TIYALA: 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.
TIYALA
Largest movements
- Receivables within one year -€609,422
down €609,422 (-45.1%), from €1.3m to €740,427
of which Other amounts receivable: -€600,650
- Cash +€176,967
up €176,967 (+1,397%), from €12,664 to €189,631
mainly Receivables within one year (+€609,422) and Net result for the year (+€508,507)
- Other debts -€286,722
down €286,722 (-40.6%), from €705,452 to €418,730
- Reserves -€196,493
down €196,493 (-15.9%), from €1.2m to €1.0m
of which Distributable reserves: -€428,043
- Short-term financial debts +€57,421
new in 2024: €57,421
- Gross operating margin +€580,414
up €580,414 (+560%), from €103,663 to €684,077
- Taxes +€143,840
up €143,840 (+904%), from €15,915 to €159,754
- Depreciation -€21,273
down €21,273 (-59.0%), from €36,060 to €14,787
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 | €2,237,931 | €1,793,885 | -€444,046 | -19.8% |
| Fixed assets | 21/28 | €830,111 | €820,955 | -€9,156 | -1.1% |
| Tangible fixed assets | 22/27 | €229,372 | €220,216 | -€9,156 | -4.0% |
| Land and buildings | 22 | €215,259 | €204,212 | -€11,047 | -5.1% |
| Plant, machinery and equipment | 23 | €4,802 | €8,133 | +€3,332 | +69.4% |
| Furniture and vehicles | 24 | €6,830 | €7,870 | +€1,040 | +15.2% |
| Other tangible fixed assets | 26 | €2,480 | - | -€2,480 | |
| Financial fixed assets | 28 | €600,739 | €600,739 | = | 0.0% |
| Current assets | 29/58 | €1,407,820 | €972,930 | -€434,890 | -30.9% |
| Amounts receivable after more than one year | 29 | €27,000 | €27,000 | = | 0.0% |
| Trade receivables | 290 | €27,000 | €27,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,349,850 | €740,427 | -€609,422 | -45.1% |
| Trade receivables | 40 | €28,284 | €19,511 | -€8,773 | -31.0% |
| Other amounts receivable | 41 | €1,321,566 | €720,916 | -€600,650 | -45.4% |
| Cash at bank and in hand | 54/58 | €12,664 | €189,631 | +€176,967 | +1,397% |
| Deferred charges and accrued income | 490/1 | €18,306 | €15,872 | -€2,434 | -13.3% |
| Total equity and liabilities | 10/49 | €2,237,931 | €1,793,885 | -€444,046 | -19.8% |
| Equity | 10/15 | €1,256,843 | €1,060,350 | -€196,493 | -15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,238,293 | €1,041,800 | -€196,493 | -15.9% |
| Tax-exempt reserves | 132 | €18,750 | €250,300 | +€231,550 | +1,235% |
| Distributable reserves | 133 | €1,219,543 | €791,500 | -€428,043 | -35.1% |
| Amounts payable | 17/49 | €981,088 | €733,534 | -€247,553 | -25.2% |
| Amounts payable after more than one year | 17 | €233,197 | €220,038 | -€13,159 | -5.6% |
| Financial debts | 170/4 | €233,197 | €220,038 | -€13,159 | -5.6% |
| Amounts payable within one year | 42/48 | €747,870 | €513,482 | -€234,388 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €12,597 | €13,159 | +€562 | +4.5% |
| Financial debts | 43 | - | €57,421 | +€57,421 | |
| Credit institutions | 430/8 | - | €57,421 | +€57,421 | |
| Trade debts | 44 | €5,294 | €3,646 | -€1,648 | -31.1% |
| Suppliers | 440/4 | €5,294 | €3,646 | -€1,648 | -31.1% |
| Taxes, remuneration and social security | 45 | €24,526 | €20,526 | -€4,001 | -16.3% |
| Taxes | 450/3 | €24,526 | €20,526 | -€4,001 | -16.3% |
| Other amounts payable | 47/48 | €705,452 | €418,730 | -€286,722 | -40.6% |
| Accrued charges and deferred income | 492/3 | €21 | €15 | -€6 | -30.0% |
| Non-recurring operating income | 76A | €22,998 | - | -€22,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,060 | €14,787 | -€21,273 | -59.0% |
| Other operating charges | 640/8 | €1,664 | €1,261 | -€403 | -24.2% |
| Non-recurring operating charges | 66A | - | €2,576 | +€2,576 | |
| Gross operating margin | 9900 | €103,663 | €684,077 | +€580,414 | +560% |
| Operating profit (loss) | 9901 | €65,939 | €665,453 | +€599,514 | +909% |
| Financial income | 75/76B | €19,381 | €19,403 | +€22 | +0.1% |
| Recurring financial income | 75 | €19,381 | €19,403 | +€22 | +0.1% |
| Financial charges | 65/66B | €11,084 | €16,594 | +€5,510 | +49.7% |
| Recurring financial charges | 65 | €11,084 | €16,594 | +€5,510 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €74,237 | €668,262 | +€594,025 | +800% |
| Income taxes | 67/77 | €15,915 | €159,754 | +€143,840 | +904% |
| Profit (loss) for the period | 9904 | €58,322 | €508,507 | +€450,186 | +772% |
| Transfer to tax-exempt reserves | 689 | - | €231,550 | +€231,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,322 | €276,957 | +€218,636 | +375% |
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 15 October 2026 via checked.be.