TILT UP: 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.
TILT UP
Largest movements
- Receivables within one year +€32,920
up €32,920 (+37.5%), from €87,865 to €120,785
of which Trade receivables: +€38,987
- Tangible fixed assets -€31,118
down €31,118 (-40.6%), from €76,580 to €45,462
of which Furniture and vehicles: -€29,945
- Cash +€11,160
up €11,160 (+175%), from €6,378 to €17,538
mainly Depreciation (+€35,535) and Trade debts (+€8,330)
- Trade debts +€8,330
up €8,330 (+410%), from €2,033 to €10,363
- Other debts +€2,514
up €2,514 (+99.6%), from €2,523 to €5,037
- Taxes -€9,448
down €9,448, from €7,613 to -€1,835
- Gross operating margin -€7,835
down €7,835 (-17.4%), from €45,088 to €37,253
- Other operating charges +€3,183
up €3,183 (+419%), from €759 to €3,942
- Depreciation -€1,141
down €1,141 (-3.1%), from €36,676 to €35,535
- Financial charges -€492
down €492 (-72.1%), from €682 to €190
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.
Derived cash bridge
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 | €171,414 | €184,527 | +€13,113 | +7.6% |
| Fixed assets | 21/28 | €76,580 | €45,462 | -€31,118 | -40.6% |
| Tangible fixed assets | 22/27 | €76,580 | €45,462 | -€31,118 | -40.6% |
| Plant, machinery and equipment | 23 | €6,754 | €5,581 | -€1,173 | -17.4% |
| Furniture and vehicles | 24 | €69,826 | €39,881 | -€29,945 | -42.9% |
| Current assets | 29/58 | €94,834 | €139,065 | +€44,231 | +46.6% |
| Amounts receivable within one year | 40/41 | €87,865 | €120,785 | +€32,920 | +37.5% |
| Trade receivables | 40 | €11,303 | €50,290 | +€38,987 | +345% |
| Other amounts receivable | 41 | €76,562 | €70,495 | -€6,067 | -7.9% |
| Cash at bank and in hand | 54/58 | €6,378 | €17,538 | +€11,160 | +175% |
| Deferred charges and accrued income | 490/1 | €591 | €742 | +€151 | +25.5% |
| Total equity and liabilities | 10/49 | €171,414 | €184,527 | +€13,113 | +7.6% |
| Equity | 10/15 | €162,377 | €163,381 | +€1,004 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,117 | €99,121 | +€1,004 | +1.0% |
| Amounts payable | 17/49 | €9,037 | €21,146 | +€12,109 | +134% |
| Amounts payable within one year | 42/48 | €9,037 | €21,146 | +€12,109 | +134% |
| Trade debts | 44 | €2,033 | €10,363 | +€8,330 | +410% |
| Suppliers | 440/4 | €2,033 | €10,363 | +€8,330 | +410% |
| Taxes, remuneration and social security | 45 | €4,481 | €5,746 | +€1,265 | +28.2% |
| Taxes | 450/3 | €4,481 | €5,746 | +€1,265 | +28.2% |
| Other amounts payable | 47/48 | €2,523 | €5,037 | +€2,514 | +99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,676 | €35,535 | -€1,141 | -3.1% |
| Other operating charges | 640/8 | €759 | €3,942 | +€3,183 | +419% |
| Gross operating margin | 9900 | €45,088 | €37,253 | -€7,835 | -17.4% |
| Operating profit (loss) | 9901 | €7,653 | -€2,224 | -€9,877 | |
| Financial income | 75/76B | €1,852 | €1,583 | -€269 | -14.5% |
| Recurring financial income | 75 | €1,852 | €1,583 | -€269 | -14.5% |
| Financial charges | 65/66B | €682 | €190 | -€492 | -72.1% |
| Recurring financial charges | 65 | €682 | €190 | -€492 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €8,823 | -€831 | -€9,654 | |
| Income taxes | 67/77 | €7,613 | -€1,835 | -€9,448 | |
| Profit (loss) for the period | 9904 | €1,210 | €1,004 | -€206 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,210 | €1,004 | -€206 | -17.0% |
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 23 October 2026 via checked.be.