TUINEN SEYS: what changed
TUINEN SEYS
Largest movements
- Receivables within one year +€24,571
up €24,571 (+314%), from €7,823 to €32,394
of which Trade receivables: +€21,311
- Cash -€10,281
down €10,281 (-24.2%), from €42,412 to €32,132
mainly Investment in fixed assets (net) (-€29,342) and Receivables within one year (-€24,571)
- Tangible fixed assets +€8,420
up €8,420 (+11.2%), from €74,846 to €83,266
of which Furniture and vehicles: +€14,364
- Intangible fixed assets -€2,000
down €2,000 (-11.3%), from €17,661 to €15,661
- Trade debts -€19,893
down €19,893 (-87.8%), from €22,650 to €2,757
- Other debts +€16,505
up €16,505 (+28.6%), from €57,612 to €74,116
- Reserves +€14,064
up €14,064 (+49.8%), from €28,214 to €42,277
- Debts after one year +€10,397
up €10,397 (+64.1%), from €16,229 to €26,626
- Accrued charges and deferred income -€5,684
down €5,684 (-100%), from €5,684 to €0
- Gross operating margin -€23,987
down €23,987 (-35.1%), from €68,366 to €44,379
- Financial charges -€5,135
down €5,135 (-76.7%), from €6,694 to €1,559
of which Financial charges: -€5,560
- Taxes -€3,184
down €3,184 (-47.3%), from €6,737 to €3,553
- Other operating charges -€1,076
down €1,076 (-47.6%), from €2,263 to €1,186
- Staff costs -€840
down €840 (-75.9%), from €1,107 to €267
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 | €143,443 | €165,095 | +€21,652 | +15.1% |
| Fixed assets | 21/28 | €93,208 | €99,628 | +€6,420 | +6.9% |
| Intangible fixed assets | 21 | €17,661 | €15,661 | -€2,000 | -11.3% |
| Tangible fixed assets | 22/27 | €74,846 | €83,266 | +€8,420 | +11.2% |
| Plant, machinery and equipment | 23 | €44,902 | €38,958 | -€5,944 | -13.2% |
| Furniture and vehicles | 24 | €29,944 | €44,308 | +€14,364 | +48.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €50,235 | €65,467 | +€15,232 | +30.3% |
| Amounts receivable within one year | 40/41 | €7,823 | €32,394 | +€24,571 | +314% |
| Trade receivables | 40 | €7,586 | €28,897 | +€21,311 | +281% |
| Other amounts receivable | 41 | €237 | €3,497 | +€3,260 | +1,376% |
| Cash at bank and in hand | 54/58 | €42,412 | €32,132 | -€10,281 | -24.2% |
| Deferred charges and accrued income | 490/1 | - | €942 | +€942 | |
| Total equity and liabilities | 10/49 | €143,443 | €165,095 | +€21,652 | +15.1% |
| Equity | 10/15 | €30,714 | €44,777 | +€14,064 | +45.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,214 | €42,277 | +€14,064 | +49.8% |
| Distributable reserves | 133 | €28,214 | €42,277 | +€14,064 | +49.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €112,729 | €120,318 | +€7,588 | +6.7% |
| Amounts payable after more than one year | 17 | €16,229 | €26,626 | +€10,397 | +64.1% |
| Financial debts | 170/4 | €16,229 | €26,626 | +€10,397 | +64.1% |
| Amounts payable within one year | 42/48 | €90,816 | €93,692 | +€2,876 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €7,318 | €11,766 | +€4,448 | +60.8% |
| Trade debts | 44 | €22,650 | €2,757 | -€19,893 | -87.8% |
| Suppliers | 440/4 | €22,650 | €2,757 | -€19,893 | -87.8% |
| Taxes, remuneration and social security | 45 | €3,237 | €5,053 | +€1,816 | +56.1% |
| Taxes | 450/3 | €3,237 | €5,053 | +€1,816 | +56.1% |
| Other amounts payable | 47/48 | €57,612 | €74,116 | +€16,505 | +28.6% |
| Accrued charges and deferred income | 492/3 | €5,684 | €0 | -€5,684 | -100% |
| Remuneration, social security and pensions | 62 | €1,107 | €267 | -€840 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,362 | €22,922 | -€440 | -1.9% |
| Other operating charges | 640/8 | €2,263 | €1,186 | -€1,076 | -47.6% |
| Gross operating margin | 9900 | €68,366 | €44,379 | -€23,987 | -35.1% |
| Operating profit (loss) | 9901 | €41,634 | €20,004 | -€21,630 | -52.0% |
| Financial income | 75/76B | €10 | €5 | -€5 | -53.5% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -53.5% |
| Financial charges | 65/66B | €6,694 | €1,559 | -€5,135 | -76.7% |
| Recurring financial charges | 65 | €6,694 | €1,133 | -€5,560 | -83.1% |
| Non-recurring financial charges | 66B | - | €426 | +€426 | |
| Profit (loss) for the period before taxes | 9903 | €34,950 | €18,450 | -€16,501 | -47.2% |
| Income taxes | 67/77 | €6,737 | €3,553 | -€3,184 | -47.3% |
| Profit (loss) for the period | 9904 | €28,214 | €14,897 | -€13,317 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,214 | €14,897 | -€13,317 | -47.2% |
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.