Tuincentrum Thielemans: 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.
What changed
Tuincentrum Thielemans
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€599,388
2024 · €656,182-€56,794
Equity
€3.2m
2024 · €2.6m+€589,940
Cash
€840,224
2024 · €572,309+€267,914
Balance sheet total
€3.7m
2024 · €3.4m+€247,563
Largest movements
Assets
- Cash +€267,914
up €267,914 (+46.8%), from €572,309 to €840,224
mainly Net result for the year (+€599,388) and Depreciation (+€96,003)
- Tangible fixed assets -€58,070
down €58,070 (-4.9%), from €1.2m to €1.1m
Equity and liabilities
- Reserves +€589,940
up €589,940 (+28.0%), from €2.1m to €2.7m
of which Distributable reserves: +€295,240
- Other debts -€358,712
down €358,712 (-97.4%), from €368,160 to €9,448
- Trade debts +€55,130
up €55,130 (+18.6%), from €295,948 to €351,078
Income statement
- Gross operating margin -€71,597
down €71,597 (-5.8%), from €1.2m to €1.2m
- Financial charges +€37,209
up €37,209, from -€21,776 to €15,434
- Financial income +€24,075
up €24,075 (+78.6%), from €30,635 to €54,710
- Depreciation -€20,690
down €20,690 (-17.7%), from €116,692 to €96,003
- Taxes -€19,770
down €19,770 (-7.9%), from €249,978 to €230,208
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
€656,182
Gross operating margin
-€71,597
Staff costs
+€3,509
Depreciation
+€20,690
Other operating charges
-€155
Other operating items
-€15,876
Financial income
+€24,075
Financial charges
-€37,209
Taxes
+€19,770
Result 2025
€599,388
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€350,720
Investment
-€49,869
Financing
-€32,937
Cash 2024
€572,309
From operations (derived)
+€350,720
Net result for the year
+€599,388
Depreciation
+€96,003
Stocks and contracts
-€30,024
Receivables within one year
+€9,935
Deferred charges and accrued income
-€5,693
Trade debts
+€55,130
Tax, wage and social debts
-€24,079
Advances received
+€1,702
Other debts
-€358,712
Accrued charges and deferred income
+€7,070
Investment (derived)
-€49,869
Investment in fixed assets (net)
-€37,873
Current investments
-€11,996
Financing
-€32,937
Debts after one year
-€834
Current portion of long-term debt
-€22,655
Contributions, distributions and other
-€9,448
Cash 2025
€840,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,414,401 | €3,661,964 | +€247,563 | +7.3% |
| Fixed assets | 21/28 | €1,174,284 | €1,116,154 | -€58,130 | -5.0% |
| Tangible fixed assets | 22/27 | €1,173,954 | €1,115,884 | -€58,070 | -4.9% |
| Land and buildings | 22 | €978,065 | €957,112 | -€20,953 | -2.1% |
| Plant, machinery and equipment | 23 | €140,943 | €121,672 | -€19,271 | -13.7% |
| Furniture and vehicles | 24 | €54,945 | €37,100 | -€17,845 | -32.5% |
| Financial fixed assets | 28 | €330 | €270 | -€60 | -18.3% |
| Current assets | 29/58 | €2,240,116 | €2,545,810 | +€305,693 | +13.6% |
| Stocks and contracts in progress | 3 | €447,715 | €477,738 | +€30,024 | +6.7% |
| Stocks | 30/36 | €447,715 | €477,738 | +€30,024 | +6.7% |
| Amounts receivable within one year | 40/41 | €91,189 | €81,254 | -€9,935 | -10.9% |
| Trade receivables | 40 | €37,450 | €13,318 | -€24,132 | -64.4% |
| Other amounts receivable | 41 | €53,739 | €67,936 | +€14,197 | +26.4% |
| Current investments | 50/53 | €1,110,119 | €1,122,116 | +€11,996 | +1.1% |
| Cash at bank and in hand | 54/58 | €572,309 | €840,224 | +€267,914 | +46.8% |
| Deferred charges and accrued income | 490/1 | €18,785 | €24,478 | +€5,693 | +30.3% |
| Total equity and liabilities | 10/49 | €3,414,401 | €3,661,964 | +€247,563 | +7.3% |
| Equity | 10/15 | €2,610,054 | €3,199,995 | +€589,940 | +22.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,110,054 | €2,699,995 | +€589,940 | +28.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,751 | €568,451 | +€294,700 | +108% |
| Distributable reserves | 133 | €1,786,304 | €2,081,544 | +€295,240 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €804,346 | €461,969 | -€342,377 | -42.6% |
| Amounts payable after more than one year | 17 | €834 | €0 | -€834 | -100% |
| Financial debts | 170/4 | €834 | €0 | -€834 | -100% |
| Amounts payable within one year | 42/48 | €802,167 | €453,554 | -€348,614 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €23,489 | €834 | -€22,655 | -96.5% |
| Trade debts | 44 | €295,948 | €351,078 | +€55,130 | +18.6% |
| Suppliers | 440/4 | €295,948 | €351,078 | +€55,130 | +18.6% |
| Advances received on contracts in progress | 46 | €9 | €1,711 | +€1,702 | +18,684% |
| Taxes, remuneration and social security | 45 | €114,562 | €90,483 | -€24,079 | -21.0% |
| Taxes | 450/3 | €70,543 | €47,147 | -€23,396 | -33.2% |
| Remuneration and social security | 454/9 | €44,018 | €43,336 | -€683 | -1.6% |
| Other amounts payable | 47/48 | €368,160 | €9,448 | -€358,712 | -97.4% |
| Accrued charges and deferred income | 492/3 | €1,346 | €8,416 | +€7,070 | +525% |
| Remuneration, social security and pensions | 62 | €254,378 | €250,868 | -€3,509 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,692 | €96,003 | -€20,690 | -17.7% |
| Other operating charges | 640/8 | €14,456 | €14,610 | +€155 | +1.1% |
| Non-recurring operating charges | 66A | - | €15,876 | +€15,876 | |
| Gross operating margin | 9900 | €1,239,275 | €1,167,677 | -€71,597 | -5.8% |
| Operating profit (loss) | 9901 | €853,749 | €790,320 | -€63,429 | -7.4% |
| Financial income | 75/76B | €30,635 | €54,710 | +€24,075 | +78.6% |
| Recurring financial income | 75 | €30,635 | €54,710 | +€24,075 | +78.6% |
| Financial charges | 65/66B | -€21,776 | €15,434 | +€37,209 | |
| Recurring financial charges | 65 | -€21,776 | €15,434 | +€37,209 | |
| Profit (loss) for the period before taxes | 9903 | €906,160 | €829,597 | -€76,563 | -8.4% |
| Income taxes | 67/77 | €249,978 | €230,208 | -€19,770 | -7.9% |
| Profit (loss) for the period | 9904 | €656,182 | €599,388 | -€56,794 | -8.7% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €294,700 | +€21,050 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €382,532 | €304,688 | -€77,844 | -20.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.