Tieberghien: 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.
Tieberghien
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+544%), from €298,941 to €1.9m
of which Land and buildings: +€1.7m
- Cash +€257,433
up €257,433 (+102%), from €251,232 to €508,665
mainly Contributions, distributions and other (+€1.6m) and Current investments (+€125,000)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Contributions +€1.7m
up €1.7m (+8,225%), from €20,460 to €1.7m
- Reserves +€82,496
up €82,496 (+27.9%), from €295,818 to €378,314
- Depreciation +€17,161
up €17,161 (+18.2%), from €94,116 to €111,277
- Financial income +€4,464
up €4,464 (+286%), from €1,560 to €6,024
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 | €754,067 | €2,512,082 | +€1.8m | +233% |
| Fixed assets | 21/28 | €298,941 | €1,925,152 | +€1.6m | +544% |
| Tangible fixed assets | 22/27 | €298,941 | €1,925,152 | +€1.6m | +544% |
| Land and buildings | 22 | €68,949 | €1,745,448 | +€1.7m | +2,432% |
| Plant, machinery and equipment | 23 | €172,630 | €131,148 | -€41,482 | -24.0% |
| Furniture and vehicles | 24 | €57,362 | €48,556 | -€8,806 | -15.4% |
| Current assets | 29/58 | €455,126 | €586,930 | +€131,804 | +29.0% |
| Stocks and contracts in progress | 3 | €41,716 | €42,073 | +€357 | +0.9% |
| Stocks | 30/36 | €41,716 | €42,073 | +€357 | +0.9% |
| Amounts receivable within one year | 40/41 | €37,178 | €36,192 | -€986 | -2.7% |
| Trade receivables | 40 | €21,165 | €28,477 | +€7,312 | +34.5% |
| Other amounts receivable | 41 | €16,013 | €7,715 | -€8,298 | -51.8% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €251,232 | €508,665 | +€257,433 | +102% |
| Total equity and liabilities | 10/49 | €754,067 | €2,512,082 | +€1.8m | +233% |
| Equity | 10/15 | €559,409 | €2,324,714 | +€1.8m | +316% |
| Contributions | 10/11 | €20,460 | €1,703,269 | +€1.7m | +8,225% |
| Reserves | 13 | €295,818 | €378,314 | +€82,496 | +27.9% |
| Distributable reserves | 133 | €295,818 | €378,314 | +€82,496 | +27.9% |
| Profit (loss) carried forward | 14 | €243,131 | €243,131 | = | 0.0% |
| Amounts payable | 17/49 | €194,658 | €187,368 | -€7,290 | -3.7% |
| Amounts payable after more than one year | 17 | €73,297 | €59,020 | -€14,277 | -19.5% |
| Financial debts | 170/4 | €73,297 | €59,020 | -€14,277 | -19.5% |
| Amounts payable within one year | 42/48 | €121,361 | €128,348 | +€6,987 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €13,822 | €14,277 | +€455 | +3.3% |
| Trade debts | 44 | €37,385 | €32,393 | -€4,992 | -13.4% |
| Suppliers | 440/4 | €37,385 | €32,393 | -€4,992 | -13.4% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,320 | +€320 | +16.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €68,154 | €79,358 | +€11,204 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,116 | €111,277 | +€17,161 | +18.2% |
| Other operating charges | 640/8 | €6,357 | €7,491 | +€1,134 | +17.8% |
| Gross operating margin | 9900 | €277,194 | €278,447 | +€1,253 | +0.5% |
| Operating profit (loss) | 9901 | €176,721 | €159,679 | -€17,042 | -9.6% |
| Financial income | 75/76B | €1,560 | €6,024 | +€4,464 | +286% |
| Recurring financial income | 75 | €1,560 | €6,024 | +€4,464 | +286% |
| Financial charges | 65/66B | €3,719 | €3,277 | -€442 | -11.9% |
| Recurring financial charges | 65 | €3,719 | €3,277 | -€442 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €174,562 | €162,426 | -€12,136 | -7.0% |
| Income taxes | 67/77 | €38,138 | €39,930 | +€1,792 | +4.7% |
| Profit (loss) for the period | 9904 | €136,424 | €122,496 | -€13,928 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,424 | €122,496 | -€13,928 | -10.2% |
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 17 October 2026 via checked.be.