TUINARCHITECTENGROEP E.C.O.: what changed
TUINARCHITECTENGROEP E.C.O.
Largest movements
- Receivables within one year -€127,464
down €127,464 (-56.6%), from €225,087 to €97,623
of which Trade receivables: -€122,804
- Cash +€25,389
up €25,389 (+13.7%), from €185,790 to €211,179
mainly Receivables within one year (+€127,464) and Depreciation (+€16,695)
- Tangible fixed assets -€16,695
down €16,695 (-12.8%), from €130,924 to €114,229
of which Leasing and similar rights: -€11,970
- Deferred charges and accrued income +€11,138
up €11,138 (+268%), from €4,151 to €15,288
- Trade debts -€98,347
down €98,347 (-56.1%), from €175,222 to €76,875
- Tax, wage and social debts -€21,179
down €21,179 (-66.5%), from €31,845 to €10,666
of which Remuneration and social security: -€11,238
- Other debts +€13,034
up €13,034 (+53.9%), from €24,184 to €37,218
- Debts after one year -€7,493
down €7,493 (-5.5%), from €137,214 to €129,721
of which Financial debts: -€12,493
- Reserves +€6,444
up €6,444 (+10.6%), from €60,538 to €66,982
- Gross operating margin -€62,089
down €62,089 (-51.5%), from €120,551 to €58,462
- Staff costs -€11,755
down €11,755 (-32.2%), from €36,510 to €24,754
- Other operating charges +€1,367
up €1,367 (+98.8%), from €1,383 to €2,749
- Financial income -€1,336
down €1,336 (-61.6%), from €2,170 to €833
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,528 | €440,975 | -€107,554 | -19.6% |
| Fixed assets | 21/28 | €133,501 | €116,885 | -€16,616 | -12.4% |
| Tangible fixed assets | 22/27 | €130,924 | €114,229 | -€16,695 | -12.8% |
| Plant, machinery and equipment | 23 | €8,384 | €7,371 | -€1,013 | -12.1% |
| Furniture and vehicles | 24 | €4,419 | €2,401 | -€2,019 | -45.7% |
| Leasing and similar rights | 25 | €101,737 | €89,768 | -€11,970 | -11.8% |
| Other tangible fixed assets | 26 | €16,384 | €14,690 | -€1,694 | -10.3% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,577 | €2,656 | +€79 | +3.1% |
| Current assets | 29/58 | €415,027 | €324,090 | -€90,937 | -21.9% |
| Amounts receivable within one year | 40/41 | €225,087 | €97,623 | -€127,464 | -56.6% |
| Trade receivables | 40 | €196,472 | €73,668 | -€122,804 | -62.5% |
| Other amounts receivable | 41 | €28,614 | €23,954 | -€4,660 | -16.3% |
| Cash at bank and in hand | 54/58 | €185,790 | €211,179 | +€25,389 | +13.7% |
| Deferred charges and accrued income | 490/1 | €4,151 | €15,288 | +€11,138 | +268% |
| Total equity and liabilities | 10/49 | €548,528 | €440,975 | -€107,554 | -19.6% |
| Equity | 10/15 | €162,282 | €168,726 | +€6,444 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,538 | €66,982 | +€6,444 | +10.6% |
| Distributable reserves | 133 | €60,538 | €66,982 | +€6,444 | +10.6% |
| Profit (loss) carried forward | 14 | €83,143 | €83,143 | = | 0.0% |
| Amounts payable | 17/49 | €386,247 | €272,249 | -€113,998 | -29.5% |
| Amounts payable after more than one year | 17 | €137,214 | €129,721 | -€7,493 | -5.5% |
| Financial debts | 170/4 | €67,693 | €55,200 | -€12,493 | -18.5% |
| Other amounts payable | 178/9 | €69,521 | €74,521 | +€5,000 | +7.2% |
| Amounts payable within one year | 42/48 | €243,457 | €137,252 | -€106,205 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €12,207 | €12,493 | +€286 | +2.3% |
| Trade debts | 44 | €175,222 | €76,875 | -€98,347 | -56.1% |
| Suppliers | 440/4 | €175,222 | €76,875 | -€98,347 | -56.1% |
| Taxes, remuneration and social security | 45 | €31,845 | €10,666 | -€21,179 | -66.5% |
| Taxes | 450/3 | €20,607 | €10,666 | -€9,941 | -48.2% |
| Remuneration and social security | 454/9 | €11,238 | €0 | -€11,238 | -100% |
| Other amounts payable | 47/48 | €24,184 | €37,218 | +€13,034 | +53.9% |
| Accrued charges and deferred income | 492/3 | €5,576 | €5,276 | -€300 | -5.4% |
| Remuneration, social security and pensions | 62 | €36,510 | €24,754 | -€11,755 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,933 | €16,695 | +€762 | +4.8% |
| Other operating charges | 640/8 | €1,383 | €2,749 | +€1,367 | +98.8% |
| Non-recurring operating charges | 66A | €86,196 | - | -€86,196 | |
| Gross operating margin | 9900 | €120,551 | €58,462 | -€62,089 | -51.5% |
| Operating profit (loss) | 9901 | -€19,470 | €14,263 | +€33,733 | |
| Financial income | 75/76B | €2,170 | €833 | -€1,336 | -61.6% |
| Recurring financial income | 75 | €2,170 | €833 | -€1,336 | -61.6% |
| Financial charges | 65/66B | €8,946 | €7,844 | -€1,102 | -12.3% |
| Recurring financial charges | 65 | €8,946 | €7,844 | -€1,102 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,247 | €7,252 | +€33,499 | |
| Income taxes | 67/77 | €155 | €808 | +€653 | +421% |
| Profit (loss) for the period | 9904 | -€26,402 | €6,444 | +€32,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,402 | €6,444 | +€32,846 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.