TUINEN MEEUS: what changed
What changed
TUINEN MEEUS
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€66,871
2024 · -€80,602+€13,731
Equity
-€288,232
2024 · -€221,361-€66,871
Cash
€3,494
2024 · €919+€2,575
Balance sheet total
€719,890
2024 · €731,068-€11,178
Largest movements
Assets
- Tangible fixed assets -€15,171
down €15,171 (-2.2%), from €683,926 to €668,755
of which Land and buildings: -€15,061
Equity and liabilities
- Other debts +€235,271
up €235,271 (+118%), from €198,593 to €433,864
- Current portion of long-term debt -€72,836
down €72,836 (-62.4%), from €116,695 to €43,859
- Profit (loss) carried forward -€66,871
down €66,871 (-25.2%), from -€265,556 to -€332,427
- Debts after one year -€40,170
down €40,170 (-7.2%), from €560,912 to €520,742
- Trade debts -€35,533
down €35,533 (-95.6%), from €37,186 to €1,653
Income statement
- Financial charges -€16,711
down €16,711 (-54.7%), from €30,528 to €13,817
- Gross operating margin -€4,061
down €4,061 (-16.5%), from -€24,616 to -€28,677
- Depreciation -€2,393
down €2,393 (-12.4%), from €19,364 to €16,971
- Other operating charges +€1,311
up €1,311 (+21.5%), from €6,095 to €7,406
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.
Result 2024
-€80,602
Gross operating margin
-€4,061
Depreciation
+€2,393
Other operating charges
-€1,311
Financial income
-€0
Financial charges
+€16,711
Result 2025
-€66,871
raises the resultlowers the result
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.
From operations
+€146,621
Investment
€0
Financing
-€144,046
Cash 2024
€919
From operations (derived)
+€146,621
Net result for the year
-€66,871
Depreciation
+€16,971
Receivables within one year
-€3,218
Trade debts
-€35,533
Other debts
+€235,271
Financing
-€144,046
Debts after one year
-€40,170
Current portion of long-term debt
-€72,836
Short-term financial debts
-€31,039
Cash 2025
€3,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,068 | €719,890 | -€11,178 | -1.5% |
| Fixed assets | 21/28 | €690,376 | €673,405 | -€16,971 | -2.5% |
| Intangible fixed assets | 21 | €6,450 | €4,650 | -€1,800 | -27.9% |
| Tangible fixed assets | 22/27 | €683,926 | €668,755 | -€15,171 | -2.2% |
| Land and buildings | 22 | €683,816 | €668,755 | -€15,061 | -2.2% |
| Plant, machinery and equipment | 23 | €110 | €0 | -€110 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €40,692 | €46,485 | +€5,793 | +14.2% |
| Amounts receivable within one year | 40/41 | €39,772 | €42,991 | +€3,218 | +8.1% |
| Trade receivables | 40 | €37,486 | €36,196 | -€1,290 | -3.4% |
| Other amounts receivable | 41 | €2,287 | €6,795 | +€4,508 | +197% |
| Cash at bank and in hand | 54/58 | €919 | €3,494 | +€2,575 | +280% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €731,068 | €719,890 | -€11,178 | -1.5% |
| Equity | 10/15 | -€221,361 | -€288,232 | -€66,871 | -30.2% |
| Contributions | 10/11 | €37,400 | €37,400 | = | 0.0% |
| Reserves | 13 | €6,795 | €6,795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,795 | €6,795 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,795 | €6,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,556 | -€332,427 | -€66,871 | -25.2% |
| Amounts payable | 17/49 | €952,429 | €1,008,122 | +€55,693 | +5.8% |
| Amounts payable after more than one year | 17 | €560,912 | €520,742 | -€40,170 | -7.2% |
| Financial debts | 170/4 | €560,912 | €520,742 | -€40,170 | -7.2% |
| Amounts payable within one year | 42/48 | €391,517 | €487,380 | +€95,863 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €116,695 | €43,859 | -€72,836 | -62.4% |
| Financial debts | 43 | €31,039 | €0 | -€31,039 | -100% |
| Credit institutions | 430/8 | €31,039 | €0 | -€31,039 | -100% |
| Trade debts | 44 | €37,186 | €1,653 | -€35,533 | -95.6% |
| Suppliers | 440/4 | €37,186 | €1,653 | -€35,533 | -95.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,004 | €8,004 | = | 0.0% |
| Taxes | 450/3 | €8,004 | €8,004 | = | 0.0% |
| Other amounts payable | 47/48 | €198,593 | €433,864 | +€235,271 | +118% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,364 | €16,971 | -€2,393 | -12.4% |
| Other operating charges | 640/8 | €6,095 | €7,406 | +€1,311 | +21.5% |
| Gross operating margin | 9900 | -€24,616 | -€28,677 | -€4,061 | -16.5% |
| Operating profit (loss) | 9901 | -€50,074 | -€53,054 | -€2,980 | -6.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €30,528 | €13,817 | -€16,711 | -54.7% |
| Recurring financial charges | 65 | €30,528 | €13,817 | -€16,711 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,602 | -€66,871 | +€13,731 | +17.0% |
| Profit (loss) for the period | 9904 | -€80,602 | -€66,871 | +€13,731 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,602 | -€66,871 | +€13,731 | +17.0% |
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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 4 November 2026 via checked.be.