TIELT FARMA: what changed
TIELT FARMA
Largest movements
- Intangible fixed assets -€26,847
down €26,847 (-12.4%), from €216,987 to €190,139
- Cash -€6,379
down €6,379 (-35.9%), from €17,789 to €11,410
mainly Debts after one year (-€38,286) and Trade debts (-€35,628)
- Other debts +€38,996
up €38,996 (+134%), from €29,173 to €68,169
- Debts after one year -€38,286
down €38,286 (-24.0%), from €159,524 to €121,238
- Trade debts -€35,628
down €35,628 (-98.7%), from €36,115 to €487
- Depreciation -€25,646
down €25,646 (-48.9%), from €52,493 to €26,847
- Financial charges -€12,005
down €12,005 (-56.7%), from €21,178 to €9,173
- Gross operating margin -€2,154
down €2,154 (-5.3%), from €40,456 to €38,302
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 | €234,777 | €201,947 | -€32,830 | -14.0% |
| Fixed assets | 21/28 | €216,987 | €190,139 | -€26,847 | -12.4% |
| Intangible fixed assets | 21 | €216,987 | €190,139 | -€26,847 | -12.4% |
| Current assets | 29/58 | €17,790 | €11,808 | -€5,982 | -33.6% |
| Amounts receivable within one year | 40/41 | €1 | €398 | +€397 | +31,475% |
| Other amounts receivable | 41 | €1 | €398 | +€397 | +31,475% |
| Cash at bank and in hand | 54/58 | €17,789 | €11,410 | -€6,379 | -35.9% |
| Total equity and liabilities | 10/49 | €234,777 | €201,947 | -€32,830 | -14.0% |
| Equity | 10/15 | -€28,341 | -€26,253 | +€2,088 | +7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,341 | -€31,253 | +€2,088 | +6.3% |
| Amounts payable | 17/49 | €263,118 | €228,200 | -€34,918 | -13.3% |
| Amounts payable after more than one year | 17 | €159,524 | €121,238 | -€38,286 | -24.0% |
| Financial debts | 170/4 | €159,524 | €121,238 | -€38,286 | -24.0% |
| Amounts payable within one year | 42/48 | €103,574 | €106,942 | +€3,368 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €38,286 | €38,286 | = | 0.0% |
| Trade debts | 44 | €36,115 | €487 | -€35,628 | -98.7% |
| Suppliers | 440/4 | €36,115 | €487 | -€35,628 | -98.7% |
| Other amounts payable | 47/48 | €29,173 | €68,169 | +€38,996 | +134% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | +€0 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,493 | €26,847 | -€25,646 | -48.9% |
| Other operating charges | 640/8 | €126 | €193 | +€67 | +53.2% |
| Gross operating margin | 9900 | €40,456 | €38,302 | -€2,154 | -5.3% |
| Operating profit (loss) | 9901 | -€12,164 | €11,261 | +€23,425 | |
| Financial charges | 65/66B | €21,178 | €9,173 | -€12,005 | -56.7% |
| Recurring financial charges | 65 | €21,178 | €9,173 | -€12,005 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,341 | €2,088 | +€35,429 | |
| Profit (loss) for the period | 9904 | -€33,341 | €2,088 | +€35,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,341 | €2,088 | +€35,429 |
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 6 November 2026 via checked.be.