TUINEN NIELS DEVOS: what changed
TUINEN NIELS DEVOS
Largest movements
- Cash -€30,421
down €30,421 (-55.9%), from €54,452 to €24,031
mainly Investment in fixed assets (net) (-€49,505) and Net result for the year (-€12,036)
- Tangible fixed assets +€24,293
up €24,293 (+35.1%), from €69,210 to €93,503
of which Furniture and vehicles: +€22,487
- Receivables within one year +€5,749
up €5,749 (+168%), from €3,416 to €9,166
of which Trade receivables: +€5,628
- Deferred charges and accrued income +€1,731
up €1,731 (+105%), from €1,645 to €3,376
- Debts after one year +€16,695
up €16,695 (+72.8%), from €22,945 to €39,640
- Reserves -€12,036
down €12,036 (-29.6%), from €40,729 to €28,693
- Current portion of long-term debt +€6,118
up €6,118 (+54.3%), from €11,261 to €17,380
- Tax, wage and social debts -€4,681
down €4,681 (-16.3%), from €28,760 to €24,078
of which Taxes: -€2,719
- Trade debts -€3,728
down €3,728 (-31.5%), from €11,822 to €8,094
- Gross operating margin -€66,758
down €66,758 (-55.2%), from €120,846 to €54,088
- Taxes -€11,276
down €11,276 (-98.8%), from €11,408 to €132
- Staff costs -€4,316
down €4,316 (-10.5%), from €41,037 to €36,721
- Depreciation +€2,983
up €2,983 (+13.4%), from €22,229 to €25,212
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 | €128,723 | €130,076 | +€1,353 | +1.1% |
| Fixed assets | 21/28 | €69,210 | €93,503 | +€24,293 | +35.1% |
| Tangible fixed assets | 22/27 | €69,210 | €93,503 | +€24,293 | +35.1% |
| Plant, machinery and equipment | 23 | €22,073 | €16,572 | -€5,501 | -24.9% |
| Furniture and vehicles | 24 | €47,137 | €69,625 | +€22,487 | +47.7% |
| Other tangible fixed assets | 26 | - | €7,306 | +€7,306 | |
| Current assets | 29/58 | €59,514 | €36,574 | -€22,940 | -38.5% |
| Amounts receivable within one year | 40/41 | €3,416 | €9,166 | +€5,749 | +168% |
| Trade receivables | 40 | €3,328 | €8,955 | +€5,628 | +169% |
| Other amounts receivable | 41 | €89 | €211 | +€122 | +137% |
| Cash at bank and in hand | 54/58 | €54,452 | €24,031 | -€30,421 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,645 | €3,376 | +€1,731 | +105% |
| Total equity and liabilities | 10/49 | €128,723 | €130,076 | +€1,353 | +1.1% |
| Equity | 10/15 | €43,729 | €31,693 | -€12,036 | -27.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,729 | €28,693 | -€12,036 | -29.6% |
| Distributable reserves | 133 | €40,729 | €28,693 | -€12,036 | -29.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,995 | €98,384 | +€13,389 | +15.8% |
| Amounts payable after more than one year | 17 | €22,945 | €39,640 | +€16,695 | +72.8% |
| Financial debts | 170/4 | €22,945 | €39,640 | +€16,695 | +72.8% |
| Amounts payable within one year | 42/48 | €62,050 | €58,744 | -€3,307 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €11,261 | €17,380 | +€6,118 | +54.3% |
| Trade debts | 44 | €11,822 | €8,094 | -€3,728 | -31.5% |
| Suppliers | 440/4 | €11,822 | €8,094 | -€3,728 | -31.5% |
| Taxes, remuneration and social security | 45 | €28,760 | €24,078 | -€4,681 | -16.3% |
| Taxes | 450/3 | €19,894 | €17,175 | -€2,719 | -13.7% |
| Remuneration and social security | 454/9 | €8,866 | €6,904 | -€1,962 | -22.1% |
| Other amounts payable | 47/48 | €10,207 | €9,191 | -€1,016 | -10.0% |
| Remuneration, social security and pensions | 62 | €41,037 | €36,721 | -€4,316 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,229 | €25,212 | +€2,983 | +13.4% |
| Other operating charges | 640/8 | €1,201 | €1,258 | +€57 | +4.8% |
| Gross operating margin | 9900 | €120,846 | €54,088 | -€66,758 | -55.2% |
| Operating profit (loss) | 9901 | €56,379 | -€9,104 | -€65,483 | |
| Financial income | 75/76B | €93 | €90 | -€4 | -3.9% |
| Recurring financial income | 75 | €93 | €90 | -€4 | -3.9% |
| Financial charges | 65/66B | €2,461 | €2,890 | +€429 | +17.4% |
| Recurring financial charges | 65 | €2,461 | €2,890 | +€429 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €54,011 | -€11,904 | -€65,915 | |
| Income taxes | 67/77 | €11,408 | €132 | -€11,276 | -98.8% |
| Profit (loss) for the period | 9904 | €42,604 | -€12,036 | -€54,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,604 | -€12,036 | -€54,640 |
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 3 November 2026 via checked.be.