Tiltshift: 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.
Tiltshift
Largest movements
- Receivables within one year +€6,438
up €6,438 (+262.8%), from €2,449 to €8,888
of which Trade receivables: +€6,438
- Cash -€2,567
down €2,567 (-33.1%), from €7,762 to €5,195
mainly Other debts (-€16,956) and Receivables within one year (-€6,438)
- Tangible fixed assets -€2,266
down €2,266 (-69.7%), from €3,252 to €985
- Deferred charges and accrued income -€272
down €272 (-37.3%), from €729 to €457
- Other debts -€16,956
down €16,956 (-12.0%), from €141,082 to €124,126
- Tax, wage and social debts +€14,179
up €14,179 (+588.7%), from €2,409 to €16,587
of which Remuneration and social security: +€12,000
- Profit (loss) carried forward +€5,893
up €5,893 (+3.6%), from -€162,504 to -€156,611
- Trade debts -€1,658
down €1,658 (-74.9%), from €2,214 to €556
- Gross operating margin +€17,139
up €17,139, from -€8,299 to €8,841
- Depreciation -€213
down €213 (-8.6%), from €2,479 to €2,266
- Other operating charges -€102
down €102 (-15.8%), from €646 to €544
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 | €14,191 | €15,524 | +€1,333 | +9.4% |
| Fixed assets | 21/28 | €3,252 | €985 | -€2,266 | -69.7% |
| Tangible fixed assets | 22/27 | €3,252 | €985 | -€2,266 | -69.7% |
| Plant, machinery and equipment | 23 | €3,252 | €985 | -€2,266 | -69.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €10,940 | €14,539 | +€3,599 | +32.9% |
| Amounts receivable within one year | 40/41 | €2,449 | €8,888 | +€6,438 | +262.8% |
| Trade receivables | 40 | €2,449 | €8,888 | +€6,438 | +262.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,762 | €5,195 | -€2,567 | -33.1% |
| Deferred charges and accrued income | 490/1 | €729 | €457 | -€272 | -37.3% |
| Total equity and liabilities | 10/49 | €14,191 | €15,524 | +€1,333 | +9.4% |
| Equity | 10/15 | -€142,044 | -€136,151 | +€5,893 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,504 | -€156,611 | +€5,893 | +3.6% |
| Amounts payable | 17/49 | €156,235 | €151,676 | -€4,560 | -2.9% |
| Amounts payable after more than one year | 17 | €10,406 | €10,406 | = | 0.0% |
| Financial debts | 170/4 | €10,406 | €10,406 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,829 | €141,270 | -€4,560 | -3.1% |
| Financial debts | 43 | €125 | €0 | -€125 | -100.0% |
| Credit institutions | 430/8 | €125 | €0 | -€125 | -100.0% |
| Trade debts | 44 | €2,214 | €556 | -€1,658 | -74.9% |
| Suppliers | 440/4 | €2,214 | €556 | -€1,658 | -74.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,409 | €16,587 | +€14,179 | +588.7% |
| Taxes | 450/3 | €2,409 | €4,587 | +€2,179 | +90.4% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €141,082 | €124,126 | -€16,956 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,479 | €2,266 | -€213 | -8.6% |
| Other operating charges | 640/8 | €646 | €544 | -€102 | -15.8% |
| Gross operating margin | 9900 | -€8,299 | €8,841 | +€17,139 | |
| Operating profit (loss) | 9901 | -€11,424 | €6,030 | +€17,454 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €125 | €138 | +€13 | +10.0% |
| Recurring financial charges | 65 | €125 | €138 | +€13 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,549 | €5,893 | +€17,442 | |
| Income taxes | 67/77 | €59 | €0 | -€59 | -100.0% |
| Profit (loss) for the period | 9904 | -€11,608 | €5,893 | +€17,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,608 | €5,893 | +€17,501 |
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 4 October 2026 via checked.be.