TILUC: 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.
TILUC
Largest movements
- Cash +€8,707
up €8,707 (+19.7%), from €44,197 to €52,903
mainly Net result for the year (+€21,472) and Depreciation (+€7,582)
- Receivables within one year +€8,702
up €8,702 (+30.3%), from €28,757 to €37,459
of which Other amounts receivable: +€10,486
- Tangible fixed assets -€4,290
down €4,290 (-32.2%), from €13,308 to €9,018
of which Plant, machinery and equipment: -€3,605
- Financial fixed assets +€2,760
new in 2025: €2,760
- Stocks and contracts -€2,646
down €2,646 (-40.9%), from €6,470 to €3,823
- Reserves +€18,674
up €18,674 (+23.5%), from €79,368 to €98,042
of which Distributable reserves: +€18,674
- Trade debts -€3,038
down €3,038 (-82.9%), from €3,664 to €625
- Other debts -€2,564
down €2,564 (-72.9%), from €3,519 to €955
- Gross operating margin -€26,157
down €26,157 (-27.7%), from €94,439 to €68,283
- Staff costs -€13,949
down €13,949 (-33.7%), from €41,414 to €27,465
- Taxes -€4,701
down €4,701 (-30.5%), from €15,391 to €10,690
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 | €92,990 | €105,964 | +€12,973 | +14.0% |
| Fixed assets | 21/28 | €13,308 | €11,778 | -€1,530 | -11.5% |
| Tangible fixed assets | 22/27 | €13,308 | €9,018 | -€4,290 | -32.2% |
| Plant, machinery and equipment | 23 | €11,996 | €8,391 | -€3,605 | -30.1% |
| Furniture and vehicles | 24 | €1,312 | €627 | -€685 | -52.2% |
| Financial fixed assets | 28 | - | €2,760 | +€2,760 | |
| Current assets | 29/58 | €79,682 | €94,186 | +€14,504 | +18.2% |
| Stocks and contracts in progress | 3 | €6,470 | €3,823 | -€2,646 | -40.9% |
| Stocks | 30/36 | €6,470 | €3,823 | -€2,646 | -40.9% |
| Amounts receivable within one year | 40/41 | €28,757 | €37,459 | +€8,702 | +30.3% |
| Trade receivables | 40 | €3,009 | €1,226 | -€1,784 | -59.3% |
| Other amounts receivable | 41 | €25,747 | €36,233 | +€10,486 | +40.7% |
| Cash at bank and in hand | 54/58 | €44,197 | €52,903 | +€8,707 | +19.7% |
| Deferred charges and accrued income | 490/1 | €259 | €0 | -€259 | -100.0% |
| Total equity and liabilities | 10/49 | €92,990 | €105,964 | +€12,973 | +14.0% |
| Equity | 10/15 | €85,568 | €104,242 | +€18,674 | +21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,368 | €98,042 | +€18,674 | +23.5% |
| 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 | €77,508 | €96,182 | +€18,674 | +24.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,423 | €1,722 | -€5,701 | -76.8% |
| Amounts payable within one year | 42/48 | €7,423 | €1,722 | -€5,701 | -76.8% |
| Trade debts | 44 | €3,664 | €625 | -€3,038 | -82.9% |
| Suppliers | 440/4 | €3,664 | €625 | -€3,038 | -82.9% |
| Taxes, remuneration and social security | 45 | €240 | €142 | -€98 | -40.7% |
| Taxes | 450/3 | €240 | €2 | -€238 | -99.0% |
| Remuneration and social security | 454/9 | - | €140 | +€140 | |
| Other amounts payable | 47/48 | €3,519 | €955 | -€2,564 | -72.9% |
| Non-recurring operating income | 76A | €2,768 | €0 | -€2,768 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,414 | €27,465 | -€13,949 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,256 | €7,582 | +€326 | +4.5% |
| Other operating charges | 640/8 | €172 | €1,094 | +€922 | +535.3% |
| Gross operating margin | 9900 | €94,439 | €68,283 | -€26,157 | -27.7% |
| Operating profit (loss) | 9901 | €45,597 | €32,142 | -€13,455 | -29.5% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €929 | €37 | -€892 | -96.0% |
| Recurring financial charges | 65 | €929 | €37 | -€892 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €44,668 | €32,162 | -€12,507 | -28.0% |
| Income taxes | 67/77 | €15,391 | €10,690 | -€4,701 | -30.5% |
| Profit (loss) for the period | 9904 | €29,277 | €21,472 | -€7,805 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,277 | €21,472 | -€7,805 | -26.7% |
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 9 October 2026 via checked.be.