TNU: 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.
TNU
Largest movements
- Cash +€31,922
up €31,922 (+48.8%), from €65,461 to €97,383
mainly Net result for the year (+€24,441) and Trade debts (+€13,167)
- Receivables within one year -€9,699
no longer reported in 2025 (was €9,699)
- Tangible fixed assets +€8,667
new in 2025: €8,667
- Reserves +€24,441
up €24,441 (+52.0%), from €46,984 to €71,424
- Trade debts +€13,167
up €13,167 (+1733.5%), from €760 to €13,927
- Tax, wage and social debts -€9,661
down €9,661 (-38.0%), from €25,412 to €15,751
- Other debts +€2,354
up €2,354 (+45006.1%), from €5 to €2,359
- Gross operating margin +€14,770
up €14,770 (+59.7%), from €24,760 to €39,529
- Depreciation +€4,333
new in 2025: €4,333
- Taxes +€2,016
up €2,016 (+33.5%), from €6,020 to €8,036
- Other operating charges +€1,081
up €1,081 (+239.5%), from €451 to €1,532
- Financial charges +€875
up €875 (+279.6%), from €313 to €1,187
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 | €75,160 | €106,050 | +€30,890 | +41.1% |
| Fixed assets | 21/28 | - | €8,667 | +€8,667 | |
| Tangible fixed assets | 22/27 | - | €8,667 | +€8,667 | |
| Furniture and vehicles | 24 | - | €8,667 | +€8,667 | |
| Current assets | 29/58 | €75,160 | €97,383 | +€22,223 | +29.6% |
| Amounts receivable within one year | 40/41 | €9,699 | - | -€9,699 | |
| Trade receivables | 40 | €9,699 | - | -€9,699 | |
| Cash at bank and in hand | 54/58 | €65,461 | €97,383 | +€31,922 | +48.8% |
| Total equity and liabilities | 10/49 | €75,160 | €106,050 | +€30,890 | +41.1% |
| Equity | 10/15 | €48,984 | €73,424 | +€24,441 | +49.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €46,984 | €71,424 | +€24,441 | +52.0% |
| Distributable reserves | 133 | €46,984 | €71,424 | +€24,441 | +52.0% |
| Amounts payable | 17/49 | €26,176 | €32,626 | +€6,449 | +24.6% |
| Amounts payable within one year | 42/48 | €26,176 | €32,037 | +€5,861 | +22.4% |
| Trade debts | 44 | €760 | €13,927 | +€13,167 | +1733.5% |
| Suppliers | 440/4 | €760 | €13,927 | +€13,167 | +1733.5% |
| Taxes, remuneration and social security | 45 | €25,412 | €15,751 | -€9,661 | -38.0% |
| Taxes | 450/3 | €25,412 | €15,751 | -€9,661 | -38.0% |
| Other amounts payable | 47/48 | €5 | €2,359 | +€2,354 | +45006.1% |
| Accrued charges and deferred income | 492/3 | - | €589 | +€589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,333 | +€4,333 | |
| Other operating charges | 640/8 | €451 | €1,532 | +€1,081 | +239.5% |
| Gross operating margin | 9900 | €24,760 | €39,529 | +€14,770 | +59.7% |
| Operating profit (loss) | 9901 | €24,309 | €33,664 | +€9,356 | +38.5% |
| Financial charges | 65/66B | €313 | €1,187 | +€875 | +279.6% |
| Recurring financial charges | 65 | €313 | €1,187 | +€875 | +279.6% |
| Profit (loss) for the period before taxes | 9903 | €23,996 | €32,477 | +€8,481 | +35.3% |
| Income taxes | 67/77 | €6,020 | €8,036 | +€2,016 | +33.5% |
| Profit (loss) for the period | 9904 | €17,976 | €24,441 | +€6,465 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,976 | €24,441 | +€6,465 | +36.0% |
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 30 September 2026 via checked.be.