Tuinen Michael: 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 Michael
Largest movements
- Tangible fixed assets +€58,176
up €58,176 (+188%), from €30,981 to €89,157
of which Land and buildings: +€75,000
- Deferred charges and accrued income -€45,000
no longer reported in 2025 (was €45,000)
- Stocks and contracts +€37,340
up €37,340 (+62.8%), from €59,500 to €96,840
of which Stocks: +€36,500
- Receivables within one year -€13,583
down €13,583 (-88.2%), from €15,393 to €1,810
of which Trade receivables: -€13,873
- Cash -€3,769
down €3,769 (-77.0%), from €4,894 to €1,125
mainly Investment in fixed assets (net) (-€75,000) and Stocks and contracts (-€37,340)
- Profit (loss) carried forward +€23,097
up €23,097, from -€2,519 to €20,578
- Tax, wage and social debts +€7,625
up €7,625 (+513%), from €1,485 to €9,110
of which Remuneration and social security: +€9,110
- Other debts +€7,594
up €7,594 (+15.2%), from €49,910 to €57,504
- Trade debts +€5,724
up €5,724 (+28.3%), from €20,207 to €25,930
- Accrued charges and deferred income -€4,729
down €4,729 (-80.8%), from €5,851 to €1,123
- Gross operating margin +€38,885
up €38,885 (+378%), from €10,285 to €49,170
- Other operating charges +€7,620
up €7,620 (+888%), from €858 to €8,478
- Taxes -€2,435
no longer reported in 2025 (was €2,435)
- Depreciation -€1,358
down €1,358 (-7.5%), from €18,182 to €16,824
- Staff costs -€1,261
no longer reported in 2025 (was €1,261)
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 | €155,769 | €188,933 | +€33,165 | +21.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,981 | €89,157 | +€58,176 | +188% |
| Tangible fixed assets | 22/27 | €30,981 | €89,157 | +€58,176 | +188% |
| Land and buildings | 22 | €0 | €75,000 | +€75,000 | |
| Plant, machinery and equipment | 23 | €12,736 | €6,694 | -€6,042 | -47.4% |
| Furniture and vehicles | 24 | €18,245 | €7,463 | -€10,782 | -59.1% |
| Current assets | 29/58 | €124,788 | €99,776 | -€25,012 | -20.0% |
| Stocks and contracts in progress | 3 | €59,500 | €96,840 | +€37,340 | +62.8% |
| Stocks | 30/36 | €57,250 | €93,750 | +€36,500 | +63.8% |
| Contracts in progress | 37 | €2,250 | €3,090 | +€840 | +37.3% |
| Amounts receivable within one year | 40/41 | €15,393 | €1,810 | -€13,583 | -88.2% |
| Trade receivables | 40 | €15,393 | €1,520 | -€13,873 | -90.1% |
| Other amounts receivable | 41 | €0 | €290 | +€290 | |
| Cash at bank and in hand | 54/58 | €4,894 | €1,125 | -€3,769 | -77.0% |
| Deferred charges and accrued income | 490/1 | €45,000 | - | -€45,000 | |
| Total equity and liabilities | 10/49 | €155,769 | €188,933 | +€33,165 | +21.3% |
| Equity | 10/15 | €17,481 | €40,578 | +€23,097 | +132% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,519 | €20,578 | +€23,097 | |
| Amounts payable | 17/49 | €138,288 | €148,355 | +€10,067 | +7.3% |
| Amounts payable after more than one year | 17 | €54,689 | €50,000 | -€4,689 | -8.6% |
| Financial debts | 170/4 | €54,689 | €50,000 | -€4,689 | -8.6% |
| Amounts payable within one year | 42/48 | €77,748 | €97,233 | +€19,485 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €6,146 | €4,689 | -€1,457 | -23.7% |
| Trade debts | 44 | €20,207 | €25,930 | +€5,724 | +28.3% |
| Suppliers | 440/4 | €20,207 | €25,930 | +€5,724 | +28.3% |
| Taxes, remuneration and social security | 45 | €1,485 | €9,110 | +€7,625 | +513% |
| Taxes | 450/3 | €1,485 | - | -€1,485 | |
| Remuneration and social security | 454/9 | - | €9,110 | +€9,110 | |
| Other amounts payable | 47/48 | €49,910 | €57,504 | +€7,594 | +15.2% |
| Accrued charges and deferred income | 492/3 | €5,851 | €1,123 | -€4,729 | -80.8% |
| Remuneration, social security and pensions | 62 | €1,261 | - | -€1,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,182 | €16,824 | -€1,358 | -7.5% |
| Other operating charges | 640/8 | €858 | €8,478 | +€7,620 | +888% |
| Gross operating margin | 9900 | €10,285 | €49,170 | +€38,885 | +378% |
| Operating profit (loss) | 9901 | -€10,016 | €23,869 | +€33,884 | |
| Financial charges | 65/66B | €306 | €772 | +€465 | +152% |
| Recurring financial charges | 65 | €306 | €772 | +€465 | +152% |
| Profit (loss) for the period before taxes | 9903 | -€10,322 | €23,097 | +€33,419 | |
| Income taxes | 67/77 | €2,435 | - | -€2,435 | |
| Profit (loss) for the period | 9904 | -€12,757 | €23,097 | +€35,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,757 | €23,097 | +€35,854 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.