TYLES: 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.
What changed
TYLES
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€766,938
2023 · -€468,594-€298,343
Equity
€1.0m
2023 · €1.8m-€766,938
Cash
€414,934
2023 · €398,055+€16,879
Balance sheet total
€6.6m
2023 · €7.7m-€1.1m
Largest movements
Assets
- Receivables within one year -€393,492
down €393,492 (-21.3%), from €1.8m to €1.5m
of which Trade receivables: -€393,259
- Stocks and contracts -€362,388
down €362,388 (-10.9%), from €3.3m to €3.0m
- Tangible fixed assets -€309,322
down €309,322 (-16.3%), from €1.9m to €1.6m
of which Plant, machinery and equipment: -€156,909
- Intangible fixed assets -€85,763
down €85,763 (-46.1%), from €186,097 to €100,334
Equity and liabilities
- Profit (loss) carried forward -€766,938
down €766,938 (-364.8%), from -€210,256 to -€977,194
- Debts after one year -€344,437
down €344,437 (-24.9%), from €1.4m to €1.0m
- Advances received +€84,485
up €84,485 (+59.3%), from €142,572 to €227,056
Income statement
- Turnover +€4.8m
up €4.8m (+48.3%), from €9.9m to €14.7m
- Goods and materials +€3.0m
up €3.0m (+48.1%), from €6.2m to €9.2m
of which Purchases: +€3.2m
- Services and other goods +€1.4m
up €1.4m (+49.8%), from €2.8m to €4.2m
- Staff costs +€630,661
up €630,661 (+81.0%), from €778,819 to €1.4m
- Depreciation +€303,473
up €303,473 (+43.3%), from €700,856 to €1.0m
From the 2023 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.
Result 2023
-€468,594
Turnover
+€4.8m
Other operating income
+€269,516
Goods and materials
-€3.0m
Services and other goods
-€1.4m
Staff costs
-€630,661
Depreciation
-€303,473
Write-downs
-€21,873
Other operating charges
-€1,332
Other operating items
+€209,016
Financial income
-€50,253
Financial charges
-€148,120
Taxes
-€1,155
Result 2025
-€766,938
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,678,306 | €6,564,728 | -€1.1m | -14.5% |
| Fixed assets | 21/28 | €2,087,040 | €1,691,956 | -€395,085 | -18.9% |
| Intangible fixed assets | 21 | €186,097 | €100,334 | -€85,763 | -46.1% |
| Tangible fixed assets | 22/27 | €1,900,404 | €1,591,082 | -€309,322 | -16.3% |
| Plant, machinery and equipment | 23 | €256,747 | €99,838 | -€156,909 | -61.1% |
| Furniture and vehicles | 24 | €742,631 | €607,670 | -€134,961 | -18.2% |
| Other tangible fixed assets | 26 | €901,026 | €883,574 | -€17,452 | -1.9% |
| Financial fixed assets | 28 | €539 | €539 | = | 0.0% |
| Other financial fixed assets | 284/8 | €539 | €539 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €539 | €539 | = | 0.0% |
| Current assets | 29/58 | €5,591,265 | €4,872,772 | -€718,493 | -12.9% |
| Stocks and contracts in progress | 3 | €3,322,839 | €2,960,452 | -€362,388 | -10.9% |
| Stocks | 30/36 | €3,322,839 | €2,960,452 | -€362,388 | -10.9% |
| Goods purchased for resale | 34 | €3,322,839 | €2,960,452 | -€362,388 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,848,501 | €1,455,008 | -€393,492 | -21.3% |
| Trade receivables | 40 | €1,830,969 | €1,437,711 | -€393,259 | -21.5% |
| Other amounts receivable | 41 | €17,531 | €17,298 | -€234 | -1.3% |
| Cash at bank and in hand | 54/58 | €398,055 | €414,934 | +€16,879 | +4.2% |
| Deferred charges and accrued income | 490/1 | €21,871 | €42,379 | +€20,508 | +93.8% |
| Total equity and liabilities | 10/49 | €7,678,306 | €6,564,728 | -€1.1m | -14.5% |
| Equity | 10/15 | €1,789,744 | €1,022,806 | -€766,938 | -42.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€210,256 | -€977,194 | -€766,938 | -364.8% |
| Amounts payable | 17/49 | €5,888,562 | €5,541,922 | -€346,640 | -5.9% |
| Amounts payable after more than one year | 17 | €1,385,172 | €1,040,735 | -€344,437 | -24.9% |
| Financial debts | 170/4 | €1,385,172 | €1,040,735 | -€344,437 | -24.9% |
| Subordinated loans | 170 | - | €700,000 | +€700,000 | |
| Credit institutions | 173 | €639,972 | €340,735 | -€299,237 | -46.8% |
| Other loans | 174 | €745,200 | €0 | -€745,200 | -100.0% |
| Amounts payable within one year | 42/48 | €4,495,996 | €4,497,233 | +€1,237 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €190,833 | €157,577 | -€33,256 | -17.4% |
| Financial debts | 43 | €3,045,876 | €2,974,896 | -€70,981 | -2.3% |
| Credit institutions | 430/8 | €3,045,876 | €2,974,896 | -€70,981 | -2.3% |
| Trade debts | 44 | €805,471 | €772,985 | -€32,486 | -4.0% |
| Suppliers | 440/4 | €805,471 | €772,985 | -€32,486 | -4.0% |
| Advances received on contracts in progress | 46 | €142,572 | €227,056 | +€84,485 | +59.3% |
| Taxes, remuneration and social security | 45 | €311,243 | €364,718 | +€53,475 | +17.2% |
| Taxes | 450/3 | €180,240 | €226,166 | +€45,927 | +25.5% |
| Remuneration and social security | 454/9 | €131,004 | €138,552 | +€7,548 | +5.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,394 | €3,954 | -€3,440 | -46.5% |
| Operating income | 70/76A | €10,192,241 | €15,468,498 | +€5.3m | +51.8% |
| Turnover | 70 | €9,902,774 | €14,687,358 | +€4.8m | +48.3% |
| Other operating income | 74 | €289,467 | €558,982 | +€269,516 | +93.1% |
| Non-recurring operating income | 76A | - | €222,158 | +€222,158 | |
| Operating charges | 60/66A | €10,528,634 | €15,903,706 | +€5.4m | +51.1% |
| Goods for resale, raw materials and consumables | 60 | €6,218,217 | €9,209,655 | +€3.0m | +48.1% |
| Purchases | 600/8 | €5,598,819 | €8,847,267 | +€3.2m | +58.0% |
| Change in stocks: decrease (increase) | 609 | €619,398 | €362,388 | -€257,010 | -41.5% |
| Services and other goods | 61 | €2,835,826 | €4,248,979 | +€1.4m | +49.8% |
| Remuneration, social security and pensions | 62 | €778,819 | €1,409,480 | +€630,661 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,856 | €1,004,328 | +€303,473 | +43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,296 | €15,577 | +€21,873 | |
| Other operating charges | 640/8 | €1,212 | €2,544 | +€1,332 | +109.9% |
| Non-recurring operating charges | 66A | - | €13,142 | +€13,142 | |
| Operating profit (loss) | 9901 | -€336,393 | -€435,208 | -€98,815 | -29.4% |
| Financial income | 75/76B | €67,551 | €17,298 | -€50,253 | -74.4% |
| Recurring financial income | 75 | €67,551 | €17,298 | -€50,253 | -74.4% |
| Other financial income | 752/9 | €67,551 | €17,298 | -€50,253 | -74.4% |
| Financial charges | 65/66B | €197,841 | €345,962 | +€148,120 | +74.9% |
| Recurring financial charges | 65 | €197,841 | €345,962 | +€148,120 | +74.9% |
| Debt charges | 650 | €183,504 | €336,012 | +€152,508 | +83.1% |
| Other financial charges | 652/9 | €14,337 | €9,950 | -€4,387 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€466,683 | -€763,872 | -€297,188 | -63.7% |
| Income taxes | 67/77 | €1,911 | €3,066 | +€1,155 | +60.4% |
| Taxes | 670/3 | €1,911 | €3,066 | +€1,155 | +60.4% |
| Profit (loss) for the period | 9904 | -€468,594 | -€766,938 | -€298,343 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€468,594 | -€766,938 | -€298,343 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.