L'AS TUCE: 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.
L'AS TUCE
Largest movements
- Cash -€4,196
down €4,196 (-82.2%), from €5,104 to €908
mainly Debts after one year (-€16,548) and Net result for the year (-€9,216)
- Stocks and contracts -€2,221
down €2,221 (-41.6%), from €5,345 to €3,124
- Tangible fixed assets -€1,228
down €1,228 (-100%), from €1,228 to €0
- Receivables within one year -€918
down €918 (-100%), from €918 to €0
of which Trade receivables: -€856
- Debts after one year -€16,548
down €16,548 (-100%), from €16,548 to €0
- Other debts +€15,902
up €15,902 (+48.8%), from €32,576 to €48,478
- Profit (loss) carried forward -€9,216
down €9,216 (-19.0%), from -€48,633 to -€57,850
- Trade debts +€1,263
up €1,263 (+582%), from €217 to €1,480
- Gross operating margin +€35,164
up €35,164 (+87.8%), from -€40,034 to -€4,871
- Other operating charges -€2,438
down €2,438 (-80.7%), from €3,019 to €581
- Write-downs +€2,047
new in 2025: €2,047
- Depreciation -€1,384
down €1,384 (-100%), from €1,384 to €0
- Financial charges -€754
down €754 (-71.7%), from €1,053 to €298
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,247 | €4,649 | -€8,598 | -64.9% |
| Fixed assets | 21/28 | €1,578 | €300 | -€1,278 | -81.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,228 | €0 | -€1,228 | -100% |
| Plant, machinery and equipment | 23 | €311 | €0 | -€311 | -100% |
| Furniture and vehicles | 24 | €569 | €0 | -€569 | -100% |
| Other tangible fixed assets | 26 | €347 | €0 | -€347 | -100% |
| Financial fixed assets | 28 | €350 | €300 | -€50 | -14.3% |
| Current assets | 29/58 | €11,669 | €4,349 | -€7,321 | -62.7% |
| Stocks and contracts in progress | 3 | €5,345 | €3,124 | -€2,221 | -41.6% |
| Stocks | 30/36 | €5,345 | €3,124 | -€2,221 | -41.6% |
| Amounts receivable within one year | 40/41 | €918 | €0 | -€918 | -100% |
| Trade receivables | 40 | €856 | €0 | -€856 | -100% |
| Other amounts receivable | 41 | €61 | €0 | -€61 | -100% |
| Cash at bank and in hand | 54/58 | €5,104 | €908 | -€4,196 | -82.2% |
| Deferred charges and accrued income | 490/1 | €303 | €317 | +€14 | +4.5% |
| Total equity and liabilities | 10/49 | €13,247 | €4,649 | -€8,598 | -64.9% |
| Equity | 10/15 | -€36,233 | -€45,450 | -€9,216 | -25.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,633 | -€57,850 | -€9,216 | -19.0% |
| Amounts payable | 17/49 | €49,480 | €50,099 | +€618 | +1.2% |
| Amounts payable after more than one year | 17 | €16,548 | €0 | -€16,548 | -100% |
| Other amounts payable | 178/9 | €16,548 | €0 | -€16,548 | -100% |
| Amounts payable within one year | 42/48 | €32,933 | €50,099 | +€17,166 | +52.1% |
| Trade debts | 44 | €217 | €1,480 | +€1,263 | +582% |
| Suppliers | 440/4 | €217 | €1,480 | +€1,263 | +582% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Other amounts payable | 47/48 | €32,576 | €48,478 | +€15,902 | +48.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €927 | €0 | -€927 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,384 | €0 | -€1,384 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,047 | +€2,047 | |
| Other operating charges | 640/8 | €3,019 | €581 | -€2,438 | -80.7% |
| Non-recurring operating charges | 66A | €2,100 | €1,278 | -€822 | -39.2% |
| Gross operating margin | 9900 | -€40,034 | -€4,871 | +€35,164 | +87.8% |
| Operating profit (loss) | 9901 | -€46,538 | -€8,777 | +€37,761 | +81.1% |
| Financial income | 75/76B | €193 | €0 | -€193 | -100% |
| Recurring financial income | 75 | €193 | €0 | -€193 | -100% |
| Financial charges | 65/66B | €1,053 | €298 | -€754 | -71.7% |
| Recurring financial charges | 65 | €1,053 | €298 | -€754 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,398 | -€9,075 | +€38,323 | +80.9% |
| Income taxes | 67/77 | €146 | €141 | -€5 | -3.6% |
| Profit (loss) for the period | 9904 | -€47,544 | -€9,216 | +€38,328 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,544 | -€9,216 | +€38,328 | +80.6% |
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 13 October 2026 via checked.be.