DR. TUNING: 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.
DR. TUNING
Largest movements
- Cash +€72,324
up €72,324 (+113.5%), from €63,742 to €136,066
mainly Net result for the year (+€60,950) and Depreciation (+€22,601)
- Tangible fixed assets -€6,629
down €6,629 (-3.6%), from €186,560 to €179,932
of which Land and buildings: -€20,075
- Reserves +€55,315
up €55,315 (+120.9%), from €45,767 to €101,082
- Other debts -€20,958
down €20,958 (-23.1%), from €90,851 to €69,893
- Tax, wage and social debts +€16,848
up €16,848 (+296.2%), from €5,687 to €22,535
- Debts after one year +€13,004
up €13,004 (+10.4%), from €124,745 to €137,749
of which Other amounts payable: +€25,000
- Contributions +€5,634
up €5,634 (+417.4%), from €1,350 to €6,984
- Gross operating margin +€88,678
up €88,678 (+245.3%), from €36,149 to €124,827
- Taxes +€27,720
up €27,720 (+1613.0%), from €1,719 to €29,439
- Financial charges +€2,333
up €2,333 (+27.5%), from €8,483 to €10,816
- Depreciation +€1,795
up €1,795 (+8.6%), from €20,806 to €22,601
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 | €284,610 | €354,029 | +€69,419 | +24.4% |
| Fixed assets | 21/28 | €214,560 | €207,932 | -€6,629 | -3.1% |
| Tangible fixed assets | 22/27 | €186,560 | €179,932 | -€6,629 | -3.6% |
| Land and buildings | 22 | €183,097 | €163,022 | -€20,075 | -11.0% |
| Plant, machinery and equipment | 23 | €3,463 | €2,733 | -€730 | -21.1% |
| Furniture and vehicles | 24 | - | €14,177 | +€14,177 | |
| Financial fixed assets | 28 | €28,000 | €28,000 | = | 0.0% |
| Current assets | 29/58 | €70,050 | €146,098 | +€76,048 | +108.6% |
| Stocks and contracts in progress | 3 | €2,084 | €1,769 | -€315 | -15.1% |
| Stocks | 30/36 | €2,084 | €1,769 | -€315 | -15.1% |
| Amounts receivable within one year | 40/41 | €4,223 | €5,958 | +€1,734 | +41.1% |
| Trade receivables | 40 | €4,223 | €5,823 | +€1,599 | +37.9% |
| Other amounts receivable | 41 | €0 | €135 | +€135 | |
| Cash at bank and in hand | 54/58 | €63,742 | €136,066 | +€72,324 | +113.5% |
| Deferred charges and accrued income | 490/1 | - | €2,305 | +€2,305 | |
| Total equity and liabilities | 10/49 | €284,610 | €354,029 | +€69,419 | +24.4% |
| Equity | 10/15 | €47,117 | €108,067 | +€60,950 | +129.4% |
| Contributions | 10/11 | €1,350 | €6,984 | +€5,634 | +417.4% |
| Reserves | 13 | €45,767 | €101,082 | +€55,315 | +120.9% |
| Distributable reserves | 133 | €45,767 | €101,082 | +€55,315 | +120.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,493 | €245,963 | +€8,470 | +3.6% |
| Amounts payable after more than one year | 17 | €124,745 | €137,749 | +€13,004 | +10.4% |
| Financial debts | 170/4 | €74,745 | €62,749 | -€11,996 | -16.0% |
| Other amounts payable | 178/9 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Amounts payable within one year | 42/48 | €110,785 | €105,429 | -€5,355 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €11,818 | €11,996 | +€178 | +1.5% |
| Trade debts | 44 | €2,428 | €1,005 | -€1,423 | -58.6% |
| Suppliers | 440/4 | €2,428 | €1,005 | -€1,423 | -58.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,687 | €22,535 | +€16,848 | +296.2% |
| Taxes | 450/3 | €5,687 | €22,535 | +€16,848 | +296.2% |
| Other amounts payable | 47/48 | €90,851 | €69,893 | -€20,958 | -23.1% |
| Accrued charges and deferred income | 492/3 | €1,964 | €2,785 | +€821 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,806 | €22,601 | +€1,795 | +8.6% |
| Other operating charges | 640/8 | €915 | €1,028 | +€113 | +12.3% |
| Gross operating margin | 9900 | €36,149 | €124,827 | +€88,678 | +245.3% |
| Operating profit (loss) | 9901 | €14,428 | €101,198 | +€86,770 | +601.4% |
| Financial income | 75/76B | €0 | €7 | +€7 | +6910.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +6910.0% |
| Financial charges | 65/66B | €8,483 | €10,816 | +€2,333 | +27.5% |
| Recurring financial charges | 65 | €8,483 | €10,816 | +€2,333 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €5,945 | €90,388 | +€84,443 | +1420.5% |
| Income taxes | 67/77 | €1,719 | €29,439 | +€27,720 | +1613.0% |
| Profit (loss) for the period | 9904 | €4,226 | €60,950 | +€56,723 | +1342.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,226 | €60,950 | +€56,723 | +1342.2% |
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 1 October 2026 via checked.be.