TUINCENTRUM SECO: 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.
TUINCENTRUM SECO
Largest movements
- Current investments +€155,500
up €155,500 (+124%), from €125,000 to €280,500
- Cash -€107,513
down €107,513 (-14.8%), from €724,695 to €617,182
mainly Current investments (-€155,500) and Contributions, distributions and other (-€135,121)
- Receivables within one year +€52,767
up €52,767 (+337%), from €15,652 to €68,419
of which Trade receivables: +€52,812
- Tangible fixed assets -€24,713
down €24,713 (-11.9%), from €208,196 to €183,483
of which Land and buildings: -€20,007
- Stocks and contracts -€22,665
down €22,665 (-18.3%), from €123,916 to €101,251
- Reserves +€48,141
up €48,141 (+5.5%), from €881,002 to €929,143
- Tax, wage and social debts +€36,257
up €36,257 (+68.8%), from €52,716 to €88,973
of which Taxes: +€37,472
- Other debts -€18,650
down €18,650 (-46.2%), from €40,371 to €21,720
- Debts after one year -€16,567
down €16,567 (-13.3%), from €124,122 to €107,555
- Gross operating margin +€18,457
up €18,457 (+4.9%), from €380,505 to €398,963
- Staff costs +€9,158
up €9,158 (+10.3%), from €89,339 to €98,497
- Financial charges -€5,303
down €5,303 (-35.3%), from €15,006 to €9,703
- Taxes +€4,596
up €4,596 (+6.1%), from €75,018 to €79,614
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 | €1,203,107 | €1,256,747 | +€53,640 | +4.5% |
| Fixed assets | 21/28 | €209,471 | €184,758 | -€24,713 | -11.8% |
| Tangible fixed assets | 22/27 | €208,196 | €183,483 | -€24,713 | -11.9% |
| Land and buildings | 22 | €168,834 | €148,826 | -€20,007 | -11.9% |
| Plant, machinery and equipment | 23 | €1,962 | €1,314 | -€647 | -33.0% |
| Other tangible fixed assets | 26 | €37,401 | €33,342 | -€4,059 | -10.9% |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €993,636 | €1,071,990 | +€78,354 | +7.9% |
| Stocks and contracts in progress | 3 | €123,916 | €101,251 | -€22,665 | -18.3% |
| Stocks | 30/36 | €123,916 | €101,251 | -€22,665 | -18.3% |
| Amounts receivable within one year | 40/41 | €15,652 | €68,419 | +€52,767 | +337% |
| Trade receivables | 40 | €12,093 | €64,905 | +€52,812 | +437% |
| Other amounts receivable | 41 | €3,558 | €3,514 | -€45 | -1.3% |
| Current investments | 50/53 | €125,000 | €280,500 | +€155,500 | +124% |
| Cash at bank and in hand | 54/58 | €724,695 | €617,182 | -€107,513 | -14.8% |
| Deferred charges and accrued income | 490/1 | €4,374 | €4,639 | +€265 | +6.1% |
| Total equity and liabilities | 10/49 | €1,203,107 | €1,256,747 | +€53,640 | +4.5% |
| Equity | 10/15 | €899,602 | €947,743 | +€48,141 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €881,002 | €929,143 | +€48,141 | +5.5% |
| Distributable reserves | 133 | €881,002 | €929,143 | +€48,141 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,505 | €309,004 | +€5,500 | +1.8% |
| Amounts payable after more than one year | 17 | €124,122 | €107,555 | -€16,567 | -13.3% |
| Financial debts | 170/4 | €124,122 | €107,555 | -€16,567 | -13.3% |
| Amounts payable within one year | 42/48 | €179,382 | €201,449 | +€22,067 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €15,758 | €16,567 | +€809 | +5.1% |
| Trade debts | 44 | €55,860 | €57,949 | +€2,090 | +3.7% |
| Suppliers | 440/4 | €55,860 | €57,949 | +€2,090 | +3.7% |
| Advances received on contracts in progress | 46 | €14,678 | €16,239 | +€1,561 | +10.6% |
| Taxes, remuneration and social security | 45 | €52,716 | €88,973 | +€36,257 | +68.8% |
| Taxes | 450/3 | €37,297 | €74,769 | +€37,472 | +100% |
| Remuneration and social security | 454/9 | €15,419 | €14,204 | -€1,214 | -7.9% |
| Other amounts payable | 47/48 | €40,371 | €21,720 | -€18,650 | -46.2% |
| Remuneration, social security and pensions | 62 | €89,339 | €98,497 | +€9,158 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,693 | €28,703 | +€1,010 | +3.6% |
| Other operating charges | 640/8 | €5,042 | €5,340 | +€297 | +5.9% |
| Gross operating margin | 9900 | €380,505 | €398,963 | +€18,457 | +4.9% |
| Operating profit (loss) | 9901 | €258,431 | €266,423 | +€7,992 | +3.1% |
| Financial income | 75/76B | €5,291 | €6,156 | +€865 | +16.4% |
| Recurring financial income | 75 | €5,291 | €6,156 | +€865 | +16.4% |
| Financial charges | 65/66B | €15,006 | €9,703 | -€5,303 | -35.3% |
| Recurring financial charges | 65 | €15,006 | €9,703 | -€5,303 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €248,716 | €262,876 | +€14,160 | +5.7% |
| Income taxes | 67/77 | €75,018 | €79,614 | +€4,596 | +6.1% |
| Profit (loss) for the period | 9904 | €173,698 | €183,262 | +€9,564 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €173,698 | €183,262 | +€9,564 | +5.5% |
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 28 October 2026 via checked.be.