TIELENS: 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.
TIELENS
Largest movements
- Cash +€75,864
up €75,864 (+54.7%), from €138,612 to €214,475
mainly Net result for the year (+€83,489) and Tax, wage and social debts (+€8,451)
- Receivables within one year +€18,455
up €18,455 (+27.2%), from €67,895 to €86,349
of which Trade receivables: +€22,406
- Tangible fixed assets -€4,007
down €4,007 (-13.8%), from €28,960 to €24,954
of which Land and buildings: -€4,894
- Reserves +€83,489
up €83,489 (+39.4%), from €211,924 to €295,413
- Tax, wage and social debts +€8,451
up €8,451 (+93.7%), from €9,015 to €17,466
of which Taxes: +€10,701
- Gross operating margin +€97,521
up €97,521 (+361%), from €26,978 to €124,499
- Taxes +€28,110
up €28,110 (+558%), from €5,035 to €33,145
- Depreciation -€2,383
down €2,383 (-26.1%), from €9,118 to €6,735
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 | €236,909 | €327,195 | +€90,286 | +38.1% |
| Fixed assets | 21/28 | €28,960 | €24,954 | -€4,007 | -13.8% |
| Tangible fixed assets | 22/27 | €28,960 | €24,954 | -€4,007 | -13.8% |
| Land and buildings | 22 | €25,760 | €20,866 | -€4,894 | -19.0% |
| Furniture and vehicles | 24 | €3,200 | €4,088 | +€887 | +27.7% |
| Current assets | 29/58 | €207,949 | €302,242 | +€94,293 | +45.3% |
| Amounts receivable within one year | 40/41 | €67,895 | €86,349 | +€18,455 | +27.2% |
| Trade receivables | 40 | €49,123 | €71,529 | +€22,406 | +45.6% |
| Other amounts receivable | 41 | €18,772 | €14,820 | -€3,952 | -21.1% |
| Cash at bank and in hand | 54/58 | €138,612 | €214,475 | +€75,864 | +54.7% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,417 | -€25 | -1.8% |
| Total equity and liabilities | 10/49 | €236,909 | €327,195 | +€90,286 | +38.1% |
| Equity | 10/15 | €218,124 | €301,613 | +€83,489 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €211,924 | €295,413 | +€83,489 | +39.4% |
| Distributable reserves | 133 | €211,924 | €295,413 | +€83,489 | +39.4% |
| Amounts payable | 17/49 | €18,785 | €25,582 | +€6,797 | +36.2% |
| Amounts payable within one year | 42/48 | €18,785 | €25,582 | +€6,797 | +36.2% |
| Trade debts | 44 | €3,328 | €3,406 | +€78 | +2.3% |
| Suppliers | 440/4 | €3,328 | €3,406 | +€78 | +2.3% |
| Taxes, remuneration and social security | 45 | €9,015 | €17,466 | +€8,451 | +93.7% |
| Taxes | 450/3 | €6,765 | €17,466 | +€10,701 | +158% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €6,442 | €4,710 | -€1,732 | -26.9% |
| Non-recurring operating income | 76A | €20 | €274 | +€254 | +1,269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €6,735 | -€2,383 | -26.1% |
| Other operating charges | 640/8 | €779 | €673 | -€106 | -13.5% |
| Gross operating margin | 9900 | €26,978 | €124,499 | +€97,521 | +361% |
| Operating profit (loss) | 9901 | €17,081 | €117,091 | +€100,010 | +586% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €316 | €457 | +€140 | +44.4% |
| Recurring financial charges | 65 | €316 | €457 | +€140 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €16,802 | €116,634 | +€99,833 | +594% |
| Income taxes | 67/77 | €5,035 | €33,145 | +€28,110 | +558% |
| Profit (loss) for the period | 9904 | €11,767 | €83,489 | +€71,722 | +610% |
| Profit (loss) for the period to be appropriated | 9905 | €11,767 | €83,489 | +€71,722 | +610% |
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 25 October 2026 via checked.be.