TUINEN ESPRIT: 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 ESPRIT
Largest movements
- Tangible fixed assets -€23,807
down €23,807 (-5.9%), from €406,933 to €383,127
- Receivables within one year +€19,392
up €19,392 (+63.7%), from €30,451 to €49,843
- Cash +€11,998
up €11,998 (+40.9%), from €29,341 to €41,339
mainly Net result for the year (+€32,986) and Depreciation (+€23,807)
- Reserves +€32,986
up €32,986 (+283%), from €11,650 to €44,636
- Current portion of long-term debt -€17,133
no longer reported in 2025 (was €17,133)
- Other debts -€15,935
down €15,935 (-26.5%), from €60,239 to €44,304
- Tax, wage and social debts +€10,034
up €10,034 (+112%), from €8,955 to €18,989
of which Taxes: +€10,685
- Gross operating margin +€26,556
up €26,556 (+27.4%), from €97,012 to €123,568
- Staff costs +€6,396
up €6,396 (+14.6%), from €43,923 to €50,319
- Taxes +€3,845
new in 2025: €3,845
- Other operating charges -€3,593
down €3,593 (-56.7%), from €6,336 to €2,743
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 | €479,076 | €488,596 | +€9,520 | +2.0% |
| Fixed assets | 21/28 | €406,933 | €383,127 | -€23,807 | -5.9% |
| Tangible fixed assets | 22/27 | €406,933 | €383,127 | -€23,807 | -5.9% |
| Land and buildings | 22 | €374,052 | €363,857 | -€10,195 | -2.7% |
| Plant, machinery and equipment | 23 | €11,378 | €3,711 | -€7,667 | -67.4% |
| Furniture and vehicles | 24 | €3,038 | €306 | -€2,732 | -89.9% |
| Other tangible fixed assets | 26 | €18,466 | €15,254 | -€3,212 | -17.4% |
| Current assets | 29/58 | €72,142 | €105,469 | +€33,327 | +46.2% |
| Stocks and contracts in progress | 3 | €350 | €1,320 | +€970 | +277% |
| Stocks | 30/36 | €350 | €1,320 | +€970 | +277% |
| Amounts receivable within one year | 40/41 | €30,451 | €49,843 | +€19,392 | +63.7% |
| Trade receivables | 40 | €30,451 | €49,843 | +€19,392 | +63.7% |
| Cash at bank and in hand | 54/58 | €29,341 | €41,339 | +€11,998 | +40.9% |
| Deferred charges and accrued income | 490/1 | €12,000 | €12,967 | +€967 | +8.1% |
| Total equity and liabilities | 10/49 | €479,076 | €488,596 | +€9,520 | +2.0% |
| Equity | 10/15 | €16,650 | €49,636 | +€32,986 | +198% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,650 | €44,636 | +€32,986 | +283% |
| Distributable reserves | 133 | €11,650 | €44,636 | +€32,986 | +283% |
| Amounts payable | 17/49 | €462,426 | €438,960 | -€23,466 | -5.1% |
| Amounts payable after more than one year | 17 | €344,818 | €344,818 | = | 0.0% |
| Financial debts | 170/4 | €344,818 | €344,818 | = | 0.0% |
| Amounts payable within one year | 42/48 | €117,609 | €94,143 | -€23,466 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €17,133 | - | -€17,133 | |
| Trade debts | 44 | €31,282 | €30,850 | -€432 | -1.4% |
| Suppliers | 440/4 | €31,282 | €30,850 | -€432 | -1.4% |
| Taxes, remuneration and social security | 45 | €8,955 | €18,989 | +€10,034 | +112% |
| Taxes | 450/3 | €1,699 | €12,384 | +€10,685 | +629% |
| Remuneration and social security | 454/9 | €7,256 | €6,605 | -€651 | -9.0% |
| Other amounts payable | 47/48 | €60,239 | €44,304 | -€15,935 | -26.5% |
| Remuneration, social security and pensions | 62 | €43,923 | €50,319 | +€6,396 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,743 | €23,807 | +€64 | +0.3% |
| Other operating charges | 640/8 | €6,336 | €2,743 | -€3,593 | -56.7% |
| Gross operating margin | 9900 | €97,012 | €123,568 | +€26,556 | +27.4% |
| Operating profit (loss) | 9901 | €23,010 | €46,700 | +€23,690 | +103% |
| Financial income | 75/76B | €353 | €8 | -€345 | -97.8% |
| Recurring financial income | 75 | €353 | €8 | -€345 | -97.8% |
| Financial charges | 65/66B | €10,780 | €9,876 | -€904 | -8.4% |
| Recurring financial charges | 65 | €10,780 | €9,876 | -€904 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €12,582 | €36,831 | +€24,249 | +193% |
| Income taxes | 67/77 | - | €3,845 | +€3,845 | |
| Profit (loss) for the period | 9904 | €12,582 | €32,986 | +€20,404 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €12,582 | €32,986 | +€20,404 | +162% |
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 28 October 2026 via checked.be.