Thieliefriet: 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.
What changed
Thieliefriet
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,894
2024 · €44,769-€36,876
Equity
€136,819
2024 · €128,925+€7,894
Cash
€69,714
2024 · €66,931+€2,783
Balance sheet total
€479,000
2024 · €421,251+€57,748
Largest movements
Assets
- Tangible fixed assets +€47,065
up €47,065 (+15.4%), from €306,248 to €353,312
of which Furniture and vehicles: +€66,641
- Deferred charges and accrued income +€8,722
up €8,722 (+822%), from €1,061 to €9,783
Equity and liabilities
- Debts after one year +€25,187
up €25,187 (+10.3%), from €243,558 to €268,745
- Current portion of long-term debt +€18,373
up €18,373 (+109%), from €16,917 to €35,291
- Profit (loss) carried forward +€10,965
up €10,965 (+13.1%), from €83,766 to €94,730
- Trade debts +€6,340
up €6,340 (+49.2%), from €12,874 to €19,214
Income statement
- Gross operating margin -€31,667
down €31,667 (-31.2%), from €101,411 to €69,744
- Depreciation +€12,446
up €12,446 (+46.0%), from €27,067 to €39,513
- Taxes -€7,946
down €7,946 (-60.2%), from €13,194 to €5,247
- Financial charges +€1,712
up €1,712 (+11.0%), from €15,541 to €17,253
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.
Result 2024
€44,769
Gross operating margin
-€31,667
Depreciation
-€12,446
Other operating charges
-€189
Other operating items
+€1,123
Financial income
+€68
Financial charges
-€1,712
Taxes
+€7,946
Result 2025
€7,894
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€41,300
Investment
-€82,077
Financing
+€43,561
Cash 2024
€66,931
From operations (derived)
+€41,300
Net result for the year
+€7,894
Depreciation
+€39,513
Stocks and contracts
-€599
Receivables within one year
-€3,080
Deferred charges and accrued income
-€8,722
Provisions
-€768
Trade debts
+€6,340
Tax, wage and social debts
+€417
Other debts
+€1,172
Accrued charges and deferred income
-€867
Investment (derived)
-€82,077
Investment in fixed assets (net)
-€82,077
Financing
+€43,561
Debts after one year
+€25,187
Current portion of long-term debt
+€18,373
Cash 2025
€69,714
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,251 | €479,000 | +€57,748 | +13.7% |
| Fixed assets | 21/28 | €342,260 | €384,825 | +€42,565 | +12.4% |
| Intangible fixed assets | 21 | €36,012 | €31,512 | -€4,500 | -12.5% |
| Tangible fixed assets | 22/27 | €306,248 | €353,312 | +€47,065 | +15.4% |
| Land and buildings | 22 | €232,710 | €221,187 | -€11,523 | -5.0% |
| Plant, machinery and equipment | 23 | €31,306 | €30,438 | -€868 | -2.8% |
| Furniture and vehicles | 24 | €6,284 | €72,925 | +€66,641 | +1,061% |
| Leasing and similar rights | 25 | €35,948 | €28,763 | -€7,186 | -20.0% |
| Current assets | 29/58 | €78,991 | €94,175 | +€15,184 | +19.2% |
| Stocks and contracts in progress | 3 | €3,614 | €4,213 | +€599 | +16.6% |
| Stocks | 30/36 | €3,614 | €4,213 | +€599 | +16.6% |
| Amounts receivable within one year | 40/41 | €7,385 | €10,464 | +€3,080 | +41.7% |
| Trade receivables | 40 | - | €1,305 | +€1,305 | |
| Other amounts receivable | 41 | €7,385 | €9,160 | +€1,775 | +24.0% |
| Cash at bank and in hand | 54/58 | €66,931 | €69,714 | +€2,783 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,061 | €9,783 | +€8,722 | +822% |
| Total equity and liabilities | 10/49 | €421,251 | €479,000 | +€57,748 | +13.7% |
| Equity | 10/15 | €128,925 | €136,819 | +€7,894 | +6.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,159 | €32,088 | -€3,071 | -8.7% |
| Tax-exempt reserves | 132 | €35,159 | €32,088 | -€3,071 | -8.7% |
| Profit (loss) carried forward | 14 | €83,766 | €94,730 | +€10,965 | +13.1% |
| Provisions and deferred taxes | 16 | €8,790 | €8,022 | -€768 | -8.7% |
| Deferred taxes | 168 | €8,790 | €8,022 | -€768 | -8.7% |
| Amounts payable | 17/49 | €283,537 | €334,159 | +€50,622 | +17.9% |
| Amounts payable after more than one year | 17 | €243,558 | €268,745 | +€25,187 | +10.3% |
| Financial debts | 170/4 | €243,558 | €268,745 | +€25,187 | +10.3% |
| Amounts payable within one year | 42/48 | €39,094 | €65,396 | +€26,302 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €16,917 | €35,291 | +€18,373 | +109% |
| Trade debts | 44 | €12,874 | €19,214 | +€6,340 | +49.2% |
| Suppliers | 440/4 | €12,874 | €19,214 | +€6,340 | +49.2% |
| Taxes, remuneration and social security | 45 | €7,923 | €8,340 | +€417 | +5.3% |
| Taxes | 450/3 | €3,923 | €8,340 | +€4,417 | +113% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €1,380 | €2,551 | +€1,172 | +84.9% |
| Accrued charges and deferred income | 492/3 | €885 | €18 | -€867 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,067 | €39,513 | +€12,446 | +46.0% |
| Other operating charges | 640/8 | €505 | €694 | +€189 | +37.3% |
| Non-recurring operating charges | 66A | €1,123 | - | -€1,123 | |
| Gross operating margin | 9900 | €101,411 | €69,744 | -€31,667 | -31.2% |
| Operating profit (loss) | 9901 | €72,716 | €29,538 | -€43,178 | -59.4% |
| Financial income | 75/76B | €21 | €89 | +€68 | +321% |
| Recurring financial income | 75 | €21 | €89 | +€68 | +321% |
| Financial charges | 65/66B | €15,541 | €17,253 | +€1,712 | +11.0% |
| Recurring financial charges | 65 | €15,541 | €17,253 | +€1,712 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €57,195 | €12,373 | -€44,822 | -78.4% |
| Transfer from deferred taxes | 780 | €768 | €768 | = | 0.0% |
| Income taxes | 67/77 | €13,194 | €5,247 | -€7,946 | -60.2% |
| Profit (loss) for the period | 9904 | €44,769 | €7,894 | -€36,876 | -82.4% |
| Transfer from tax-exempt reserves | 789 | €3,071 | €3,071 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,840 | €10,965 | -€36,876 | -77.1% |
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 24 October 2026 via checked.be.