Tuinen HVM: what changed
Tuinen HVM
Largest movements
- Receivables within one year +€77,124
up €77,124 (+865%), from €8,918 to €86,042
of which Trade receivables: +€68,949
- Tangible fixed assets +€60,629
up €60,629 (+185%), from €32,838 to €93,467
of which Furniture and vehicles: +€32,342
- Cash -€19,675
down €19,675 (-60.1%), from €32,733 to €13,058
mainly Receivables within one year (-€77,124) and Investment in fixed assets (net) (-€77,026)
- Trade debts +€49,364
up €49,364 (+900%), from €5,484 to €54,849
- Reserves +€39,179
up €39,179 (+146%), from €26,807 to €65,985
- Debts after one year +€16,657
up €16,657 (+144%), from €11,589 to €28,245
- Current portion of long-term debt +€10,228
up €10,228 (+210%), from €4,869 to €15,097
- Tax, wage and social debts +€4,704
up €4,704 (+472%), from €996 to €5,700
of which Remuneration and social security: +€4,571
- Gross operating margin +€26,828
up €26,828 (+63.0%), from €42,567 to €69,395
- Depreciation +€8,160
up €8,160 (+99.1%), from €8,237 to €16,397
- Taxes +€4,660
up €4,660 (+75.0%), from €6,209 to €10,869
- Other operating charges +€998
up €998 (+140%), from €713 to €1,711
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 | €74,773 | €193,095 | +€118,322 | +158% |
| Fixed assets | 21/28 | €32,838 | €93,467 | +€60,629 | +185% |
| Tangible fixed assets | 22/27 | €32,838 | €93,467 | +€60,629 | +185% |
| Plant, machinery and equipment | 23 | €3,499 | €31,786 | +€28,287 | +808% |
| Furniture and vehicles | 24 | €29,339 | €61,682 | +€32,342 | +110% |
| Current assets | 29/58 | €41,934 | €99,627 | +€57,693 | +138% |
| Amounts receivable within one year | 40/41 | €8,918 | €86,042 | +€77,124 | +865% |
| Trade receivables | 40 | €8,804 | €77,753 | +€68,949 | +783% |
| Other amounts receivable | 41 | €113 | €8,289 | +€8,176 | +7,229% |
| Cash at bank and in hand | 54/58 | €32,733 | €13,058 | -€19,675 | -60.1% |
| Deferred charges and accrued income | 490/1 | €284 | €527 | +€243 | +85.8% |
| Total equity and liabilities | 10/49 | €74,773 | €193,095 | +€118,322 | +158% |
| Equity | 10/15 | €28,807 | €67,985 | +€39,179 | +136% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,807 | €65,985 | +€39,179 | +146% |
| Distributable reserves | 133 | €26,807 | €65,985 | +€39,179 | +146% |
| Amounts payable | 17/49 | €45,966 | €125,109 | +€79,143 | +172% |
| Amounts payable after more than one year | 17 | €11,589 | €28,245 | +€16,657 | +144% |
| Financial debts | 170/4 | €11,589 | €28,245 | +€16,657 | +144% |
| Amounts payable within one year | 42/48 | €34,377 | €96,864 | +€62,487 | +182% |
| Current portion of amounts payable after more than one year | 42 | €4,869 | €15,097 | +€10,228 | +210% |
| Trade debts | 44 | €5,484 | €54,849 | +€49,364 | +900% |
| Suppliers | 440/4 | €5,484 | €54,849 | +€49,364 | +900% |
| Taxes, remuneration and social security | 45 | €996 | €5,700 | +€4,704 | +472% |
| Taxes | 450/3 | €396 | €529 | +€133 | +33.5% |
| Remuneration and social security | 454/9 | €600 | €5,171 | +€4,571 | +762% |
| Other amounts payable | 47/48 | €23,028 | €21,219 | -€1,809 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,237 | €16,397 | +€8,160 | +99.1% |
| Other operating charges | 640/8 | €713 | €1,711 | +€998 | +140% |
| Gross operating margin | 9900 | €42,567 | €69,395 | +€26,828 | +63.0% |
| Operating profit (loss) | 9901 | €33,618 | €51,288 | +€17,670 | +52.6% |
| Financial income | 75/76B | €63 | €19 | -€44 | -70.1% |
| Recurring financial income | 75 | €63 | €19 | -€44 | -70.1% |
| Financial charges | 65/66B | €665 | €1,258 | +€594 | +89.3% |
| Recurring financial charges | 65 | €665 | €1,258 | +€594 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | €33,016 | €50,048 | +€17,032 | +51.6% |
| Income taxes | 67/77 | €6,209 | €10,869 | +€4,660 | +75.0% |
| Profit (loss) for the period | 9904 | €26,807 | €39,179 | +€12,372 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,807 | €39,179 | +€12,372 | +46.2% |
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 1 November 2026 via checked.be.