De Tulp Gent: 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.
De Tulp Gent
Largest movements
- Receivables within one year -€52,661
down €52,661 (-65.3%), from €80,665 to €28,004
of which Trade receivables: -€45,208
- Cash +€14,865
up €14,865 (+58.5%), from €25,412 to €40,277
mainly Receivables within one year (+€52,661) and Depreciation (+€15,173)
- Tangible fixed assets -€7,710
down €7,710 (-9.0%), from €85,769 to €78,058
of which Other tangible fixed assets: -€8,373
- Trade debts -€29,224
down €29,224 (-67.0%), from €43,611 to €14,387
- Other debts -€26,622
down €26,622 (-21.2%), from €125,768 to €99,145
- Profit (loss) carried forward +€12,559
up €12,559 (+25.4%), from -€49,362 to -€36,803
- Current portion of long-term debt -€12,550
down €12,550 (-100.0%), from €12,550 to €0
- Advances received +€9,354
new in 2025: €9,354
- Gross operating margin +€17,415
up €17,415 (+8.6%), from €201,362 to €218,777
- Staff costs +€15,118
up €15,118 (+9.3%), from €163,020 to €178,138
- Depreciation -€14,695
down €14,695 (-49.2%), from €29,868 to €15,173
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 | €214,666 | €168,478 | -€46,188 | -21.5% |
| Fixed assets | 21/28 | €92,219 | €84,508 | -€7,710 | -8.4% |
| Tangible fixed assets | 22/27 | €85,769 | €78,058 | -€7,710 | -9.0% |
| Plant, machinery and equipment | 23 | €3,664 | €3,563 | -€101 | -2.8% |
| Furniture and vehicles | 24 | €1,446 | €2,210 | +€763 | +52.8% |
| Other tangible fixed assets | 26 | €80,658 | €72,286 | -€8,373 | -10.4% |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €122,448 | €83,970 | -€38,478 | -31.4% |
| Stocks and contracts in progress | 3 | €16,371 | €15,570 | -€801 | -4.9% |
| Stocks | 30/36 | €16,371 | €15,570 | -€801 | -4.9% |
| Amounts receivable within one year | 40/41 | €80,665 | €28,004 | -€52,661 | -65.3% |
| Trade receivables | 40 | €58,773 | €13,565 | -€45,208 | -76.9% |
| Other amounts receivable | 41 | €21,892 | €14,439 | -€7,453 | -34.0% |
| Cash at bank and in hand | 54/58 | €25,412 | €40,277 | +€14,865 | +58.5% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €214,666 | €168,478 | -€46,188 | -21.5% |
| Equity | 10/15 | -€9,362 | €3,197 | +€12,559 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,362 | -€36,803 | +€12,559 | +25.4% |
| Amounts payable | 17/49 | €224,028 | €165,281 | -€58,747 | -26.2% |
| Amounts payable within one year | 42/48 | €224,028 | €165,281 | -€58,747 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €12,550 | €0 | -€12,550 | -100.0% |
| Trade debts | 44 | €43,611 | €14,387 | -€29,224 | -67.0% |
| Suppliers | 440/4 | €43,611 | €14,387 | -€29,224 | -67.0% |
| Advances received on contracts in progress | 46 | - | €9,354 | +€9,354 | |
| Taxes, remuneration and social security | 45 | €42,099 | €42,394 | +€294 | +0.7% |
| Taxes | 450/3 | €16,650 | €15,906 | -€744 | -4.5% |
| Remuneration and social security | 454/9 | €25,449 | €26,488 | +€1,039 | +4.1% |
| Other amounts payable | 47/48 | €125,768 | €99,145 | -€26,622 | -21.2% |
| Remuneration, social security and pensions | 62 | €163,020 | €178,138 | +€15,118 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,868 | €15,173 | -€14,695 | -49.2% |
| Other operating charges | 640/8 | €914 | €1,780 | +€867 | +94.9% |
| Non-recurring operating charges | 66A | €8,521 | €7,000 | -€1,521 | -17.8% |
| Gross operating margin | 9900 | €201,362 | €218,777 | +€17,415 | +8.6% |
| Operating profit (loss) | 9901 | -€961 | €16,685 | +€17,646 | |
| Financial income | 75/76B | €54 | €1,022 | +€968 | +1802.6% |
| Recurring financial income | 75 | €54 | €1,022 | +€968 | +1802.6% |
| Financial charges | 65/66B | €6,356 | €5,149 | -€1,207 | -19.0% |
| Recurring financial charges | 65 | €6,356 | €5,149 | -€1,207 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,262 | €12,559 | +€19,821 | |
| Profit (loss) for the period | 9904 | -€7,262 | €12,559 | +€19,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,262 | €12,559 | +€19,821 |
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 11 October 2026 via checked.be.