TIELEMANS PATRICK: 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.
TIELEMANS PATRICK
Largest movements
- Receivables within one year +€33,166
up €33,166 (+105%), from €31,469 to €64,635
of which Trade receivables: +€30,544
- Tangible fixed assets -€19,364
down €19,364 (-45.1%), from €42,912 to €23,548
of which Furniture and vehicles: -€12,583
- Cash -€14,641
down €14,641 (-40.9%), from €35,811 to €21,170
mainly Receivables within one year (-€33,166) and Tax, wage and social debts (-€8,262)
- Deferred charges and accrued income +€1,987
up €1,987 (+536%), from €370 to €2,357
- Tax, wage and social debts -€8,262
down €8,262 (-68.7%), from €12,034 to €3,771
of which Taxes: -€5,304
- Debts after one year -€7,657
down €7,657 (-32.5%), from €23,552 to €15,895
- Other debts +€7,122
up €7,122 (+15.7%), from €45,226 to €52,348
- Reserves +€6,374
up €6,374 (+27.7%), from €22,971 to €29,345
- Trade debts +€2,013
up €2,013 (+25.9%), from €7,769 to €9,783
- Gross operating margin +€828
up €828 (+2.8%), from €29,515 to €30,343
- Financial charges +€375
up €375 (+35.4%), from €1,059 to €1,434
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 | €122,528 | €122,518 | -€9 | 0.0% |
| Fixed assets | 21/28 | €42,912 | €23,548 | -€19,364 | -45.1% |
| Tangible fixed assets | 22/27 | €42,912 | €23,548 | -€19,364 | -45.1% |
| Land and buildings | 22 | €16,035 | €12,505 | -€3,530 | -22.0% |
| Plant, machinery and equipment | 23 | €3,478 | €227 | -€3,250 | -93.5% |
| Furniture and vehicles | 24 | €23,399 | €10,815 | -€12,583 | -53.8% |
| Current assets | 29/58 | €79,616 | €98,971 | +€19,355 | +24.3% |
| Stocks and contracts in progress | 3 | €11,966 | €10,808 | -€1,158 | -9.7% |
| Stocks | 30/36 | €11,966 | €10,808 | -€1,158 | -9.7% |
| Amounts receivable within one year | 40/41 | €31,469 | €64,635 | +€33,166 | +105% |
| Trade receivables | 40 | €31,466 | €62,010 | +€30,544 | +97.1% |
| Other amounts receivable | 41 | €3 | €2,624 | +€2,622 | +94,986% |
| Cash at bank and in hand | 54/58 | €35,811 | €21,170 | -€14,641 | -40.9% |
| Deferred charges and accrued income | 490/1 | €370 | €2,357 | +€1,987 | +536% |
| Total equity and liabilities | 10/49 | €122,528 | €122,518 | -€9 | 0.0% |
| Equity | 10/15 | €25,971 | €32,345 | +€6,374 | +24.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,971 | €29,345 | +€6,374 | +27.7% |
| Distributable reserves | 133 | €22,971 | €29,345 | +€6,374 | +27.7% |
| Amounts payable | 17/49 | €96,557 | €90,174 | -€6,383 | -6.6% |
| Amounts payable after more than one year | 17 | €23,552 | €15,895 | -€7,657 | -32.5% |
| Financial debts | 170/4 | €23,552 | €15,895 | -€7,657 | -32.5% |
| Amounts payable within one year | 42/48 | €72,357 | €73,559 | +€1,202 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €7,327 | €7,657 | +€329 | +4.5% |
| Trade debts | 44 | €7,769 | €9,783 | +€2,013 | +25.9% |
| Suppliers | 440/4 | €7,769 | €9,783 | +€2,013 | +25.9% |
| Taxes, remuneration and social security | 45 | €12,034 | €3,771 | -€8,262 | -68.7% |
| Taxes | 450/3 | €9,075 | €3,771 | -€5,304 | -58.4% |
| Remuneration and social security | 454/9 | €2,959 | - | -€2,959 | |
| Other amounts payable | 47/48 | €45,226 | €52,348 | +€7,122 | +15.7% |
| Accrued charges and deferred income | 492/3 | €648 | €720 | +€72 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,863 | €17,114 | +€250 | +1.5% |
| Other operating charges | 640/8 | €1,205 | €1,451 | +€245 | +20.3% |
| Non-recurring operating charges | 66A | - | €750 | +€750 | |
| Gross operating margin | 9900 | €29,515 | €30,343 | +€828 | +2.8% |
| Operating profit (loss) | 9901 | €11,446 | €11,028 | -€417 | -3.6% |
| Financial income | 75/76B | €102 | €97 | -€5 | -5.3% |
| Recurring financial income | 75 | €102 | €97 | -€5 | -5.3% |
| Financial charges | 65/66B | €1,059 | €1,434 | +€375 | +35.4% |
| Recurring financial charges | 65 | €1,059 | €1,434 | +€375 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €10,489 | €9,691 | -€798 | -7.6% |
| Income taxes | 67/77 | €3,075 | €3,318 | +€243 | +7.9% |
| Profit (loss) for the period | 9904 | €7,414 | €6,374 | -€1,041 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,414 | €6,374 | -€1,041 | -14.0% |
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 31 October 2026 via checked.be.