TUINEN DE STAERCKE: what changed
TUINEN DE STAERCKE
Largest movements
- Receivables within one year -€280,581
down €280,581 (-54.0%), from €520,056 to €239,475
of which Trade receivables: -€151,079
- Current investments +€203,415
up €203,415 (+619%), from €32,879 to €236,293
- Cash +€33,655
up €33,655 (+7.0%), from €482,793 to €516,448
mainly Net result for the year (+€434,594) and Receivables within one year (+€280,581)
- Tangible fixed assets -€29,551
down €29,551 (-4.7%), from €623,397 to €593,846
of which Land and buildings: -€28,998
- Trade debts -€264,536
down €264,536 (-62.3%), from €424,730 to €160,195
- Other debts +€97,202
up €97,202 (+804%), from €12,092 to €109,294
- Debts after one year +€75,626
up €75,626 (+25.3%), from €299,248 to €374,873
- Tax, wage and social debts +€24,064
up €24,064 (+113%), from €21,262 to €45,326
of which Remuneration and social security: +€16,564
- Gross operating margin +€371,605
up €371,605 (+63.0%), from €589,642 to €961,247
- Staff costs +€109,749
up €109,749 (+43.2%), from €254,108 to €363,857
- Taxes +€69,901
up €69,901 (+96.7%), from €72,309 to €142,210
- Financial income +€18,328
up €18,328 (+1,017%), from €1,802 to €20,129
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,984 | €1,687,798 | -€86,185 | -4.9% |
| Fixed assets | 21/28 | €623,397 | €593,846 | -€29,551 | -4.7% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -27.8% |
| Tangible fixed assets | 22/27 | €623,397 | €593,846 | -€29,551 | -4.7% |
| Land and buildings | 22 | €620,796 | €591,798 | -€28,998 | -4.7% |
| Plant, machinery and equipment | 23 | €2,600 | €2,048 | -€552 | -21.2% |
| Current assets | 29/58 | €1,150,586 | €1,093,952 | -€56,634 | -4.9% |
| Stocks and contracts in progress | 3 | €100,142 | €100,456 | +€314 | +0.3% |
| Stocks | 30/36 | €65,142 | €62,956 | -€2,186 | -3.4% |
| Contracts in progress | 37 | €35,000 | €37,500 | +€2,500 | +7.1% |
| Amounts receivable within one year | 40/41 | €520,056 | €239,475 | -€280,581 | -54.0% |
| Trade receivables | 40 | €348,373 | €197,295 | -€151,079 | -43.4% |
| Other amounts receivable | 41 | €171,682 | €42,180 | -€129,502 | -75.4% |
| Current investments | 50/53 | €32,879 | €236,293 | +€203,415 | +619% |
| Cash at bank and in hand | 54/58 | €482,793 | €516,448 | +€33,655 | +7.0% |
| Deferred charges and accrued income | 490/1 | €14,718 | €1,281 | -€13,437 | -91.3% |
| Total equity and liabilities | 10/49 | €1,773,984 | €1,687,798 | -€86,185 | -4.9% |
| Equity | 10/15 | €964,374 | €948,968 | -€15,406 | -1.6% |
| Contributions | 10/11 | €6,349 | €6,349 | = | 0.0% |
| Reserves | 13 | €958,025 | €942,619 | -€15,406 | -1.6% |
| Non-distributable reserves | 130/1 | €635 | €635 | = | 0.0% |
| Reserves not available under the articles | 1311 | €635 | €635 | = | 0.0% |
| Distributable reserves | 133 | €957,390 | €941,984 | -€15,406 | -1.6% |
| Amounts payable | 17/49 | €809,610 | €738,831 | -€70,779 | -8.7% |
| Amounts payable after more than one year | 17 | €299,248 | €374,873 | +€75,626 | +25.3% |
| Financial debts | 170/4 | €299,248 | €374,873 | +€75,626 | +25.3% |
| Amounts payable within one year | 42/48 | €501,873 | €359,189 | -€142,684 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €43,789 | €44,374 | +€585 | +1.3% |
| Trade debts | 44 | €424,730 | €160,195 | -€264,536 | -62.3% |
| Suppliers | 440/4 | €424,730 | €160,195 | -€264,536 | -62.3% |
| Taxes, remuneration and social security | 45 | €21,262 | €45,326 | +€24,064 | +113% |
| Taxes | 450/3 | - | €7,500 | +€7,500 | |
| Remuneration and social security | 454/9 | €21,262 | €37,826 | +€16,564 | +77.9% |
| Other amounts payable | 47/48 | €12,092 | €109,294 | +€97,202 | +804% |
| Accrued charges and deferred income | 492/3 | €8,489 | €4,769 | -€3,721 | -43.8% |
| Remuneration, social security and pensions | 62 | €254,108 | €363,857 | +€109,749 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,727 | €30,381 | +€654 | +2.2% |
| Other operating charges | 640/8 | €1,123 | €3,676 | +€2,553 | +227% |
| Gross operating margin | 9900 | €589,642 | €961,247 | +€371,605 | +63.0% |
| Operating profit (loss) | 9901 | €304,684 | €563,334 | +€258,650 | +84.9% |
| Financial income | 75/76B | €1,802 | €20,129 | +€18,328 | +1,017% |
| Recurring financial income | 75 | €1,802 | €20,129 | +€18,328 | +1,017% |
| Financial charges | 65/66B | €6,595 | €6,659 | +€64 | +1.0% |
| Recurring financial charges | 65 | €6,595 | €6,659 | +€64 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €299,890 | €576,804 | +€276,913 | +92.3% |
| Income taxes | 67/77 | €72,309 | €142,210 | +€69,901 | +96.7% |
| Profit (loss) for the period | 9904 | €227,581 | €434,594 | +€207,013 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €227,581 | €434,594 | +€207,013 | +91.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.