Tilufra: 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.
Tilufra
Largest movements
- Receivables within one year +€49,741
up €49,741 (+761%), from €6,535 to €56,276
of which Trade receivables: +€51,703
- Deferred charges and accrued income -€1,600
no longer reported in 2025 (was €1,600)
- Cash -€627
down €627 (-98.0%), from €640 to €13
mainly Receivables within one year (-€49,741) and Net result for the year (-€20,932)
- Tangible fixed assets -€597
down €597 (-37.7%), from €1,584 to €987
- Trade debts +€57,684
up €57,684 (+3,140%), from €1,837 to €59,521
- Profit (loss) carried forward -€20,932
down €20,932 (-702%), from -€2,981 to -€23,914
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Gross operating margin -€16,239
down €16,239 (-827%), from -€1,964 to -€18,203
- Financial charges +€1,381
up €1,381 (+671%), from €206 to €1,587
- Depreciation +€390
up €390 (+188%), from €207 to €597
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 | €10,359 | €57,276 | +€46,917 | +453% |
| Fixed assets | 21/28 | €1,584 | €987 | -€597 | -37.7% |
| Tangible fixed assets | 22/27 | €1,584 | €987 | -€597 | -37.7% |
| Plant, machinery and equipment | 23 | €1,584 | €987 | -€597 | -37.7% |
| Current assets | 29/58 | €8,775 | €56,289 | +€47,514 | +541% |
| Amounts receivable within one year | 40/41 | €6,535 | €56,276 | +€49,741 | +761% |
| Trade receivables | 40 | €1,807 | €53,510 | +€51,703 | +2,861% |
| Other amounts receivable | 41 | €4,729 | €2,766 | -€1,962 | -41.5% |
| Cash at bank and in hand | 54/58 | €640 | €13 | -€627 | -98.0% |
| Deferred charges and accrued income | 490/1 | €1,600 | - | -€1,600 | |
| Total equity and liabilities | 10/49 | €10,359 | €57,276 | +€46,917 | +453% |
| Equity | 10/15 | €8,522 | -€12,410 | -€20,932 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,304 | €5,304 | = | 0.0% |
| Distributable reserves | 133 | €5,304 | €5,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,981 | -€23,914 | -€20,932 | -702% |
| Amounts payable | 17/49 | €1,837 | €69,686 | +€67,849 | +3,693% |
| Amounts payable within one year | 42/48 | €1,837 | €69,686 | +€67,849 | +3,693% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €1,837 | €59,521 | +€57,684 | +3,140% |
| Suppliers | 440/4 | €1,837 | €59,521 | +€57,684 | +3,140% |
| Taxes, remuneration and social security | 45 | - | €165 | +€165 | |
| Taxes | 450/3 | - | €165 | +€165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €597 | +€390 | +188% |
| Other operating charges | 640/8 | €545 | €505 | -€41 | -7.4% |
| Gross operating margin | 9900 | -€1,964 | -€18,203 | -€16,239 | -827% |
| Operating profit (loss) | 9901 | -€2,716 | -€19,305 | -€16,588 | -611% |
| Financial income | 75/76B | €69 | €124 | +€55 | +80.9% |
| Recurring financial income | 75 | €69 | €124 | +€55 | +80.9% |
| Financial charges | 65/66B | €206 | €1,587 | +€1,381 | +671% |
| Recurring financial charges | 65 | €206 | €1,587 | +€1,381 | +671% |
| Profit (loss) for the period before taxes | 9903 | -€2,853 | -€20,767 | -€17,914 | -628% |
| Income taxes | 67/77 | €128 | €165 | +€37 | +28.8% |
| Profit (loss) for the period | 9904 | -€2,981 | -€20,932 | -€17,951 | -602% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,981 | -€20,932 | -€17,951 | -602% |
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 18 October 2026 via checked.be.