Tuinen Cottyn: 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.
Tuinen Cottyn
Largest movements
- Cash +€69,053
up €69,053 (+63.3%), from €109,031 to €178,084
mainly Depreciation (+€42,086) and Net result for the year (+€41,274)
- Tangible fixed assets -€42,036
down €42,036 (-34.5%), from €121,786 to €79,750
of which Furniture and vehicles: -€23,354
- Receivables within one year +€4,378
up €4,378 (+37.4%), from €11,690 to €16,068
- Reserves +€40,441
up €40,441 (+45.5%), from €88,963 to €129,404
- Trade debts +€12,232
up €12,232 (+74.8%), from €16,344 to €28,576
- Debts after one year -€10,210
down €10,210 (-29.0%), from €35,173 to €24,963
- Tax, wage and social debts -€7,218
down €7,218 (-18.2%), from €39,712 to €32,493
of which Taxes: -€12,097
- Current portion of long-term debt -€3,844
down €3,844 (-27.3%), from €14,053 to €10,210
- Gross operating margin +€94,165
up €94,165 (+68.2%), from €138,063 to €232,228
- Staff costs +€61,974
up €61,974 (+103%), from €60,059 to €122,033
- Financial charges +€6,589
up €6,589 (+231%), from €2,850 to €9,439
- Taxes +€6,133
up €6,133 (+64.8%), from €9,462 to €15,595
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 | €243,184 | €274,529 | +€31,345 | +12.9% |
| Fixed assets | 21/28 | €121,863 | €79,777 | -€42,086 | -34.5% |
| Intangible fixed assets | 21 | €77 | €27 | -€50 | -65.2% |
| Tangible fixed assets | 22/27 | €121,786 | €79,750 | -€42,036 | -34.5% |
| Plant, machinery and equipment | 23 | €16,690 | €8,950 | -€7,740 | -46.4% |
| Furniture and vehicles | 24 | €73,379 | €50,025 | -€23,354 | -31.8% |
| Leasing and similar rights | 25 | €31,718 | €20,775 | -€10,942 | -34.5% |
| Current assets | 29/58 | €121,321 | €194,753 | +€73,431 | +60.5% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,690 | €16,068 | +€4,378 | +37.4% |
| Trade receivables | 40 | €11,690 | €16,068 | +€4,378 | +37.4% |
| Cash at bank and in hand | 54/58 | €109,031 | €178,084 | +€69,053 | +63.3% |
| Total equity and liabilities | 10/49 | €243,184 | €274,529 | +€31,345 | +12.9% |
| Equity | 10/15 | €91,463 | €131,904 | +€40,441 | +44.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €88,963 | €129,404 | +€40,441 | +45.5% |
| Distributable reserves | 133 | €88,963 | €129,404 | +€40,441 | +45.5% |
| Amounts payable | 17/49 | €151,721 | €142,625 | -€9,096 | -6.0% |
| Amounts payable after more than one year | 17 | €35,173 | €24,963 | -€10,210 | -29.0% |
| Financial debts | 170/4 | €35,173 | €24,963 | -€10,210 | -29.0% |
| Amounts payable within one year | 42/48 | €116,548 | €117,662 | +€1,114 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €14,053 | €10,210 | -€3,844 | -27.3% |
| Trade debts | 44 | €16,344 | €28,576 | +€12,232 | +74.8% |
| Suppliers | 440/4 | €16,344 | €28,576 | +€12,232 | +74.8% |
| Taxes, remuneration and social security | 45 | €39,712 | €32,493 | -€7,218 | -18.2% |
| Taxes | 450/3 | €30,372 | €18,275 | -€12,097 | -39.8% |
| Remuneration and social security | 454/9 | €9,340 | €14,218 | +€4,878 | +52.2% |
| Other amounts payable | 47/48 | €46,439 | €46,383 | -€56 | -0.1% |
| Remuneration, social security and pensions | 62 | €60,059 | €122,033 | +€61,974 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,124 | €42,086 | -€38 | -0.1% |
| Other operating charges | 640/8 | €1,579 | €1,801 | +€222 | +14.1% |
| Gross operating margin | 9900 | €138,063 | €232,228 | +€94,165 | +68.2% |
| Operating profit (loss) | 9901 | €34,301 | €66,308 | +€32,007 | +93.3% |
| Financial charges | 65/66B | €2,850 | €9,439 | +€6,589 | +231% |
| Recurring financial charges | 65 | €2,850 | €9,439 | +€6,589 | +231% |
| Profit (loss) for the period before taxes | 9903 | €31,451 | €56,869 | +€25,418 | +80.8% |
| Income taxes | 67/77 | €9,462 | €15,595 | +€6,133 | +64.8% |
| Profit (loss) for the period | 9904 | €21,989 | €41,274 | +€19,285 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,989 | €41,274 | +€19,285 | +87.7% |
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 21 October 2026 via checked.be.