TUIN SOLUTIONS: what changed
TUIN SOLUTIONS
Largest movements
- Receivables within one year -€19,987
down €19,987 (-19.7%), from €101,593 to €81,606
of which Trade receivables: -€19,795
- Tangible fixed assets +€3,634
up €3,634 (+12.9%), from €28,224 to €31,858
of which Plant, machinery and equipment: +€5,858
- Cash -€2,893
down €2,893 (-37.4%), from €7,739 to €4,846
mainly Tax, wage and social debts (-€20,972) and Investment in fixed assets (net) (-€12,169)
- Tax, wage and social debts -€20,972
down €20,972 (-45.9%), from €45,646 to €24,674
of which Remuneration and social security: -€24,058
- Profit (loss) carried forward +€8,396
up €8,396 (+30.2%), from €27,836 to €36,232
- Other debts -€6,518
down €6,518 (-43.9%), from €14,838 to €8,320
- Short-term financial debts -€1,580
down €1,580 (-9.7%), from €16,300 to €14,720
- Trade debts +€1,475
up €1,475 (+67.6%), from €2,182 to €3,657
- Gross operating margin -€32,918
down €32,918 (-43.4%), from €75,820 to €42,902
- Staff costs -€13,518
down €13,518 (-38.3%), from €35,322 to €21,803
- Taxes -€5,507
down €5,507 (-66.7%), from €8,253 to €2,746
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,600 | €119,401 | -€19,198 | -13.9% |
| Fixed assets | 21/28 | €28,339 | €31,973 | +€3,634 | +12.8% |
| Tangible fixed assets | 22/27 | €28,224 | €31,858 | +€3,634 | +12.9% |
| Plant, machinery and equipment | 23 | €11,400 | €17,258 | +€5,858 | +51.4% |
| Furniture and vehicles | 24 | €16,824 | €14,600 | -€2,224 | -13.2% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €110,261 | €87,428 | -€22,833 | -20.7% |
| Stocks and contracts in progress | 3 | €222 | €222 | = | 0.0% |
| Stocks | 30/36 | €222 | €222 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,593 | €81,606 | -€19,987 | -19.7% |
| Trade receivables | 40 | €101,161 | €81,366 | -€19,795 | -19.6% |
| Other amounts receivable | 41 | €431 | €240 | -€191 | -44.4% |
| Cash at bank and in hand | 54/58 | €7,739 | €4,846 | -€2,893 | -37.4% |
| Deferred charges and accrued income | 490/1 | €707 | €755 | +€48 | +6.7% |
| Total equity and liabilities | 10/49 | €138,600 | €119,401 | -€19,198 | -13.9% |
| Equity | 10/15 | €59,003 | €67,400 | +€8,396 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,968 | €24,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,108 | €23,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,836 | €36,232 | +€8,396 | +30.2% |
| Amounts payable | 17/49 | €79,596 | €52,002 | -€27,595 | -34.7% |
| Amounts payable within one year | 42/48 | €78,966 | €51,372 | -€27,595 | -34.9% |
| Financial debts | 43 | €16,300 | €14,720 | -€1,580 | -9.7% |
| Other loans | 439 | €16,300 | €14,720 | -€1,580 | -9.7% |
| Trade debts | 44 | €2,182 | €3,657 | +€1,475 | +67.6% |
| Suppliers | 440/4 | €2,182 | €3,657 | +€1,475 | +67.6% |
| Taxes, remuneration and social security | 45 | €45,646 | €24,674 | -€20,972 | -45.9% |
| Taxes | 450/3 | €14,886 | €17,972 | +€3,086 | +20.7% |
| Remuneration and social security | 454/9 | €30,761 | €6,702 | -€24,058 | -78.2% |
| Other amounts payable | 47/48 | €14,838 | €8,320 | -€6,518 | -43.9% |
| Accrued charges and deferred income | 492/3 | €630 | €630 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,322 | €21,803 | -€13,518 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,677 | €8,534 | -€143 | -1.6% |
| Other operating charges | 640/8 | €1,322 | €1,218 | -€104 | -7.9% |
| Gross operating margin | 9900 | €75,820 | €42,902 | -€32,918 | -43.4% |
| Operating profit (loss) | 9901 | €30,499 | €11,346 | -€19,152 | -62.8% |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.6% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.6% |
| Financial charges | 65/66B | €399 | €205 | -€194 | -48.7% |
| Recurring financial charges | 65 | €399 | €205 | -€194 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €30,123 | €11,142 | -€18,981 | -63.0% |
| Income taxes | 67/77 | €8,253 | €2,746 | -€5,507 | -66.7% |
| Profit (loss) for the period | 9904 | €21,870 | €8,396 | -€13,474 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,870 | €8,396 | -€13,474 | -61.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.