TU CONCEPT: 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.
TU CONCEPT
Largest movements
- Cash +€20,489
up €20,489 (+28.2%), from €72,528 to €93,017
mainly Depreciation (+€28,502) and Net result for the year (+€27,054)
- Tangible fixed assets -€9,573
down €9,573 (-13.2%), from €72,496 to €62,923
of which Land and buildings: -€6,476
- Reserves +€27,054
up €27,054 (+29.2%), from €92,767 to €119,821
of which Distributable reserves: +€27,054
- Debts after one year -€12,720
down €12,720 (-17.3%), from €73,403 to €60,683
- Trade debts -€5,086
down €5,086 (-54.2%), from €9,382 to €4,297
- Tax, wage and social debts +€3,822
up €3,822 (+161%), from €2,370 to €6,193
- Other debts -€3,562
down €3,562 (-7.6%), from €46,969 to €43,407
- Gross operating margin +€9,615
up €9,615 (+18.0%), from €53,504 to €63,119
- Write-downs +€8,046
up €8,046, from -€5,196 to €2,850
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 | €283,874 | €295,694 | +€11,819 | +4.2% |
| Fixed assets | 21/28 | €72,496 | €62,923 | -€9,573 | -13.2% |
| Tangible fixed assets | 22/27 | €72,496 | €62,923 | -€9,573 | -13.2% |
| Land and buildings | 22 | €32,653 | €26,176 | -€6,476 | -19.8% |
| Plant, machinery and equipment | 23 | €176 | €3,094 | +€2,918 | +1,654% |
| Furniture and vehicles | 24 | €39,667 | €33,653 | -€6,015 | -15.2% |
| Current assets | 29/58 | €211,378 | €232,771 | +€21,392 | +10.1% |
| Stocks and contracts in progress | 3 | €133,352 | €134,768 | +€1,417 | +1.1% |
| Stocks | 30/36 | €133,352 | €134,768 | +€1,417 | +1.1% |
| Amounts receivable within one year | 40/41 | €3,223 | €2,557 | -€666 | -20.7% |
| Trade receivables | 40 | €2,222 | €761 | -€1,461 | -65.8% |
| Other amounts receivable | 41 | €1,001 | €1,796 | +€795 | +79.5% |
| Cash at bank and in hand | 54/58 | €72,528 | €93,017 | +€20,489 | +28.2% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,428 | +€153 | +6.7% |
| Total equity and liabilities | 10/49 | €283,874 | €295,694 | +€11,819 | +4.2% |
| Equity | 10/15 | €122,767 | €149,821 | +€27,054 | +22.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €92,767 | €119,821 | +€27,054 | +29.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €92,767 | €119,821 | +€27,054 | +29.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €161,107 | €145,872 | -€15,235 | -9.5% |
| Amounts payable after more than one year | 17 | €73,403 | €60,683 | -€12,720 | -17.3% |
| Financial debts | 170/4 | €73,403 | €60,683 | -€12,720 | -17.3% |
| Amounts payable within one year | 42/48 | €71,182 | €66,616 | -€4,566 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €12,461 | €12,720 | +€259 | +2.1% |
| Trade debts | 44 | €9,382 | €4,297 | -€5,086 | -54.2% |
| Suppliers | 440/4 | €9,382 | €4,297 | -€5,086 | -54.2% |
| Taxes, remuneration and social security | 45 | €2,370 | €6,193 | +€3,822 | +161% |
| Taxes | 450/3 | €2,370 | €6,193 | +€3,822 | +161% |
| Other amounts payable | 47/48 | €46,969 | €43,407 | -€3,562 | -7.6% |
| Accrued charges and deferred income | 492/3 | €16,523 | €18,574 | +€2,051 | +12.4% |
| Remuneration, social security and pensions | 62 | €17 | €0 | -€17 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,363 | €28,502 | +€139 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,196 | €2,850 | +€8,046 | |
| Other operating charges | 640/8 | €1,099 | €1,175 | +€75 | +6.9% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €53,504 | €63,119 | +€9,615 | +18.0% |
| Operating profit (loss) | 9901 | €29,220 | €30,592 | +€1,372 | +4.7% |
| Financial income | 75/76B | €9,248 | €9,775 | +€527 | +5.7% |
| Recurring financial income | 75 | €9,248 | €9,775 | +€527 | +5.7% |
| Financial charges | 65/66B | €6,413 | €6,011 | -€402 | -6.3% |
| Recurring financial charges | 65 | €6,413 | €6,011 | -€402 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €32,054 | €34,356 | +€2,302 | +7.2% |
| Income taxes | 67/77 | €6,785 | €7,301 | +€516 | +7.6% |
| Profit (loss) for the period | 9904 | €25,269 | €27,054 | +€1,785 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,269 | €27,054 | +€1,785 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.