VAN TILBORG: 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.
VAN TILBORG
Largest movements
- Tangible fixed assets -€17,645
down €17,645 (-5.0%), from €355,180 to €337,534
- Receivables within one year -€5,682
down €5,682 (-35.2%), from €16,121 to €10,439
- Debts after one year -€27,632
down €27,632 (-9.8%), from €281,407 to €253,775
- Reserves +€6,575
up €6,575 (+29.5%), from €22,312 to €28,887
- Financial charges -€2,308
down €2,308 (-36.5%), from €6,329 to €4,021
- Taxes +€676
up €676 (+39.4%), from €1,718 to €2,393
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 | €371,301 | €347,973 | -€23,327 | -6.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €355,180 | €337,534 | -€17,645 | -5.0% |
| Tangible fixed assets | 22/27 | €355,180 | €337,534 | -€17,645 | -5.0% |
| Land and buildings | 22 | €355,180 | €337,534 | -€17,645 | -5.0% |
| Current assets | 29/58 | €16,121 | €10,439 | -€5,682 | -35.2% |
| Amounts receivable within one year | 40/41 | €16,121 | €10,439 | -€5,682 | -35.2% |
| Other amounts receivable | 41 | €16,121 | €10,439 | -€5,682 | -35.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €371,301 | €347,973 | -€23,327 | -6.3% |
| Equity | 10/15 | €52,312 | €58,887 | +€6,575 | +12.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €22,312 | €28,887 | +€6,575 | +29.5% |
| Distributable reserves | 133 | €22,312 | €28,887 | +€6,575 | +29.5% |
| Amounts payable | 17/49 | €318,989 | €289,087 | -€29,902 | -9.4% |
| Amounts payable after more than one year | 17 | €281,407 | €253,775 | -€27,632 | -9.8% |
| Financial debts | 170/4 | €281,407 | €253,775 | -€27,632 | -9.8% |
| Amounts payable within one year | 42/48 | €37,576 | €35,312 | -€2,264 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €28,969 | €27,632 | -€1,337 | -4.6% |
| Trade debts | 44 | €5,441 | €2,638 | -€2,803 | -51.5% |
| Suppliers | 440/4 | €5,441 | €2,638 | -€2,803 | -51.5% |
| Taxes, remuneration and social security | 45 | €3,166 | €4,111 | +€945 | +29.8% |
| Taxes | 450/3 | €3,166 | €4,111 | +€945 | +29.8% |
| Other amounts payable | 47/48 | - | €931 | +€931 | |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,910 | €17,645 | -€264 | -1.5% |
| Other operating charges | 640/8 | €3,326 | €3,312 | -€14 | -0.4% |
| Gross operating margin | 9900 | €33,868 | €33,947 | +€79 | +0.2% |
| Operating profit (loss) | 9901 | €12,632 | €12,989 | +€357 | +2.8% |
| Financial charges | 65/66B | €6,329 | €4,021 | -€2,308 | -36.5% |
| Recurring financial charges | 65 | €6,329 | €4,021 | -€2,308 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €6,303 | €8,968 | +€2,665 | +42.3% |
| Income taxes | 67/77 | €1,718 | €2,393 | +€676 | +39.4% |
| Profit (loss) for the period | 9904 | €4,585 | €6,575 | +€1,990 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,585 | €6,575 | +€1,990 | +43.4% |
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 13 October 2026 via checked.be.