Tiesters: what changed
Two fiscal 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.
Tiesters
Largest movements
- Cash +€25,071
up €25,071 (+58.3%), from €43,003 to €68,074
mainly Trade debts (+€30,147) and Depreciation (+€8,465)
- Stocks and contracts -€6,867
down €6,867 (-6.2%), from €110,815 to €103,948
- Tangible fixed assets -€3,715
down €3,715 (-20.6%), from €18,019 to €14,305
of which Leasing and similar rights: -€3,011
- Trade debts +€30,147
up €30,147 (+58.2%), from €51,823 to €81,970
- Other debts -€7,280
down €7,280 (-18.7%), from €38,968 to €31,688
- Tax, wage and social debts -€6,131
down €6,131 (-30.7%), from €19,983 to €13,852
of which Taxes: -€6,527
- Debts after one year -€3,388
down €3,388 (-100.0%), from €3,388 to €0
- Profit (loss) carried forward +€2,291
up €2,291 (+16.2%), from €14,116 to €16,408
- Gross operating margin +€17,933
up €17,933 (+86.0%), from €20,856 to €38,790
- Other operating charges +€1,130
up €1,130 (+46.5%), from €2,433 to €3,564
- Depreciation -€1,094
down €1,094 (-11.4%), from €9,559 to €8,465
- Financial charges -€1,041
down €1,041 (-45.4%), from €2,291 to €1,251
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 | €203,472 | €217,373 | +€13,901 | +6.8% |
| Fixed assets | 21/28 | €31,443 | €27,728 | -€3,715 | -11.8% |
| Tangible fixed assets | 22/27 | €18,019 | €14,305 | -€3,715 | -20.6% |
| Plant, machinery and equipment | 23 | €1,998 | €4,556 | +€2,558 | +128.0% |
| Furniture and vehicles | 24 | €851 | €0 | -€851 | -100.0% |
| Leasing and similar rights | 25 | €3,011 | €0 | -€3,011 | -100.0% |
| Other tangible fixed assets | 26 | €12,159 | €9,749 | -€2,410 | -19.8% |
| Financial fixed assets | 28 | €13,423 | €13,423 | = | 0.0% |
| Current assets | 29/58 | €172,029 | €189,645 | +€17,616 | +10.2% |
| Stocks and contracts in progress | 3 | €110,815 | €103,948 | -€6,867 | -6.2% |
| Stocks | 30/36 | €110,815 | €103,948 | -€6,867 | -6.2% |
| Amounts receivable within one year | 40/41 | €16,496 | €16,105 | -€391 | -2.4% |
| Trade receivables | 40 | €14,135 | €16,105 | +€1,970 | +13.9% |
| Other amounts receivable | 41 | €2,361 | €0 | -€2,361 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,003 | €68,074 | +€25,071 | +58.3% |
| Deferred charges and accrued income | 490/1 | €1,715 | €1,518 | -€197 | -11.5% |
| Total equity and liabilities | 10/49 | €203,472 | €217,373 | +€13,901 | +6.8% |
| Equity | 10/15 | €87,572 | €89,863 | +€2,291 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,455 | €11,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,255 | €5,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,116 | €16,408 | +€2,291 | +16.2% |
| Amounts payable | 17/49 | €115,900 | €127,510 | +€11,610 | +10.0% |
| Amounts payable after more than one year | 17 | €3,388 | €0 | -€3,388 | -100.0% |
| Financial debts | 170/4 | €3,388 | €0 | -€3,388 | -100.0% |
| Amounts payable within one year | 42/48 | €112,512 | €127,510 | +€14,998 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €1,738 | €0 | -€1,738 | -100.0% |
| Trade debts | 44 | €51,823 | €81,970 | +€30,147 | +58.2% |
| Suppliers | 440/4 | €51,823 | €81,970 | +€30,147 | +58.2% |
| Taxes, remuneration and social security | 45 | €19,983 | €13,852 | -€6,131 | -30.7% |
| Taxes | 450/3 | €7,503 | €976 | -€6,527 | -87.0% |
| Remuneration and social security | 454/9 | €12,480 | €12,875 | +€395 | +3.2% |
| Other amounts payable | 47/48 | €38,968 | €31,688 | -€7,280 | -18.7% |
| Remuneration, social security and pensions | 62 | €23,214 | €23,514 | +€300 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,559 | €8,465 | -€1,094 | -11.4% |
| Other operating charges | 640/8 | €2,433 | €3,564 | +€1,130 | +46.5% |
| Gross operating margin | 9900 | €20,856 | €38,790 | +€17,933 | +86.0% |
| Operating profit (loss) | 9901 | -€14,350 | €3,248 | +€17,597 | |
| Financial income | 75/76B | €488 | €295 | -€193 | -39.6% |
| Recurring financial income | 75 | €488 | €295 | -€193 | -39.6% |
| Financial charges | 65/66B | €2,291 | €1,251 | -€1,041 | -45.4% |
| Recurring financial charges | 65 | €2,291 | €1,251 | -€1,041 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,153 | €2,291 | +€18,444 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,153 | €2,291 | +€18,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,153 | €2,291 | +€18,444 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.