TIEL: 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.
TIEL
Largest movements
- Tangible fixed assets +€3,613
up €3,613 (+248.4%), from €1,454 to €5,068
of which Plant, machinery and equipment: +€2,833
- Receivables within one year +€2,594
up €2,594 (+59.9%), from €4,330 to €6,924
of which Trade receivables: +€1,632
- Cash -€1,421
down €1,421 (-14.3%), from €9,927 to €8,506
mainly Investment in fixed assets (net) (-€4,686) and Receivables within one year (-€2,594)
- Profit (loss) carried forward +€2,078
up €2,078 (+35.9%), from €5,781 to €7,859
- Other debts +€1,501
up €1,501 (+415.3%), from €361 to €1,862
- Trade debts +€1,440
up €1,440 (+125.2%), from €1,150 to €2,590
- Depreciation +€834
up €834 (+349.6%), from €239 to €1,073
- Taxes -€316
down €316 (-34.1%), from €927 to €611
- Financial charges +€232
up €232 (+149.6%), from €155 to €387
- Gross operating margin -€130
down €130 (-2.7%), from €4,899 to €4,769
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.
Cash bridge derived
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 | €16,283 | €21,123 | +€4,840 | +29.7% |
| Fixed assets | 21/28 | €1,454 | €5,068 | +€3,613 | +248.4% |
| Tangible fixed assets | 22/27 | €1,454 | €5,068 | +€3,613 | +248.4% |
| Plant, machinery and equipment | 23 | €1,454 | €4,287 | +€2,833 | +194.8% |
| Furniture and vehicles | 24 | - | €781 | +€781 | |
| Current assets | 29/58 | €14,829 | €16,055 | +€1,227 | +8.3% |
| Amounts receivable within one year | 40/41 | €4,330 | €6,924 | +€2,594 | +59.9% |
| Trade receivables | 40 | €3,576 | €5,208 | +€1,632 | +45.6% |
| Other amounts receivable | 41 | €753 | €1,715 | +€962 | +127.8% |
| Cash at bank and in hand | 54/58 | €9,927 | €8,506 | -€1,421 | -14.3% |
| Deferred charges and accrued income | 490/1 | €572 | €626 | +€53 | +9.3% |
| Total equity and liabilities | 10/49 | €16,283 | €21,123 | +€4,840 | +29.7% |
| Equity | 10/15 | €10,781 | €12,859 | +€2,078 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,781 | €7,859 | +€2,078 | +35.9% |
| Amounts payable | 17/49 | €5,502 | €8,264 | +€2,762 | +50.2% |
| Amounts payable within one year | 42/48 | €5,502 | €8,264 | +€2,762 | +50.2% |
| Trade debts | 44 | €1,150 | €2,590 | +€1,440 | +125.2% |
| Suppliers | 440/4 | €1,150 | €2,590 | +€1,440 | +125.2% |
| Taxes, remuneration and social security | 45 | €3,991 | €3,813 | -€178 | -4.5% |
| Taxes | 450/3 | €3,991 | €3,813 | -€178 | -4.5% |
| Other amounts payable | 47/48 | €361 | €1,862 | +€1,501 | +415.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €1,073 | +€834 | +349.6% |
| Other operating charges | 640/8 | €630 | €647 | +€18 | +2.8% |
| Gross operating margin | 9900 | €4,899 | €4,769 | -€130 | -2.7% |
| Operating profit (loss) | 9901 | €4,031 | €3,048 | -€982 | -24.4% |
| Financial income | 75/76B | €55 | €27 | -€28 | -50.4% |
| Recurring financial income | 75 | €55 | €27 | -€28 | -50.4% |
| Financial charges | 65/66B | €155 | €387 | +€232 | +149.6% |
| Recurring financial charges | 65 | €155 | €387 | +€232 | +149.6% |
| Profit (loss) for the period before taxes | 9903 | €3,931 | €2,689 | -€1,242 | -31.6% |
| Income taxes | 67/77 | €927 | €611 | -€316 | -34.1% |
| Profit (loss) for the period | 9904 | €3,004 | €2,078 | -€926 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,004 | €2,078 | -€926 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.