TIERA BELGIUM: 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.
TIERA BELGIUM
Largest movements
- Receivables within one year +€47,205
new in 2025: €47,205
- Tangible fixed assets +€25,753
new in 2025: €25,753
of which Plant, machinery and equipment: +€25,199
- Cash +€24,109
up €24,109 (+230%), from €10,500 to €34,609
mainly Trade debts (+€51,015) and Net result for the year (+€36,227)
- Financial fixed assets +€7,803
new in 2025: €7,803
- Trade debts +€51,015
up €51,015 (+2,242%), from €2,276 to €53,290
- Profit (loss) carried forward +€36,227
up €36,227, from -€7,326 to €28,902
- Tax, wage and social debts +€27,177
up €27,177 (+544%), from €5,000 to €32,177
of which Remuneration and social security: +€19,983
- Other debts -€9,550
no longer reported in 2025 (was €9,550)
- Gross operating margin +€169,407
up €169,407, from -€6,017 to €163,390
- Staff costs +€110,726
new in 2025: €110,726
- Taxes +€6,000
new in 2025: €6,000
- Depreciation +€4,808
up €4,808 (+382%), from €1,259 to €6,067
- Financial charges +€4,324
up €4,324 (+8,648%), from €50 to €4,374
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 | €10,500 | €115,369 | +€104,869 | +999% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €33,555 | +€33,555 | |
| Tangible fixed assets | 22/27 | - | €25,753 | +€25,753 | |
| Plant, machinery and equipment | 23 | - | €25,199 | +€25,199 | |
| Furniture and vehicles | 24 | - | €553 | +€553 | |
| Financial fixed assets | 28 | - | €7,803 | +€7,803 | |
| Current assets | 29/58 | €10,500 | €81,814 | +€71,314 | +679% |
| Amounts receivable within one year | 40/41 | - | €47,205 | +€47,205 | |
| Trade receivables | 40 | - | €47,205 | +€47,205 | |
| Cash at bank and in hand | 54/58 | €10,500 | €34,609 | +€24,109 | +230% |
| Total equity and liabilities | 10/49 | €10,500 | €115,369 | +€104,869 | +999% |
| Equity | 10/15 | -€6,326 | €29,902 | +€36,227 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,326 | €28,902 | +€36,227 | |
| Amounts payable | 17/49 | €16,826 | €85,468 | +€68,642 | +408% |
| Amounts payable within one year | 42/48 | €16,826 | €85,468 | +€68,642 | +408% |
| Trade debts | 44 | €2,276 | €53,290 | +€51,015 | +2,242% |
| Suppliers | 440/4 | €2,276 | €53,290 | +€51,015 | +2,242% |
| Taxes, remuneration and social security | 45 | €5,000 | €32,177 | +€27,177 | +544% |
| Taxes | 450/3 | - | €7,194 | +€7,194 | |
| Remuneration and social security | 454/9 | €5,000 | €24,983 | +€19,983 | +400% |
| Other amounts payable | 47/48 | €9,550 | - | -€9,550 | |
| Remuneration, social security and pensions | 62 | - | €110,726 | +€110,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €6,067 | +€4,808 | +382% |
| Gross operating margin | 9900 | -€6,017 | €163,390 | +€169,407 | |
| Operating profit (loss) | 9901 | -€7,276 | €46,597 | +€53,873 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €50 | €4,374 | +€4,324 | +8,648% |
| Recurring financial charges | 65 | €50 | €4,374 | +€4,324 | +8,648% |
| Profit (loss) for the period before taxes | 9903 | -€7,326 | €42,227 | +€49,553 | |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | -€7,326 | €36,227 | +€43,553 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,326 | €36,227 | +€43,553 |
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 20 October 2026 via checked.be.