TIEST: 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.
TIEST
Largest movements
- Tangible fixed assets +€17,492
new in 2025: €17,492
of which Other tangible fixed assets: +€15,559
- Receivables within one year -€5,067
down €5,067 (-75.9%), from €6,675 to €1,607
- Stocks and contracts +€3,780
up €3,780 (+117.2%), from €3,226 to €7,006
- Cash +€350
up €350 (+64.5%), from €542 to €892
mainly Other debts (+€16,047) and Receivables within one year (+€5,067)
- Other debts +€16,047
up €16,047 (+266.4%), from €6,023 to €22,071
- Profit (loss) carried forward +€622
up €622, from -€549 to €73
- Gross operating margin +€2,941
up €2,941, from -€56 to €2,886
- Other operating charges +€549
up €549 (+108.6%), from €505 to €1,054
- Taxes +€366
up €366 (+112.0%), from €327 to €694
- Depreciation +€285
up €285 (+285.6%), from €100 to €385
- Financial charges +€103
up €103 (+368.7%), from €28 to €132
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.
Cash bridge derived
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 | €13,498 | €29,946 | +€16,448 | +121.9% |
| Fixed assets | 21/28 | €900 | €18,291 | +€17,392 | +1933.0% |
| Intangible fixed assets | 21 | €900 | €800 | -€100 | -11.1% |
| Tangible fixed assets | 22/27 | - | €17,492 | +€17,492 | |
| Plant, machinery and equipment | 23 | - | €1,933 | +€1,933 | |
| Other tangible fixed assets | 26 | - | €15,559 | +€15,559 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €12,598 | €11,655 | -€944 | -7.5% |
| Stocks and contracts in progress | 3 | €3,226 | €7,006 | +€3,780 | +117.2% |
| Stocks | 30/36 | €3,226 | €7,006 | +€3,780 | +117.2% |
| Amounts receivable within one year | 40/41 | €6,675 | €1,607 | -€5,067 | -75.9% |
| Trade receivables | 40 | €6,675 | €1,607 | -€5,067 | -75.9% |
| Cash at bank and in hand | 54/58 | €542 | €892 | +€350 | +64.5% |
| Deferred charges and accrued income | 490/1 | €2,156 | €2,149 | -€6 | -0.3% |
| Total equity and liabilities | 10/49 | €13,498 | €29,946 | +€16,448 | +121.9% |
| Equity | 10/15 | €2,201 | €2,823 | +€622 | +28.3% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€549 | €73 | +€622 | |
| Amounts payable | 17/49 | €11,297 | €27,123 | +€15,826 | +140.1% |
| Amounts payable within one year | 42/48 | €11,297 | €27,123 | +€15,826 | +140.1% |
| Trade debts | 44 | €625 | €679 | +€54 | +8.6% |
| Suppliers | 440/4 | €625 | €679 | +€54 | +8.6% |
| Taxes, remuneration and social security | 45 | €4,649 | €4,374 | -€276 | -5.9% |
| Taxes | 450/3 | €4,649 | €4,374 | -€276 | -5.9% |
| Other amounts payable | 47/48 | €6,023 | €22,071 | +€16,047 | +266.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €385 | +€285 | +285.6% |
| Other operating charges | 640/8 | €505 | €1,054 | +€549 | +108.6% |
| Gross operating margin | 9900 | -€56 | €2,886 | +€2,941 | |
| Operating profit (loss) | 9901 | -€661 | €1,447 | +€2,108 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €28 | €132 | +€103 | +368.7% |
| Recurring financial charges | 65 | €28 | €132 | +€103 | +368.7% |
| Profit (loss) for the period before taxes | 9903 | -€679 | €1,315 | +€1,994 | |
| Income taxes | 67/77 | €327 | €694 | +€366 | +112.0% |
| Profit (loss) for the period | 9904 | -€1,006 | €622 | +€1,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,006 | €622 | +€1,628 |
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 9 October 2026 via checked.be.