TIERENTEYN: 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.
TIERENTEYN
Largest movements
- Tangible fixed assets -€1,148
down €1,148 (-26.2%), from €4,385 to €3,238
of which Plant, machinery and equipment: -€672
- Receivables within one year +€1,021
up €1,021 (+5.0%), from €20,414 to €21,434
of which Other amounts receivable: +€1,539
- Stocks and contracts -€914
down €914 (-47.3%), from €1,932 to €1,018
- Cash +€882
up €882 (+3.9%), from €22,555 to €23,437
mainly Tax, wage and social debts (+€6,483) and Net result for the year (+€5,080)
- Other debts -€7,191
down €7,191 (-47.0%), from €15,293 to €8,102
- Tax, wage and social debts +€6,483
up €6,483 (+83.0%), from €7,808 to €14,290
of which Remuneration and social security: +€5,982
- Reserves +€5,545
up €5,545 (+69.4%), from €7,987 to €13,533
of which Distributable reserves: +€5,545
- Current portion of long-term debt -€2,817
down €2,817 (-88.8%), from €3,172 to €354
- Accrued charges and deferred income -€1,432
down €1,432 (-39.2%), from €3,657 to €2,225
- Gross operating margin -€6,065
down €6,065 (-44.8%), from €13,532 to €7,467
- Depreciation -€4,310
down €4,310 (-79.0%), from €5,457 to €1,148
- Taxes +€640
new in 2024: €640
- Financial income -€499
down €499 (-98.8%), from €505 to €6
- Other operating charges -€325
down €325 (-51.5%), from €631 to €306
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,439 | €49,280 | -€159 | -0.3% |
| Fixed assets | 21/28 | €4,539 | €3,391 | -€1,148 | -25.3% |
| Tangible fixed assets | 22/27 | €4,385 | €3,238 | -€1,148 | -26.2% |
| Plant, machinery and equipment | 23 | €3,675 | €3,003 | -€672 | -18.3% |
| Furniture and vehicles | 24 | €711 | €235 | -€476 | -67.0% |
| Financial fixed assets | 28 | €154 | €154 | = | 0.0% |
| Current assets | 29/58 | €44,900 | €45,889 | +€989 | +2.2% |
| Stocks and contracts in progress | 3 | €1,932 | €1,018 | -€914 | -47.3% |
| Stocks | 30/36 | €1,932 | €1,018 | -€914 | -47.3% |
| Amounts receivable within one year | 40/41 | €20,414 | €21,434 | +€1,021 | +5.0% |
| Trade receivables | 40 | €17,581 | €17,062 | -€519 | -3.0% |
| Other amounts receivable | 41 | €2,833 | €4,372 | +€1,539 | +54.3% |
| Cash at bank and in hand | 54/58 | €22,555 | €23,437 | +€882 | +3.9% |
| Total equity and liabilities | 10/49 | €49,439 | €49,280 | -€159 | -0.3% |
| Equity | 10/15 | €14,653 | €19,733 | +€5,080 | +34.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,987 | €13,533 | +€5,545 | +69.4% |
| Tax-exempt reserves | 132 | €6,127 | €6,127 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €7,405 | +€5,545 | +298% |
| Profit (loss) carried forward | 14 | €466 | - | -€466 | |
| Amounts payable | 17/49 | €34,786 | €29,547 | -€5,239 | -15.1% |
| Amounts payable after more than one year | 17 | €354 | - | -€354 | |
| Financial debts | 170/4 | €354 | - | -€354 | |
| Amounts payable within one year | 42/48 | €30,775 | €27,323 | -€3,452 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €3,172 | €354 | -€2,817 | -88.8% |
| Financial debts | 43 | €854 | €1,029 | +€175 | +20.5% |
| Other loans | 439 | €854 | €1,029 | +€175 | +20.5% |
| Trade debts | 44 | €3,649 | €3,547 | -€102 | -2.8% |
| Suppliers | 440/4 | €3,649 | €3,547 | -€102 | -2.8% |
| Taxes, remuneration and social security | 45 | €7,808 | €14,290 | +€6,483 | +83.0% |
| Taxes | 450/3 | €8 | €508 | +€500 | +6,379% |
| Remuneration and social security | 454/9 | €7,800 | €13,782 | +€5,982 | +76.7% |
| Other amounts payable | 47/48 | €15,293 | €8,102 | -€7,191 | -47.0% |
| Accrued charges and deferred income | 492/3 | €3,657 | €2,225 | -€1,432 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,457 | €1,148 | -€4,310 | -79.0% |
| Other operating charges | 640/8 | €631 | €306 | -€325 | -51.5% |
| Gross operating margin | 9900 | €13,532 | €7,467 | -€6,065 | -44.8% |
| Operating profit (loss) | 9901 | €7,444 | €6,013 | -€1,430 | -19.2% |
| Financial income | 75/76B | €505 | €6 | -€499 | -98.8% |
| Recurring financial income | 75 | €505 | €6 | -€499 | -98.8% |
| Financial charges | 65/66B | €506 | €299 | -€207 | -40.9% |
| Recurring financial charges | 65 | €506 | €299 | -€207 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €7,442 | €5,720 | -€1,722 | -23.1% |
| Income taxes | 67/77 | - | €640 | +€640 | |
| Profit (loss) for the period | 9904 | €7,442 | €5,080 | -€2,362 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,442 | €5,080 | -€2,362 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.