TUBE ACCESS: 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.
TUBE ACCESS
Largest movements
- Cash -€242,607
down €242,607 (-35.9%), from €675,685 to €433,078
mainly Receivables within one year (-€130,306) and Tax, wage and social debts (-€108,249)
- Receivables within one year +€130,306
up €130,306 (+12.5%), from €1.0m to €1.2m
of which Trade receivables: +€111,185
- Tangible fixed assets -€55,077
down €55,077 (-36.1%), from €152,625 to €97,548
- Reserves +€164,005
up €164,005 (+30.2%), from €542,608 to €706,613
of which Distributable reserves: +€164,005
- Tax, wage and social debts -€108,249
down €108,249 (-44.0%), from €245,953 to €137,704
of which Taxes: -€116,906
- Other debts -€102,120
down €102,120 (-58.1%), from €175,790 to €73,670
- Trade debts -€67,960
down €67,960 (-12.6%), from €537,799 to €469,839
- Debts after one year -€28,575
down €28,575 (-7.4%), from €388,575 to €360,000
of which Financial debts: -€28,575
- Staff costs +€63,480
up €63,480 (+22.5%), from €282,573 to €346,053
- Taxes -€18,460
down €18,460 (-19.3%), from €95,705 to €77,245
- Gross operating margin -€18,005
down €18,005 (-2.3%), from €788,857 to €770,852
- Other operating charges -€10,654
down €10,654 (-60.9%), from €17,500 to €6,846
- Write-downs -€10,513
down €10,513 (-9.9%), from €106,468 to €95,955
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 | €2,597,974 | €2,420,405 | -€177,569 | -6.8% |
| Fixed assets | 21/28 | €164,919 | €106,623 | -€58,296 | -35.3% |
| Intangible fixed assets | 21 | €12,134 | €8,915 | -€3,219 | -26.5% |
| Tangible fixed assets | 22/27 | €152,625 | €97,548 | -€55,077 | -36.1% |
| Plant, machinery and equipment | 23 | €5,377 | €410 | -€4,967 | -92.4% |
| Furniture and vehicles | 24 | €78,609 | €53,320 | -€25,289 | -32.2% |
| Leasing and similar rights | 25 | €17,597 | €3,164 | -€14,433 | -82.0% |
| Other tangible fixed assets | 26 | €51,042 | €40,654 | -€10,388 | -20.4% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €2,433,055 | €2,313,782 | -€119,273 | -4.9% |
| Stocks and contracts in progress | 3 | €718,343 | €708,402 | -€9,941 | -1.4% |
| Stocks | 30/36 | €718,343 | €708,402 | -€9,941 | -1.4% |
| Amounts receivable within one year | 40/41 | €1,038,372 | €1,168,678 | +€130,306 | +12.5% |
| Trade receivables | 40 | €891,281 | €1,002,466 | +€111,185 | +12.5% |
| Other amounts receivable | 41 | €147,091 | €166,212 | +€19,121 | +13.0% |
| Cash at bank and in hand | 54/58 | €675,685 | €433,078 | -€242,607 | -35.9% |
| Deferred charges and accrued income | 490/1 | €655 | €3,624 | +€2,969 | +453% |
| Total equity and liabilities | 10/49 | €2,597,974 | €2,420,405 | -€177,569 | -6.8% |
| Equity | 10/15 | €1,179,615 | €1,343,620 | +€164,005 | +13.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €542,608 | €706,613 | +€164,005 | +30.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €532,608 | €696,613 | +€164,005 | +30.8% |
| Profit (loss) carried forward | 14 | €537,007 | €537,007 | = | 0.0% |
| Amounts payable | 17/49 | €1,418,359 | €1,076,785 | -€341,574 | -24.1% |
| Amounts payable after more than one year | 17 | €388,575 | €360,000 | -€28,575 | -7.4% |
| Financial debts | 170/4 | €28,575 | - | -€28,575 | |
| Other amounts payable | 178/9 | €360,000 | €360,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,022,787 | €716,038 | -€306,749 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €63,245 | €34,825 | -€28,420 | -44.9% |
| Trade debts | 44 | €537,799 | €469,839 | -€67,960 | -12.6% |
| Suppliers | 440/4 | €537,799 | €469,839 | -€67,960 | -12.6% |
| Taxes, remuneration and social security | 45 | €245,953 | €137,704 | -€108,249 | -44.0% |
| Taxes | 450/3 | €191,245 | €74,339 | -€116,906 | -61.1% |
| Remuneration and social security | 454/9 | €54,708 | €63,365 | +€8,657 | +15.8% |
| Other amounts payable | 47/48 | €175,790 | €73,670 | -€102,120 | -58.1% |
| Accrued charges and deferred income | 492/3 | €6,997 | €747 | -€6,250 | -89.3% |
| Remuneration, social security and pensions | 62 | €282,573 | €346,053 | +€63,480 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,612 | €66,700 | -€912 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €106,468 | €95,955 | -€10,513 | -9.9% |
| Other operating charges | 640/8 | €17,500 | €6,846 | -€10,654 | -60.9% |
| Gross operating margin | 9900 | €788,857 | €770,852 | -€18,005 | -2.3% |
| Operating profit (loss) | 9901 | €314,704 | €255,298 | -€59,406 | -18.9% |
| Financial income | 75/76B | €8,604 | €13,332 | +€4,728 | +55.0% |
| Recurring financial income | 75 | €8,604 | €13,332 | +€4,728 | +55.0% |
| Financial charges | 65/66B | €28,690 | €27,380 | -€1,310 | -4.6% |
| Recurring financial charges | 65 | €28,690 | €27,380 | -€1,310 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €294,618 | €241,250 | -€53,368 | -18.1% |
| Income taxes | 67/77 | €95,705 | €77,245 | -€18,460 | -19.3% |
| Profit (loss) for the period | 9904 | €198,913 | €164,005 | -€34,908 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €198,913 | €164,005 | -€34,908 | -17.5% |
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 30 October 2026 via checked.be.