TILT FACTORY: what changed
TILT FACTORY
Largest movements
- Receivables within one year +€6,220
up €6,220 (+11.1%), from €55,848 to €62,067
of which Trade receivables: +€8,661
- Tangible fixed assets +€2,962
up €2,962 (+4.5%), from €66,120 to €69,083
of which Furniture and vehicles: +€13,492
- Reserves +€23,804
up €23,804 (+43.6%), from €54,629 to €78,433
of which Distributable reserves: +€23,804
- Debts after one year -€19,378
down €19,378 (-26.5%), from €72,999 to €53,622
- Other debts -€6,869
down €6,869 (-98.8%), from €6,951 to €83
- Trade debts +€5,969
up €5,969 (+26.7%), from €22,356 to €28,324
- Accrued charges and deferred income +€2,354
new in 2025: €2,354
- Gross operating margin -€7,537
down €7,537 (-9.4%), from €79,761 to €72,224
- Depreciation +€6,151
up €6,151 (+39.5%), from €15,568 to €21,719
- Taxes +€2,808
up €2,808 (+35.0%), from €8,014 to €10,822
- Other operating charges +€1,711
up €1,711 (+19.4%), from €8,837 to €10,548
- Financial charges -€1,350
down €1,350 (-20.2%), from €6,689 to €5,339
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,835 | €212,486 | +€7,651 | +3.7% |
| Fixed assets | 21/28 | €69,647 | €72,609 | +€2,962 | +4.3% |
| Tangible fixed assets | 22/27 | €66,120 | €69,083 | +€2,962 | +4.5% |
| Land and buildings | 22 | €47,520 | €36,990 | -€10,530 | -22.2% |
| Furniture and vehicles | 24 | €18,600 | €32,093 | +€13,492 | +72.5% |
| Financial fixed assets | 28 | €3,526 | €3,526 | = | 0.0% |
| Current assets | 29/58 | €135,188 | €139,877 | +€4,689 | +3.5% |
| Amounts receivable within one year | 40/41 | €55,848 | €62,067 | +€6,220 | +11.1% |
| Trade receivables | 40 | €51,848 | €60,509 | +€8,661 | +16.7% |
| Other amounts receivable | 41 | €4,000 | €1,558 | -€2,442 | -61.0% |
| Cash at bank and in hand | 54/58 | €78,193 | €77,216 | -€977 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,148 | €594 | -€554 | -48.2% |
| Total equity and liabilities | 10/49 | €204,835 | €212,486 | +€7,651 | +3.7% |
| Equity | 10/15 | €73,221 | €97,025 | +€23,804 | +32.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,629 | €78,433 | +€23,804 | +43.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,200 | €21,200 | = | 0.0% |
| Distributable reserves | 133 | €31,570 | €55,374 | +€23,804 | +75.4% |
| Amounts payable | 17/49 | €131,614 | €115,461 | -€16,153 | -12.3% |
| Amounts payable after more than one year | 17 | €72,999 | €53,622 | -€19,378 | -26.5% |
| Financial debts | 170/4 | €72,999 | €53,622 | -€19,378 | -26.5% |
| Amounts payable within one year | 42/48 | €58,615 | €59,485 | +€870 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €18,389 | €19,378 | +€989 | +5.4% |
| Trade debts | 44 | €22,356 | €28,324 | +€5,969 | +26.7% |
| Suppliers | 440/4 | €22,356 | €28,324 | +€5,969 | +26.7% |
| Taxes, remuneration and social security | 45 | €10,919 | €11,700 | +€781 | +7.2% |
| Taxes | 450/3 | €10,919 | €11,700 | +€781 | +7.2% |
| Other amounts payable | 47/48 | €6,951 | €83 | -€6,869 | -98.8% |
| Accrued charges and deferred income | 492/3 | - | €2,354 | +€2,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,568 | €21,719 | +€6,151 | +39.5% |
| Other operating charges | 640/8 | €8,837 | €10,548 | +€1,711 | +19.4% |
| Gross operating margin | 9900 | €79,761 | €72,224 | -€7,537 | -9.4% |
| Operating profit (loss) | 9901 | €55,356 | €39,957 | -€15,399 | -27.8% |
| Financial income | 75/76B | €0 | €8 | +€8 | +6,875% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +6,875% |
| Financial charges | 65/66B | €6,689 | €5,339 | -€1,350 | -20.2% |
| Recurring financial charges | 65 | €6,689 | €5,339 | -€1,350 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €48,667 | €34,626 | -€14,041 | -28.9% |
| Income taxes | 67/77 | €8,014 | €10,822 | +€2,808 | +35.0% |
| Profit (loss) for the period | 9904 | €40,654 | €23,804 | -€16,850 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,654 | €23,804 | -€16,850 | -41.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.