TUINMAN NICK: 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.
TUINMAN NICK
Largest movements
- Tangible fixed assets +€25,560
up €25,560 (+70.8%), from €36,096 to €61,656
of which Furniture and vehicles: +€34,350
- Receivables within one year +€9,479
up €9,479 (+416%), from €2,280 to €11,759
- Cash -€7,946
down €7,946 (-55.0%), from €14,451 to €6,505
mainly Investment in fixed assets (net) (-€43,058) and Receivables within one year (-€9,479)
- Debts after one year +€20,109
new in 2024: €20,109
- Current portion of long-term debt +€5,727
new in 2024: €5,727
- Tax, wage and social debts -€3,943
down €3,943 (-47.8%), from €8,256 to €4,313
of which Taxes: -€2,243
- Other debts +€3,500
up €3,500 (+98.5%), from €3,554 to €7,054
- Trade debts +€3,321
up €3,321 (+84.7%), from €3,922 to €7,243
- Depreciation +€6,397
up €6,397 (+57.6%), from €11,101 to €17,498
- Gross operating margin -€3,490
down €3,490 (-16.2%), from €21,599 to €18,109
- Taxes -€2,607
no longer reported in 2024 (was €2,607)
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 | €52,827 | €80,090 | +€27,263 | +51.6% |
| Fixed assets | 21/28 | €36,096 | €61,656 | +€25,560 | +70.8% |
| Tangible fixed assets | 22/27 | €36,096 | €61,656 | +€25,560 | +70.8% |
| Plant, machinery and equipment | 23 | €36,096 | €27,307 | -€8,790 | -24.4% |
| Furniture and vehicles | 24 | - | €34,350 | +€34,350 | |
| Current assets | 29/58 | €16,731 | €18,434 | +€1,703 | +10.2% |
| Amounts receivable within one year | 40/41 | €2,280 | €11,759 | +€9,479 | +416% |
| Trade receivables | 40 | €2,280 | €11,759 | +€9,479 | +416% |
| Cash at bank and in hand | 54/58 | €14,451 | €6,505 | -€7,946 | -55.0% |
| Deferred charges and accrued income | 490/1 | - | €170 | +€170 | |
| Total equity and liabilities | 10/49 | €52,827 | €80,090 | +€27,263 | +51.6% |
| Equity | 10/15 | €37,090 | €35,644 | -€1,445 | -3.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,090 | €33,644 | -€1,445 | -4.1% |
| Distributable reserves | 133 | €35,090 | €33,644 | -€1,445 | -4.1% |
| Amounts payable | 17/49 | €15,737 | €44,446 | +€28,708 | +182% |
| Amounts payable after more than one year | 17 | - | €20,109 | +€20,109 | |
| Financial debts | 170/4 | - | €20,109 | +€20,109 | |
| Amounts payable within one year | 42/48 | €15,732 | €24,337 | +€8,605 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,727 | +€5,727 | |
| Trade debts | 44 | €3,922 | €7,243 | +€3,321 | +84.7% |
| Suppliers | 440/4 | €3,922 | €7,243 | +€3,321 | +84.7% |
| Taxes, remuneration and social security | 45 | €8,256 | €4,313 | -€3,943 | -47.8% |
| Taxes | 450/3 | €6,556 | €4,313 | -€2,243 | -34.2% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €3,554 | €7,054 | +€3,500 | +98.5% |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,101 | €17,498 | +€6,397 | +57.6% |
| Other operating charges | 640/8 | €1,732 | €1,526 | -€206 | -11.9% |
| Gross operating margin | 9900 | €21,599 | €18,109 | -€3,490 | -16.2% |
| Operating profit (loss) | 9901 | €8,765 | -€915 | -€9,680 | |
| Financial income | 75/76B | €23 | €11 | -€12 | -51.9% |
| Recurring financial income | 75 | €23 | €11 | -€12 | -51.9% |
| Financial charges | 65/66B | €439 | €542 | +€103 | +23.4% |
| Recurring financial charges | 65 | €439 | €542 | +€103 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €8,349 | -€1,445 | -€9,794 | |
| Income taxes | 67/77 | €2,607 | - | -€2,607 | |
| Profit (loss) for the period | 9904 | €5,742 | -€1,445 | -€7,187 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,742 | -€1,445 | -€7,187 |
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 31 October 2026 via checked.be.