Tuberg: 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.
Tuberg
Largest movements
- Tangible fixed assets +€789,778
up €789,778 (+6.8%), from €11.6m to €12.4m
of which Land and buildings: +€758,720
- Other debts +€381,386
up €381,386 (+20.9%), from €1.8m to €2.2m
- Current portion of long-term debt +€315,383
up €315,383 (+123%), from €256,837 to €572,220
- Debts after one year +€275,206
up €275,206 (+2.9%), from €9.4m to €9.7m
- Gross operating margin +€105,128
up €105,128 (+19.2%), from €547,439 to €652,567
- Provisions +€40,000
no longer reported in 2025 (was -€40,000)
- Other operating charges +€26,182
up €26,182 (+115%), from €22,852 to €49,034
- Financial charges +€9,330
up €9,330 (+2.7%), from €347,206 to €356,536
- Staff costs +€9,092
new in 2025: €9,092
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 | €11,607,188 | €12,451,370 | +€844,183 | +7.3% |
| Fixed assets | 21/28 | €11,577,212 | €12,366,989 | +€789,778 | +6.8% |
| Tangible fixed assets | 22/27 | €11,577,212 | €12,366,989 | +€789,778 | +6.8% |
| Land and buildings | 22 | €11,577,212 | €12,335,932 | +€758,720 | +6.6% |
| Assets under construction and advance payments | 27 | - | €31,057 | +€31,057 | |
| Current assets | 29/58 | €29,976 | €84,381 | +€54,405 | +181% |
| Amounts receivable within one year | 40/41 | €6,562 | €38,780 | +€32,218 | +491% |
| Other amounts receivable | 41 | €6,562 | €38,780 | +€32,218 | +491% |
| Cash at bank and in hand | 54/58 | €21,477 | €41,657 | +€20,180 | +94.0% |
| Deferred charges and accrued income | 490/1 | €1,937 | €3,944 | +€2,007 | +104% |
| Total equity and liabilities | 10/49 | €11,607,188 | €12,451,370 | +€844,183 | +7.3% |
| Equity | 10/15 | -€4,759 | -€43,692 | -€38,933 | -818% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,759 | -€63,692 | -€38,933 | -157% |
| Amounts payable | 17/49 | €11,611,947 | €12,495,063 | +€883,116 | +7.6% |
| Amounts payable after more than one year | 17 | €9,380,205 | €9,655,411 | +€275,206 | +2.9% |
| Financial debts | 170/4 | €9,380,205 | €9,655,411 | +€275,206 | +2.9% |
| Amounts payable within one year | 42/48 | €2,181,798 | €2,789,708 | +€607,910 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €256,837 | €572,220 | +€315,383 | +123% |
| Trade debts | 44 | €99,143 | €7,481 | -€91,662 | -92.5% |
| Suppliers | 440/4 | €99,143 | €7,481 | -€91,662 | -92.5% |
| Taxes, remuneration and social security | 45 | - | €2,804 | +€2,804 | |
| Taxes | 450/3 | - | €50 | +€50 | |
| Remuneration and social security | 454/9 | - | €2,754 | +€2,754 | |
| Other amounts payable | 47/48 | €1,825,818 | €2,207,203 | +€381,386 | +20.9% |
| Accrued charges and deferred income | 492/3 | €49,944 | €49,944 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €9,092 | +€9,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,486 | €271,304 | +€8,818 | +3.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€40,000 | - | +€40,000 | |
| Other operating charges | 640/8 | €22,852 | €49,034 | +€26,182 | +115% |
| Gross operating margin | 9900 | €547,439 | €652,567 | +€105,128 | +19.2% |
| Operating profit (loss) | 9901 | €302,102 | €323,137 | +€21,036 | +7.0% |
| Financial income | 75/76B | €743 | - | -€743 | |
| Recurring financial income | 75 | €743 | - | -€743 | |
| Financial charges | 65/66B | €347,206 | €356,536 | +€9,330 | +2.7% |
| Recurring financial charges | 65 | €347,206 | €356,536 | +€9,330 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,362 | -€33,399 | +€10,963 | +24.7% |
| Income taxes | 67/77 | €12,559 | €5,534 | -€7,025 | -55.9% |
| Profit (loss) for the period | 9904 | -€56,921 | -€38,933 | +€17,988 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,921 | -€38,933 | +€17,988 | +31.6% |
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 13 October 2026 via checked.be.