Tielen Dario: 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.
Tielen Dario
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Receivables within one year +€192,972
up €192,972 (+707%), from €27,295 to €220,267
of which Other amounts receivable: +€195,050
- Tangible fixed assets +€91,849
up €91,849 (+38.4%), from €238,919 to €330,768
of which Other tangible fixed assets: +€70,317
- Cash +€24,643
up €24,643 (+35.3%), from €69,814 to €94,456
mainly Current investments (+€250,000) and Net result for the year (+€96,241)
- Intangible fixed assets -€8,858
down €8,858 (-15.7%), from €56,483 to €47,626
- Other debts +€66,688
up €66,688 (+802%), from €8,312 to €75,000
- Reserves +€21,241
up €21,241 (+4.0%), from €535,196 to €556,437
- Debts after one year -€19,857
down €19,857 (-42.2%), from €47,083 to €27,226
- Accrued charges and deferred income +€15,299
up €15,299 (+1,933%), from €791 to €16,090
- Trade debts -€15,075
down €15,075 (-58.2%), from €25,909 to €10,834
- Gross operating margin -€93,022
down €93,022 (-28.0%), from €331,923 to €238,901
- Taxes -€52,801
down €52,801 (-93.5%), from €56,454 to €3,653
- Staff costs +€29,104
up €29,104 (+1,332%), from €2,185 to €31,289
- Financial income +€8,797
up €8,797 (+9,491%), from €93 to €8,890
- Other operating charges +€4,746
up €4,746 (+254%), from €1,870 to €6,615
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 | €652,149 | €715,913 | +€63,765 | +9.8% |
| Fixed assets | 21/28 | €295,402 | €378,393 | +€82,991 | +28.1% |
| Intangible fixed assets | 21 | €56,483 | €47,626 | -€8,858 | -15.7% |
| Tangible fixed assets | 22/27 | €238,919 | €330,768 | +€91,849 | +38.4% |
| Plant, machinery and equipment | 23 | €100,506 | €148,024 | +€47,518 | +47.3% |
| Furniture and vehicles | 24 | €95,569 | €69,583 | -€25,986 | -27.2% |
| Other tangible fixed assets | 26 | €42,844 | €113,161 | +€70,317 | +164% |
| Current assets | 29/58 | €356,747 | €337,520 | -€19,227 | -5.4% |
| Stocks and contracts in progress | 3 | €5,165 | €9,875 | +€4,710 | +91.2% |
| Stocks | 30/36 | €5,165 | €9,875 | +€4,710 | +91.2% |
| Amounts receivable within one year | 40/41 | €27,295 | €220,267 | +€192,972 | +707% |
| Trade receivables | 40 | €12,524 | €10,445 | -€2,079 | -16.6% |
| Other amounts receivable | 41 | €14,772 | €209,822 | +€195,050 | +1,320% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €69,814 | €94,456 | +€24,643 | +35.3% |
| Deferred charges and accrued income | 490/1 | €4,472 | €12,921 | +€8,449 | +189% |
| Total equity and liabilities | 10/49 | €652,149 | €715,913 | +€63,765 | +9.8% |
| Equity | 10/15 | €540,196 | €561,437 | +€21,241 | +3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €535,196 | €556,437 | +€21,241 | +4.0% |
| Distributable reserves | 133 | €535,196 | €556,437 | +€21,241 | +4.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €111,953 | €154,476 | +€42,524 | +38.0% |
| Amounts payable after more than one year | 17 | €47,083 | €27,226 | -€19,857 | -42.2% |
| Financial debts | 170/4 | €47,083 | €27,226 | -€19,857 | -42.2% |
| Amounts payable within one year | 42/48 | €64,078 | €111,159 | +€47,081 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | €19,389 | €19,857 | +€468 | +2.4% |
| Trade debts | 44 | €25,909 | €10,834 | -€15,075 | -58.2% |
| Suppliers | 440/4 | €25,909 | €10,834 | -€15,075 | -58.2% |
| Advances received on contracts in progress | 46 | - | €329 | +€329 | |
| Taxes, remuneration and social security | 45 | €10,468 | €5,140 | -€5,329 | -50.9% |
| Taxes | 450/3 | €8,933 | €3,167 | -€5,765 | -64.5% |
| Remuneration and social security | 454/9 | €1,536 | €1,973 | +€437 | +28.4% |
| Other amounts payable | 47/48 | €8,312 | €75,000 | +€66,688 | +802% |
| Accrued charges and deferred income | 492/3 | €791 | €16,090 | +€15,299 | +1,933% |
| Remuneration, social security and pensions | 62 | €2,185 | €31,289 | +€29,104 | +1,332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,717 | €74,151 | +€3,434 | +4.9% |
| Other operating charges | 640/8 | €1,870 | €6,615 | +€4,746 | +254% |
| Non-recurring operating charges | 66A | €5,292 | €28,637 | +€23,345 | +441% |
| Gross operating margin | 9900 | €331,923 | €238,901 | -€93,022 | -28.0% |
| Operating profit (loss) | 9901 | €251,860 | €98,210 | -€153,650 | -61.0% |
| Financial income | 75/76B | €93 | €8,890 | +€8,797 | +9,491% |
| Recurring financial income | 75 | €93 | €8,890 | +€8,797 | +9,491% |
| Financial charges | 65/66B | €7,610 | €7,206 | -€405 | -5.3% |
| Recurring financial charges | 65 | €7,610 | €7,206 | -€405 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €244,342 | €99,894 | -€144,448 | -59.1% |
| Income taxes | 67/77 | €56,454 | €3,653 | -€52,801 | -93.5% |
| Profit (loss) for the period | 9904 | €187,888 | €96,241 | -€91,647 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €187,888 | €96,241 | -€91,647 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.