TISIE: 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.
What changed
TISIE
NACE 56.112, Limited-service restaurants, excluding mobile food services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,474
2024 · €64+€2,410
Equity
€48,095
2024 · €45,621+€2,474
Cash
€15,508
2024 · €34,170-€18,662
Balance sheet total
€1.8m
2024 · €1.8m+€56,841
Largest movements
Assets
- Receivables within one year +€77,800
up €77,800 (+1413.4%), from €5,504 to €83,304
of which Trade receivables: +€77,791
- Cash -€18,662
down €18,662 (-54.6%), from €34,170 to €15,508
mainly Receivables within one year (-€77,800) and Debts after one year (-€14,587)
Equity and liabilities
- Other debts +€71,825
up €71,825 (+12.7%), from €567,504 to €639,330
Income statement
- Gross operating margin +€3,501
up €3,501 (+7.9%), from €44,337 to €47,838
- Financial charges +€2,144
up €2,144 (+5.6%), from €38,489 to €40,632
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.
Result 2024
€64
Gross operating margin
+€3,501
Depreciation
+€74
Write-downs
+€346
Other operating charges
+€439
Other operating items
+€188
Financial income
+€28
Financial charges
-€2,144
Taxes
-€23
Result 2025
€2,474
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.
From operations
-€9,803
Investment
€0
Financing
-€8,859
Cash 2024
€34,170
From operations (derived)
-€9,803
Net result for the year
+€2,474
Depreciation
+€1,422
Receivables within one year
-€77,800
Deferred charges and accrued income
+€874
Trade debts
+€936
Tax, wage and social debts
-€10,266
Other debts
+€71,825
Accrued charges and deferred income
+€731
Financing
-€8,859
Debts after one year
-€14,587
Current portion of long-term debt
+€5,728
Cash 2025
€15,508
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,752,572 | €1,809,413 | +€56,841 | +3.2% |
| Fixed assets | 21/28 | €1,711,987 | €1,710,564 | -€1,422 | -0.1% |
| Tangible fixed assets | 22/27 | €1,922 | €499 | -€1,422 | -74.0% |
| Furniture and vehicles | 24 | €1,922 | €499 | -€1,422 | -74.0% |
| Financial fixed assets | 28 | €1,710,065 | €1,710,065 | = | 0.0% |
| Current assets | 29/58 | €40,586 | €98,849 | +€58,263 | +143.6% |
| Amounts receivable within one year | 40/41 | €5,504 | €83,304 | +€77,800 | +1413.4% |
| Trade receivables | 40 | €5,459 | €83,251 | +€77,791 | +1424.9% |
| Other amounts receivable | 41 | €45 | €53 | +€8 | +18.5% |
| Cash at bank and in hand | 54/58 | €34,170 | €15,508 | -€18,662 | -54.6% |
| Deferred charges and accrued income | 490/1 | €911 | €37 | -€874 | -96.0% |
| Total equity and liabilities | 10/49 | €1,752,572 | €1,809,413 | +€56,841 | +3.2% |
| Equity | 10/15 | €45,621 | €48,095 | +€2,474 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,373 | €11,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €373 | €373 | = | 0.0% |
| Reserves not available under the articles | 1311 | €373 | €373 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,648 | €18,122 | +€2,474 | +15.8% |
| Amounts payable | 17/49 | €1,706,952 | €1,761,318 | +€54,367 | +3.2% |
| Amounts payable after more than one year | 17 | €980,805 | €966,217 | -€14,587 | -1.5% |
| Financial debts | 170/4 | €980,805 | €836,086 | -€144,718 | -14.8% |
| Other amounts payable | 178/9 | - | €130,131 | +€130,131 | |
| Amounts payable within one year | 42/48 | €726,147 | €794,370 | +€68,224 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €138,985 | €144,713 | +€5,728 | +4.1% |
| Trade debts | 44 | €1,953 | €2,889 | +€936 | +48.0% |
| Suppliers | 440/4 | €1,953 | €2,889 | +€936 | +48.0% |
| Taxes, remuneration and social security | 45 | €17,705 | €7,439 | -€10,266 | -58.0% |
| Taxes | 450/3 | €17,705 | €7,439 | -€10,266 | -58.0% |
| Other amounts payable | 47/48 | €567,504 | €639,330 | +€71,825 | +12.7% |
| Accrued charges and deferred income | 492/3 | - | €731 | +€731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €1,422 | -€74 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €346 | - | -€346 | |
| Other operating charges | 640/8 | €3,559 | €3,120 | -€439 | -12.3% |
| Non-recurring operating charges | 66A | €188 | - | -€188 | |
| Gross operating margin | 9900 | €44,337 | €47,838 | +€3,501 | +7.9% |
| Operating profit (loss) | 9901 | €38,747 | €43,296 | +€4,548 | +11.7% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €38,489 | €40,632 | +€2,144 | +5.6% |
| Recurring financial charges | 65 | €38,489 | €40,632 | +€2,144 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €259 | €2,692 | +€2,433 | +939.9% |
| Income taxes | 67/77 | €195 | €217 | +€23 | +11.7% |
| Profit (loss) for the period | 9904 | €64 | €2,474 | +€2,410 | +3751.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64 | €2,474 | +€2,410 | +3751.6% |
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.