TUINEN COUDRON: 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 COUDRON
Largest movements
- Receivables within one year +€106,434
up €106,434 (+96.1%), from €110,748 to €217,182
of which Trade receivables: +€106,380
- Cash +€36,018
up €36,018 (+50.9%), from €70,829 to €106,847
mainly Net result for the year (+€74,418) and Trade debts (+€43,127)
- Tangible fixed assets -€16,236
down €16,236 (-13.2%), from €123,329 to €107,093
- Reserves +€73,418
up €73,418 (+61.2%), from €119,998 to €193,416
- Trade debts +€43,127
up €43,127 (+114%), from €37,892 to €81,019
- Tax, wage and social debts +€24,929
up €24,929 (+432%), from €5,774 to €30,704
- Debts after one year -€16,466
down €16,466 (-17.6%), from €93,299 to €76,833
- Gross operating margin +€63,258
up €63,258 (+39.6%), from €159,685 to €222,943
- Staff costs +€26,736
up €26,736 (+38.5%), from €69,478 to €96,215
- Taxes +€8,552
up €8,552 (+81.2%), from €10,535 to €19,087
- Depreciation -€3,619
down €3,619 (-11.5%), from €31,351 to €27,732
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 | €324,760 | €450,354 | +€125,594 | +38.7% |
| Fixed assets | 21/28 | €123,329 | €107,093 | -€16,236 | -13.2% |
| Tangible fixed assets | 22/27 | €123,329 | €107,093 | -€16,236 | -13.2% |
| Land and buildings | 22 | €77,818 | €70,566 | -€7,252 | -9.3% |
| Plant, machinery and equipment | 23 | €26,599 | €20,500 | -€6,099 | -22.9% |
| Furniture and vehicles | 24 | €18,912 | €16,027 | -€2,885 | -15.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €201,431 | €343,261 | +€141,829 | +70.4% |
| Stocks and contracts in progress | 3 | €13,374 | €13,017 | -€358 | -2.7% |
| Stocks | 30/36 | €13,374 | €13,017 | -€358 | -2.7% |
| Amounts receivable within one year | 40/41 | €110,748 | €217,182 | +€106,434 | +96.1% |
| Trade receivables | 40 | €110,014 | €216,393 | +€106,380 | +96.7% |
| Other amounts receivable | 41 | €734 | €789 | +€55 | +7.4% |
| Cash at bank and in hand | 54/58 | €70,829 | €106,847 | +€36,018 | +50.9% |
| Deferred charges and accrued income | 490/1 | €6,480 | €6,215 | -€265 | -4.1% |
| Total equity and liabilities | 10/49 | €324,760 | €450,354 | +€125,594 | +38.7% |
| Equity | 10/15 | €138,598 | €212,016 | +€73,418 | +53.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,998 | €193,416 | +€73,418 | +61.2% |
| Distributable reserves | 133 | €119,998 | €193,416 | +€73,418 | +61.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,162 | €238,338 | +€52,176 | +28.0% |
| Amounts payable after more than one year | 17 | €93,299 | €76,833 | -€16,466 | -17.6% |
| Financial debts | 170/4 | €93,299 | €76,833 | -€16,466 | -17.6% |
| Amounts payable within one year | 42/48 | €92,863 | €161,505 | +€68,641 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €16,803 | €17,100 | +€297 | +1.8% |
| Trade debts | 44 | €37,892 | €81,019 | +€43,127 | +114% |
| Suppliers | 440/4 | €37,892 | €81,019 | +€43,127 | +114% |
| Taxes, remuneration and social security | 45 | €5,774 | €30,704 | +€24,929 | +432% |
| Taxes | 450/3 | €5,774 | €30,704 | +€24,929 | +432% |
| Other amounts payable | 47/48 | €32,394 | €32,683 | +€288 | +0.9% |
| Remuneration, social security and pensions | 62 | €69,478 | €96,215 | +€26,736 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,351 | €27,732 | -€3,619 | -11.5% |
| Other operating charges | 640/8 | €2,199 | €2,121 | -€78 | -3.6% |
| Non-recurring operating charges | 66A | - | €2,038 | +€2,038 | |
| Gross operating margin | 9900 | €159,685 | €222,943 | +€63,258 | +39.6% |
| Operating profit (loss) | 9901 | €56,657 | €94,838 | +€38,181 | +67.4% |
| Financial income | 75/76B | €704 | €798 | +€94 | +13.4% |
| Recurring financial income | 75 | €704 | €798 | +€94 | +13.4% |
| Financial charges | 65/66B | €2,544 | €2,131 | -€413 | -16.2% |
| Recurring financial charges | 65 | €2,544 | €2,131 | -€413 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €54,817 | €93,505 | +€38,688 | +70.6% |
| Income taxes | 67/77 | €10,535 | €19,087 | +€8,552 | +81.2% |
| Profit (loss) for the period | 9904 | €44,282 | €74,418 | +€30,136 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,282 | €74,418 | +€30,136 | +68.1% |
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 17 October 2026 via checked.be.