TIEPERTJE: 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.
TIEPERTJE
Largest movements
- Current investments +€34,500
up €34,500 (+7.4%), from €465,584 to €500,084
- Cash +€30,748
up €30,748 (+61.4%), from €50,082 to €80,830
mainly Net result for the year (+€86,991) and Trade debts (+€10,398)
- Stocks and contracts +€21,622
up €21,622 (+31.5%), from €68,635 to €90,257
- Reserves +€84,574
up €84,574 (+19.0%), from €444,842 to €529,416
of which Distributable reserves: +€84,574
- Trade debts +€10,398
up €10,398 (+21.2%), from €48,953 to €59,351
- Turnover +€372,805
up €372,805 (+33.8%), from €1.1m to €1.5m
- Purchases and services +€314,198
up €314,198 (+31.0%), from €1.0m to €1.3m
- Gross operating margin +€58,607
up €58,607 (+64.0%), from €91,526 to €150,133
- Taxes +€15,805
up €15,805 (+106%), from €14,897 to €30,702
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 | €606,247 | €696,234 | +€89,987 | +14.8% |
| Fixed assets | 21/28 | €20,561 | €23,233 | +€2,672 | +13.0% |
| Tangible fixed assets | 22/27 | €16,167 | €18,839 | +€2,672 | +16.5% |
| Furniture and vehicles | 24 | €16,167 | €18,839 | +€2,672 | +16.5% |
| Financial fixed assets | 28 | €4,394 | €4,394 | = | 0.0% |
| Current assets | 29/58 | €585,686 | €673,001 | +€87,315 | +14.9% |
| Stocks and contracts in progress | 3 | €68,635 | €90,257 | +€21,622 | +31.5% |
| Stocks | 30/36 | €68,635 | €90,257 | +€21,622 | +31.5% |
| Amounts receivable within one year | 40/41 | €810 | €1,206 | +€396 | +48.9% |
| Trade receivables | 40 | €20 | €918 | +€898 | +4,490% |
| Other amounts receivable | 41 | €790 | €288 | -€502 | -63.5% |
| Current investments | 50/53 | €465,584 | €500,084 | +€34,500 | +7.4% |
| Cash at bank and in hand | 54/58 | €50,082 | €80,830 | +€30,748 | +61.4% |
| Deferred charges and accrued income | 490/1 | €575 | €624 | +€49 | +8.5% |
| Total equity and liabilities | 10/49 | €606,247 | €696,234 | +€89,987 | +14.8% |
| Equity | 10/15 | €463,434 | €548,008 | +€84,574 | +18.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €444,842 | €529,416 | +€84,574 | +19.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €442,983 | €527,557 | +€84,574 | +19.1% |
| Amounts payable | 17/49 | €142,813 | €148,226 | +€5,413 | +3.8% |
| Amounts payable within one year | 42/48 | €134,040 | €144,289 | +€10,249 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €5,071 | €5,000 | -€71 | -1.4% |
| Trade debts | 44 | €48,953 | €59,351 | +€10,398 | +21.2% |
| Suppliers | 440/4 | €48,953 | €59,351 | +€10,398 | +21.2% |
| Taxes, remuneration and social security | 45 | €22,271 | €21,634 | -€637 | -2.9% |
| Taxes | 450/3 | €18,216 | €17,813 | -€403 | -2.2% |
| Remuneration and social security | 454/9 | €4,055 | €3,821 | -€234 | -5.8% |
| Other amounts payable | 47/48 | €57,745 | €58,304 | +€559 | +1.0% |
| Accrued charges and deferred income | 492/3 | €8,773 | €3,937 | -€4,836 | -55.1% |
| Turnover | 70 | €1,103,583 | €1,476,388 | +€372,805 | +33.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,012,057 | €1,326,255 | +€314,198 | +31.0% |
| Remuneration, social security and pensions | 62 | €15,050 | €15,613 | +€563 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €5,176 | +€1,044 | +25.3% |
| Other operating charges | 640/8 | €6,990 | €2,511 | -€4,479 | -64.1% |
| Gross operating margin | 9900 | €91,526 | €150,133 | +€58,607 | +64.0% |
| Operating profit (loss) | 9901 | €65,354 | €126,833 | +€61,479 | +94.1% |
| Financial income | 75/76B | €2,276 | €102 | -€2,174 | -95.5% |
| Recurring financial income | 75 | €2,276 | €102 | -€2,174 | -95.5% |
| Financial charges | 65/66B | €10,318 | €9,242 | -€1,076 | -10.4% |
| Recurring financial charges | 65 | €10,318 | €9,242 | -€1,076 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €57,312 | €117,693 | +€60,381 | +105% |
| Income taxes | 67/77 | €14,897 | €30,702 | +€15,805 | +106% |
| Profit (loss) for the period | 9904 | €42,415 | €86,991 | +€44,576 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €42,415 | €86,991 | +€44,576 | +105% |
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 17 October 2026 via checked.be.