | €2,226,361 | €2,439,236 | +€212,875 | +9.6% |
| Financial debts | 170/4 | €2,226,361 | €2,439,236 | +€212,875 | +9.6% |
| Amounts payable within one year | 42/48 | €79,549 | €433,624 | +€354,075 | +445.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €79,549 | €433,624 | +€354,075 | +445.1% |
| Suppliers | 440/4 | €79,549 | €433,624 | +€354,075 | +445.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €26,073 | €26,073 | = | 0.0% |
| Other operating charges | 640/8 | €3,995 | €58,912 | +€54,917 | +1374.6% |
| Gross operating margin | 9900 | €3,995 | €58,912 | +€54,917 | +1374.6% |
| Operating profit (loss) | 9901 | €0 | - | = | |
| Financial charges | 65/66B | €143,115 | €168,139 | +€25,024 | +17.5% |
| Recurring financial charges | 65 | €143,115 | €168,139 | +€25,024 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€143,115 | -€168,139 | -€25,024 | -17.5% |
| Profit (loss) for the period | 9904 | -€143,115 | -€168,139 | -€25,024 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,115 | -€168,139 | -€25,024 | -17.5% |
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 8 October 2026 via checked.be.