LA TULIPE ROUGE: 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.
LA TULIPE ROUGE
Largest movements
- Cash +€16,218
up €16,218 (+40.2%), from €40,374 to €56,592
mainly Depreciation (+€17,223) and Net result for the year (+€1,548)
- Tangible fixed assets -€16,006
down €16,006 (-47.0%), from €34,065 to €18,059
- Stocks and contracts +€1,504
up €1,504 (+9.3%), from €16,215 to €17,719
- Profit (loss) carried forward +€1,548
up €1,548 (+1.5%), from €102,453 to €104,001
- Gross operating margin -€20,850
down €20,850 (-46.9%), from €44,413 to €23,562
- Depreciation -€16,422
down €16,422 (-48.8%), from €33,645 to €17,223
- Taxes -€2,668
down €2,668 (-66.0%), from €4,040 to €1,373
- Other operating charges -€2,478
down €2,478 (-43.3%), from €5,721 to €3,243
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 | €123,621 | €126,110 | +€2,490 | +2.0% |
| Fixed assets | 21/28 | €34,065 | €18,059 | -€16,006 | -47.0% |
| Tangible fixed assets | 22/27 | €34,065 | €18,059 | -€16,006 | -47.0% |
| Furniture and vehicles | 24 | €34,065 | €18,059 | -€16,006 | -47.0% |
| Current assets | 29/58 | €89,555 | €108,052 | +€18,496 | +20.7% |
| Stocks and contracts in progress | 3 | €16,215 | €17,719 | +€1,504 | +9.3% |
| Stocks | 30/36 | €16,215 | €17,719 | +€1,504 | +9.3% |
| Amounts receivable within one year | 40/41 | €32,966 | €33,740 | +€774 | +2.3% |
| Other amounts receivable | 41 | €32,966 | €33,740 | +€774 | +2.3% |
| Cash at bank and in hand | 54/58 | €40,374 | €56,592 | +€16,218 | +40.2% |
| Total equity and liabilities | 10/49 | €123,621 | €126,110 | +€2,490 | +2.0% |
| Equity | 10/15 | €122,913 | €124,461 | +€1,548 | +1.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,453 | €104,001 | +€1,548 | +1.5% |
| Amounts payable | 17/49 | €708 | €1,649 | +€942 | +133% |
| Amounts payable within one year | 42/48 | €708 | €1,649 | +€942 | +133% |
| Trade debts | 44 | €708 | €1,649 | +€942 | +133% |
| Suppliers | 440/4 | €708 | €1,649 | +€942 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,645 | €17,223 | -€16,422 | -48.8% |
| Other operating charges | 640/8 | €5,721 | €3,243 | -€2,478 | -43.3% |
| Gross operating margin | 9900 | €44,413 | €23,562 | -€20,850 | -46.9% |
| Operating profit (loss) | 9901 | €5,047 | €3,097 | -€1,951 | -38.6% |
| Financial charges | 65/66B | €197 | €176 | -€22 | -11.0% |
| Recurring financial charges | 65 | €197 | €176 | -€22 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €4,850 | €2,921 | -€1,929 | -39.8% |
| Income taxes | 67/77 | €4,040 | €1,373 | -€2,668 | -66.0% |
| Profit (loss) for the period | 9904 | €810 | €1,548 | +€738 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €810 | €1,548 | +€738 | +91.2% |
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 25 October 2026 via checked.be.