Tuinen Mathieu: 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 Mathieu
Largest movements
- Receivables within one year +€137,343
up €137,343 (+120%), from €114,316 to €251,659
of which Trade receivables: +€140,013
- Cash +€47,592
up €47,592 (+377%), from €12,636 to €60,228
mainly Net result for the year (+€92,966) and Depreciation (+€42,104)
- Tangible fixed assets +€35,142
up €35,142 (+33.0%), from €106,450 to €141,593
of which Plant, machinery and equipment: +€41,112
- Profit (loss) carried forward +€92,966
up €92,966 (+87.4%), from €106,366 to €199,332
- Debts after one year +€41,170
up €41,170 (+75.0%), from €54,898 to €96,069
- Trade debts +€39,382
up €39,382 (+285%), from €13,839 to €53,221
- Tax, wage and social debts +€31,678
up €31,678 (+112%), from €28,324 to €60,002
- Current portion of long-term debt +€14,882
up €14,882 (+120%), from €12,440 to €27,321
- Depreciation +€36,130
up €36,130 (+605%), from €5,975 to €42,104
- Gross operating margin +€19,846
up €19,846 (+14.4%), from €138,013 to €157,859
- Taxes -€4,174
down €4,174 (-14.7%), from €28,324 to €24,150
- Financial charges +€3,431
up €3,431 (+1,186%), from €289 to €3,720
- Financial income +€2,907
up €2,907 (+84.3%), from €3,448 to €6,355
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,402 | €453,479 | +€220,077 | +94.3% |
| Fixed assets | 21/28 | €106,450 | €141,593 | +€35,142 | +33.0% |
| Tangible fixed assets | 22/27 | €106,450 | €141,593 | +€35,142 | +33.0% |
| Plant, machinery and equipment | 23 | €8,127 | €49,239 | +€41,112 | +506% |
| Furniture and vehicles | 24 | €98,323 | €92,354 | -€5,970 | -6.1% |
| Current assets | 29/58 | €126,952 | €311,887 | +€184,935 | +146% |
| Amounts receivable within one year | 40/41 | €114,316 | €251,659 | +€137,343 | +120% |
| Trade receivables | 40 | €8,966 | €148,978 | +€140,013 | +1,562% |
| Other amounts receivable | 41 | €105,350 | €102,680 | -€2,670 | -2.5% |
| Cash at bank and in hand | 54/58 | €12,636 | €60,228 | +€47,592 | +377% |
| Total equity and liabilities | 10/49 | €233,402 | €453,479 | +€220,077 | +94.3% |
| Equity | 10/15 | €116,366 | €209,332 | +€92,966 | +79.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,366 | €199,332 | +€92,966 | +87.4% |
| Amounts payable | 17/49 | €117,036 | €244,147 | +€127,112 | +109% |
| Amounts payable after more than one year | 17 | €54,898 | €96,069 | +€41,170 | +75.0% |
| Financial debts | 170/4 | €54,898 | €96,069 | +€41,170 | +75.0% |
| Amounts payable within one year | 42/48 | €62,138 | €148,079 | +€85,941 | +138% |
| Current portion of amounts payable after more than one year | 42 | €12,440 | €27,321 | +€14,882 | +120% |
| Trade debts | 44 | €13,839 | €53,221 | +€39,382 | +285% |
| Suppliers | 440/4 | €13,839 | €53,221 | +€39,382 | +285% |
| Advances received on contracts in progress | 46 | €7,535 | €7,535 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,324 | €60,002 | +€31,678 | +112% |
| Taxes | 450/3 | €28,324 | €60,002 | +€31,678 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,975 | €42,104 | +€36,130 | +605% |
| Other operating charges | 640/8 | €507 | €1,274 | +€768 | +151% |
| Gross operating margin | 9900 | €138,013 | €157,859 | +€19,846 | +14.4% |
| Operating profit (loss) | 9901 | €131,531 | €114,480 | -€17,051 | -13.0% |
| Financial income | 75/76B | €3,448 | €6,355 | +€2,907 | +84.3% |
| Recurring financial income | 75 | €3,448 | €6,355 | +€2,907 | +84.3% |
| Financial charges | 65/66B | €289 | €3,720 | +€3,431 | +1,186% |
| Recurring financial charges | 65 | €289 | €3,720 | +€3,431 | +1,186% |
| Profit (loss) for the period before taxes | 9903 | €134,690 | €117,115 | -€17,575 | -13.0% |
| Income taxes | 67/77 | €28,324 | €24,150 | -€4,174 | -14.7% |
| Profit (loss) for the period | 9904 | €106,366 | €92,966 | -€13,401 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,366 | €92,966 | -€13,401 | -12.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.