Tuinen Despeghel: 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 Despeghel
Largest movements
- Tangible fixed assets +€28,266
up €28,266 (+17.9%), from €157,720 to €185,986
of which Furniture and vehicles: +€44,428
- Receivables within one year -€17,228
down €17,228 (-25.9%), from €66,572 to €49,345
of which Other amounts receivable: -€21,280
- Cash -€5,416
down €5,416 (-41.9%), from €12,927 to €7,511
mainly Investment in fixed assets (net) (-€96,920) and Other debts (-€26,160)
- Intangible fixed assets +€4,722
up €4,722 (+7,562%), from €62 to €4,784
- Stocks and contracts +€3,683
up €3,683 (+79.5%), from €4,630 to €8,313
- Debts after one year +€29,421
up €29,421 (+36.3%), from €81,048 to €110,469
- Other debts -€26,160
down €26,160 (-93.4%), from €28,000 to €1,840
- Current portion of long-term debt +€18,809
up €18,809 (+54.6%), from €34,474 to €53,283
- Reserves +€9,000
up €9,000 (+11.2%), from €80,639 to €89,639
- Trade debts -€7,822
down €7,822 (-58.9%), from €13,272 to €5,450
- Gross operating margin -€8,516
down €8,516 (-9.5%), from €89,920 to €81,404
- Financial charges +€2,877
up €2,877 (+85.4%), from €3,369 to €6,246
- Taxes -€2,180
down €2,180 (-65.7%), from €3,318 to €1,139
- Depreciation -€1,853
down €1,853 (-2.9%), from €63,445 to €61,592
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 | €241,912 | €261,307 | +€19,395 | +8.0% |
| Fixed assets | 21/28 | €157,782 | €193,110 | +€35,328 | +22.4% |
| Intangible fixed assets | 21 | €62 | €4,784 | +€4,722 | +7,562% |
| Tangible fixed assets | 22/27 | €157,720 | €185,986 | +€28,266 | +17.9% |
| Plant, machinery and equipment | 23 | €126,889 | €110,727 | -€16,162 | -12.7% |
| Furniture and vehicles | 24 | €30,831 | €75,259 | +€44,428 | +144% |
| Financial fixed assets | 28 | - | €2,340 | +€2,340 | |
| Current assets | 29/58 | €84,129 | €68,197 | -€15,933 | -18.9% |
| Stocks and contracts in progress | 3 | €4,630 | €8,313 | +€3,683 | +79.5% |
| Stocks | 30/36 | €4,630 | €8,313 | +€3,683 | +79.5% |
| Amounts receivable within one year | 40/41 | €66,572 | €49,345 | -€17,228 | -25.9% |
| Trade receivables | 40 | €39,387 | €43,439 | +€4,053 | +10.3% |
| Other amounts receivable | 41 | €27,186 | €5,905 | -€21,280 | -78.3% |
| Cash at bank and in hand | 54/58 | €12,927 | €7,511 | -€5,416 | -41.9% |
| Deferred charges and accrued income | 490/1 | - | €3,029 | +€3,029 | |
| Total equity and liabilities | 10/49 | €241,912 | €261,307 | +€19,395 | +8.0% |
| Equity | 10/15 | €81,045 | €90,265 | +€9,220 | +11.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €80,639 | €89,639 | +€9,000 | +11.2% |
| Distributable reserves | 133 | €80,639 | €89,639 | +€9,000 | +11.2% |
| Profit (loss) carried forward | 14 | €306 | €527 | +€220 | +71.9% |
| Amounts payable | 17/49 | €160,867 | €171,042 | +€10,175 | +6.3% |
| Amounts payable after more than one year | 17 | €81,048 | €110,469 | +€29,421 | +36.3% |
| Financial debts | 170/4 | €81,048 | €110,469 | +€29,421 | +36.3% |
| Amounts payable within one year | 42/48 | €79,819 | €60,573 | -€19,246 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €34,474 | €53,283 | +€18,809 | +54.6% |
| Financial debts | 43 | €417 | - | -€417 | |
| Credit institutions | 430/8 | €417 | - | -€417 | |
| Trade debts | 44 | €13,272 | €5,450 | -€7,822 | -58.9% |
| Suppliers | 440/4 | €13,272 | €5,450 | -€7,822 | -58.9% |
| Taxes, remuneration and social security | 45 | €3,656 | - | -€3,656 | |
| Taxes | 450/3 | €3,656 | - | -€3,656 | |
| Other amounts payable | 47/48 | €28,000 | €1,840 | -€26,160 | -93.4% |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,445 | €61,592 | -€1,853 | -2.9% |
| Other operating charges | 640/8 | €1,484 | €1,020 | -€464 | -31.2% |
| Non-recurring operating charges | 66A | - | €2,241 | +€2,241 | |
| Gross operating margin | 9900 | €89,920 | €81,404 | -€8,516 | -9.5% |
| Operating profit (loss) | 9901 | €24,991 | €16,550 | -€8,440 | -33.8% |
| Financial income | 75/76B | €2 | €54 | +€52 | +2,199% |
| Recurring financial income | 75 | €2 | €54 | +€52 | +2,199% |
| Financial charges | 65/66B | €3,369 | €6,246 | +€2,877 | +85.4% |
| Recurring financial charges | 65 | €3,369 | €6,246 | +€2,877 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €21,624 | €10,359 | -€11,266 | -52.1% |
| Income taxes | 67/77 | €3,318 | €1,139 | -€2,180 | -65.7% |
| Profit (loss) for the period | 9904 | €18,306 | €9,220 | -€9,086 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,306 | €9,220 | -€9,086 | -49.6% |
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 25 October 2026 via checked.be.