TUINDERIJ: 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.
TUINDERIJ
Largest movements
- Tangible fixed assets +€110,052
up €110,052 (+47.7%), from €230,674 to €340,726
of which Furniture and vehicles: +€110,504
- Current investments +€20,938
up €20,938 (+550.5%), from €3,803 to €24,742
- Receivables within one year +€20,834
up €20,834 (+59.6%), from €34,963 to €55,798
of which Trade receivables: +€23,322
- Deferred charges and accrued income +€20,283
up €20,283 (+236.0%), from €8,596 to €28,879
- Cash -€10,889
down €10,889 (-33.3%), from €32,699 to €21,810
mainly Investment in fixed assets (net) (-€175,385) and Current investments (-€20,938)
- Debts after one year +€122,249
up €122,249 (+67.2%), from €181,825 to €304,074
- Current portion of long-term debt +€13,621
up €13,621 (+28.9%), from €47,141 to €60,762
- Trade debts +€13,128
up €13,128 (+30.4%), from €43,245 to €56,373
- Reserves +€11,577
up €11,577 (+40.0%), from €28,967 to €40,545
- Other debts -€7,978
down €7,978 (-47.5%), from €16,808 to €8,830
- Depreciation +€29,242
up €29,242 (+81.2%), from €36,004 to €65,246
- Gross operating margin +€24,948
up €24,948 (+37.6%), from €66,263 to €91,211
- Financial charges -€16,019
down €16,019 (-62.6%), from €25,580 to €9,562
of which Non-recurring financial charges: -€20,540
- Taxes +€1,036
up €1,036 (+96.3%), from €1,076 to €2,112
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 | €318,252 | €472,088 | +€153,836 | +48.3% |
| Fixed assets | 21/28 | €230,722 | €340,861 | +€110,139 | +47.7% |
| Intangible fixed assets | 21 | €48 | - | -€48 | |
| Tangible fixed assets | 22/27 | €230,674 | €340,726 | +€110,052 | +47.7% |
| Land and buildings | 22 | €168,801 | €162,084 | -€6,718 | -4.0% |
| Plant, machinery and equipment | 23 | €22,372 | €43,495 | +€21,122 | +94.4% |
| Furniture and vehicles | 24 | €20,182 | €130,686 | +€110,504 | +547.5% |
| Leasing and similar rights | 25 | €19,318 | €4,461 | -€14,857 | -76.9% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €87,530 | €131,227 | +€43,697 | +49.9% |
| Stocks and contracts in progress | 3 | €7,469 | - | -€7,469 | |
| Stocks | 30/36 | €7,469 | - | -€7,469 | |
| Amounts receivable within one year | 40/41 | €34,963 | €55,798 | +€20,834 | +59.6% |
| Trade receivables | 40 | €30,181 | €53,502 | +€23,322 | +77.3% |
| Other amounts receivable | 41 | €4,782 | €2,295 | -€2,487 | -52.0% |
| Current investments | 50/53 | €3,803 | €24,742 | +€20,938 | +550.5% |
| Cash at bank and in hand | 54/58 | €32,699 | €21,810 | -€10,889 | -33.3% |
| Deferred charges and accrued income | 490/1 | €8,596 | €28,879 | +€20,283 | +236.0% |
| Total equity and liabilities | 10/49 | €318,252 | €472,088 | +€153,836 | +48.3% |
| Equity | 10/15 | €29,067 | €40,645 | +€11,577 | +39.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €28,967 | €40,545 | +€11,577 | +40.0% |
| Distributable reserves | 133 | €28,967 | €40,545 | +€11,577 | +40.0% |
| Amounts payable | 17/49 | €289,185 | €431,443 | +€142,258 | +49.2% |
| Amounts payable after more than one year | 17 | €181,825 | €304,074 | +€122,249 | +67.2% |
| Financial debts | 170/4 | €181,825 | €304,074 | +€122,249 | +67.2% |
| Amounts payable within one year | 42/48 | €107,360 | €127,369 | +€20,009 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €47,141 | €60,762 | +€13,621 | +28.9% |
| Trade debts | 44 | €43,245 | €56,373 | +€13,128 | +30.4% |
| Suppliers | 440/4 | €43,245 | €56,373 | +€13,128 | +30.4% |
| Taxes, remuneration and social security | 45 | €166 | €1,404 | +€1,238 | +745.6% |
| Taxes | 450/3 | €166 | €1,404 | +€1,238 | +745.6% |
| Other amounts payable | 47/48 | €16,808 | €8,830 | -€7,978 | -47.5% |
| Remuneration, social security and pensions | 62 | €184 | €445 | +€261 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,004 | €65,246 | +€29,242 | +81.2% |
| Other operating charges | 640/8 | €1,728 | €2,309 | +€581 | +33.6% |
| Gross operating margin | 9900 | €66,263 | €91,211 | +€24,948 | +37.6% |
| Operating profit (loss) | 9901 | €28,348 | €23,211 | -€5,137 | -18.1% |
| Financial income | 75/76B | €3 | €40 | +€37 | +1124.8% |
| Recurring financial income | 75 | €3 | €40 | +€37 | +1124.8% |
| Financial charges | 65/66B | €25,580 | €9,562 | -€16,019 | -62.6% |
| Recurring financial charges | 65 | €5,040 | €9,562 | +€4,522 | +89.7% |
| Non-recurring financial charges | 66B | €20,540 | - | -€20,540 | |
| Profit (loss) for the period before taxes | 9903 | €2,771 | €13,689 | +€10,919 | +394.1% |
| Income taxes | 67/77 | €1,076 | €2,112 | +€1,036 | +96.3% |
| Profit (loss) for the period | 9904 | €1,695 | €11,577 | +€9,882 | +583.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,695 | €11,577 | +€9,882 | +583.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.