TUINDECO: 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.
TUINDECO
Largest movements
- Tangible fixed assets +€142,742
up €142,742 (+37.6%), from €379,861 to €522,603
of which Land and buildings: +€142,879
- Receivables within one year +€30,030
up €30,030 (+373.2%), from €8,046 to €38,076
of which Trade receivables: +€30,694
- Debts after one year +€91,874
up €91,874 (+237.0%), from €38,773 to €130,647
- Short-term financial debts +€57,257
up €57,257 (+832.8%), from €6,875 to €64,132
- Current portion of long-term debt -€18,248
down €18,248 (-39.5%), from €46,177 to €27,929
- Reserves +€17,459
up €17,459 (+6.2%), from €279,859 to €297,318
of which Distributable reserves: +€18,651
- Trade debts +€14,127
up €14,127 (+76.1%), from €18,572 to €32,699
- Other operating charges +€7,270
up €7,270 (+96.8%), from €7,512 to €14,782
- Taxes -€6,064
down €6,064 (-37.0%), from €16,400 to €10,336
- Gross operating margin -€5,416
down €5,416 (-7.7%), from €70,101 to €64,685
- Financial charges +€4,972
up €4,972 (+144.3%), from €3,446 to €8,417
- Depreciation +€2,052
up €2,052 (+16.1%), from €12,706 to €14,758
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 | €447,396 | €612,455 | +€165,059 | +36.9% |
| Fixed assets | 21/28 | €381,447 | €523,823 | +€142,376 | +37.3% |
| Tangible fixed assets | 22/27 | €379,861 | €522,603 | +€142,742 | +37.6% |
| Land and buildings | 22 | €379,724 | €522,603 | +€142,879 | +37.6% |
| Plant, machinery and equipment | 23 | €137 | €0 | -€137 | -100.0% |
| Financial fixed assets | 28 | €1,586 | €1,220 | -€366 | -23.1% |
| Current assets | 29/58 | €65,949 | €88,632 | +€22,683 | +34.4% |
| Stocks and contracts in progress | 3 | €51,060 | €47,638 | -€3,422 | -6.7% |
| Stocks | 30/36 | €51,060 | €47,638 | -€3,422 | -6.7% |
| Amounts receivable within one year | 40/41 | €8,046 | €38,076 | +€30,030 | +373.2% |
| Trade receivables | 40 | €5,794 | €36,489 | +€30,694 | +529.7% |
| Other amounts receivable | 41 | €2,252 | €1,588 | -€664 | -29.5% |
| Cash at bank and in hand | 54/58 | €1,295 | €781 | -€515 | -39.7% |
| Deferred charges and accrued income | 490/1 | €5,548 | €2,138 | -€3,410 | -61.5% |
| Total equity and liabilities | 10/49 | €447,396 | €612,455 | +€165,059 | +36.9% |
| Equity | 10/15 | €300,297 | €317,756 | +€17,459 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €279,859 | €297,318 | +€17,459 | +6.2% |
| Tax-exempt reserves | 132 | €28,224 | €27,032 | -€1,192 | -4.2% |
| Distributable reserves | 133 | €251,635 | €270,286 | +€18,651 | +7.4% |
| Profit (loss) carried forward | 14 | €1,837 | €1,837 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14,533 | €13,919 | -€614 | -4.2% |
| Deferred taxes | 168 | €14,533 | €13,919 | -€614 | -4.2% |
| Amounts payable | 17/49 | €132,566 | €280,780 | +€148,214 | +111.8% |
| Amounts payable after more than one year | 17 | €38,773 | €130,647 | +€91,874 | +237.0% |
| Financial debts | 170/4 | €38,773 | €130,647 | +€91,874 | +237.0% |
| Amounts payable within one year | 42/48 | €93,793 | €146,439 | +€52,646 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €46,177 | €27,929 | -€18,248 | -39.5% |
| Financial debts | 43 | €6,875 | €64,132 | +€57,257 | +832.8% |
| Credit institutions | 430/8 | €6,875 | €64,132 | +€57,257 | +832.8% |
| Trade debts | 44 | €18,572 | €32,699 | +€14,127 | +76.1% |
| Suppliers | 440/4 | €18,572 | €32,699 | +€14,127 | +76.1% |
| Taxes, remuneration and social security | 45 | €16,247 | €20,192 | +€3,944 | +24.3% |
| Taxes | 450/3 | €13,247 | €18,692 | +€5,444 | +41.1% |
| Remuneration and social security | 454/9 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Other amounts payable | 47/48 | €5,922 | €1,487 | -€4,435 | -74.9% |
| Accrued charges and deferred income | 492/3 | - | €3,694 | +€3,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,706 | €14,758 | +€2,052 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€408 | -€298 | +€110 | +27.0% |
| Other operating charges | 640/8 | €7,512 | €14,782 | +€7,270 | +96.8% |
| Gross operating margin | 9900 | €70,101 | €64,685 | -€5,416 | -7.7% |
| Operating profit (loss) | 9901 | €50,290 | €35,443 | -€14,847 | -29.5% |
| Financial income | 75/76B | €3 | €156 | +€153 | +6128.4% |
| Recurring financial income | 75 | €3 | €156 | +€153 | +6128.4% |
| Financial charges | 65/66B | €3,446 | €8,417 | +€4,972 | +144.3% |
| Recurring financial charges | 65 | €3,446 | €8,417 | +€4,972 | +144.3% |
| Profit (loss) for the period before taxes | 9903 | €46,847 | €27,181 | -€19,666 | -42.0% |
| Transfer from deferred taxes | 780 | €608 | €614 | +€6 | +1.0% |
| Income taxes | 67/77 | €16,400 | €10,336 | -€6,064 | -37.0% |
| Profit (loss) for the period | 9904 | €31,055 | €17,459 | -€13,596 | -43.8% |
| Transfer from tax-exempt reserves | 789 | €1,180 | €1,192 | +€12 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,235 | €18,651 | -€13,584 | -42.1% |
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 8 October 2026 via checked.be.