GOLDEN TULIP: 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.
GOLDEN TULIP
Largest movements
- Cash -€17,376
down €17,376 (-32.4%), from €53,579 to €36,202
mainly Stocks and contracts (-€15,164) and Receivables within one year (-€12,589)
- Stocks and contracts +€15,164
up €15,164 (+36.6%), from €41,464 to €56,628
- Receivables within one year +€12,589
up €12,589 (+31.1%), from €40,521 to €53,109
of which Trade receivables: +€7,836
- Other debts +€14,676
new in 2024: €14,676
- Trade debts -€7,095
down €7,095 (-13.4%), from €52,970 to €45,875
- Current portion of long-term debt -€5,631
down €5,631 (-64.7%), from €8,702 to €3,071
- Reserves +€5,078
up €5,078 (+12.0%), from €42,187 to €47,265
of which Distributable reserves: +€5,078
- Tax, wage and social debts +€2,018
up €2,018 (+13.8%), from €14,616 to €16,633
of which Taxes: +€2,475
- Gross operating margin -€11,621
down €11,621 (-33.5%), from €34,721 to €23,100
- Staff costs -€3,409
down €3,409 (-33.9%), from €10,061 to €6,651
- Financial charges +€937
up €937 (+70.5%), from €1,329 to €2,266
- Taxes -€862
down €862 (-12.9%), from €6,701 to €5,839
- Other operating charges -€750
down €750 (-19.0%), from €3,939 to €3,189
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 | €137,075 | €146,121 | +€9,046 | +6.6% |
| Fixed assets | 21/28 | €262 | €181 | -€81 | -30.9% |
| Tangible fixed assets | 22/27 | €262 | €181 | -€81 | -30.9% |
| Plant, machinery and equipment | 23 | €262 | €181 | -€81 | -30.9% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €136,813 | €145,940 | +€9,127 | +6.7% |
| Stocks and contracts in progress | 3 | €41,464 | €56,628 | +€15,164 | +36.6% |
| Stocks | 30/36 | €41,464 | €56,628 | +€15,164 | +36.6% |
| Amounts receivable within one year | 40/41 | €40,521 | €53,109 | +€12,589 | +31.1% |
| Trade receivables | 40 | €30,161 | €37,998 | +€7,836 | +26.0% |
| Other amounts receivable | 41 | €10,359 | €15,112 | +€4,752 | +45.9% |
| Cash at bank and in hand | 54/58 | €53,579 | €36,202 | -€17,376 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,250 | - | -€1,250 | |
| Total equity and liabilities | 10/49 | €137,075 | €146,121 | +€9,046 | +6.6% |
| Equity | 10/15 | €60,787 | €65,865 | +€5,078 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,187 | €47,265 | +€5,078 | +12.0% |
| Non-distributable reserves | 130/1 | €1,155 | €1,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,155 | €1,155 | = | 0.0% |
| Distributable reserves | 133 | €41,031 | €46,110 | +€5,078 | +12.4% |
| Amounts payable | 17/49 | €76,288 | €80,256 | +€3,968 | +5.2% |
| Amounts payable within one year | 42/48 | €76,288 | €80,256 | +€3,968 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,702 | €3,071 | -€5,631 | -64.7% |
| Trade debts | 44 | €52,970 | €45,875 | -€7,095 | -13.4% |
| Suppliers | 440/4 | €52,970 | €45,875 | -€7,095 | -13.4% |
| Taxes, remuneration and social security | 45 | €14,616 | €16,633 | +€2,018 | +13.8% |
| Taxes | 450/3 | €14,139 | €16,613 | +€2,475 | +17.5% |
| Remuneration and social security | 454/9 | €477 | €20 | -€457 | -95.9% |
| Other amounts payable | 47/48 | - | €14,676 | +€14,676 | |
| Remuneration, social security and pensions | 62 | €10,061 | €6,651 | -€3,409 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €81 | -€721 | -89.9% |
| Other operating charges | 640/8 | €3,939 | €3,189 | -€750 | -19.0% |
| Gross operating margin | 9900 | €34,721 | €23,100 | -€11,621 | -33.5% |
| Operating profit (loss) | 9901 | €19,919 | €13,178 | -€6,740 | -33.8% |
| Financial income | 75/76B | €18 | €4 | -€14 | -75.5% |
| Recurring financial income | 75 | €18 | €4 | -€14 | -75.5% |
| Financial charges | 65/66B | €1,329 | €2,266 | +€937 | +70.5% |
| Recurring financial charges | 65 | €1,329 | €2,266 | +€937 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €18,608 | €10,917 | -€7,691 | -41.3% |
| Income taxes | 67/77 | €6,701 | €5,839 | -€862 | -12.9% |
| Profit (loss) for the period | 9904 | €11,908 | €5,078 | -€6,829 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,908 | €5,078 | -€6,829 | -57.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.