TIENTIEN: 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.
TIENTIEN
Largest movements
- Current investments +€105,000
up €105,000 (+8.2%), from €1.3m to €1.4m
- Cash -€42,844
down €42,844 (-12.9%), from €332,256 to €289,412
mainly Current investments (-€105,000) and Tax, wage and social debts (-€71,300)
- Reserves +€130,797
up €130,797 (+7.2%), from €1.8m to €2.0m
- Tax, wage and social debts -€71,300
down €71,300 (-89.5%), from €79,685 to €8,385
of which Taxes: -€70,437
- Gross operating margin +€64,547
up €64,547 (+121%), from €53,207 to €117,754
- Financial income +€30,570
up €30,570 (+86.4%), from €35,377 to €65,947
- Taxes +€13,309
up €13,309 (+65.0%), from €20,479 to €33,789
- Financial charges +€1,257
up €1,257 (+59.7%), from €2,104 to €3,361
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 | €1,907,096 | €1,970,389 | +€63,292 | +3.3% |
| Fixed assets | 21/28 | €261,593 | €253,020 | -€8,574 | -3.3% |
| Tangible fixed assets | 22/27 | €136,593 | €128,020 | -€8,574 | -6.3% |
| Land and buildings | 22 | €73,050 | €69,699 | -€3,351 | -4.6% |
| Furniture and vehicles | 24 | €47,071 | €43,314 | -€3,757 | -8.0% |
| Other tangible fixed assets | 26 | €16,472 | €15,006 | -€1,466 | -8.9% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €1,645,503 | €1,717,369 | +€71,866 | +4.4% |
| Amounts receivable within one year | 40/41 | €32,279 | €42,727 | +€10,448 | +32.4% |
| Trade receivables | 40 | €446 | €0 | -€446 | -100% |
| Other amounts receivable | 41 | €31,833 | €42,727 | +€10,894 | +34.2% |
| Current investments | 50/53 | €1,279,975 | €1,384,975 | +€105,000 | +8.2% |
| Cash at bank and in hand | 54/58 | €332,256 | €289,412 | -€42,844 | -12.9% |
| Deferred charges and accrued income | 490/1 | €993 | €256 | -€737 | -74.2% |
| Total equity and liabilities | 10/49 | €1,907,096 | €1,970,389 | +€63,292 | +3.3% |
| Equity | 10/15 | €1,820,841 | €1,951,639 | +€130,797 | +7.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,819,841 | €1,950,639 | +€130,797 | +7.2% |
| Distributable reserves | 133 | €1,819,841 | €1,950,639 | +€130,797 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €86,255 | €18,750 | -€67,505 | -78.3% |
| Amounts payable within one year | 42/48 | €86,255 | €18,750 | -€67,505 | -78.3% |
| Financial debts | 43 | €1,002 | €3,053 | +€2,051 | +205% |
| Credit institutions | 430/8 | €1,002 | €3,053 | +€2,051 | +205% |
| Trade debts | 44 | €5,568 | €5,612 | +€44 | +0.8% |
| Suppliers | 440/4 | €5,568 | €5,612 | +€44 | +0.8% |
| Advances received on contracts in progress | 46 | - | €1,700 | +€1,700 | |
| Taxes, remuneration and social security | 45 | €79,685 | €8,385 | -€71,300 | -89.5% |
| Taxes | 450/3 | €78,822 | €8,385 | -€70,437 | -89.4% |
| Remuneration and social security | 454/9 | €863 | €0 | -€863 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,822 | €12,245 | -€577 | -4.5% |
| Other operating charges | 640/8 | €3,361 | €3,509 | +€148 | +4.4% |
| Gross operating margin | 9900 | €53,207 | €117,754 | +€64,547 | +121% |
| Operating profit (loss) | 9901 | €37,025 | €102,000 | +€64,976 | +175% |
| Financial income | 75/76B | €35,377 | €65,947 | +€30,570 | +86.4% |
| Recurring financial income | 75 | €35,377 | €65,947 | +€30,570 | +86.4% |
| Financial charges | 65/66B | €2,104 | €3,361 | +€1,257 | +59.7% |
| Recurring financial charges | 65 | €2,104 | €3,361 | +€1,257 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €70,298 | €164,586 | +€94,288 | +134% |
| Income taxes | 67/77 | €20,479 | €33,789 | +€13,309 | +65.0% |
| Profit (loss) for the period | 9904 | €49,818 | €130,797 | +€80,979 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €49,818 | €130,797 | +€80,979 | +163% |
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 18 October 2026 via checked.be.