TIELEMANS VASTGOED: what changed
TIELEMANS VASTGOED
Largest movements
- Cash +€37,851
up €37,851 (+44.4%), from €85,237 to €123,088
mainly Other debts (+€38,070) and Net result for the year (+€17,204)
- Receivables within one year -€13,150
down €13,150 (-16.9%), from €77,977 to €64,827
of which Other amounts receivable: -€9,585
- Tangible fixed assets -€4,586
down €4,586 (-6.8%), from €67,411 to €62,825
- Other debts +€38,070
new in 2025: €38,070
- Reserves -€13,300
down €13,300 (-8.3%), from €160,700 to €147,400
of which Distributable reserves: -€13,300
- Tax, wage and social debts -€3,520
no longer reported in 2025 (was €3,520)
- Gross operating margin +€4,951
up €4,951 (+12.7%), from €38,883 to €43,834
- Financial income -€2,343
down €2,343 (-81.4%), from €2,878 to €535
- Financial charges +€1,090
up €1,090 (+1,300%), from €84 to €1,174
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,168 | €253,369 | +€20,200 | +8.7% |
| Fixed assets | 21/28 | €67,411 | €62,825 | -€4,586 | -6.8% |
| Tangible fixed assets | 22/27 | €67,411 | €62,825 | -€4,586 | -6.8% |
| Land and buildings | 22 | €67,411 | €62,825 | -€4,586 | -6.8% |
| Current assets | 29/58 | €165,757 | €190,543 | +€24,786 | +15.0% |
| Amounts receivable within one year | 40/41 | €77,977 | €64,827 | -€13,150 | -16.9% |
| Trade receivables | 40 | €10,107 | €6,542 | -€3,565 | -35.3% |
| Other amounts receivable | 41 | €67,870 | €58,285 | -€9,585 | -14.1% |
| Cash at bank and in hand | 54/58 | €85,237 | €123,088 | +€37,851 | +44.4% |
| Deferred charges and accrued income | 490/1 | €2,543 | €2,629 | +€85 | +3.4% |
| Total equity and liabilities | 10/49 | €233,168 | €253,369 | +€20,200 | +8.7% |
| Equity | 10/15 | €223,296 | €210,050 | -€13,246 | -5.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €160,700 | €147,400 | -€13,300 | -8.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Reserves not available under the articles | 1311 | €6,150 | - | -€6,150 | |
| Distributable reserves | 133 | €154,550 | €141,250 | -€13,300 | -8.6% |
| Profit (loss) carried forward | 14 | €1,096 | €1,150 | +€54 | +4.9% |
| Amounts payable | 17/49 | €9,872 | €43,319 | +€33,446 | +339% |
| Amounts payable after more than one year | 17 | €3,650 | €1,800 | -€1,850 | -50.7% |
| Other amounts payable | 178/9 | €3,650 | €1,800 | -€1,850 | -50.7% |
| Amounts payable within one year | 42/48 | €6,222 | €41,519 | +€35,296 | +567% |
| Trade debts | 44 | €2,702 | €3,449 | +€746 | +27.6% |
| Suppliers | 440/4 | €2,702 | €3,449 | +€746 | +27.6% |
| Taxes, remuneration and social security | 45 | €3,520 | - | -€3,520 | |
| Taxes | 450/3 | €3,520 | - | -€3,520 | |
| Other amounts payable | 47/48 | - | €38,070 | +€38,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,586 | €4,586 | = | 0.0% |
| Other operating charges | 640/8 | €12,303 | €12,652 | +€349 | +2.8% |
| Gross operating margin | 9900 | €38,883 | €43,834 | +€4,951 | +12.7% |
| Operating profit (loss) | 9901 | €21,994 | €26,596 | +€4,602 | +20.9% |
| Financial income | 75/76B | €2,878 | €535 | -€2,343 | -81.4% |
| Recurring financial income | 75 | €2,878 | €535 | -€2,343 | -81.4% |
| Financial charges | 65/66B | €84 | €1,174 | +€1,090 | +1,300% |
| Recurring financial charges | 65 | €84 | €1,174 | +€1,090 | +1,300% |
| Profit (loss) for the period before taxes | 9903 | €24,788 | €25,957 | +€1,169 | +4.7% |
| Income taxes | 67/77 | €8,537 | €8,753 | +€216 | +2.5% |
| Profit (loss) for the period | 9904 | €16,251 | €17,204 | +€953 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,251 | €17,204 | +€953 | +5.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.