TUBA21: 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.
TUBA21
Largest movements
- Stocks and contracts +€58,555
up €58,555 (+63.1%), from €92,804 to €151,358
- Receivables within one year -€28,311
down €28,311 (-95.6%), from €29,604 to €1,293
of which Other amounts receivable: -€15,538
- Deferred charges and accrued income -€12,761
no longer reported in 2024 (was €12,761)
- Tangible fixed assets +€10,410
up €10,410 (+30.5%), from €34,104 to €44,513
of which Leasing and similar rights: +€16,621
- Cash +€3,256
up €3,256 (+17.3%), from €18,781 to €22,037
mainly Trade debts (+€47,409) and Receivables within one year (+€28,311)
- Other debts -€61,532
down €61,532 (-71.2%), from €86,370 to €24,838
- Trade debts +€47,409
up €47,409 (+64.8%), from €73,188 to €120,597
- Profit (loss) carried forward +€18,281
up €18,281 (+341%), from €5,368 to €23,648
- Tax, wage and social debts +€12,782
up €12,782 (+282%), from €4,527 to €17,309
of which Taxes: +€6,852
- Debts after one year +€11,502
new in 2024: €11,502
- Purchases and services +€280,361
up €280,361 (+63.6%), from €440,717 to €721,078
- Gross operating margin +€69,956
up €69,956 (+188%), from €37,204 to €107,160
- Staff costs +€48,197
up €48,197 (+684%), from €7,045 to €55,241
- Depreciation +€14,089
up €14,089 (+182%), from €7,741 to €21,830
- Financial charges +€3,312
up €3,312 (+883%), from €375 to €3,687
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,053 | €219,201 | +€31,148 | +16.6% |
| Fixed assets | 21/28 | €34,104 | €44,513 | +€10,410 | +30.5% |
| Tangible fixed assets | 22/27 | €34,104 | €44,513 | +€10,410 | +30.5% |
| Plant, machinery and equipment | 23 | €34,104 | €27,892 | -€6,212 | -18.2% |
| Leasing and similar rights | 25 | - | €16,621 | +€16,621 | |
| Current assets | 29/58 | €153,949 | €174,688 | +€20,739 | +13.5% |
| Stocks and contracts in progress | 3 | €92,804 | €151,358 | +€58,555 | +63.1% |
| Stocks | 30/36 | €92,804 | €151,358 | +€58,555 | +63.1% |
| Amounts receivable within one year | 40/41 | €29,604 | €1,293 | -€28,311 | -95.6% |
| Trade receivables | 40 | €12,772 | - | -€12,772 | |
| Other amounts receivable | 41 | €16,832 | €1,293 | -€15,538 | -92.3% |
| Cash at bank and in hand | 54/58 | €18,781 | €22,037 | +€3,256 | +17.3% |
| Deferred charges and accrued income | 490/1 | €12,761 | - | -€12,761 | |
| Total equity and liabilities | 10/49 | €188,053 | €219,201 | +€31,148 | +16.6% |
| Equity | 10/15 | €23,968 | €42,248 | +€18,281 | +76.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,368 | €23,648 | +€18,281 | +341% |
| Amounts payable | 17/49 | €164,085 | €176,953 | +€12,867 | +7.8% |
| Amounts payable after more than one year | 17 | - | €11,502 | +€11,502 | |
| Financial debts | 170/4 | - | €11,502 | +€11,502 | |
| Amounts payable within one year | 42/48 | €164,085 | €165,451 | +€1,365 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,706 | +€2,706 | |
| Trade debts | 44 | €73,188 | €120,597 | +€47,409 | +64.8% |
| Suppliers | 440/4 | €73,188 | €120,597 | +€47,409 | +64.8% |
| Taxes, remuneration and social security | 45 | €4,527 | €17,309 | +€12,782 | +282% |
| Taxes | 450/3 | €2,239 | €9,091 | +€6,852 | +306% |
| Remuneration and social security | 454/9 | €2,289 | €8,218 | +€5,930 | +259% |
| Other amounts payable | 47/48 | €86,370 | €24,838 | -€61,532 | -71.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €440,717 | €721,078 | +€280,361 | +63.6% |
| Remuneration, social security and pensions | 62 | €7,045 | €55,241 | +€48,197 | +684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,741 | €21,830 | +€14,089 | +182% |
| Other operating charges | 640/8 | €3,075 | €4,284 | +€1,208 | +39.3% |
| Gross operating margin | 9900 | €37,204 | €107,160 | +€69,956 | +188% |
| Operating profit (loss) | 9901 | €19,343 | €25,805 | +€6,463 | +33.4% |
| Financial income | 75/76B | €2 | €21 | +€19 | +800% |
| Recurring financial income | 75 | €2 | €21 | +€19 | +800% |
| Financial charges | 65/66B | €375 | €3,687 | +€3,312 | +883% |
| Recurring financial charges | 65 | €375 | €3,687 | +€3,312 | +883% |
| Profit (loss) for the period before taxes | 9903 | €18,970 | €22,140 | +€3,170 | +16.7% |
| Income taxes | 67/77 | €2,239 | €3,859 | +€1,620 | +72.4% |
| Profit (loss) for the period | 9904 | €16,731 | €18,281 | +€1,549 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,731 | €18,281 | +€1,549 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.