TUINEN LUPPENS: 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 LUPPENS
Largest movements
- Tangible fixed assets +€128,504
up €128,504 (+48.7%), from €263,887 to €392,391
of which Plant, machinery and equipment: +€154,166
- Cash +€34,436
up €34,436 (+28.8%), from €119,532 to €153,969
mainly Debts after one year (+€128,480) and Depreciation (+€57,399)
- Receivables within one year -€25,334
down €25,334 (-57.4%), from €44,117 to €18,783
of which Trade receivables: -€20,474
- Deferred charges and accrued income +€18,974
new in 2025: €18,974
- Debts after one year +€128,480
up €128,480 (+80.5%), from €159,605 to €288,085
- Reserves +€36,331
up €36,331 (+29.4%), from €123,476 to €159,807
- Trade debts -€24,430
no longer reported in 2025 (was €24,430)
- Profit (loss) carried forward +€17,778
no longer reported in 2025 (was -€17,778)
- Gross operating margin +€110,239
up €110,239 (+175%), from €63,027 to €173,266
- Staff costs +€18,892
up €18,892 (+58.7%), from €32,172 to €51,064
- Depreciation +€15,133
up €15,133 (+35.8%), from €42,266 to €57,399
- Taxes +€4,704
new in 2025: €4,704
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 | €428,256 | €584,852 | +€156,597 | +36.6% |
| Formation expenses | 20 | €250 | - | -€250 | |
| Fixed assets | 21/28 | €263,887 | €392,391 | +€128,504 | +48.7% |
| Tangible fixed assets | 22/27 | €263,887 | €392,391 | +€128,504 | +48.7% |
| Land and buildings | 22 | €166,925 | €156,643 | -€10,283 | -6.2% |
| Plant, machinery and equipment | 23 | €30,972 | €185,139 | +€154,166 | +498% |
| Furniture and vehicles | 24 | €65,990 | €50,610 | -€15,380 | -23.3% |
| Current assets | 29/58 | €164,119 | €192,461 | +€28,343 | +17.3% |
| Stocks and contracts in progress | 3 | €469 | €736 | +€267 | +56.8% |
| Stocks | 30/36 | €469 | €736 | +€267 | +56.8% |
| Amounts receivable within one year | 40/41 | €44,117 | €18,783 | -€25,334 | -57.4% |
| Trade receivables | 40 | €38,757 | €18,283 | -€20,474 | -52.8% |
| Other amounts receivable | 41 | €5,360 | €500 | -€4,860 | -90.7% |
| Cash at bank and in hand | 54/58 | €119,532 | €153,969 | +€34,436 | +28.8% |
| Deferred charges and accrued income | 490/1 | - | €18,974 | +€18,974 | |
| Total equity and liabilities | 10/49 | €428,256 | €584,852 | +€156,597 | +36.6% |
| Equity | 10/15 | €125,698 | €179,807 | +€54,109 | +43.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €123,476 | €159,807 | +€36,331 | +29.4% |
| Distributable reserves | 133 | €123,476 | €159,807 | +€36,331 | +29.4% |
| Profit (loss) carried forward | 14 | -€17,778 | - | +€17,778 | |
| Amounts payable | 17/49 | €302,557 | €405,045 | +€102,488 | +33.9% |
| Amounts payable after more than one year | 17 | €159,605 | €288,085 | +€128,480 | +80.5% |
| Financial debts | 170/4 | €159,605 | €288,085 | +€128,480 | +80.5% |
| Amounts payable within one year | 42/48 | €142,952 | €116,961 | -€25,992 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €19,086 | €19,548 | +€462 | +2.4% |
| Trade debts | 44 | €24,430 | - | -€24,430 | |
| Suppliers | 440/4 | €24,430 | - | -€24,430 | |
| Taxes, remuneration and social security | 45 | €21,128 | €19,116 | -€2,013 | -9.5% |
| Taxes | 450/3 | €21,006 | €18,965 | -€2,042 | -9.7% |
| Remuneration and social security | 454/9 | €122 | €151 | +€29 | +23.6% |
| Other amounts payable | 47/48 | €78,308 | €78,297 | -€11 | 0.0% |
| Remuneration, social security and pensions | 62 | €32,172 | €51,064 | +€18,892 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,266 | €57,399 | +€15,133 | +35.8% |
| Other operating charges | 640/8 | €2,945 | €2,418 | -€527 | -17.9% |
| Gross operating margin | 9900 | €63,027 | €173,266 | +€110,239 | +175% |
| Operating profit (loss) | 9901 | -€14,356 | €62,385 | +€76,741 | |
| Financial income | 75/76B | €21 | €0 | -€20 | -97.8% |
| Recurring financial income | 75 | €21 | €0 | -€20 | -97.8% |
| Financial charges | 65/66B | €3,442 | €3,573 | +€130 | +3.8% |
| Recurring financial charges | 65 | €3,442 | €3,573 | +€130 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,778 | €58,813 | +€76,590 | |
| Income taxes | 67/77 | - | €4,704 | +€4,704 | |
| Profit (loss) for the period | 9904 | -€17,778 | €54,109 | +€71,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,778 | €54,109 | +€71,886 |
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 15 October 2026 via checked.be.