LDC TUINEN: 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.
LDC TUINEN
Largest movements
- Receivables within one year +€9,611
up €9,611 (+65.3%), from €14,712 to €24,323
of which Other amounts receivable: +€16,868
- Cash -€5,607
down €5,607 (-62.0%), from €9,044 to €3,437
mainly Receivables within one year (-€9,611) and Investment in fixed assets (net) (-€3,394)
- Deferred charges and accrued income -€3,650
no longer reported in 2025 (was €3,650)
- Stocks and contracts -€2,137
down €2,137 (-30.6%), from €6,976 to €4,840
of which Contracts in progress: -€2,035
- Tangible fixed assets -€902
down €902 (-3.7%), from €24,455 to €23,553
of which Other tangible fixed assets: -€2,990
- Current portion of long-term debt -€2,084
down €2,084 (-57.3%), from €3,638 to €1,554
- Debts after one year -€1,565
no longer reported in 2025 (was €1,565)
- Other debts +€800
new in 2025: €800
- Gross operating margin -€17,204
down €17,204 (-63.5%), from €27,078 to €9,874
- Financial charges +€1,297
up €1,297 (+70.7%), from €1,835 to €3,133
- Taxes +€712
new in 2025: €712
- Financial income +€273
up €273 (+82.9%), from €329 to €602
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 | €58,837 | €56,153 | -€2,684 | -4.6% |
| Fixed assets | 21/28 | €24,455 | €23,553 | -€902 | -3.7% |
| Tangible fixed assets | 22/27 | €24,455 | €23,553 | -€902 | -3.7% |
| Plant, machinery and equipment | 23 | €9,551 | €11,639 | +€2,088 | +21.9% |
| Other tangible fixed assets | 26 | €14,905 | €11,915 | -€2,990 | -20.1% |
| Current assets | 29/58 | €34,382 | €32,599 | -€1,782 | -5.2% |
| Stocks and contracts in progress | 3 | €6,976 | €4,840 | -€2,137 | -30.6% |
| Stocks | 30/36 | €654 | €553 | -€102 | -15.6% |
| Contracts in progress | 37 | €6,322 | €4,287 | -€2,035 | -32.2% |
| Amounts receivable within one year | 40/41 | €14,712 | €24,323 | +€9,611 | +65.3% |
| Trade receivables | 40 | €7,257 | - | -€7,257 | |
| Other amounts receivable | 41 | €7,455 | €24,323 | +€16,868 | +226% |
| Cash at bank and in hand | 54/58 | €9,044 | €3,437 | -€5,607 | -62.0% |
| Deferred charges and accrued income | 490/1 | €3,650 | - | -€3,650 | |
| Total equity and liabilities | 10/49 | €58,837 | €56,153 | -€2,684 | -4.6% |
| Equity | 10/15 | €47,514 | €48,062 | +€548 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,314 | €41,862 | +€548 | +1.3% |
| Tax-exempt reserves | 132 | €21,672 | €21,672 | = | 0.0% |
| Distributable reserves | 133 | €19,642 | €20,190 | +€548 | +2.8% |
| Amounts payable | 17/49 | €11,324 | €8,091 | -€3,233 | -28.5% |
| Amounts payable after more than one year | 17 | €1,565 | - | -€1,565 | |
| Financial debts | 170/4 | €1,565 | - | -€1,565 | |
| Amounts payable within one year | 42/48 | €8,559 | €6,641 | -€1,918 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €3,638 | €1,554 | -€2,084 | -57.3% |
| Trade debts | 44 | €4,350 | €3,940 | -€410 | -9.4% |
| Suppliers | 440/4 | €4,350 | €3,940 | -€410 | -9.4% |
| Taxes, remuneration and social security | 45 | €571 | €347 | -€225 | -39.3% |
| Taxes | 450/3 | €571 | €347 | -€225 | -39.3% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,450 | +€250 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275 | €4,296 | +€21 | +0.5% |
| Other operating charges | 640/8 | €919 | €987 | +€69 | +7.5% |
| Gross operating margin | 9900 | €27,078 | €9,874 | -€17,204 | -63.5% |
| Operating profit (loss) | 9901 | €21,884 | €4,591 | -€17,293 | -79.0% |
| Financial income | 75/76B | €329 | €602 | +€273 | +82.9% |
| Recurring financial income | 75 | €329 | €602 | +€273 | +82.9% |
| Financial charges | 65/66B | €1,835 | €3,133 | +€1,297 | +70.7% |
| Recurring financial charges | 65 | €1,835 | €3,133 | +€1,297 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €20,378 | €2,060 | -€18,317 | -89.9% |
| Income taxes | 67/77 | - | €712 | +€712 | |
| Profit (loss) for the period | 9904 | €20,378 | €1,348 | -€19,029 | -93.4% |
| Transfer to tax-exempt reserves | 689 | €19,683 | - | -€19,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €695 | €1,348 | +€653 | +94.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.