TieLau: 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.
TieLau
Largest movements
- Receivables within one year +€21,105
up €21,105 (+97.1%), from €21,737 to €42,842
of which Trade receivables: +€19,710
- Tangible fixed assets -€2,296
down €2,296 (-55.7%), from €4,119 to €1,823
of which Furniture and vehicles: -€1,267
- Cash +€1,204
up €1,204 (+2.2%), from €55,510 to €56,714
mainly Net result for the year (+€66,753) and Other debts (+€22,061)
- Other debts +€22,061
up €22,061 (+34.3%), from €64,378 to €86,439
- Trade debts -€1,606
down €1,606 (-75.6%), from €2,123 to €517
- Gross operating margin +€27,671
up €27,671 (+44.5%), from €62,175 to €89,846
- Taxes +€6,542
up €6,542 (+53.3%), from €12,269 to €18,811
- Depreciation -€3,624
down €3,624 (-61.2%), from €5,919 to €2,296
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 | €82,972 | €102,981 | +€20,009 | +24.1% |
| Fixed assets | 21/28 | €4,119 | €1,823 | -€2,296 | -55.7% |
| Tangible fixed assets | 22/27 | €4,119 | €1,823 | -€2,296 | -55.7% |
| Plant, machinery and equipment | 23 | €2,007 | €979 | -€1,028 | -51.2% |
| Furniture and vehicles | 24 | €2,111 | €844 | -€1,267 | -60.0% |
| Current assets | 29/58 | €78,853 | €101,157 | +€22,304 | +28.3% |
| Amounts receivable within one year | 40/41 | €21,737 | €42,842 | +€21,105 | +97.1% |
| Trade receivables | 40 | €13,931 | €33,641 | +€19,710 | +141% |
| Other amounts receivable | 41 | €7,806 | €9,201 | +€1,395 | +17.9% |
| Cash at bank and in hand | 54/58 | €55,510 | €56,714 | +€1,204 | +2.2% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,602 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €82,972 | €102,981 | +€20,009 | +24.1% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,972 | €97,981 | +€20,009 | +25.7% |
| Amounts payable within one year | 42/48 | €77,972 | €97,981 | +€20,009 | +25.7% |
| Trade debts | 44 | €2,123 | €517 | -€1,606 | -75.6% |
| Suppliers | 440/4 | €2,123 | €517 | -€1,606 | -75.6% |
| Taxes, remuneration and social security | 45 | €11,471 | €11,024 | -€447 | -3.9% |
| Taxes | 450/3 | €9,196 | €8,749 | -€447 | -4.9% |
| Remuneration and social security | 454/9 | €2,275 | €2,275 | = | 0.0% |
| Other amounts payable | 47/48 | €64,378 | €86,439 | +€22,061 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,919 | €2,296 | -€3,624 | -61.2% |
| Other operating charges | 640/8 | €735 | €1,195 | +€460 | +62.5% |
| Gross operating margin | 9900 | €62,175 | €89,846 | +€27,671 | +44.5% |
| Operating profit (loss) | 9901 | €55,520 | €86,355 | +€30,835 | +55.5% |
| Financial income | 75/76B | €382 | €684 | +€302 | +79.2% |
| Recurring financial income | 75 | €382 | €684 | +€302 | +79.2% |
| Financial charges | 65/66B | €2,051 | €1,476 | -€575 | -28.0% |
| Recurring financial charges | 65 | €2,051 | €1,476 | -€575 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €53,851 | €85,563 | +€31,712 | +58.9% |
| Income taxes | 67/77 | €12,269 | €18,811 | +€6,542 | +53.3% |
| Profit (loss) for the period | 9904 | €41,582 | €66,753 | +€25,170 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,582 | €66,753 | +€25,170 | +60.5% |
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.