TUGODECOR: 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.
TUGODECOR
Largest movements
- Tangible fixed assets -€7,017
down €7,017 (-8.4%), from €83,690 to €76,673
of which Land and buildings: -€4,697
- Cash -€2,480
down €2,480 (-41.8%), from €5,937 to €3,457
mainly Net result for the year (-€9,497)
- Profit (loss) carried forward -€9,497
down €9,497, from €1,714 to -€7,783
- Gross operating margin -€4,074
down €4,074, from €3,995 to -€79
- Depreciation +€2,027
up €2,027 (+40.6%), from €4,990 to €7,017
- Other operating charges +€71
up €71 (+3.1%), from €2,268 to €2,339
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 | €90,170 | €80,673 | -€9,497 | -10.5% |
| Fixed assets | 21/28 | €83,690 | €76,673 | -€7,017 | -8.4% |
| Tangible fixed assets | 22/27 | €83,690 | €76,673 | -€7,017 | -8.4% |
| Land and buildings | 22 | €67,910 | €63,213 | -€4,697 | -6.9% |
| Plant, machinery and equipment | 23 | €15,780 | €13,460 | -€2,320 | -14.7% |
| Current assets | 29/58 | €6,480 | €4,000 | -€2,480 | -38.3% |
| Cash at bank and in hand | 54/58 | €5,937 | €3,457 | -€2,480 | -41.8% |
| Deferred charges and accrued income | 490/1 | €543 | €543 | = | 0.0% |
| Total equity and liabilities | 10/49 | €90,170 | €80,673 | -€9,497 | -10.5% |
| Equity | 10/15 | €89,301 | €79,804 | -€9,497 | -10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,587 | €67,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,386 | €6,386 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €4,386 | €4,386 | = | 0.0% |
| Distributable reserves | 133 | €61,200 | €61,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,714 | -€7,783 | -€9,497 | |
| Amounts payable | 17/49 | €869 | €869 | = | 0.0% |
| Amounts payable within one year | 42/48 | €869 | €869 | = | 0.0% |
| Trade debts | 44 | €779 | €779 | = | 0.0% |
| Suppliers | 440/4 | €779 | €779 | = | 0.0% |
| Other amounts payable | 47/48 | €90 | €90 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €7,017 | +€2,027 | +40.6% |
| Other operating charges | 640/8 | €2,268 | €2,339 | +€71 | +3.1% |
| Gross operating margin | 9900 | €3,995 | -€79 | -€4,074 | |
| Operating profit (loss) | 9901 | -€3,263 | -€9,435 | -€6,172 | -189.1% |
| Financial charges | 65/66B | €56 | €62 | +€6 | +11.3% |
| Recurring financial charges | 65 | €56 | €62 | +€6 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,319 | -€9,497 | -€6,178 | -186.2% |
| Profit (loss) for the period | 9904 | -€3,319 | -€9,497 | -€6,178 | -186.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,319 | -€9,497 | -€6,178 | -186.2% |
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 5 October 2026 via checked.be.